Eagle Plains Resources (EPL.V) has received the conditional approval from the TSX Venture Exchange to enter into a purchase and sale agreement with Trident Resources (ROCK.V) for four claim blocks in Saskatchewan. EPL required this approval as both companies have a director in common.
Eagle Plains will receive C$14,730 in cash and will retain a 2% NSR on the blocks that have been sold.
In other news, the company also announced that its partner Sun Summit Minerals (SMN.V) has mobilized the exploration crews to kick off the 2025 fieldwork program on the Theory project in British Columbia. The Theory project is located in close vicinity to another project owned by Sun Summit and it borders the Ranch gold project, owned by Thesis Gold. As previously disclosed, the 2025 budget will exceed the minimum required exploration expenditures of C$200,000, as stipulated in the earn-in agreement with Sun Summit.
Disclosure: The author has a small long position in Eagle Plains Resources. Eagle Plains is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
