Investor Info
Welcome Investors!
Corporate History
Eagle Plains Resources is a Canadian based mining and exploration company with one operating gold mine and over 35 mineral exploration properties in western Canada.
Eagle Plains has been operating since 1992 and publicly traded since July 1995. The management is made up largely of geologists with a comined 125 years of experience and has a proven ability to to develop joint venture partnerships.
Objective
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The primary corporate objective is to enhance shareholder value by exploring and developing mineral exploration projects. Eagle Plains utilizes revenues from gold production at the Yellowjacket Gold Mine Project and Joint Venture participation to accomplish this objective.
We also continue to add to our project portfolio by acquisition of early-stage exploration properties. Click on the link for an explanation of the grass roots exploration process.
Exploration Projects
Eagle Plains properties include prospects for gold, uranium, silver, copper, molybdenum, zinc, lead, rare earth minerals, gallium and industrial minerals including sodalite and gypsum. Information regarding each of our exploration properties can be found on the projects page. You can sort the properties to be viewed by location, minerallization type and resource type.
Contrarian Strategy
The joint venture interest at the Yellowjacket Gold Mine Project was acquired during the most recent economic downturn while the majority of the mineral exploration properties were acquired during the prolonged industry downturn in the 1990's and early 2000's. Seven of these exploration properties had approximately $38 million in exploration expenditures by previous operators.
Project Generation
Eagle Plains utilizes in-house research and a network of prospectors to identify prospective exploration projects, this accounts for the current porfolio of over 35 projects. These were in large part acquired merely for the cost of staking. As a result of holding over 35 mineral exploration properties, Eagle Plains Resources is considered a successful "Project Generator".
Joint Venture Strategy
Eagle Plains exploration strategy is to employ a combination of gold production revenue and joint venture participation to advance the properties. The intent of the cash-flow is to reduce share dilution while providing operating funds. The exploration joint venture model reduces the risk of exploration while maintaining a significant interest in the property in the event of a discovery. By combining our in-house mineral exploration expertise with the financial committments of our partners as they earn-in, we add significantly to the annual efforts of our mineral exploration program.
Creating Value for Our Shareholders
The next step of our value creation strategy is to spin-off successful exploration projects into new companies. This spotlights their value in order to increase shareholder equity and attract interest from producing companies for acquistion. An example of this spin-off strategy is our Copper Canyon Resources, conducted in June 2006.
Our stock trades on the TSX Venture Exchange (TSX-V) under the symbol EPL.
Plan of Arrangement - Accounting Information
In June 2006, Eagle Plains Resources spun-off it's Copper Canyon , Abo and Severence properties into Copper Canyon Resources, resulting in a 1 for 1 share split. For accounting purposes the cost basis of the Copper Canyon shares is to be 59.35% of the pre-split Eagle Plains share purchase cost.
We have retained an independent & informal opinion of the tax implications to our USA shareholders as a result of the plan of arrangement, click here to view.
Investor Relations Resources
- View our one page project summary brochures for 6 projects:
For more information, please contact:
Mike Labach
Investor Relations Manager
Phone 1.866.HUNT ORE / 1.866.486.8673.
Email mgl@eagleplains.com
.Updated Sept 16, 2009 |
