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Trident Resources Announces Closing of Purchase of Additional 4,711 Hectares at the Contact Lake Gold and Greywacke Gold Projects
Vancouver, BC, April 21, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) (“Trident” or the “Company” or the “Optionee”) is
About this update from Trident Resources Corp.
[{"type":"text","content":" Vancouver, BC, April 21, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) (“Trident” or the “Company” or the “Optionee”) is pleased to announce that, further to its news release dated February 26, 2026, it has received TSX Venture Exchange approval and closed the transaction with respect to the property purchase and sale agreement dated February 25th, 2026 (the “Agreement”) with Eagle Plains Resources Ltd.(“Eagle Plains” or the “Vendor”) pursuant to which the Company shall acquire up to 100% interest in 7 individual mineral dispositions that total approximately 4,711 hectares (ha) within the La Ronge Gold Belt in Northern Saskatchewan, Canada. Acquisition Highlights: Attractive acquisition price consisting of small cash payment Highly prospective mineral dispositions that are contiguous with Trident’s core high-grade gold projects of Contact Lake and Greywacke Lake Multiple high priority targets on the newly acquired dispositions that are on trend with our main assets in the La Ronge Gold Belt Trident’s Project Location Map: Agreement Terms – Payments and Commitments: The Vendor grants to the Company the sole and exclusive right to acquire 100% right, title and interest in and to the Property, in accordance with the terms of this Agreement by satisfying the following conditions: paying to the Vendor C$5,000 on the closing date; and granting the Vendor a 2.0% net smelter returns royalty of which the Company may purchase at any time one-half, being 1.0%, for C$1,000,000. The property option agreement with Eagle Plains involves a “Non-Arm’s Length Party” as such term is defined in Exchange Policy 1.1; Timothy Termuende is a director of Trident and is also a director of Eagle Plains. The transaction is not a “related party transaction” as such term is defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), as stated in the Company’s news release dated February 26, 2026. The transaction is not subject to disinterested shareholder approval. Qualified Person: The scientific and technical data contained in this news release was reviewed and approved by Cornell McDowell, P.Geo., the Company’s VP of Exploration and a “qualified person” under the National Instrument 43-101 - Standards of Disclosure of Mineral Projects. About Tri...