TRDTF Mergers

Trident Resources Announces the Acquisition of Claims from Eagle Plains Resources Within the La Ronge Gold Belt in Saskatchewan, Canada

Published August 12, 2025 at 11:00 AM

Vancouver, BC, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) (“Trident” or the “Company”) is pleased to announce that it has signed a non-arm’s length agreement (the “Agreement”) with Eagle Plains Resources Ltd. (“Eagle Plains” or “EPL”) pursuant to which the Company has acquired a 100% interest in a number of dispositions comprising 16,245 ha in four individual blocks (the “Properties”) that border the Company’s core high-grade gold assets within the highly prospective La Ronge Gold Belt. The road-accessible claims are located along a high-voltage power transmission line and are centered approximately 30km NE of La Ronge, Saskatchewan.

Related Questions

What are the potential risks or upside scenarios associated with the new properties, such as geological uncertainty or infrastructure constraints? What is the total consideration paid for the 16,245 ha acquisition and how will it affect Trident's balance sheet? How will the acquisition be financed—through cash on hand, debt, or equity issuance—and what are the dilution implications? What are the expected incremental gold resources and reserves from the newly acquired claims? When will the company commence drilling or exploration activities on the acquired properties? What is the projected timeline to achieve a resource upgrade or a new mineral resource estimate for the La Ronge Gold Belt assets? How does the acquisition impact Trivid Resources' overall project economics and Net Present Value (NPV) of the La Ronge Gold Belt portfolio? Are there any regulatory approvals or permitting requirements needed for the new claims, and what is the status of those processes? What synergies or operational efficiencies does Trident anticipate from integrating Eagle Plains' assets with its existing high‑grade gold assets? How will the acquisition affect Trident's cash flow forecasts and capital expenditure (CapEx) plans for the next 12–24 months?