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M&A / Property

Xcite Uranium to issue 900,000 shares to Eagle Plains

By The Northwire Desk — AI Analysis Mar 12, 2026 · 19:41 XRI · 0.12 Xcite Uranium Inc
XRI · Price

Executive Summary

  • Xcite Uranium Inc. has entered into six individual option agreements with Eagle Plains Resources Ltd. to earn up to an 80% interest in six uranium projects located in the Athabasca Basin, Northern Saskatchewan.
  • The transaction involves the issuance of 900,000 common shares to Eagle Plains, covering a total of 5,905 hectares across the Gulch, Lorado, Smitty, Don Lake, Beaver River, and Black Bay properties.
  • The issued shares are subject to a four-month hold period under Canadian securities laws.

Key Details

  • Counterparty: Eagle Plains Resources Ltd.
  • Consideration: Aggregate of 900,000 common shares of Xcite Uranium Inc.
  • Earn-Interest: Up to 80% interest in the target properties.
  • Target Properties: Six uranium projects totaling 5,905 hectares:
    • Gulch
    • Lorado
    • Smitty
    • Don Lake
    • Beaver River
    • Black Bay
  • Location: Close proximity to Uranium City, Northern Saskatchewan (Athabasca Basin).
  • Share Restrictions: Shares subject to a four-month hold period in accordance with applicable Canadian securities laws.

Notable Quotes

  • None provided in the source text.
Read the original news release →

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