American Uranium Limited Lo Herma Resource Expansion Drilling Approved

Perth, Australia (ABN Newswire) - Over the past year, Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) has continued its work efforts in the Athabasca Basin including increasing its landholding at Geikie, in addition to diversifying its asset base with the early mover Nordic strategic acquisition providing high-grade uranium and polymetallic discovery potential in a tier-one jurisdiction. The Company has continued to assess new opportunities during the year, and subsequent to the financial year, has announced the conditional acquisition (subject to shareholder approval) of a district-scale rare earth element and uranium land package in Northwest Queensland.

Key highlights during the year include:

Finalised the acquisition and commenced exploration of a 100% owned uranium and green energy metals portfolio in Sweden and Finland.

Continued assessment of new opportunities in uranium and rare earth elements.

Completed significant reconnaissance sampling, mapping and revisit of historical data and drill core completed across Nordic projects:

- Rock chip assays returned up to 5.9% U3O8, 9.8% zinc, 9.15% lead, and 0.33% total rare earth oxides (TREO).

- Historical drill core relogging identified mineralised structures strongly correlated with surface results.

- 441 drill core samples from 36 historic holes submitted for multi-element assay to guide next-stage targeting

Applied for, and received grant for the Trollberget license in Sweden, doubling Basin's footprint in the ArvidsjaurArjeplog uranium district.

Received final results from the Phase 2 exploration drilling at the Preston Creek prospect, within the Geikie project which identified elevated uranium and pathfinders within a 1.5 km zone of alteration typical of basement-hosted mineralisation comparable to multiple world class uranium deposits.

Expanded Athabasca Basin uranium portfolio through staking of two additional claims adjacent to Preston Creek at Geikie.

Advanced targeting at Marshall with multiple high-priority EM anomalies identified, consistent with unconformity-style mineralisation.

*To view the Annual Report, please visit:
https://abnnewswire.net/lnk/8PD0P953

About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.

Source:
Basin Energy Ltd

Perth, Australia (ABN Newswire) - Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) is pleased to invite shareholders and investors to an investor webinar where Managing Director, Pete Moorhouse will provide a Company update following the recently acquired extensive uranium and rare earth portfolio in Queensland and outline upcoming exploration plans.

DETAILS

Date: Thursday, 28 August 2025
Time: 11:30AM AEST / 9:30AM AWST

Registration:
https://www.abnnewswire.net/lnk/66GZ5R65

Participants will be able to submit questions via the panel throughout the presentation, however we highly encourage attendees to submit questions beforehand via chloe@janemorganmanagement.com.au

To view the Presentation, please visit:
https://www.abnnewswire.net/lnk/3Z6Y66N7

About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.

Source:
Basin Energy Ltd

Perth, Australia (ABN Newswire) - Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) is pleased to announce that it has entered into a binding agreement to acquire 100% of the issued capital of NeoDys Limited ("NeoDys"), a privately held critical minerals explorer with a dominant landholding in the Mount Isa region of northwest Queensland.

Key Highlights

- Binding agreement to acquire the largest prospective uranium and rare earth packages in Queensland, adjacent to Paladin Energy Limited's (ASX:PDN) Valhalla uranium deposit and Red Metal Limited's (ASX:RDM) Sybella rare earth discovery [1*]

- Early stage exploration supports three distinct, drill-ready exploration models, each amenable to low-cost shallow drilling:

o AEM geophysical survey previously reported identified extensive paleochannel network adjacent to the Sybella uranium "hot" granite.

o Significant hard rock granite rare earth element potential, analogous to Red Metal's Sybella discovery. Recent auger drill sampling returned numerous significant results including 5 m @ 1,951 ppm TREO with 578 ppm Nd+Pr oxide, incl. 3 m @ 705 ppm Nd+Pr oxide.

o District-scale sediment-hosted ionic clay rare earth potential with $150,000 Queensland Government funding in place to fastrack drilling. Soil sampling completed with numerous samped returning >600 ppm TREO with a maximum of 653 ppm TREO.

- Additional Valhalla-style uranium targets with multiple untested radiometric anomalies, in proximity to Valhalla, Skal and Odin deposits which host a combined 116 Mlbs U3O8 [2*]

- The Company has received firm commitments from institutional and sophisticated investors to raise $1.25 million at $0.025 per share, representing a 9% premium to 20 day VWAP.

- With the oversubscribed placement along with the Queensland grant, Basin Energy is fully funded to test these drill-ready high priority targets, enabling the Company to fast-track multiple uranium and rare earth drill programs.

- Detailed targeting and drill planning is underway with exploration planned to commence in Q4 2025 to test shallow, high priority targets via aircore and reverse circulation drilling.

