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Eagle Plains sells BC mineral properties to Kodiak Copper for 300,000 shares, keeping a 2% royalty.
Eagle Plains Resources has agreed to sell its Ketch and Portland mineral properties in British Columbia to Kodiak Copper for 300,000 Kodiak shares, retaining a 2% net smelter return royalty and an option for Kodiak to buy back 1% for $1.75 million.
The properties, near Princeton and Merritt, are adjacent to Kodiak’s MPD Project and near the Ketchan deposit, which shows potential for porphyry copper-gold mineralization.
The deal, pending TSX-Venture Exchange approval, supports Eagle Plains’ strategy of focusing on core assets and critical metals.
Kodiak plans a 2,000-sample soil geochemical program and aims to expand its landholdings in the mineral-rich Quesnel Terrane.
A related spinout merger remains pending shareholder approval on October 30, 2025.
Eagle Plains vende propiedades minerales de BC a Kodiak Copper por 300.000 acciones, manteniendo una regalía del 2%.