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EagleOne Metals Enters into Letter of Intent to Acquire Poison Springs Uranium/Rare Earths Project
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - EagleOne Metals Corporation (CSE: EAGL) (FSE: IJ2) ("EagleOne" or the "Company") is pleased
About this update from Eagleone Metals Corporation
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - EagleOne Metals Corporation (CSE: EAGL) (FSE: IJ2) (\"EagleOne\" or the \"Company\") is pleased to announce that it has entered into a binding Letter of Intent (the \"LOI\") whereby it will acquire a 100% interest 10 mineral claims comprising 206.6 acres known as the Poison Springs Uranium/Rare Earths Project (the \"Property\" or the \"Project\") located 35 miles south of Hanksville, Utah. Pursuant to the letter of intent, EagleOne will pay the vendors US$50,000 to acquire a 100% interest in the Project upon the execution of a definitive mineral property purchase agreement. The Letter of Intent in subject to a number of conditions, including the entry of a formal agreement with standard representations and warranties, as well as Canadian Securities Exchange acceptance for filing. A limited drill program was conducted on the Property in early 2008 and resulted in several mineralized intercepts. The ore zones identified to date also host copper, silver, cobalt, nickel, neodymium, prasneodymium, and europium. The area contains a number of historic artisan mine workings along outcrops. The area is fairly remote and rugged and would be considered one of the last frontiers for the region. Hatch Canyon is located 10 miles to the east of the Project where Cotter Corporation drilled a large number of holes and intersected widespread mineralization in the area in 1978 and 1979. Drilling also occur in nearby Happy Canyon, Sams Box Canyon, and Twin Corral canyon. Additionally, drilling conducted in 2008 found numerous mineralized intercepts in the area and proposed additional drill targets are located at less than 100 metre depths. These include a Triassic Chinle target with potential copper, vanadium, zinc, nickel, cobalt and REE. Chinle deposits in the southeastern Utah region are responsible for the largest production and grade on a mine versus mine basis when compared to salt wash deposits with the largest Chinle mine producing over 68 million pounds of uranium alone. Disclaimer Readers are cautioned that the discussion about adjacent or similar properties is not necessarily indicative of the mineralization or potential of the Poison Springs Uranium/Rare Earths Project. The Company has no interest in or right to acquire any interest in any such adjacent properties. Abo...