Business
Eagle Plains Announces Agreement with Kodiak for the Ketch and Portland Properties, Nicola District, BC
CRANBROOK, BC / ACCESS Newswire / October 20, 2025 /Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) ("EPL" or "Eagle Plains") is pleased to announce it has entered into a property purchase agreement, dated October 10, 2025, with Kodiak Copper ...
About this update from Kodiak Copper Corp.
[{"type":"text","content":"CRANBROOK, BC / ACCESS Newswire / October 20, 2025 / Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) ("EPL" or "Eagle Plains") is pleased to announce it has entered into a property purchase agreement, dated October 10, 2025, with Kodiak Copper Corp. (TSXV:KDK)(OTCQB:KDKCF) ("Kodiak") whereby Kodiak will purchase a 100% interest in the Ketch and Portland projects. The aggregate purchase price is 300,000 shares of Kodiak. Eagle Plains will be granted a 2% net smelter return royalty ("NSR") on the claims, with Kodiak retaining the right to buy back 1% of the NSR for $1.75 million.","length":628,"tagName":"p"},{"type":"text","content":"About the Ketch","length":15,"tagName":"p"},{"type":"text","content":"The 1210 ha Ketch and 104 ha Portland properties are located in South-Central British Columbia, 37 km north-northwest of Princeton and 40 km southeast of Merrit, contiguous with Kodiak's MPD Project. The claims are highly prospective for porphyry related copper-gold mineralization. The Ketch claims are immediately adjacent to the Ketchan deposit, a large mineralized zone that forms an important part of the Initial Mineral Resource estimate for Kodiak's MPD project.1 The property is positioned 3 km east of highway 5A and is accessible via a well-maintained network of roads and is bisected by a high-powered transmission line. Project tenures were acquired through staking as well as purchase agreements with arms-length third parties.","length":748,"tagName":"p"},{"type":"text","content":"See Ketch and Portland Property Information and Map HERE","length":56,"tagName":"p"},{"type":"text","content":""We are very pleased to have reached an agreement with Kodiak to help them further consolidate the MPD Project.", said Jesse Campbell, Vice President of Exploration. "We have been impressed with Kodiak's ability to make discoveries and accretive acquisitions at MPD and are confident they have the regional expertise and resources to reveal the mineral potential of Ketch. This agreement represents a solid return on investment for Eagle Plains while maintaining upside exposure with our equity position in Kodiak and a royalty. Marketable securities, which had value of $1.89 million as of June 30, 2025, contribute significantly to the strength of our balance sheet. We look forwa...