Strategic agreement in uranium exploration between Eagle Plains and Refined Metals Corp

Eagle Plains Resources Ltd. and Refined Metals Corp. announce the signing of an option agreement allowing Refined to acquire up to 75% of the Dufferin project. This project, located near Cameco's Centennial mine, is attracting keen interest for its uranium potential.

The agreement, divided into two phases, stipulates that Refined can obtain 60% of the project by paying CA$275,000, issuing 1,000,000 shares to Eagle Plains and financing CA$2,600,000 of exploration expenses. by the end of 2026. An additional phase would allow Refined to increase its share to 75% with financial conditions and the issuance of additional shares.

The Dufferin project includes the Dufferin West and North properties, known for their geological environment favorable to uranium. The region, characterized by significant geophysical and geochemical anomalies, is considered promising for the discovery of new deposits.

Executives from both companies express enthusiasm for the partnership, seeing the Athabasca Basin and the Dufferin Project as major exploration opportunities. Eagle Plains, the project operator during the first phase of the option, and Refined are considering advanced geophysics programs to target future drilling.