Eagle Nuclear Energy signs binding LOI to acquire Noble Plains Uranium
NUCL•NUCL•NUCL•NUCL•Eagle Nuclear Energy signed a binding letter of intent to acquire all of Noble Plains Uranium in an all-stock deal valuing each Noble Plains share at CAD 0.125, a 92% premium to its October 29, 2026 close. The deal remains subject to a definitive agreement and customary approvals.
Eagle Nuclear Energy signed a binding letter of intent to acquire 100% of Noble Plains Uranium, subject to a definitive agreement. Noble Plains shareholders would receive 0.0167 Eagle shares for each share, representing approximately 4.78% of the combined company; existing Eagle shareholders would own 95.22%.
The acquisition would add two Wyoming projects suitable for in-situ recovery to Eagle’s uranium portfolio. Noble Plains holds an option to acquire an 80% interest in its flagship Duck Creek project, and completion remains subject to customary approvals.
