Eagle Nuclear Energy signs binding LOI to acquire Noble Plains Uranium in all-stock deal
Eagle Nuclear Energy entered a binding letter of intent dated October 30, 2026 to acquire all outstanding shares of Noble Plains Uranium (TSXV: NOBL) in exchange for Eagle common stock, at an offer price of CAD $0.125 per share. The definitive agreement is not yet signed, and the filing states there is no assurance the deal will be completed on these terms, so shareholders face a transaction that could change Eagle's share count and resource base.
Key points
- Offer price of CAD $0.125 per Noble Plains share, a premium of about 92% to the CAD $0.065 TSXV close on October 29, 2026.
- Existing Eagle stockholders would hold about 95.22% of Eagle and former Noble Plains shareholders about 4.78%, on an issued and outstanding share basis.
- Share issuance is expected not to exceed 5,907,109 shares, or 19.9% of Eagle common stock outstanding before October 30, 2026.
- Parties must aim to sign a definitive agreement within 60 days; Eagle agreed to a secured bridge loan of up to CAD $500,000, with CAD $150,000 to be advanced after conditions are met, and a US$400,000 break fee applies in specified circumst
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.