(EPL.V) has signed an agreement with (SKRR.V) whereby the latter will acquire full ownership of the Manson Bay South claims in Saskatchewan. With this move, SKRR continues to consolidate its position as one of the most aggressive exploration companies in the Trans Hudson Corridor as the company previously dealt with (TGC.C) which was spun out off Eagle Plains.
The Manson Bay South property surrounds the much smaller Manson Bay project and has several mineral showings that indicate why SKRR is so interested in the property. In its press release, Eagle Plains mentions the three most important showings:
Eagle Plains will receive C$10,000 in cash and 750,000 shares of(which is currently trading at C$0.48/share, resulting in a value of C$0.36M for the payment in shares). Eagle Plains will also receive a 2% Net Smelter Royalty, of which half can be repurchased by SKRR for a C$1M cash payment.
Disclosure: The author has no position in Eagle Plains. Eagle Plains is not a sponsor of the website, but , a related company is.
Portofino Resources Enters the Lithium Big Leagues with Argentinian Government Agreement
The Argentinian government made a surprise announcement earlier this month…
Fortuna Announces Share Repurchase Program
VANCOUVER, British Columbia, April 28, 2022 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) ("Fortuna" or the "Company") announced…
BMO Expects Inflation to Cloud over Miners Q1 Results
On April 18, BMO released their first quarter preview on their metals and mining coverage, asking the question “Should We
The post BMO Expects Miners…
Energy & Critical Metals14 hours ago
Nevada Sunrise Receives Final Lithium Analyses from Borehole GEM22-02 – Mineralized Intersection Improves to 1,101 ppm Lithium over 730′
Precious Metals15 hours ago
Five Warning Signs The End Of Dollar Hegemony Is Near… Here’s What Happens Next
Energy & Critical Metals17 hours ago
Wait for Mullen Stock to Give Away Solid-State Battery Partnership Gains
Economics13 hours ago
Why We Must Resist Geoeconomic Fragmentation—And How
Economics4 hours ago
Bloated Inventories Hit Walmart, Target And Other Retailers’ Profits, Trucking Demand
Economics13 hours ago
How Will Utility Stocks Perform in 2022?
Economics15 hours ago
Cracks Appear As Subprime Borrowers Miss Loan Payments Amid Recession Threats
Energy & Critical Metals18 hours ago
Nio’s Product Diversity Makes It a Long-Term Buy