Trident Resources Announces Closing of the Acquisition of Claims from Eagle Plains Resources Within the La Ronge Gold Belt in Saskatchewan, Canada

Rhea-AI Summary

Trident Resources (OTCQB:TRDTF) has completed the acquisition of strategic mining claims from Eagle Plains Resources within the La Ronge Gold Belt in Saskatchewan, Canada. The acquisition encompasses 16,245 hectares across four blocks adjacent to Trident's core high-grade gold assets.

The newly acquired properties are strategically located along a high-voltage power transmission line, approximately 30km NE of La Ronge. The claims have shown promising gold mineralization, with samples yielding up to 45.5 g/t Au. The purchase terms include a cash consideration of $14,370 and a 2% NSR royalty with a $1M buy-back option for 1%. Notably, Trident maintains a strong financial position with over $11.0M in cash and marketable securities.

Positive

• Strategic acquisition of 16,245 ha adjacent to existing high-grade gold assets
• Strong financial position with over $11.0M in cash and marketable securities
• Properties show high-grade gold potential with samples up to 45.5 g/t Au
• Favorable infrastructure with road access and proximity to power transmission line
• Relatively low acquisition cost of $14,370 for substantial land package

Negative

• Transaction is not at arm's length due to overlapping directorship
• 2% NSR royalty obligation on all claims

News Market Reaction

+0.97%

1 alert

+0.97% News Effect

On the day this news was published, TRDTF gained 0.97%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, BC, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) (“Trident” or the “Company”)  is pleased to announce that, further to its news release dated August 12, 2025, it has closed the transaction with Eagle Plains Resources Ltd. (“Eagle Plains” or “EPL”) pursuant to which the Company has acquired a 100% interest in a number of dispositions comprising 16,245 ha in four individual blocks (the “Properties”) that border the Company’s core high-grade gold assets within the highly prospective La Ronge Gold Belt. The road-accessible claims are located along a high-voltage power transmission line and are centered approximately 30km NE of La Ronge, Saskatchewan.

Acquisition Highlights:

• Attractive acquisition price, (see Agreement Terms, below);

• Highly prospective land package with numerous showings proximal to Trident’s core high-grade gold projects of Contact Lake and Greywacke;

• Multiple high priority targets on the newly acquired property that are on trend with our main assets; with numerous documented gold showings returning values ranging from trace mineralization to up to 45.5 g/t Au; and
• The Company has over $11.0M in cash and marketable securities on its balance sheet. Trident is fully funded for its upcoming summer drilling program at its flagship Contact Lake Gold Project and is in a great position to unlock value and create significant shareholder value.

Plan View Map:
https://www.tridentresourcescorp.com/_resources/news/La-Ronge-Area-Projects-Trident-Only_20250801.jpg

Geological Summary:

The newly acquired claims are underlain by the northeast-trending La Ronge Domain Central Metavolcanic Belt supracrustal rocks that consist of mafic to intermediate pyroclastics and flows. Numerous gold showings are documented within the newly acquired claims and typically consist of pyrite and associated gold mineralization within rusty, vuggy quartz veining hosted within a sheared sequence of andesitic to dacitic rocks and granitic plugs.

Agreement Terms – Payments and Commitments:

The purchase price payable by the Company to Eagle Plains for the Properties consists of (a) $14,370 (the “Cash Consideration”) and (b) the NSR Royalty. The Royalty is subject to a 2% NSR on all 24 claims with a buy-back of $1M for 1%.

The Agreement is not an “Arm’s Length Transaction” as such term is defined in the TSX Venture Exchange’s (the “Exchange”) Policy 1.1.  Tim Termuende is a director of the Company and is also a director and officer of Eagle Plains.

Qualified Person:

The scientific and technical data contained in this news release was approved by Cornell McDowell, P.Geo., a non-independent “qualified person” under the National Instrument 43-101 Standards of Disclosure of Mineral Projects.

About Trident Resources Corp.:

Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The Company is advancing its 100% owned Contact Lake and Greywacke Lake projects which host significant historical gold resources located within the prospective and underexplored La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project which contains a historical copper resource.

To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company’s website at www.tridentresourcescorp.com

Trident Resources Corp.

Jonathan Wiesblatt, Chief Executive Officer
Email: Jon.Wiesblatt@tridentresourcescorp.com

For further information contact myself or:
Andrew J. Ramcharan, PhD, P.Eng., Corporate Communications

Trident Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@tridentresourcescorp.com


NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-Looking Information and Statements

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements.  Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedarplus.ca for further information.

FAQ

What properties did Trident Resources (TRDTF) acquire in the La Ronge Gold Belt?

Trident acquired 16,245 hectares across four individual blocks from Eagle Plains Resources, located approximately 30km NE of La Ronge, Saskatchewan. The properties border Trident's existing Contact Lake and Greywacke gold assets.

How much did Trident Resources pay for the La Ronge Gold Belt claims?

Trident paid $14,370 in cash and agreed to a 2% NSR royalty with a buy-back option of $1M for 1% of the royalty.

What is the geological potential of Trident's newly acquired properties?

The properties contain numerous gold showings with values ranging from trace mineralization to up to 45.5 g/t Au, located within the La Ronge Domain Central Metavolcanic Belt supracrustal rocks.

What is Trident Resources' current financial position?

Trident has over $11.0M in cash and marketable securities on its balance sheet and is fully funded for its upcoming summer drilling program at Contact Lake Gold Project.

Are there any conflicts of interest in Trident's La Ronge acquisition?

Yes, the transaction is not at arm's length as Tim Termuende serves as both a director of Trident Resources and a director/officer of Eagle Plains Resources.