Investor Overview
Why Eagle Plains Resources?
Cumulative Value for Shareholders - The Spin-out Model
Spinning out mature assets rather than simply holding or selling them outright has become a consistent way for Eagle Plains to convert in-house discoveries into direct, liquid value for shareholders. It is also worth noting what these spin-outs are not: a share distribution to existing holders is not a financing, and it does not dilute existing shareholders the way issuing new stock for cash would. Two separate transactions the history (Copper Canyon's acquisition by NovaGold in 2011, and Taiga Gold's acquisition by SSR Mining in 2022) confirm that the model can carry all the way through to a full corporate acquisition by a larger mining company, not just a listing.
This pattern has also coincided with unusually modest share growth for a company of EPL's age. Between December 2019 and December 2025, Eagle Plains' total shares outstanding grew by roughly 23%, a notably low rate of dilution compared with a number of other Canadian-listed companies that employ a similar project generator model over the same period.
The Elements of Eagle Plains Business Model
Financial Statements and Management Discussion & Analysis
Stock Information
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Share Information
| Issued & Outstanding | Options | Warrants | Fully Diluted Shares Out. | Listed |
| 115,091,087 | 11,210,000 | 6,006,279 | 132,418,506 | TSX-V: EPL | OTCQB: EGPLF |
As of Dec. 31, 2025. Eagle Plains Resources has been operating for 30 years and has never conducted a share roll back.
Accounting Information for the Spin-outs
Eagle Royalties Ltd. Plan of Arrangement
On May 18, 2023 Eagle Plains Resources spun-out multiple royalty assets into Eagle Royalties Ltd. resulting in a 1 for 3 share split. For accounting purposes the adjusted cost basis (ACB) of the Eagle Royalties Ltd. share is to be 33.54% of the pre-split Eagle Plains share purchase value.
Taiga Gold Corp. Plan of Arrangement
On April 12, 2018 Eagle Plains Resources spun-out its Fisher, Chico, Orchid, Leland and Sam projects into Taiga Gold Corp. resulting in a 1 for 3 share split. For accounting purposes the adjusted cost basis (ACB) of the Taiga Gold Corp. share is to be 30.34% of the pre-split Eagle Plains share purchase value.
Yellowjacket Resources (now Dixie Gold) Plan of Arrangement
On Dec 22, 2011 Eagle Plains Resources spun-out its Yellowjacket Project into Yellowjacket Resources, resulting in a 1 for 3 share split. For accounting purposes the cost basis of the Yellowjacket Resources share is to be 31.58% of the pre-split Eagle Plains share purchase cost. The company has been renamed to Dixie Gold and is now managed by a different group.
Copper Canyon Plan of Arrangement
On June 5, 2006 Eagle Plains Resources spun-out its Copper Canyon, Abo and Severence properties into Copper Canyon Resources on a 1 EPL for 1 CPY share basis. In March 2011, Copper Canyon Resources was purchased by NovaGold in an all share deal amounting to approximately $65M and included the additional spin-out of Omineca MIning and Metals (OMM:TSX-V). For accounting purposes the cost basis of the Copper Canyon share is to be 59.35% of the pre-split Eagle Plains share purchase value.
