Drill Results
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.

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.
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Jul 03, 2026 · 17:00