Baselode Continues to Hit Near-Surface Mineralization and Some of the Strongest Intersections of Elevated Radioactivity

Highlights:

Three drill holes have now intersected elevated radioactivity within 45 m of vertical depth from surface
Two holes returned some the strongest elevated radioactivity intersections on ACKIO
AK22-040: 744 cps over 22.75 m at 115.05 m (new 2 ^nd best radioactivity intersection)
AK22-023: 538 cps over 29.25 m at 129.95 m (new 4 ^th best radioactivity intersection)
Change in drill azimuth direction has yielded a 100% intersection success

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to provide an update on the ongoing 20,000 metre diamond drilling program (the " Program ") on the ACKIO high-grade uranium discovery (" ACKIO "), Hook project (" Hook "), Athabasca Basin area, northern Saskatchewan (see Figure 1 and Table 1 ).

"ACKIO continues to impress us as we have now extended near-surface mineralization to an area measuring 50 m by 50 m . We've had two drill holes, AK22-037 and AK22-040, intersect the widest continuous zones of elevated radioactivity, measuring over 20 m drill hole thickness. These two drill holes have now ranked the 2 ^nd and 4 ^th best drill holes on ACKIO to date in terms of continuous radioactivity. Additionally, we've changed our drill hole direction from west azimuth (270) to east azimuth (090), targeting a structural model that we've recently conceived. Since then, we've had 100% intersection success with each drill hole hitting significant widths of radioactivity," said James Sykes , CEO, President and Director of Baselode.

"From the drilling we have completed to date, our model for is ACKIO a series of gently west-dipping, stacked, mineralized lenses. In many cases what we previously interpreted as the Upper and Lower zones is in fact connected as one mineralized zone. In other cases there are 3 to 4 stacked lenses on a section. Understanding how to connect the lenses from section to section will require more drilling as the lenses pinch and swell both along strike (N-S) and down-dip (E-W). The main takeaways from ACKIO are that we have continuity of mineralization along strike as we've hit significant widths of mineralization on every drill fence, and that we high levels of radioactivity at shallow depths ranging from 35 m to 150 m true vertical depths," said Cameron MacKay , Vice-President, Exploration & Development.

Highlights include;

AK22-040 : 744 cps over 22.75 m at 115.05 m (new 2 ^nd best individual continuous radioactivity intersection at ACKIO to date)
AK22-037 : 538 cps over 29.25 m at 129.95 m (new 4 ^th best individual continuous radioactivity intersection) which includes

3,623 cps over 0.25 m at 145.35 m
3,000 cps over 0.45 m at 156.7 m

AK22-038 : 914 cps over 6.25 m at 35.85 m (previously reported on May 4, 2022 , the shallowest radioactivity intersection at ACKIO) which includes

2,057 cps over 1.75 m at 35.85 m

Fracture-controlled mineralization with high levels of radioactivity returning 7,914 cps over 0.2 m at 225.5 m , which includes

Maximum of 18,600 cps over 0.05 m at 225.5 m
Reminiscent of mineralization distal to the high-grade core at NexGen Energy's (TSX: NXE) Arrow uranium deposit

AK22-039 : 640 cps over 8.65 m at 40.95 m (2 ^nd shallowest intersection at ACKIO)
AK22-041 : 424 cps over 4.6 m at 47.45 m (3 ^rd shallowest intersection at ACKIO)
The Upper zone strike length remains 375 metres and the Lower zone strike length remains 265 metres; both zones are open in all directions ( see Figure 1 ).

The Company is preparing a video presentation to provide more details and interpretations regarding the results and details from this and previous news releases. The video is expected within the next week.

Since announcing the start of the Program on February 9, 2022 (see Company News Release), Baselode has completed 37 drill holes (AK22-005 to AK22-041) for 11,153.75 m ( see Figure 1 ). Twenty of thirty-seven drill holes have intersected continuous elevated radioactivity. A complete list of drill hole collar information and hand-held scintillometer radioactivity composite measurements for the drill holes reported in this news release (AK22-034 to AK22-041) are provided in Table 1 .

Drill holes AK22-034 to AK22-041 were all drill testing a structural model which required a change in drilling azimuth from west (270) to east (090). The model required testing prior to continuing drilling along strike to the southeast of ACKIO. The change in the drill azimuth direction has had a 100% intersection success suggesting the structural model is accurate.

