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Eagle Plains Completes Sale Agreements for Four Saskatchewan Uranium Regions-Athabasca Basin Area
CRANBROOK, BC / ACCESSWIRE / November 4, 2021 / Eagle Plains Resources Ltd. (TSXV:EPL) ("EPL...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"Eagle Plains Completes Sale Agreements for Four Saskatchewan Uranium Regions-Athabasca Basin AreaCRANBROOK, BC / ACCESSWIRE / November 4, 2021 / Eagle Plains Resources Ltd. (TSXV:EPL) (\"EPL\" or \"Eagle Plains\") has completed four separate agreements with unrelated third-parties for the sale by Eagle Plains of a 100% interest (subject to retained NSR interests where applicable) in four separate groups of claims located in the Athabasca Basin region of Saskatchewan as specified below. In each case, the claims were not considered by EPL management to be core holdings. Eagle Plains continues to hold a number of significant uranium holdings in the region.See Eagle Plains Resource's Saskatchewan uranium holdings hereTransaction Highlights:Cable Bay area: Uranium Energy Corp.- 9 dispositions, 4,067 ha.Consideration: 64,149 UEC common shares.Lazy Edward Bay area: ALX Resources Corp.- 9 dispositions, 2,410 ha.Consideration: 600,000 ALX common shares, 2% NSR* to Eagle Plains.Pine Channel South area: Pegasus Resources Inc.-1 disposition, 211 ha.Consideration: 500,000 PEGA common shares, 2% NSR* to Eagle Plains.Bell Lake/Kernaghan Lake area: IsoEnergy Inc.- 2 dispositions, 904 haConsideration: CDN$25,000 cash, 2% NSR* to Eagle Plains.*subject to 1% buy-down upon CDN$1,000,000 payment to EPLTim Termuende, P.Geo., President and CEO of Eagle Plains commented recently on the transactions: \"we are pleased to have concluded the recent sales of specific uranium dispositions in various areas of the Athabasca Basin in Saskatchewan. As many of the claims were not individually significant to Eagle Plains, in most cases, they were strategically located and formed important \"pieces of the puzzle\" to purchasers who have existing contiguous claim packages. By completing the transactions while retaining significant royalty interests in most cases and by receiving shares in partner companies currently valued at approximately CDN$460,000, Eagle Plains has essentially mitigated all risk inherent with exploration of the projects, but maintains considerable upside exposure\"About Eagle Plains ResourcesBased in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward disco...