Managing Director, Pete Moorhouse commented:

"This acquisition propels Basin into Australia's uranium and rare earth exploration landscape. These projects deliver exceptional geology, strategic scale and compelling upside across two of the most critical mineral sectors of the energy transition. With drill-ready targets and a low-cost structure, this portfolio is primed to deliver value for shareholders. Over the next 6 months, Basin Energy will be drilling the first holes on three district-scale opportunities for uranium and rare earth deposits in Northwest Queensland.

The Company is delighted with the strong interest in the capital raising. On behalf of the Board, I welcome our new shareholders, and thank existing shareholders for their continued support at an exciting time of development for the Company. We will be holding a webinar to walk through the projects on 28th August and encourage people to log in and learn more about this opportunity."

Overview

This acquisition provides Basin with a commanding position over one of Australia's emerging and underexplored provinces for uranium and rare earth elements ("REE"), leveraging the recent Sybella rare earth discovery by Red Metal Limited (ASX:RDM) and the prospectivity of the adjacent Barkly Tableland.

Basin now holds 5,958 km2 of exploration tenure in the Mount Isa district of northwest Queensland. The projects provide compelling walk-up drill targets that can be rapidly and cost-effectively tested using air core and reverse circulation (RC) drilling. NeoDys have an existing Queensland Government Collaborative Exploration Initiative funding agreement for $150,000, available for Basin to support upcoming drilling programs.

The drill-ready, district scale targets include:

- Paleochannel roll front uranium (1*)

- Sediment and ionic clay hosted rare earth elements (2*)

- Hard rock, granite hosted rare earth elements (3*)

In addition to these three district-scale targets, the project area contains multiple shear-hosted Valhallastyle uranium targets defined for immediate assessment.

The primary model is based on mineralisation sourced from the various granites of the Sybella Batholith ("the Sybella"), a large north-south trending igneous body containing zones enriched in rare earth elements. This includes the Red Metal (ASX:RDM) Sybella Discovery with a recent JORC inferred resource estimate of 4.795 Bt at 302 ppm NdPr, 28 ppm DyTb (200 ppm NdPr cut-off) or 209 Mt at 377 ppm NdPr, 34 ppm DyTb (360 ppm NdPr cut-off) [1*]. The Sybella granites are also uranium rich, potentially being the source of Paladin Energy's (ASX:PDN) Valhalla deposits[2*] .

Terms of the Share Placement

The Company has received firm commitments to raise $1.25 million, by way of a two-tranche share placement ("Placement") of 50 million shares at an issue price of $0.025 per share. The Placement price represents the Company's last market close price, and a 9.1% premium to the 20-day VWAP.

Tranche two will be subject to a general meeting, to be called shortly and expected in early October.

The offer was significantly oversubscribed, with proceeds to be allocated as follows:

- Air core drilling on the Barkly Tablelands uranium and REE targets

- RC drilling at the Newmans Bore granite-hosted REE target

- Mapping and sampling of the West Valhalla Radiometric targets

- General working capital.

The Placement was managed internally and was not subject to broker fees.

To view the full announcement, please visit:
https://abnnewswire.net/lnk/3833C16P

About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.

Source:
Basin Energy Ltd

Perth, Australia (ABN Newswire) - Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is pleased to provide an overview of activities for the period ending 30 June 2025 ('Quarter', or the 'Reporting Period') and an accompanying Appendix 5B.

Key Highlights

- Identified and characterised key structures within historical drill core from North Sweden that appear to be associated with mineralisation seen in surface rock chips:

o Highlights of this mineralisation include rock chip samples over 5.9% uranium oxide, up to 9.8% zinc and greater than 0.3% total rare earth oxides

- 441 drill core samples from 36 historical holes across Basin's North Sweden projects are currently at lab for multi-element assays to support next-stage target definition.

- Key mineralised structures identified through structural relogging across Basin's Scandinavian projects.

- Initiated potential partner discussions with multiple parties to release shareholder value for non-core deeper unconformity uranium targets

- Remain committed to exploring high-conviction shallow uranium and green energy metal projects

Basin's Managing Director, Pete Moorhouse, commented:

"Over the past quarter, our team has been diligently progressing critical groundwork across our North Sweden projects. Structural relogging of historical drill core has now been completed across Virka, Bjorkberget and Ravaberget - with multiple key structures now clearly associated with known mineralised trends. These insights form the backbone of our next stage of exploration targeting.

The confirmation of a polymetallic system that includes uranium grades exceeding 5.9% U3O8 in North Sweden leaves a tantalising opportunity for modern exploration in a re-emerging district.

With Q1's 249D review firmly behind us, we're focused squarely on converting our high-conviction targets into tangible results that create shareholder value, whilst pursuing opportunities to release shareholder value for our non-core deeper targets. As global uranium demand accelerates and Europe prioritises secure, local supply chains, Basin's shallow, low-cost targets in Sweden are emerging as a strategically vital opportunity in a reawakening uranium district."

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/18IBH39M

About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.

Source:
Basin Energy Ltd