Eagle Plains Shareholders Approve all Matters at Annual General Meeting
Eagle Plains Shareholders Approve all Matters at Annual General
Meeting
Cranbrook, B.C., December 16th, 2024: Eagle Plains Resources Ltd. ( TSX-V:”EPL”),(the
“Company”) shareholders approved all matters put before them at the C ompany's Annual and
Special Meeting held on December 16th, 2024 at the Company’s offices in Cranbrook, BC.
1. Elected the following directors of the Company for the ensuing year: Charles C. (Chuck)
Downie, Timothy J. Termuende, Jesse T. Campbell, Glen J. Diduck, William R. (Bill)
Bennett and Paul Reynolds;
2. Appointed Crowe MacKay LLP as auditors of the Company for the ensuing year;
3. Passed a resolution approving the renewal of the Company's Stock Option Plan;
Eagle Plains remains active in the junior mining space, with steady project acquisitions and
ongoing exploration projects underway targeting a variety of commodities located in British
Columbia, Saskatchewan, and Yukon. The Company remains financially healthy and currently
holds ~$8.2M cash in treasury, over $1,200,000 in investments, ~$1,500,000 in real estate and
hard assets and carries no debt. TerraLogic Exploration Inc. , EPL’s 100%-owned subsidiary,
continues to generate significant revenue through its mineral exploration consulting activities
for third-party clients in addition to providing valuable intellectual capital to Eagle Plains. The
creation of Osprey Power Inc. positions Eagle Plains with the opportunity to supply clean,
renewable energy to the Canadian power grid.
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 ninth-oldest listed issuer on the TSX-V (and one
of only three 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 numer ous 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, 2023, and ho lds a diverse portfolio of
royalty assets throughout western Canada.
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 Eag le 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 2010-2023 on Eagle Plains -related projects exceed $38M, 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 faci litating 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 of Eagle Plains
“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.