EagleOne Moves to Acquire Utah Uranium and Rare Earths Project

EagleOne Metals Corporation ( (TSE:EAGL) ) has provided an announcement.

EagleOne Metals Corporation has signed a binding letter of intent to acquire a 100% interest in the Poison Springs Uranium/Rare Earths Project in Utah, comprising 10 mineral claims over 206.6 acres, for US$50,000 upon execution of a definitive purchase agreement. The project area, located south of Hanksville, has seen limited historical drilling and artisanal workings that indicate uranium and rare earth mineralization, along with copper, silver, cobalt, nickel and other metals, and is near districts with past significant uranium production.

The acquisition remains subject to a formal agreement, customary representations and warranties, and acceptance by the Canadian Securities Exchange, underscoring regulatory and execution milestones still ahead. If completed, the deal would expand EagleOne’s portfolio from its gold-focused Magusi West project into uranium and rare earth exploration in a remote Utah district considered one of the region’s last frontiers, potentially diversifying the company’s commodity exposure and long-term growth prospects.

More about EagleOne Metals Corporation

EagleOne Metals Corp. is a Canadian-based precious and base metal exploration company focused on unlocking shareholder value through exploration of carefully selected projects. It holds an option to acquire a 100% interest in the Magusi West Gold Project in Quebec’s Abitibi greenstone belt, a globally significant and highly ranked gold mining jurisdiction.

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Technical Sentiment Signal: Buy

Current Market Cap: C$16.37M

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