Successful drill testing of the structural model has changed the future drill plans. One drill will continue ACKIO exploration to the southeast drilling with an east-facing azimuth (090) while the other drill will continue to infill previously drilled fences with a similar east-facing azimuth (090).

Samples from these reported eight drill holes have been submitted to the Saskatchewan Research Council's (" SRC ") Geoanalytical Laboratory in Saskatoon, Saskatchewan , for whole-rock, multi-element and U ₃ O ₈ analysis. Baselode will continue to provide Program updates on a bi-monthly to monthly schedule. Uranium assay results will be released as they are received after being compiled and thoroughly checked by the technical team.

The Program is helicopter-supported to lessen any ground-induced environmental impacts within the project area, and will allow the Company to continue the Program during Spring thaw.

ACKIO is 30 km southeast of well-established infrastructure, including an all-season road and powerline between Cameco Corp.'s (TSX: CCO) and Orano's McArthur River mine and Key Lake Uranium mill joint ventures. ACKIO is 70 km northeast of the Key Lake mill.

NOTES:

cps* = "counts-per-second", as measured with a handheld RS-125 Gamma-Ray Spectrometer/Scintillometer. The reader is cautioned that Baselode uses scintillometer readings as a preliminary indication for the presence of radioactive materials (uranium, thorium and/or potassium), and that scintillometer results may not be used directly to quantify or qualify uranium concentrations of the rock samples measured.
The Company considers all RS-125 readings greater than 300 cps to be considered elevated radioactivity, with background radioactivity measuring between 50 to 125 cps.
"Continuous elevated radioactivity" means drill core length with no greater than 2.0 m of consecutive drill hole length measuring less than 300 cps.
All reported drill hole depths and lengths do not represent true thicknesses which have yet to be determined.
"best radioactive intersections" were determined by multiplying the average radioactivity with the reported intersection widths for each drill hole that Baselode has reported on to date.

Figure 1 – Plan map of the Ackio mineralized surface expression

Table 1 - Drill collar details and continuous composite elevated radioactivity results from drill holes AK22-034 to AK22-041

About Baselode Energy Corp.

Baselode controls 100% of approximately 227,000 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada . The land package is free of any option agreements or underlying royalties.

Baselode's Athabasca 2.0 exploration thesis is focused on discovering near-surface, basement-hosted, high-grade uranium orebodies outside of the Athabasca Basin. The exploration thesis is further complemented by the Company's preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond drilling.

QP Statement

The technical information contained in this news release has been reviewed and approved by Cameron MacKay , P.Geo., Vice-President, Exploration & Development for Baselode Energy Corp., who is considered to be a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in the Company's filings with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedar.com .

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

SOURCE Baselode Energy Corp.

View original content: https://www.newswire.ca/en/releases/archive/May2022/16/c3851.html

News Provided by Canada Newswire via QuoteMedia

Baselode Energy TSXV:FIND Uranium Investing

FIND:CA

Baselode Reports High-Grade Uranium Assays on its ACKIO Prospect

Two drill holes intersect high-grade uranium: Both returned over 1% U₃O₈ across 1.5 metres

Hole AK24-118 intersected 8.5 metres 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. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to provide uranium ("U3O8") assay results from 3 of 43 drill holes of the 2024 drill program on the ACKIO prospect ("ACKIO") in the Athabasca Basin ("Basin") area of northern Saskatchewan.

"Baselode's ACKIO prospect stands out among its peers due to the shallow depth of its mineralization, especially compared to the much deeper deposits elsewhere in the Basin. We are highly encouraged by the results from holes AK24-118 and AK24-119, as they are the best intersections in Pod 6 and rank among the top 20 drill holes at ACKIO. These results strengthen our confidence in ACKIO. It's remarkable that, just over three years after discovering ACKIO, we're still achieving better-than-expected grades and widths," commented James Sykes, CEO, President, and Director of Baselode."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Baselode Defines the Significance of Massive Clay Alteration System Identified on Hook Uranium Project

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 near-surface ACKIO uranium prospect

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to provide results and findings from the exploration and discovery portion of the drill program on Hook project ("Hook") in the Athabasca Basin area of northern Saskatchewan.

