Xcite to Issue Shares under Option Agreements for Multiple Athabasca Basin Uranium Projects

Group 1 - Xcite Uranium Inc. will issue 900,000 common shares to Eagle Plains Resources Ltd. as part of six option agreements, allowing Xcite to earn up to an 80% interest in six uranium projects totaling 5,905 hectares near Uranium City, Saskatchewan [1] - The uranium projects included in the agreement are the Gulch, Lorado, Smitty, Don Lake, Beaver River, and Black Bay properties [1][3] - The issued shares will be subject to a four-month hold period in accordance with Canadian securities laws [1] Group 2 - Xcite Uranium is an early-stage exploration company focused on discovering and developing energy transition metals, particularly in the Athabasca basin [3] - The company aims to achieve high-grade uranium discoveries based on new geological modeling and exploration strategies in a previously producing uranium camp that has been dormant for 40 years [3]