Trident Resources Announces the Acquisition of Claims from Eagle Plains Resources Within the La Ronge Gold Belt in Saskatchewan, Canada
Trident Resources (OTCQB: TRDTF) has announced a strategic acquisition of claims from Eagle Plains Resources within Saskatchewan's La Ronge Gold Belt. The company has acquired 100% interest in 16,245 hectares across four blocks that border its core high-grade gold assets.
The newly acquired properties feature multiple high-priority targets with documented gold showings yielding up to 45.5 g/t Au. The claims are advantageously located, being road-accessible and situated along a high-voltage power transmission line, approximately 30km NE of La Ronge.
Trident maintains a strong financial position with over $11.0M in cash and marketable securities. The acquisition terms include a cash consideration of $14,370 and a 2% NSR royalty with a $1M buy-back option for 1%.
Trident Resources (OTCQB: TRDTF) ha annunciato l'acquisizione strategica di claims da Eagle Plains Resources nella La Ronge Gold Belt, Saskatchewan. La società ha ottenuto il 100% di interesse su 16,245 ettari distribuiti in quattro blocchi che confinano con i suoi principali asset auriferi ad alta legge.
Le proprietà appena acquisite includono molteplici target ad alta priorità con riscontri auriferi documentati fino a 45.5 g/t Au. I claims sono accessibili su strada e si trovano lungo una linea di trasmissione ad alta tensione, a circa 30km a NE di La Ronge.
Trident mantiene una solida posizione finanziaria con oltre $11.0M in contanti e titoli negoziabili. I termini dell'acquisizione prevedono un corrispettivo in contanti di $14,370 e una royalty NSR del 2% con un'opzione di riacquisto per l'1% al prezzo di $1M.
Trident Resources (OTCQB: TRDTF) ha anunciado la adquisición estratégica de concesiones de Eagle Plains Resources dentro de la La Ronge Gold Belt en Saskatchewan. La compañía ha adquirido el 100% de interés en 16,245 hectáreas repartidas en cuatro bloques que lindan con sus activos auríferos principales de alta ley.
Las propiedades adquiridas incluyen múltiples objetivos prioritarios con anomalías de oro documentadas de hasta 45.5 g/t Au. Los claims son accesibles por carretera y están situados a lo largo de una línea de transmisión de alta tensión, a aproximadamente 30 km al NE de La Ronge.
Trident mantiene una posición financiera sólida con más de $11.0M en efectivo y valores negociables. Los términos de la adquisición incluyen una contraprestación en efectivo de $14,370 y una regalía NSR del 2% con una opción de recompra del 1% por $1M.
Trident Resources (OTCQB: TRDTF)는 사스카처원 La Ronge Gold Belt 내에서 Eagle Plains Resources로부터 권리(클레임)를 전략적으로 인수했다고 발표했습니다. 회사는 핵심 고품위 금 자산과 인접한 4개 블록에 걸쳐 16,245헥타르에 대한 100% 지분을 확보했습니다.
신규 취득 부지에는 최대 45.5 g/t Au의 금이 확인된 다수의 우선 타깃이 포함되어 있습니다. 해당 클레임은 도로 접근이 가능하고 고압 송전선 인근에 위치하며 라 롱지에서 북동쪽으로 약 30km 떨어져 있습니다.
Trident는 현금 및 시장성 유가증권으로 $11.0M 이상을 보유하는 등 재무 상태가 탄탄합니다. 인수 조건에는 $14,370의 현금 지급과 2% NSR 로열티가 포함되며, 그중 1%에 대해 $1M에 되사기 가능한 옵션이 있습니다.
Trident Resources (OTCQB: TRDTF) a annoncé l'acquisition stratégique de claims auprès d'Eagle Plains Resources dans la La Ronge Gold Belt, au Saskatchewan. La société a acquis la participation à 100% sur 16,245 hectares répartis en quatre blocs bordant ses principaux actifs aurifères à haute teneur.
Les propriétés nouvellement acquises comprennent plusieurs cibles prioritaires avec des indices d'or documentés atteignant 45.5 g/t Au. Les claims sont accessibles par route et situés le long d'une ligne de transmission haute tension, à environ 30 km au NE de La Ronge.
Trident conserve une position financière solide avec plus de $11.0M en liquidités et titres négociables. Les modalités de l'acquisition incluent une contrepartie en espèces de $14,370 et une redevance NSR de 2% avec une option de rachat de 1% pour $1M.
Trident Resources (OTCQB: TRDTF) hat den strategischen Erwerb von Claims von Eagle Plains Resources in der La Ronge Gold Belt in Saskatchewan bekannt gegeben. Das Unternehmen hat die 100% Beteiligung an 16,245 Hektar in vier Blöcken erworben, die an seine zentralen High-Grade-Goldvorkommen angrenzen.
Die neu erworbenen Liegenschaften weisen mehrere prioritäre Ziele mit dokumentierten Goldfunden von bis zu 45.5 g/t Au auf. Die Claims sind straßenseitig erschlossen und liegen entlang einer Hochspannungsleitung, etwa 30km nordöstlich von La Ronge.
Trident verfügt über eine starke Finanzposition mit über $11.0M in bar und marktfähigen Wertpapieren. Die Übernahmebedingungen sehen eine Barzahlung von $14,370 sowie eine 2% NSR-Royalty vor, mit einer Rückkaufoption für 1% zu $1M.
- Strong financial position with over $11.0M in cash and marketable securities
- Strategic acquisition of 16,245 hectares with documented gold showings up to 45.5 g/t Au
- Properties are road-accessible and located along power transmission line
- Attractive acquisition price of only $14,370 for substantial land package
- 2% NSR royalty includes buy-back option of 1% for $1M
- Transaction is non-arm's length, requiring additional regulatory scrutiny
- Acquisition involves related party transaction with shared director between companies
Vancouver, BC, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) (“Trident” or the “Company”) is pleased to announce that it has signed a non-arm’s length agreement (the “Agreement”) with Eagle Plains Resources Ltd. (“Eagle Plains” or “EPL”) pursuant to which the Company has acquired a
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
Jonathan Wiesblatt, Trident’s CEO, commented: "Our latest land acquisition further adds to Trident’s overall portfolio of highly prospective claims in the La Ronge Gold Belt. The Company is in an excellent financial position to maximize the value of our existing gold projects in addition to adding strategic new claims surrounding our current project portfolio. Trident is well-funded with over
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 shall consist of (a)
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 and therefore constituted a “related party transaction” as such term is defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Tim Termuende is a director of the Company and is also a director and officer of Eagle Plains.
In respect of the requirements of MI 61-101 and Exchange Policy 5.9, the Company relied on the exemptions from the formal valuation and minority approval required under MI 61-101. The Company was exempt from the formal valuation requirement of MI 61-101 in reliance of sections 5.5(b) as no securities of the Company are listed on the specified markets outlined therein. Additionally, the Company was exempt from minority shareholder approval of MI 61-101 in reliance of section 5.7(1)(a) (fair market value not more than
In accordance with the Exchange Policy 5.3, the Agreement constitutes a “Reviewable Transaction”, as such transaction involves a “Non-Arm’s Length” party.
The Agreement is subject to acceptance by the TSX Venture Exchange.
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
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 did Trident Resources (TRDTF) acquire in the La Ronge Gold Belt?
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What is the current financial position of Trident Resources (TRDTF)?
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Is the Eagle Plains acquisition an arm's length transaction for Trident?
