I rest my case your honour That was funny that this release popped up after our posts. I do really like this deal, thinks it's great for both parties. Really surprised EPL hasn't had more interest share price wise in the past couple of weeks.
CRANBROOK, BC / ACCESSWIRE / August 14, 2023 / Eagle Plains Resources (TSX-V:EPL), ("EPL") has been notified by option partner 1416753 BC Ltd. ("141"), a subsidiary of NevGold ("NevGold"), a BC corporation,that field crews have been mobilized to Eagle Plains' 100% owned Surprise and Toodoggone LithiumProjects. Under the terms of the recently approved option agreement, 141 may earn a 100% interest in the Acacia, Lost Horse, FinLith, Surprise and Toodoggone properties by completing $1,000,000 in exploration expenditures over two years and issuing 10,000,000 141 shares. A 2% NSR on certain properties has been reserved for Eagle Plains (see EPL news release Aug 2nd, 2023).
2023 fieldwork will be carried out by TerraLogic Exploration Services of Cranbrook BC, a wholly owned subsidiary of Eagle Plains. The Surprise and Toodoggone projects are early stage and were acquired based on their prospectivity for hosting Li bearing pegmatites. Fieldwork on both projects will focus on locating and assessing pegmatites for lithium potential using geological mapping, mineral identification and geochemistry.