History of Eagle Plains Resources - A Mineral Exploration Project Generator

A casual discussion with Tim Termuende, President and CEO about the history of Eagle Plains Resources. Eagle Plains is a mineral explorer utilizing the project generator model with a focus on gold. The company operates in western Canada, primarily British Columbia and Saskatchewan, with over 35 projects. Trading since 1994, Eagle Plains has several significant streams of revenue reducing the need to conduct equity financing thereby creating shareholder stability - the company has never been rolled back in its 25 year history.

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"It was actually hatched in a bar in South Padre Island, Texas in 1991. My dad and I were were there while I was on my way to Panama to do work for another company. We had a couple beers and said, "You know what, the markets are starting to shape up. Let's start a new company." And, so, we started two at the same time -- Eagle Plains Resources and Miner River Resources. My dad ran Eagle Planes and I ran Miner River. In 1996 or so, we decided that a merger was in order because both companies were working on parallel tracks and we seemed to be joint venturing everything between two companies. We decided to clean it up and just form Eagle Plains. We've been in the biz for over 25 years as a public company, which is almost a record in itself for a junior mining company. Not many last that long. A lot of them make it through a cycle and can't survive the downturns but we've been very resilient over the years. We figured out a lot of survival tactics in the downturns and these tough times have actually served us quite well. The one thing that I've learned is the most important in any cyclical industry is to work the cycles -- when there's a downturn, that's an opportunity. The motto "yin-yang" is crisis equals opportunity. If you treat every crisis as an opportunity, which we have over the years, it actually serves our shareholders quite well. Our business model usually involves having a basket of projects depending on the commodity cycle, depending on what's popular and what people want to invest in -- we've got copper projects, silver projects, lead-zinc, gold, uranium, even industrial minerals in some cases. We've got a gypsum deposit for example. All this showed that the method is sound. The fact that we're still around 25 years later proves that we stick to our knitting and it seems to work for our shareholders."