Eagle Plains Resources (EPL.V) announced earlier this month it is forming a separate division within the Eagle Plains entity that would give shareholders direct exposure to what the company calls ‘strategic opportunities’ in the Canadian green energy transition. The newly created subsidiary will be named Osprey Power and is led by Jared Sproule who has almost two decades of experience in the development and permitting of wind, solar and hydro projects on the power generation front, and with energy storage and transmission projects on the infrastructure front.
It will be interesting to see what this subsidiary can do, and how it could create value for the Eagle Plains shareholders. We will for sure be in touch with the Eagle Plains management team on this and will provide an update in due course.
Eagle Plains also remains active on the ground as the company provided an update on its fully owned Adamant REE property in British Columbia. The 2024 exploration program was focusing on defining and extending the known syenite and pegmatite dyke warms and evaluate the additional targets that were generated during a previous exploration campaign after the project was staked in 2021 and 2022.
This year’s program consisted of taking 23 rock samples, 2 stream silt samples as well as completing additional work with a scintillometer. The program also included prospecting in the Kin Far West Zone where receding glaciers have exposed new outcrop upstream of historic stream silt anomalies.
No analytical results have been published yet as the exploration program was only completed in September, but we expect to see more news soon.
Disclosure: The author has a small long position in Eagle Plains Resources. Eagle Plains is a sponsor of the website. Please read the disclaimer.
