Northwire Canada EditionMonday, November 2, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Eagle Plains partner begins fieldwork at Uranium City

Eagle Plains advances its Uranium City portfolio with Xcite partner fieldwork, expanding exploration efforts at the project.

By The Northwire Desk — AI Analysis Jun 15, 2026 · 14:09 EPL · 0.195 Eagle Plains Resources Ltd.
Executive Summary
  • Xcite Uranium has secured regulatory permits and mobilized crews to commence the 2026 exploration program at Eagle Plains' Uranium City projects in Saskatchewan.
  • The $1.6M field program will utilize airborne/ground geophysics, drone surveys, and radon mapping to identify targets for fall 2026 diamond drilling.
  • Xcite holds an option to earn up to an 80% interest in six projects by completing $3.2M in expenditures, issuing 4.5M shares, and paying $330k in cash, with Eagle Plains retaining a 2% NSR royalty.
  • This announcement follows prior releases detailing VTEM Plus survey results and permit applications, confirming the transition from data acquisition to ground-based fieldwork.
Material Impact
  • The news represents an expected operational milestone in a previously disclosed, partner-funded exploration program.
  • It does not constitute a material event such as a resource definition, major financing, or M&A.
  • The stock has traded in a tight $0.19–$0.22 range since early May, indicating the market has already priced in this exploration progress.
  • Rating: Routine - Positive. The announcement validates execution but carries no immediate financial or operational impact beyond continued dilution from option share issuances.
EPL · Price
Company Overview
  • Eagle Plains is a project generator and exploration services company.
  • Strategy: Acquire properties, advance them via third-party option agreements (funded by partners), and retain royalties/equity.
  • Key assets: Uranium City projects (SK), Theory Copper-Gold (BC), Iron Range Gold (BC), George Lake Zn-Pb (SK), Dufferin West Uranium (SK).
  • Operates TerraLogic Exploration for third-party drilling and consulting, which currently drives the majority of revenue.
Read the original news release →

More from Eagle Plains Resources Ltd.

Oct 20, 2026 · 18:31

Eagle Plains continues its project generator model despite partner financing failures that highlight the inherent risks of exploration funding.

M&A / Property Oct 20, 2026 · 16:00

Eagle Plains divests non-core Saskatchewan claims for nominal cash, one million APMI shares, and a 2.5% net smelter return.

M&A / Property Oct 05, 2026 · 04:00

Eagle Plains advances Black Bay uranium drilling with the Xcite option remaining a key catalyst for the project.

Drill Results Sep 29, 2026 · 07:00

Eagle Plains completes theory project fieldwork, awaiting assay results to determine the next development catalyst for its exploration targets.

Drill Results Sep 28, 2026 · 04:00

Eagle Plains advances uranium and critical metals projects through partner-funded drilling supported by a strong balance sheet.

Drill Results Sep 17, 2026 · 04:00

Eagle Plains reports preliminary gamma hits at Don Lake, underscoring early-stage uranium exploration with no chemical assays yet.

Drill Results