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Eagle Plains Resources ( (TSE:EPL) ) just unveiled an announcement.
Eagle Plains Resources’ partner Refined Energy Corp. has approved a 2026 exploration program on the 100%-owned Dufferin West uranium project in Saskatchewan’s Athabasca Basin, targeting unconformity- and basement-hosted uranium along the Virgin River Shear Zone. The phase-one program, budgeted at about $1.7 million, will comprise ground gravity and electromagnetic surveys and roughly 1,200 metres of diamond drilling in three holes to test priority conductors, with drilling managed by TerraLogic Exploration and set to begin in the first quarter of 2026. The work reflects the culmination of Eagle Plains’ recent technical evaluations and supports its project-generator model, with Refined able to earn up to a 75% interest through staged cash, share and exploration commitments totalling CA$6.375 million, while Eagle Plains retains operatorship in the initial option phase and a 2% smelter returns royalty upon option exercise, positioning both companies to benefit from any exploration success in a highly prospective uranium district near NexGen Energy’s ground and Cameco’s Centennial deposit.
Spark’s Take on TSE:EPL Stock
According to Spark, TipRanks’ AI Analyst, TSE:EPL is a Neutral.
Eagle Plains Resources’ strong balance sheet is a key strength, backed by a series of positive corporate events suggesting potential growth in exploration projects. However, operational inefficiencies and valuation challenges dampen the overall outlook. Technical indicators show a lack of momentum, adding to a cautious but not overly negative perspective.
To see Spark’s full report on TSE:EPL stock, click here.
More about Eagle Plains Resources
Eagle Plains Resources Ltd. is a Canadian mineral exploration and project-generator company focused on advancing early-stage properties through partnerships. Its portfolio includes uranium prospects in Saskatchewan’s Athabasca Basin and other base and precious metal projects in Western Canada, where it typically retains ownership interests and royalties while partners fund exploration and development work.
Average Trading Volume: 76,253
Technical Sentiment Signal: Buy
Current Market Cap: C$16.66M
See more insights into EPL stock on TipRanks’ Stock Analysis page.