Eagle Nuclear Energy to Acquire Noble Plains Uranium
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Eagle Nuclear Energy Signs Binding LOI to Acquire Noble Plains Uranium
Reno, Nevada -- November 4, 2026 -- Eagle Nuclear Energy Corp. (NASDAQ: NUCL) announced that it has signed a binding Letter of Intent (LOI) to acquire 100% of Noble Plains Uranium Corp. (TSX-V: NOBL, OTCQB: NBLXF, FSE: INE0) in an all-stock transaction. The proposed acquisition is subject to the negotiation and execution of a definitive agreement and customary closing conditions.
Transaction Details
Under the terms of the LOI, Eagle will acquire 100% of Noble Plains issued and outstanding common shares at a deemed price of CAD 0.125 per share, representing an exchange ratio of 0.0167 Eagle shares for each Noble Plains share. This offer price represents a premium of approximately 92% to the closing price of Noble Plains shares on October 29, 2026. Upon closing, existing Eagle stockholders are anticipated to hold approximately 95.22% and former Noble Plains shareholders approximately 4.78% of the combined company.
Strategic Rationale
- Jurisdictional diversification within the United States, adding Wyoming to Eagle's existing resource footprint in Oregon.
- Entry into historically prolific uranium districts in the Powder River and Shirley basins of Wyoming.
- Addition of In-Situ Recovery (ISR) potential alongside conventional mineability at Aurora.
- Significant overall resource growth potential through Noble Plains' flagship Duck Creek project.
