05:08 PM EDT, 08/28/2025 (MT Newswires) -- Trident Resources ( TRDTF ) late Thursday said itclosed the claims acquisition from Eagle Plains Resources ( EGPLF ) , securing a 100% interest in 16,245 hectares adjoining its core high-grade gold assets in Saskatchewan's La Ronge Gold Belt.

Under the non-arm's-length agreement, Trident paid C$14,370 and a 2% net-smelter royalty on all 34 claims, with a buyback option of $1 million for 1% of the royalty.

The company noted that several high-priority targets on the property lie on trend with its main assets, with documented gold showings ranging from trace mineralization to 45.5 grams per tonne.

"Over the next few months, the company will focus on its exploration work which includes drilling at Contact Lake to confirm the high-grade potential resources and testing the extension of the trend both along strike and at depth," chief executive Jonathan Wiesblatt said.

Trident shares closed down $0.01 to $0.72 while Eagle Plains Resources ( EGPLF ) closed up $0.01 to $0.145 on the TSX Venture Exchange.