Eagle Plains Res - EGPLF STOCK NEWS

Eagle Plains Resources (TSX-V:EPL) shareholders approved all matters at the Annual and Special Meeting held on December 16th, 2024, in Cranbrook, BC. The approved matters included: election of six directors, appointment of Crowe MacKay LLP as auditors, and renewal of the Company's Stock Option Plan.

The company maintains a strong financial position with $8.2M cash, over $1.2M in investments, and approximately $1.5M in real estate and hard assets, operating debt-free. Their wholly-owned subsidiary, TerraLogic Exploration Inc., continues generating revenue through mineral exploration consulting. The company remains active in junior mining with ongoing exploration projects across British Columbia, Saskatchewan, and Yukon, while also venturing into renewable energy through Osprey Power Inc.

Eagle Royalties (CSE:ER) announced that Eagle Plains Resources (TSX-V:EPL) has sold the Slocan Graphite Project in southern British Columbia to Weaver Energy Corp., a private Ontario-based company. Eagle Royalties maintains a 2% net production royalty on the property, with Eagle Plains retaining the option to purchase 1% of the royalty for CDN$1,000,000. Weaver Energy will assume all royalty obligations related to the Project.

Eagle Plains Resources (TSXV:EPL) has announced the sale of its Slocan Graphite Project to Weaver Energy Corp., a private Ontario company. The purchase agreement, effective December 06, 2024, includes a $150,000 cash payment and a 0.5% net production royalty (NPR) granted to Eagle Plains. The claims are subject to an existing 2% NPR Royalty held by Eagle Royalties

Eagle Plains Resources has announced results from its 2024 field program at the 100%-owned Snowstorm Property in British Columbia. The program confirmed high-grade, vein-hosted Au-Ag-Pb mineralization over a 1.7km strike length. Notable findings include Pine Tree vein sample returning 76.30 g/t Au, 56.30 g/t Ag, and 30.30% Pb, and Snowstorm trench sample yielding 2.64 g/t Au, 174.00 g/t Ag, 13.55% Pb. The company has expanded its property package to 2084 ha through additional claim staking. The property, located within the historic Slocan Mining Camp, contains 8 BC Minfile occurrences and shows potential for both high-grade veins and bulk-tonnage mineralization.

Eagle Royalties has announced two key appointments: Stephen Kenwood as independent director and Brent Bonney to the Advisory Board. Kenwood brings over 35 years of mineral exploration experience and previously served as director at Ely Gold Royalties until its CDN $300M acquisition by Gold Royalty Corp. Bonney, former Vice President of Corporate Development at Maverix Metals (acquired by Triple Flag Precious Metals for US$600M), joins Glen Diduck on the Advisory Board. The company has also granted 700,000 incentive stock options at $0.30 per share, expiring November 13th, 2029.

Eagle Royalties reports encouraging drill results from the AurMac gold project in Yukon, where it holds royalty interests ranging from 0.5% to 2.0%. Banyan Gold's drilling program revealed significant gold intercepts across 13 holes in the Powerline resource area, subject to Eagle's 1% net smelter return royalty. Notable results include intersections of visible gold and high-grade intervals, with highlights such as 197.0m grading 0.72 g/t Au and exceptional grades of 539.30 g/t over 0.2m. Banyan completed 118 drill-holes totaling over 21,000m in 2024, with test recoveries showing 93% at Powerline and 90% at Airstrip using conventional mill processing.

Eagle Plains Resources (TSXV:EPL) and Ya'thi Néné Lands and Resource Office (YNLR) have signed an Exploration Agreement for mineral exploration in Nuhenéné, the traditional territory of the Athabasca First Nations. The agreement covers six uranium exploration projects in the Lake Athabasca region, which are under option to Xcite Resources Inc. The partnership promotes employment, training opportunities, and environmental stewardship while ensuring community participation through YNLR's Community Land Technicians. Eagle Plains currently holds 19 uranium projects totaling 54,598 ha of mineral dispositions in Saskatchewan.

Eagle Plains Resources (TSXV:EPL) announces that partner Refined Energy Corp (RUU)(RFMCF)(CWA0) has started 2024 work on the Dufferin Project in Saskatchewan. The project, consisting of North and West Dufferin properties, is located near Cameco's Centennial Deposit. Planned work includes an airborne MobileMT geophysical survey at Dufferin North and interpretation of historical geophysical data at both sites.

Refined Energy has the option to acquire a 75% interest in the project. The partners have also acquired an additional 2,837 hectares at Dufferin West, expanding the project to 10,140 hectares. The Dufferin Project is prospective for uranium mineralization near the Virgin River Shear Zone. To exercise the option, Refined must make cash payments, share issuances, and fund exploration expenditures in two phases, potentially granting Eagle Plains a 2% smelter returns royalty.

Eagle Plains Resources (TSX-V:EPL) has announced the formation of a new subsidiary, Osprey Power Inc. (OP), focused on advancing clean energy projects in Canada. This strategic move aims to give shareholders direct exposure to opportunities in the Canadian green energy transition. Osprey Power will be led by Jared Sproule, who brings over 17 years of experience in renewable energy project development.

Key strengths of Osprey Power include an experienced management team, flexibility to pursue opportunities quickly, innovative approaches to increase project value, and a community-focused strategy. The company will initially focus on Western Canada, targeting wind, solar, battery energy storage systems (BESS), and small hydro projects.

Eagle Plains will continue its core business of mineral exploration while leveraging synergies between mineral exploration and renewable energy projects. The company sees this expansion as an opportunity to become a premier supplier of green energy projects in response to the growing demand for renewable energy options in Canada.