Eagle Royalties Launches Website

Rhea-AI Summary

Eagle Plains Resources Ltd. announced the formation of a new division, Eagle Royalties Ltd., to enhance shareholder value by managing royalty assets across British Columbia, Yukon, and Saskatchewan. This strategic move aims to oversee a diverse range of commodities including gold, silver, and rare-earth elements. Eagle Plains has invested over $30M in related projects from 2011 to 2022, with significant advancements in exploration. The company maintains its core focus on grassroots precious and critical metal projects while seeking new royalty opportunities.

Positive

• Formation of Eagle Royalties Ltd. to manage and enhance the value of royalty assets.
• Royalty portfolio includes diverse commodities such as gold, silver, and rare-earth elements.
• Over $30M invested in projects since 2011, facilitating significant exploration advancements.

Negative

• None.

CRANBROOK, BC / ACCESSWIRE / November 28, 2022 / The Board of Directors of Eagle Plains Resources Ltd. (TSXV:EPL) (the "Company" or "Eagle Plains") is pleased to announce progress in advancing Eagle Royalties Ltd. ("ER"), a 100% owned subsidiary of Eagle Plains. ER was recently established as a separate division within the Company to maximize shareholder value and pursue strategic opportunities (see EPL news release November 9^th, 2022).

The formation of Eagle Royalties will allow for the oversight, direction and management of royalty assets located in British Columbia, Yukon and Saskatchewan relating to a broad spectrum of commodities including gold, silver, critical metals, rare-earth elements (REE's), uranium, graphite, diamonds and industrial minerals. The restructuring will enhance the valuation of these extensive royalty interests and enable ER to market and develop its royalty assets while seeking quality additions to the royalty portfolio. Eagle Plains will continue to focus on its core business model of researching, acquiring and advancing grassroots critical- and precious-metal exploration projects in western Canada.

See Eagle Royalties Website here

See AurMac Royalty video here

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. The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and of those, 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 numerous spin-outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and recently Taiga Gold being notable examples.

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.

In late 2022 Eagle Plains announced the formation of a separate division within the Company; Eagle Royalties Ltd. ("ER") which will hold many of Eagle Plains' diverse portfolio of royalty assets. The restructuring will enhance the valuation of Eagle Plains' extensive royalty interests, enabling ER to market and develop its royalty assets while seeking additional royalty acquisition opportunities. Eagle Plains' royalties cover a broad spectrum of commodities on projects controlled by Cameco Corp., Iso Energy Corp., Denison Mines Corp., Skeena Resources Ltd. and Hecla Mining Co./Banyan Gold Corp., among others. Eagle Plains will continue to focus on its core business model of acquiring and advancing grassroots critical- and precious-metal exploration properties.

Expenditures from 2011-2022 on Eagle Plains-related projects exceed $30M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 45,000m 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

"Tim J. Termuende"
President and CEO

For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com 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.

SOURCE: Eagle Plains Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/728556/Eagle-Royalties-Launches-Website

FAQ

What is the purpose of Eagle Royalties Ltd. announced by Eagle Plains Resources?

Eagle Royalties Ltd. is established to manage and enhance the value of Eagle Plains' royalty assets.

What commodities are included in Eagle Plains' royalty assets?

The royalty assets cover gold, silver, rare-earth elements, and other commodities.

How much has Eagle Plains invested in exploration from 2011 to 2022?

Eagle Plains has invested over $30M in exploration projects between 2011 and 2022.

What is the focus of Eagle Plains Resources after the formation of Eagle Royalties?

Eagle Plains will continue focusing on acquiring and advancing grassroots critical and precious metal exploration projects.