Eagle Plains Announces Conditional Approval of Saskatchewan Property Sale
Eagle Plains Announces Conditional Approval of Saskatchewan
Property Sale
Cranbrook, B.C ., August 28th, 2025: Eagle Plains Resources Ltd. (TSX-V:EPL)
(OTCQB: EGPLF) (“EPL” or “Eagle Plains”) has received conditional approval from
the TSX Venture Exchange for a purchase and sale agreement with Trident Resources
Corp. (TSX-V: ROCK ) (OTCQB: TRDTF ) (“Trident”) on four individual non core
claim blocks in Saskatchewan totalling 16,245 ha, is a non -arms length agreement. The
projects are located in the La Ronge Gold Belt, and are contiguous with Trident’s extensive
land holdings in the area.
Agreement terms
Under the terms of the agreement, Trident will purchase a 100% interest in the properties
for a cash consideration of $14,730, with EPL retaining a 2% Net Smelter royalty on all of
claims.
The agreement is a Non-Arm's-Length transaction, as such term is defined in the TSX
Venture Exchange's 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 . Tim Termuende is a director and officer of Eagle Plains, and is
also a director of Trident.
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 25 per cent of the company's market capitalization).
In accordance with the exchange Policy 5.3, the agreement constitutes a reviewable
transaction, as such transaction involves a non-arm's-length party.
Qualified Persons
Charles C. Downie, P.Geo., a “qualified person” for the purposes of National Instru ment
43-101 - Standards of Disclosure for Mineral Projects and an officer and director of Eagle
Plains, has reviewed and approved the scientific and technical disclosure in th is news
release.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well -funded, prolific project generator that
continues to conduct research, acquire and explore mineral projects throughout western
Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized
economy.
The Company was formed in 1992 and is the fourth-oldest listed issuer on the TSX-V (and
the only one of these four that has not seen a roll-back or restructuring of its shares). Eagle
Plains has continued to deliver shareholder value over the years and through numerous spin
outs has transferred over $100,000,000 in value directly to its shareholders, with Copper
Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest
spinout, Eagle Royalties Ltd. (CSE:“ER”) was listed on May 24, 20 23, and holds a
diverse portfolio of royalty assets throughout western Canada. On July 02, 2025, ER
announced that it had entered into a definitive amalgamation agreement with Summit
Royalty Corp. pursuant to which Summit will “go -public” by way of a reverse takeover
(RTO) of ER. Eagle Royalties shareholders will receive a consideration of $0.18 per ER
share, representing a premium of 47% based on ER’s closing price on June 30, 2025 on the
Canadian Securities Exchange. Completion of the RTO is subject to a number of
conditions, including, but not limited to, Exchange acceptance and required shareholder
approvals of ER and Summit. There can be no assurance that the RTO will be completed
as proposed or at all.
On October 2, 2024, Eagle Plains announced the formation of a separate division within
the Company that will give Eagle Plains’ shareholders direct exposure to strategic
opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle
Plains, Osprey Power Inc. (“OP”) will focus on identifying and advancing innovative
and diverse clean energy project portfolios in target markets throughout Canada, with an
initial focus on Western Canada.
Eagle Plains’ core business is acquiring grassroots critical- and precious-metal exploration
properties. The Company is committed to steadily enhancing shareholder value by
advancing our diverse portfolio of projects toward discovery through collaborative
partnerships and development of a highly experienced technical team.
Expenditures from 2010-2024 on Eagle Plains-related projects exceed $39M, the majority
of which was funded by third -party partners. This exploration work resulted in
approximately 50,000m of diamond-drilling and extensive ground-based exploration work
facilitating the advancement of numerous projects at various stages of development.
Throughout the exploration process, our mission is to help maintain prosperous
communities by exploring for and discovering resource opportunities while building
lasting relationships through honest and respectful business practices.
On behalf of the Board of Directors
“C.C. (Chuck) Downie” P.Geo
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486
8673)
Email: [email protected] or visit our website at https://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding
the timing and content of upcoming work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements.