Noble Plains Closes $1,009,600 Non-Brokered Private Placement

About this update from Noble Plains Uranium Corp

Vancouver, British Columbia--(Newsfile Corp. - June 25, 2026) - Noble Plains Uranium Corp. (TSXV: NOBL) (FSE: INE0) (" Noble Plains " or the " Company ") a U.S. focused uranium exploration and development company, is pleased to announce that it has closed the non-brokered private placement (the " Offering ") previously announced on May 20, 2026. The Company issued 10,096,000 units (each, a " Unit ") at a price of $0.10 per Unit for gross proceeds of $1,009,600. The Company is also pleased to report that existing shareholder Ur-Energy Inc. (NYSE: URG) (TSX: URE) (" Ur-Energy "), a leading U.S. uranium producer, participated in the Offering to maintain its pro-rata ownership position in the Company. Ur-Energy, which holds approximately 6.14% of the issued and outstanding common shares of the Company, subscribed for 616,000 Units for gross proceeds of $61,600. The continued support and participation of Ur-Energy, an established in-situ recovery operator in Wyoming, represents a strong vote of confidence in Noble Plains' asset base and strategy. "The ongoing commitment of our existing shareholders, together with the participation of new investors, reflects a shared conviction in the quality of our Wyoming ISR projects as the United States works to unlock a robust domestic nuclear fuel supply chain and secure energy independence," said Drew Zimmerman, CEO of Noble Plains. Each Unit is comprised of one common share of the Company (each, a " Share ") and one-half of one common share purchase warrant. Each whole warrant (each, a " Warrant ") will entitle the holder to acquire one additional Share at a price of $0.15 per Share for a period of two years from the date of issuance. The Warrants are subject to an accelerated expiry provision such that if, at any time following the date that is 61 days after the closing date of the Offering, the closing price of the Common Shares on the TSX Venture Exchange (" TSXV "), or such other market on which the Common Shares may trade from time to time, is at or above $0.30 for ten (10) consecutive trading days, the Company may accelerate the expiry date of the Warrants by issuing a press release announcing the accelerated expiry date. In such event, the Warrants will expire on the fifth (5th) day following the date of such press release. Holders may exercise their Warrants during the period between the date of the press release and the accelerated expiry date. In connection with the Offering, the Company paid cash finder's fees of $10,600 and issued 91,000 non-transferable finder warrants, each exercisable to acquire one Share at a price of $0.15 until June 25, 2028.

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