Eagle Plains Res Stock Price, News & Analysis

Eagle Plains Resources (OTCQB:EGPLF) has announced two key developments. First, the company has entered into a purchase and sale agreement with Trident Resources for four non-core claim blocks totaling 16,245 hectares in the La Ronge Gold Belt. The deal involves a cash payment of $14,730, with Eagle Plains retaining a 2% Net Smelter royalty on all claims.

Additionally, Eagle Plains has granted 2,270,000 incentive stock options to directors, employees, and key consultants at an exercise price of $0.18 per share, expiring August 8th, 2030.

Eagle Plains Resources (OTCQB:EGPLF) has announced that its partner Sun Summit Minerals has approved the 2025 exploration plan for the Theory copper-gold project in British Columbia's Toodoggone Mining District. The program, set to begin in late August 2025, will focus on identifying drill targets through prospecting, geological mapping, and geochemical sampling, with a minimum budget of $200,000.

The 9,676-hectare Theory Project, owned 100% by Eagle Plains, is strategically located near Thesis Gold's Ranch Project and within 10km of Sun Summit's JD Project. Historical exploration has revealed promising results, including samples with up to 8.2 g/t Au, 195 g/t Ag, and 6.2% Cu at the DM occurrence. The property encompasses the highly prospective Jurassic-Triassic unconformity, known as the 'Red-Line', which correlates with many deposits in the Golden Triangle and Toodoggone regions.

Eagle Plains Resources (OTCQB:EGPLF) has received conditional TSX Venture Exchange approval to extend the expiry date of 2,220,750 outstanding common share purchase warrants by 12 months. The warrants, originally issued in August 2023, will now expire on August 2nd, 2026 instead of August 2nd, 2025.

The warrants maintain their original exercise price of 30 cents and include an acceleration clause allowing early expiry if the company's stock trades at or above $0.50 for 20 consecutive trading days, with a 30-day notice period for holders to exercise.

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.