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Eagle Royalties Ltd. (Symbol: ERYTF) is a royalty company with over 50 royalty interests in western Canada covering critical metals, precious metals, uranium, industrial minerals, and diamonds. Initially a subsidiary of Eagle Plains Resources Ltd., ER was spun out in 2023 to manage diverse royalty holdings. The company listed on the Canadian Securities Exchange in 2023 and currently benefits from partnerships with major industry players like Cameco Corp., Iso Energy Corp., Denison Mines Corp., Skeena Resources Ltd., and Banyan Gold Corp.
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 Royalties (CSE: ER) reports that Eagle Plains Resources (TSX-V: EPL) has completed 2024 fieldwork at the Adamant property in British Columbia. The 10,080ha property, located 80 km NE of Revelstoke, hosts Rare Earth Element (REE) mineralization in various geological formations. Eagle Royalties holds a 2% NSR on the claims, with Eagle Plains retaining a buyback option.
The 2024 fieldwork, conducted by TerraLogic Exploration , focused on extending known mineralized zones and evaluating additional targets. The program generated 23 rock samples and 2 stream-silt samples, along with scintillometer survey traverses. Key areas of interest included the Kin Far West Zone and the Amy-Carmen Trend, where previous sampling yielded significant REE concentrations. Analytical results from the 2024 fieldwork are pending.
Eagle Royalties (CSE:ER) reports that operator Eagle Plains Resources (TSXV:EPL) has completed an airborne geophysical survey at the Pine Channel Gold Project in Saskatchewan. The survey, conducted by Precision GeoSurveys and managed by Terralogic Exploration, covered 267 line kilometers at 75m spacing.
Highlights of the Pine Channel project include:
- Ten new trends identified, offering new target extensions
- Excellent access via existing winter road
- Recently received exploration permit for advanced activities
- Historical drilling intercepts of up to 407.96 g/t Au over 0.5m
The property hosts numerous gold occurrences with grab samples up to 870 g/t Au. The mineralization is related to northwest/southeast trending shear zones. Eagle Royalties holds a 2% NSR on the majority of claims, which can be reduced to 1% for CDN $1,000,000.
Eagle Royalties announced that Eagle Plains Resources has begun mobilization for the Mount Polley West (MPW) Project in central British Columbia. The MPW Project spans 5,246 hectares and is 100% owned by Eagle Plains. Eagle Royalties holds a 2% net smelter royalty (NSR) on certain claims within the MPW Project, with an option for Eagle Plains to buy back 1% of the NSR for $1 million. The mobilization marks a significant step in the development of the MPW Project, potentially increasing the value of Eagle Royalties' holdings and impacting future revenues.