Business
Eagle Plains to Reorganize Royalty Assets
CRANBROOK BC / ACCESSWIRE / November 9, 2022 / The Board of Directors of Eagle Plains Resou...
About this update from Eagle Plains Resources Ltd.
[{"type":"text","content":"Eagle Plains to Reorganize Royalty AssetsCRANBROOK BC / ACCESSWIRE / November 9, 2022 / The Board of Directors of Eagle Plains Resources Ltd. (TSXV:EPL) (the \"Company\" or \"Eagle Plains\") is pleased to announce the formation of a separate division within the Company in an effort to maximize shareholder value and pursue strategic opportunities. Under the proposed reorganization, specific royalty assets covering a broad spectrum of commodities will be managed by a new, wholly-owned subsidiary of Eagle Plains under the name Eagle Royalties Ltd. (\"ER\")The restructuring is designed to improve the identification and valuation of specific Eagle Plains' royalty interests, and to ultimately enable ER to separately market, finance and develop its various assets while maintaining the ability to acquire additional royalties.The formation of ER will allow for the oversight, direction and management of a significant portfolio of royalty assets located in British Columbia, Yukon and Saskatchewan relating to commodities including gold, silver copper, lead, zinc, rare earth/critical elements (REE's), uranium, graphite, diamonds and industrial minerals. Eagle Plains will continue to focus on its core business model of acquiring and advancing grassroots critical- and precious-metal exploration properties. Work is underway to launch an independent website containing maps and more detailed descriptions of the various royalties under ER management.Tim Termuende, President and CEO of Eagle Plains stated recently: \"we are excited to see the formation of Eagle Royalties and look forward to its evolution. Eagle Plains has been assembling this large royalty portfolio since its formation in 1992 and over the past thirty years has secured royalty interests over a wide range of commodities located in areas of active mining and advanced development such as our flagship AurMac Royalty (gold: Banyan Gold Corp./Hecla Mining), Eskay Creek (gold-silver: Skeena Resources), Patterson Lake South (uranium-Cameco, Denison), Fort a la Corne (diamonds) and numerous other royalties located throughout western Canada. While Eagle Plains has held many of these royalty interests for years, management is of the opinion that their true value is not reflected within the diverse holdings and activities of Eagle Plains and their potential would be more readily identified as ...