"These results represent an important discovery on our Hook project. While we've already made a discovery at Hook with ACKIO, this is only a small part of the broader Hook land package. The potential on the property is substantial as Hook is an extensive project, and our discovery at ACKIO, combined with our neighbour Atha Energy's discovery in their Gemini Mineralized Zone, highlights that the region has all the geological features needed to host significant uranium deposits. More importantly, we can clearly demonstrate that this area is fertile with uranium mineralization. Large-scale alteration systems are key indicators when it comes to uranium, which tends to occur in smaller deposits relative to other minerals. We're pleased to have uncovered such a large system, exhibiting all the hallmark features needed for a new high-grade Athabasca uranium discovery," commented James Sykes, CEO, President, and Director of Baselode.

Watch this video for a detailed analysis of the two follow-up target areas and a comparison of Hook alteration systems to seven Athabasca high-grade uranium deposits that have combined over 700 million pounds of uranium.

The first alteration system the Company highlights is in the HK24-016 area, measuring more than 250 metres wide by 400 metres deep, with a core of massive clay and bleached alteration styles that measure 100 metres wide by at least 200 metres deep. These core alteration styles are important as they are the same style associated with at least three basement-hosted Athabasca high-grade uranium deposits.

The second alteration system identified in the HK24-010 area is significant due to its similarly large scale, intersecting 13 meters of continuous anomalous radioactivity within pegmatite along the margin of the fluid pathway. While assays are pending, the Company is well-funded and eager to proceed with follow-up drill plans for these high-priority exploration targets.

Hook Exploration Drill Hole Highlights

HK24-016 area

Drill holes HK24-016, HK24-017, and HK24-021 to HK24-023 were collared 5.5 kilometres southwest of ACKIO (Figure 2, Figure 3). HK24-016 intersected 140 metres of massive hydrothermal clay and bleaching alteration (the "clay alteration") within a broader 370 m thick alteration corridor (Figure 4). The drill hole intersected anomalous radioactivity associated with fracture-controlled remobilized hematite alteration within the clay alteration (Figure 5).

Both HK24-017 and HK24-021 targeted the clay alteration up-dip and down-dip, with each intersecting 30 and 145 metres of clay alteration, respectively. HK24-022 was collared 100 metres southeast of HK24-016 and intersected 60 metres of clay alteration, and HK24-023 was collared 50 metres northeast and intersected 110 metres of clay alteration. Initial observations suggests follow-up drilling is required beneath HK24-021 and to the north of HK24-023.

The clay alteration encountered within these Hook drill holes (Figure 6) share numerous similarities to massive hydrothermal clay alteration systems observed in Athabasca basement-hosted, high-grade uranium systems, such as Cameco's Millennium and Eagle Point deposits, Uranium Energy Corp's Roughrider deposits, and Denison Mines' Gryphon deposit.

The upper outer halo of the clay alteration is further identified with unique limonite liesegang banding and fracture-controlled alteration, including a distinct quartz stockwork. These are also similar outer halo alteration styles that have been observed within large-scale Athabasca uranium deposits.

HK24-010 area

Drill holes HK24-009 and HK24-010 were collared 6 kilometres northeast of ACKIO (see Figure 2, Figure 7). Details of these drill holes were initially released on July 17, 2024. HK24-010 has returned the best radioactive intersection outside of Baselode's near-surface ACKIO uranium prospect with 13.2 metres of continuous anomalous radioactivity starting at 186 metres beneath the surface hosted within a pegmatite along the western margin of a 200 m-wide, structurally-controlled, hematite and bleached alteration system. The area remains open in all directions.

Drill hole samples have been sent to Saskatchewan Research Council for uranium and multi-element analysis. Results will be released after being received and reviewed by the Company.

