By Cranbrook, BC – August 29, 2022 (Investorideas.com Newswire) Eagle Plains Resources (TSX-V-“EPL”) today posted extremely robust financial statements including current working capital of $9,568,554 and includes cash and cash equivalents of $10,180,949. This strong balance sheet can be attributed in part to the sale of the company’s large holdings in the securities of Taiga Gold Corp. during the second quarter, deal flow from third-parties and continuing success from TerraLogic, EPL’s wholly-owned geological contracting company. See EPL’s 2022 Q2 financial statements here.
Eagle Plains has been extremely active in the field this year, carrying out exploration activity on many of its projects, both with the financial support of its partners on optioned properties, and by funding work on its 100% owned projects. See historical expenditures chart here
Crews continue to work in the field on various projects, with TerraLogic staff planning and permitting winter drill programs for third parties, ensuring an active 2022/2023 winter season. A number of deals have recently been announced on our Donna, Dictator and Eldridge projects, providing additional future exploration activity and funding. Drilling is currently underway at EPL’s 100%-owned Vulcan project, targeting world class “Sullivan-type” sedex mineralization. Drill targets for this exciting project have been decades in the making and results are eagerly anticipated by management.
Eagle Plains 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). The Company 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. See “History of Value” chart here
Eagle Plains also holds significant royalty interests in western Canadian projects, covering a broad spectrum of commodities including gold, silver, base-metals, uranium, diamonds and gypsum on projects controlled by Cameco Corp., Iso Energy Corp., Denison Mines Corp., Skeena Resources Ltd. and Alexco Resource Corp./Banyan Gold Corp., among many others. These royalties have the potential to be extremely valuable in the future, and management is working to maximize shareholder value relating to them.
Signed,
“Tim J. Termuende”
President & CEO
For further information, please contact Mike Labach at: 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or Website: www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider 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.
More Info:
This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
