Eagle Plains Res Stock Price, News & Analysis

Eagle Plains Resources (OTCQB:EGPLF) has received conditional TSX Venture Exchange approval to extend the expiry dates of two sets of warrants. The first extension involves 3,785,529 warrants from July 2022, currently expiring July 11th, 2025, to be extended to July 11th, 2026, with an exercise price of $0.25. The second application concerns 2,220,750 warrants from August 2023, seeking extension from August 2nd, 2025 to August 2nd, 2026, with an exercise price of $0.30.

Both warrant sets maintain their acceleration clauses, which can be triggered if the company's stock trades at or above $0.50 for 20 consecutive trading days, requiring exercise within 30 days of notice.

Eagle Plains Resources (OTCQB:EGPLF) announced that its partner Earthwise Minerals has begun 2025 fieldwork at the Iron Range Project in British Columbia. The 21,437ha project, owned 100% by Eagle Plains, is being explored for gold-silver, iron-oxide copper-gold, and Sullivan-style lead-zinc-silver mineralization.

Previous drilling highlights include 14.0m grading 5.1g/t gold and 7.1m grading 8.13g/t gold at the Talon Zone. Under the option agreement, Earthwise can acquire up to 80% interest in the project through cash payments, share issuances, and completing CA$4,000,000 in exploration expenditures over four years.

Earthwise Minerals Corp. (CSE:WISE) has initiated 2025 fieldwork at the Iron Range Gold Project in British Columbia, where it has an option to acquire up to 80% interest from Eagle Plains Resources (OTCQB:EGPLF). The 21,437ha project shows potential for gold-silver, IOCG, and Sullivan-style lead-zinc-silver mineralization.

The exploration program includes two phases, focusing on the Pyromorphite Zone, where historical samples showed significant results including 54.7 g/t Au and 42.2 g/t Ag. Previous drilling at the Talon Zone yielded notable intersections, including 14.0m grading 5.1g/t gold and 7.0m grading 51.52g/t gold.

Under the option agreement, Earthwise must make CA$250,000 in payments, issue 1.5M shares, and fund CA$4M in exploration over four years for 70% interest, with an additional option for 80% requiring CA$1M payment and completion of a bankable feasibility study.

Eagle Plains Resources (OTCQB:EGPLF) has expanded its Exploration Agreement with Ya'thi Néné Lands and Resource Office (YNLR) to include the George Lake Project. The agreement covers mineral exploration in Nuhenéné, the traditional territory of the Athabasca First Nations in Treaty 8 and Treaty 10 Territories.

The partnership promotes employment, training opportunities, and environmental stewardship while ensuring community participation through northern business contracting and community trust contributions. Eagle Plains currently holds 100% interest in 48 projects covering approximately 110,797 hectares of mineral dispositions in Saskatchewan, plus a 25% stake in the 12,951-hectare Olson Gold Project.

Eagle Plains Resources (OTCQB:EGPLF) and Xcite Resources have amended six agreements regarding XRI's Athabasca uranium property portfolio. The amendments postpone $60,000 in cash payments and $300,000 in work commitments from December 31, 2024, to September 30, 2025. As compensation, Xcite will issue 150,000 common shares to Eagle Plains.

The six uranium projects are located in the historic Beaverlodge District near Uranium City, Saskatchewan. The area was Canada's first uranium producer, with historic production of 70.25 million pounds of U3O8 between 1950-1982, averaging 0.23% U3O8. The projects include Beaver River, Black Bay, Don Lake, Gulch, Larado, and Smitty, featuring multiple uranium occurrences with historical high-grade samples.

Eagle Plains Resources (OTCQB:EGPLF) announced that its partner Refined Energy Corp has filed a NI 43-101 technical report for the Dufferin Project in the Athabasca Basin. The report recommends a drill program of minimum 4 holes and 1,250 metres for the Dufferin West targets, with a proposed budget of $2,062,500.

The highest priority target features a conductor associated with the Virgin River Shear Zone, extending from the unconformity at the sandstone contact into the basement rocks. The depth of sandstone cover above the unconformity is estimated at less than 200m. The project's location is significant, being approximately 18 km south of Cameco's Centennial deposit, where historic drilling intersected 8.78% U3O8 over 33.9 metres.

Under the option agreement, Refined can acquire up to 75% interest in the 10,140ha Dufferin Project through a two-phase process. The first phase allows acquisition of 60% interest for CA$275,000, 1,000,000 shares, and CA$2.6M in exploration by 2026. The second phase permits an additional 15% interest for CA$500,000, 500,000 shares, and CA$3M in exploration by 2028. Eagle Plains will retain a 2% smelter returns royalty, with 1% repurchasable for CA$2M.

Additionally, Eagle Plains reported that Annacotty Resources Corp. has terminated its option on the company's 100% owned Donna property in BC.

Eagle Plains Resources (OTCQB:EGPLF) has applied to the TSX Venture Exchange to extend the expiry date of 3,785,529 outstanding common share purchase warrants by 12 months. The warrants, originally issued during a non-brokered private placement in July 2022, are currently set to expire on July 11th, 2025.

The company seeks to extend the expiry to July 11th, 2026, while maintaining the current exercise price of $0.25 per warrant and the acceleration clause. The acceleration clause allows Eagle Plains to expedite expiry if the stock trades at or above $0.50 for 20 consecutive trading days, giving warrant holders 30 days notice to exercise.

Eagle Plains Resources (TSXV:EPL, OTC:EGPLF) has initiated fieldwork on its 100%-owned Black Diamond Property in British Columbia, focusing on antimony and precious metal exploration. The 866-hectare property features the Black Diamond structural zone, which extends over 12km and contains high-grade polymetallic mineralization.

Historical drilling highlights include intersections of 93.73 g/t silver, 9.66% lead, and 5.17% zinc over 3.0m. Notable historical samples from the Silver Spray Zone returned values up to 3.19g/t Au, 2,813.2 g/t Ag, and 7.44% Sb. The 2025 work program will include soil sampling and prospecting, targeting antimony and precious metal mineralization.

Additionally, the company holds the 2,084-hectare Snowstorm Property in the Slocan Mining Camp, which has shown high-grade samples including 144 g/t gold and 158 g/t silver at the Lakeview occurrence.

Eagle Plains Resources and Tana Resources have entered into an option agreement for the Mount Polley West copper-gold project in British Columbia. Under the agreement, Tana can acquire up to 75% interest in the 7,407-hectare property located 54km north-northeast of Williams Lake. The First Option allows Tana to acquire 60% interest by paying CA$250,000, issuing 2.75M shares, and funding CA$3M in exploration over four years. A Second Option for an additional 15% interest requires completing a bankable feasibility study by 2031. The property shows promising exploration results, including historical trenching that returned 1.12% Cu over 35m and multiple mineralized intrusions similar to the Mount Polley Intrusive Complex. Eagle Plains will serve as the operator and retain a 2% smelter return royalty, 1% of which can be repurchased for CA$1M.