NOTES:

cps* = "counts-per-second", as measured with a handheld RS-125 Gamma-Ray Spectrometer/Scintillometer ("RS-125"). The reader is cautioned that Baselode uses scintillometer readings as a preliminary indication for the presence of radioactive materials (uranium, thorium and/or potassium), and that scintillometer results may not be used directly to quantify or qualify uranium concentrations of the rock samples measured.
The Company defines groupings of RS-125 as i) background radioactivity (50 to 200 cps), ii) above-background radioactivity (200 to 300 cps), and iii) anomalous radioactivity (300 to 1,000 cps).
"Radioactivity (>300 cps)" in Table 1 is defined as drill core length with no greater than 2.0 m of consecutive drill hole length measuring less than 300 cps.
All reported drill hole depths and lengths do not represent true thicknesses.

About Baselode Energy Corp.

Baselode controls 100% of approximately 238,930 hectares for exploration in the Athabasca Basin area of northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties.

The Company discovered the ACKIO near-surface, uranium prospect in September 2021. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 9 separate uranium Pods, with mineralization starting as shallow as 28 m and 32 m beneath the surface in Pods 1 and 7, respectively, and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120 m. ACKIO remains open at depth, and to the north, south and east.

Baselode's Athabasca 2.0 exploration thesis focuses on discovering near-surface, basement-hosted, high-grade uranium orebodies outside the Athabasca Basin. The exploration thesis is further complemented by the Company's preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond drilling.

QP Statement

The technical information contained in this news release has been reviewed and approved by Cameron MacKay, P.Geo., Vice-President, Exploration & Development for Baselode Energy Corp., who is considered to be a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."

For further information, please contact:

James Sykes, CEO, President and Director
Baselode Energy Corp.
jsykes@oregroup.ca
306-221-8717
www.baselode.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

FIGURE 1 - Baselode projects location map. ACKIO uranium prospect identified with yellow circle.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_001full.jpg

FIGURE 2 - Drill holes (HK24-009 to HK24-023) location map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_002full.jpg

FIGURE 3 - HK24-016 target area drill holes (HK24-016, HK24-017, and HK24-021 to HK24-023) location map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_005full.jpg

FIGURE 4 - Cross-section interpretation of large hydrothermal fluid system with core massive clay and bleaching alteration (blue)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_006full.jpg

FIGURE 5 - Fracture-controlled, hydrothermal remobilized anomalous radioactivity, HK24-016

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_007full.jpg

FIGURE 6 - Massive clay and bleaching alteration system, HK24-021. NOTE: clay has been gouged with carbon scribe to demonstrate drill core softness

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_008full.jpg

FIGURE 7 - HK24-010 target area drill holes (HK24-009 and HK24-010) location map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6412/224182_480ec88df46cda96_020full.jpg

MOVIE 1 - Clay alteration and bleaching identified within drill hole HK24-021

Keep reading...Show less

Baselode Reports Eighteen Drill Holes with Near-Surface Radioactivity on its ACKIO Uranium Prospect

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 ("cps")
Seven drill holes intersected radioactivity with greater than 5,000 cps
Thirteen drill holes reported composite intervals of anomalous radioactivity between 11 and 42 metres in thickness, spanning five distinct areas

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to provide radioactivity drilling results from the ACKIO uranium prospect ("ACKIO") in the Athabasca Basin area of northern Saskatchewan (Figure 1, Table 1).

"ACKIO continues to demonstrate significant growth, with broad intersections of anomalous radioactivity, including zones of high radioactivity across multiple Pods. Overall, this has been a successful drill program, expanding the footprint of known near-surface mineralization around Pods 1 and 7, intersecting new zones of higher radioactivity in Pods 6 and 7, and improving our confidence in the continuity of mineralization at ACKIO as a whole," commented James Sykes, CEO, President, and Director of Baselode.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Baselode Discovers New Zone of Radioactivity Six Kilometres Northeast of ACKIO

Intersected over 30 metres of continuous radioactivity within a massive hydrothermal alteration system
New zone discovered on the second drill hole of Hook's regional exploration program, 6 km from ACKIO discovery
Demonstrates the fertility of the uranium corridor along Baselode's Hook Project

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce the discovery of a new uranium prospect on the Hook project ("Hook") in the Athabasca Basin area of northern Saskatchewan (Figure 1).

