Eagle Nuclear Energy to Acquire Noble Plains Uranium at 92% Premium to Pre-Deal Price

Eagle Nuclear Energy Corp., the Nasdaq-listed uranium developer trading under the ticker NUCL, has signed a binding letter of intent to acquire Noble Plains Uranium Corp. (TSXV: NOBL), a U.S.-focused uranium exploration and development company. The proposed deal values Noble Plains shares at C$0.125 each, representing a 92% premium to the stock's closing price of C$0.065 on October 29, 2026.

For Eagle Nuclear, which went public on Nasdaq in February 2026 following a business combination with Spring Valley Acquisition Corp. II, the deal is described as a strategic expansion of its domestic uranium resource portfolio. Noble Plains holds U.S. uranium assets including the Shirley Central project, which borders an operation run by Ur-Energy, a shareholder of Noble Plains that also holds a non-binding processing LOI for the project.

The transaction remains subject to the execution of a definitive agreement and customary closing conditions. No timeline for closing was disclosed in the announcement.