Baselode Energy is pleased to announce that Forum Energy Metals shareholders have overwhelmingly voted in favour of approving the previously announced plan of arrangement with Baselode pursuant to which Baselode will acquire all of the issued and outstanding shares of Forum at a share exchange ratio of 0.3535 Baselode common shares for each Forum share held. Results from Forum's Special Meeting of Shareholders 97.57% of [...]
Baselode Energy is pleased to announce the closing of its previously announced "best efforts" private placement for gross proceeds of C$6,000,000, which includes the exercise in full of the agent's option. Pursuant to the Offering, the Company sold 42,857,143 flow-through units of the Company to charitable purchasers at a price of C$0.14 per FT Unit. Red Cloud Securities acted as sole agent and bookrunner in connection [...]
Baselode Energy is pleased to announce that it has entered into an agreement with Red Cloud Securities to act as sole agent and bookrunner in connection with a "best efforts" private placement for the sale of up to 35,714,286 flow-through units of the Company to be sold to charitable purchasers at a price of C$0.14 per FT Unit for gross proceeds of up to C$5,000,000. Each FT Unit will consist of one common share of the [...]
Baselode Energy and Forum Energy Metals are pleased to announce that our drilling is underway on the Aberdeen Project. Key Highlights Exploration Plan: 18-25 drill holes planned and up to 7,000 m Target Areas: 10 high-priority target areas, first targets tested will be Loki and Bjorn Loki Grid: Drilling will follow up on prospective gravity target with strong clay alteration and elevated uranium in the Thelon sandstone [...]
Baselode Energy and Forum Energy Metals are pleased to announce that we are opening our exploration camp on the Aberdeen Project in Nunavut and plan to initiate a 2-drill diamond drill program in July. Key Highlights Exploration Plan: 18-25 drill holes planned and up to 7,000 m Target Areas: 10 high-priority target areas, both with and without sandstone cover; first targets tested will be Loki and Bjorn "We are excited to [...]
Baselode Energy and Forum Energy Metals are pleased to announce that they have entered into a definitive arrangement agreement in an at-market business combination whereby Baselode will acquire all of the issued and outstanding common shares of Forum pursuant to a court-approved plan of arrangement. The combined company will continue under the name Geiger Energy Corporation. Strategic Rationale for Geiger Energy This [...]
Baselode Energy is pleased to release uranium assay results from all 28 drill holes of the 2024 drill program on the ACKIO prospect area in the Athabasca Basin area of northern Saskatchewan. "We're especially encouraged with 6 drill holes intersecting uranium within 50 m from surface and 11 drill holes within 100 m from surface. These shallow mineralization results continue to demonstrate ACKIO's unique advantage in the [...]
Two drill holes intersect high-grade uranium: Both returned over 1% U₃O₈ across 1.5 m Hole AK24-118 intersected 8.5 m of 0.59% U₃O₈, while AK24-119 returned 21.0 metres of 0.28% U₃O₈, enhancing our understanding of uranium mineralization in Pod 6 Baselode's ACKIO has a unique advantage that distinguishes it from its peers in the Athabasca Basin, given its shallow mineralization Baselode Energy Corp. is pleased to provide [...]
Five drill holes outlined an open massive hydrothermal clay alteration system measuring at least 200 m x 100 m, resembling alteration found in Athabasca high-grade uranium deposits Radioactivity within the clay alteration system increases with depth and remains open Drill hole HK24-010 intersected 13.4 metres of continuous radioactivity within a 200 m wide alteration system New defined target areas are within 6 km of [...]
Eighteen drill holes encountered anomalous radioactivity starting at depths of less than 100 metres from surface, with nine of these starting within 50 metres Highlight drill hole AK24-137 intersected four separate zones of radioactivity with greater than 5,000 counts per second Seven drill holes intersected radioactivity with greater than 5,000 cps Thirteen drill holes reported composite intervals of anomalous [...]
Baselode Energy is pleased to announce the discovery of a new uranium prospect on the Hook project. "We're very excited about this new discovery on Hook, on the second hole of our regional exploration program. HK24-010 intersected over 30 metres of continuous radioactivity at approximately 173 metres vertical depth. This new discovery is hosted within a massive alteration corridor similar in scale to what we have observed [...]
Over 30 metres of continuous radioactivity, such as 907 cps over 34 m, including 9,173 cps over 0.4 m AK24-118 and AK24-119 returned the widest radioactivity levels in Pod 6 All three drill holes with over 20 metres of cumulative thickness of radioactivity The second drill for regional exploration targets has now mobilized to site Baselode Energy Corp. is pleased to announce radioactivity results from the first three [...]
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