"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 at our ACKIO zone 6 km to the southwest. We believe the alteration corridor has mobilized uranium from the host rocks and deposited it within a redox front, similar to what we interpret for HK24-010. We intend to follow-up drilling in this area in the coming weeks after completing exploration drilling in a logistically efficient order on other targets with stronger geophysical anomalisms. Hook's regional exploration aim was to discover new zones of uranium mineralization and we're well on our way with this new prospect," commented James Sykes, CEO, President, and Director of Baselode.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Baselode Reports High Levels of Radioactivity Over Wide Intercepts at ACKIO Uranium Project

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. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce radioactivity results from the first three diamond drill holes within the ACKIO ("ACKIO") uranium prospect of the Hook project ("Hook") in the Athabasca Basin area of northern Saskatchewan (Figure 1).

"AK24-119's results rank as one of the top 10 best drill hole radioactivity intersections at ACKIO, making this a unique drill hole. Previous drill hole AK22-035 intersected 0.54% U₃O₈ over 7.3 m (see Baselode News Release dated September 12, 2022) in Pod 6, and we are seeing similar levels of radioactivity within AK24-118 and AK24-119 but over broader widths within the same Pod, suggesting mineralization remains open in this area. ACKIO has continued to deliver encouraging results since the discovery in 2021, and we expect more promising results to follow.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

NexGen Achieves Major Permitting Milestone

The Canadian Nuclear Safety Commission ("CNSC") has notified NexGen of successful completion of final Federal technical review.
This is the key requirement to scheduling a Federal Commission Hearing date and subsequent Federal Project approval decision.
The Federal Environmental Assessment ("EA") and License represent the final major approval steps after having received Provincial EA approval in November 2023 .
In production, the Rook I Project is poised to make NexGen one of the world's largest and most environmentally conscious mining companies.

NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is excited and proud to announce a major milestone in the Federal EA process for its 100%owned Rook I Project ("the Project"). The CNSC has provided NexGen formal confirmation that the Company has successfully addressed all information requests received as part of the Federal technical review. With completion of the CNSC technical review, the next and final steps in the Federal approval process include scheduling a Commission Hearing Date for the Project, subject to which the CNSC will render an approval decision on the Project.

This historic milestone marks a crucial step forward for the Project that has been undergoing Canada's robust and rigorous regulatory process since 2019. Completion of the Federal EA technical review stage follows the CNSC having deemed NexGen's Federal licence application sufficient in September 2023 , and receipt of Provincial EA approval in November 2023 . This development reinforces Canada's path to re-establish itself as the leader in global uranium supply and partner of choice.

Leigh Curyer, Chief Executive Officer, commented: "This exciting outcome is a testament to the exceptional efforts of our entire NexGen team, the collaborative support of our valued Indigenous Nation partners, and our transparent approach with the CNSC to ensure a robust and thorough review that meets the highest standards of environmental protection for the sustainable development of the Rook I Project. Since inception, our honest and innovative holistic approach to the successful development of this generational project has set new industry standards as to what is possible, whilst positively impacting all our valued stakeholders.

Together with the Clearwater River Dene Nation, Métis Nation – Saskatchewan Northern Region 2 and Métis Nation – Saskatchewan , Buffalo River Dene Nation, and Birch Narrows Dene Nation, we are construction ready to deliver transformative and unprecedented social, economic and environmental benefits to local communities, the Province of Saskatchewan, Canada , and the world.

We're not just developing a mine - we're building strong communities while shaping a sustainable and secure global energy future. With over $800 million in cash and liquid assets, we are ready pending a positive Commission decision with all activities required to immediately commence major site works in place."

NexGen is poised to propel Canada back to the forefront of global clean energy fuel production. The Rook I Project embodies NexGen's commitment to elite environmental performance, unprecedented community inclusion, and responsible alignment with global net-zero goals.

About NexGen

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest, low-cost producing uranium mine globally, incorporating the most elite standards in environmental and social governance. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines the elite environmental performance and industry leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations, and closure. NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically, and environmentally. The Project and prospective portfolio in northern Saskatchewan will provide generational long-term economic, environmental, and social benefits for Saskatchewan, Canada , and the world.

NexGen is listed on the Toronto Stock Exchange and the New York Stock Exchange under the ticker symbol "NXE," and on the Australian Securities Exchange under the ticker symbol "NXG," providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security, and access to power. The Company is headquartered in Vancouver, British Columbia , with its primary operations office in Saskatoon , Saskatchewan.

