As an investor always hunting for hidden gems in the uranium sector, I’ve learned that not all junior uranium companies are built the same. Many chase greenfield projects with high risk and long timelines, but Noble Plains Uranium Corp. (TSXV: NOBL, OTCQB: NBLXF, FSE: INE0) stands out by targeting brownfield projects with thousands of historical drill holes, giving it a head start in Wyoming’s uranium-rich basins. What excites me most is that Noble Plains remains an undiscovered story in the market, the kind of under-the-radar opportunity I love to uncover. Here’s why Noble Plains is capturing my attention, with a rundown of their recent moves, key projects, leadership, and the jurisdiction that makes them a compelling play in the nuclear renaissance.

Why Noble Plains Stands Out

Unlike many juniors drilling blind in untested ground, Noble Plains focuses on acquiring projects with extensive historical drilling, offering a treasure trove of data to fast-track resource delineation. This strategy reduces exploration risk and accelerates the path to NI 43-101-compliant resources, leveraging past work by industry giants like Kerr-McGee. Yet, despite its strategic acquisitions and rapid progress, Noble Plains remains largely overlooked by the broader market. For me, these undiscovered stories—backed by strong fundamentals—are the kind of opportunities that can deliver outsized returns as the uranium cycle gains momentum and investors catch on.

Recent News, Building a Robust Portfolio

Noble Plains has been making bold moves to secure high-potential assets, all while flying under the radar. In May 2025, the company rebranded from Indigo Exploration Inc. to Noble Plains Uranium Corp., signaling a sharpened focus on U.S. uranium projects. Since then, they’ve hit the ground running:

Duck Creek Project Acquisition (June 19, 2025): Noble Plains secured an 80% interest in the Duck Creek Project, a 4,133-acre brownfield asset in Wyoming’s Powder River Basin. With 4,068 historical drill holes outlining a 3-mile uranium trend in the Wasatch Formation, mineralization sits at shallow depths (50–260 feet), ideal for ISR. Surrounded by major players like Uranium Energy Corp. and Cameco, the project screams potential. A NI 43-101 technical report is nearing completion, with confirmation drilling planned for late 2025 to establish an initial resource estimate.

Shirley Central Property Acquisition (June 3, 2025): Noble Plains optioned a 100% interest in 30 strategic claims in Wyoming’s Shirley Basin, a district that’s produced over 52 million pounds of U₃O₈ historically. The property, nestled between Ur-Energy and Uranium Energy Corp.’s operations, features dense historical drilling (25m x 25m spacing) near former open-pit mines, pointing to high-grade potential. The company secured drill permits by August 7, 2025—just two months after the option agreement—for a 22-hole confirmation program set to start in Q3 2025.

Shirley East Expansion (July 23, 2025): Noble Plains staked an additional 16 claims (320 acres) to expand its Shirley East Project, growing its Shirley Basin footprint to 101 claims covering 8.44 km². This consolidates their position in a district known for high-grade uranium and ISR-friendly geology.

Drill Permitting Progress (July 3 & August 7, 2025): The company’s efficiency in securing a drill permit for Shirley Central showcases their operational hustle. The 22-hole program will target five “bullseye” zones identified from historical data, leveraging tight drill spacing to minimize costs while maximizing resource potential.

Projects: A Foundation Built on Historical Data

Noble Plains’ portfolio is anchored in Wyoming’s Powder River Basin and Shirley Basin, two of the most prolific uranium districts in the U.S. The Duck Creek Project’s 4,068 historical holes and Shirley Central’s dense drilling grids provide a roadmap for rapid resource development. By focusing on brownfield assets, Noble avoids the guesswork of greenfield exploration, using historical data to pinpoint high-confidence targets. This approach, combined with the company’s low profile in the market, makes it an exciting, undiscovered opportunity for investors like me who thrive on finding undervalued stories before they hit the mainstream.

Leadership

A Team with Vision. Noble Plains’ leadership blends technical expertise and capital markets savvy, critical for a junior navigating the uranium space. CEO Paul Cowley, with decades of experience, emphasizes the geological and strategic fit of their projects, noting the Shirley Basin’s well-understood geology and Duck Creek’s exploration upside in the Fort Union Formation. President Drew Zimmerman, appointed in May 2025, drives the focus on brownfield assets, highlighting their potential for “rapid conversion into compliant uranium resources.” The addition of Galina Meleger to the board (July 7, 2025) brings nearly 20 years of investor relations experience, positioning Noble to tell its story as it emerges from obscurity.All other members have a lot of know how when it comes to financing and exploration.

Jurisdiction

I am sure that majority of you know the Wyoming’s Uranium Advantage. Wyoming, the top uranium-producing state in the U.S., is a dream jurisdiction for juniors like Noble Plains. With over 238 million pounds of U₃O₈ produced historically, the state offers streamlined permitting, robust infrastructure, and a regulatory framework supportive of ISR operations. As an NRC Agreement State, Wyoming’s efficient permitting process—evidenced by Noble’s rapid drill permit approval for Shirley Central—gives the company a clear path to advance its projects. This jurisdiction, paired with Noble’s undiscovered status, fuels my excitement for its potential.

Why Noble Plains Matters

As an investor drawn to overlooked opportunities, Noble Plains checks all my boxes. Their focus on brownfield projects with extensive historical drilling sets them apart from juniors starting from scratch. By targeting ISR-amenable assets in Wyoming’s proven districts, they’re positioned to deliver value with lower risk and faster timelines. The fact that Noble Plains remains an undiscovered story only adds to its appeal—companies like this, quietly building value before the market catches up, are where I see the biggest upside. With upcoming drill results and resource estimates on the horizon, Noble Plains could be the next big thing in U.S. uranium. For me, it’s exactly the kind of opportunity I love to get in on early.

Disclaimer: I am not a licensed investment advisor and this article is not intended as investment advice. The information provided is based on publicly available data and personal observations. Noble Plains Uranium Corp. is our client, and this relationship may influence the perspective presented. Readers should conduct their own research and consult with a qualified financial advisor before making investment decisions. Investing in junior mining companies involves significant risks, including potential loss of capital.