12:36 PM EDT, 08/12/2025 (MT Newswires) -- Trident Resources ( TRDTF ) shares were last seen trading 4.9% higher on Tuesday after announcing it will acquire 16,245 hectares of exploration lands within Saskatchewan's La Ronge Gold Belt from Eagle Plains Resources ( EGPLF ) .

The new accessible claims are underlain by the northeast-trending La Ronge Domain Central Metavolcanic Belt supracrustal rocks that consist of mafic to intermediate pyroclastics and flows. Several documented gold showings returning values ranging from trace mineralization to up to 45.5 grams per tonne of gold.

Under the terms of the deal, Trident will pay $14,370 in cash and cede a 2% net smelter royalty on the lands, half of which can be repurchased for $1 million.

"Our latest land acquisition further adds to Trident's overall portfolio of highly prospective claims in the La Ronge Gold Belt. The Company is in an excellent financial position to maximize the value of our existing gold projects in addition to adding strategic new claims surrounding our current project portfolio," Chief Executive Jonathan Wiesblatt said.

The company's shares were last seen up $0.03 to $0.64 on the TSX Venture Exchange.

Price: 0.64, Change: +0.03, Percent Change: +4.92