Cautionary Note to U.S. Investors

This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission ("SEC") set by the SEC's rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to estimates for CapEx, OpEx and a payback period of 12 months, the appointment of a lead lender group, the availability of financing for the Project, the advancement of detailed engineering and contract negotiations, bolstering the globe's uranium supply chains to meet the rising demand for nuclear energy, the timing and cost of reclamation, including as part of the UGTMF and after-tax free cash flow remaining materially consistent with the FS, Free Cash Flow, Payback Period and IRR relative to various uranium prices, the delivery of clean energy fuel for the future, the development of the largest low cost producing uranium mine globally and incorporating elite standards in environmental and social governance, delivering a project that leads the entire mining industry socially, technically and environmentally, providing generational long-term economic, environmental and social benefits for Saskatchewan, Canada and the world, planned exploration and development activities and budgets, the interpretation of drill results and other geological information, mineral reserve and resource estimates (to the extent they involve estimates of the mineralization that will be encountered if a project is developed), requirements for additional capital, capital costs, operating costs, cash flow estimates, production estimates, the future price of uranium and similar statements relating to the economics of a project, including the Rook I Project. Generally, forward-looking information and statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

Forward-looking information and statements are based on NexGen's current expectations, beliefs, assumptions, estimates and forecasts about its business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including, among others, that financing for the Project will be available in a timely manner and on terms acceptable to the Company, the results of planned exploration and development activities will be as anticipated and on time; the price of uranium; the cost of planned exploration and development activities; that, as plans continue to be refined for the development of the Rook I Project, there will be no changes in costs, engineering details or specifications that would materially adversely affect its viability; that financing will be available if and when needed and on reasonable terms; that third-party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration and development activities will be available on reasonable terms and in a timely manner; that there will be no revocation of government approvals; that general business, economic, competitive, social and political conditions will not change in a material adverse manner; the assumptions underlying the Company's mineral reserve and resource estimates and updated/revised CapEx, OpEx, SusEx, and pay back period; assumptions made in the interpretation of drill results and other geological information; the ability to achieve production on the Rook I Project; and other estimates, assumptions and forecasts disclosed in the Feasibility Study for the Rook I Project. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements were considered reasonable by management at the time they were made, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third-party financing, uncertainty of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, the imprecision of mineral reserve and resource estimates, the price and appeal of alternate sources of energy, sustained low uranium prices, aboriginal title and consultation issues, development risks, climate change, uninsurable risks, reliance upon key management and other personnel, risks related to title to its properties, information security and cyber threats, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, changes in laws, regulations and policy, competition for resources, political and regulatory risks, general inflationary pressures, industry and economic factors that may affect the business, and other factors discussed or referred to in the Company's most recent Annual Information Form under "Risk Factors" and management's discussion and analysis under "Other Risks Factors" filed on SEDAR+ at www.sedarplus.ca and 40-F filed on Edgar at www.sec.gov .

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

View original content to download multimedia: https://www.prnewswire.com/news-releases/nexgen-achieves-major-permitting-milestone-302309673.html

SOURCE NexGen Energy Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/19/c8458.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Foremost Clean Energy Announces Strategic Engagement with Red Cloud Financial Services

Foremost Clean Energy Ltd. ( NASDAQ: FMST ) ( CSE: FAT ) (" Foremost " or the " Company "), an emerging North American uranium and lithium exploration company, is pleased to announce today that it has entered into a strategic agreement (the " Agreement ") with Red Cloud Financial Services Inc. (" RCFS" or " Red Cloud "), an arms-length independent contractor, to provide promotional services, including advice on marketing, communications and social media activities. Under the engagement, Red Cloud will be paid a fee of $10,000 per month effective October 14, 2024, for a twelve-month term which automatically renews month-to-month thereafter unless either party provides written notice of termination to the other party thirty (30) days prior to the date of termination.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

US Plans to Triple Nuclear Power Capacity by 2050

The Biden administration has announced a strategic roadmap to significantly expand the United States' nuclear energy capacity, setting a target to triple capacity by 2050.

In a new nine pillar framework, the Biden-Harris administration has laid out its plans to add 200 gigawatts (GW) of new nuclear energy through new reactor builds, reactivations and upgrades to existing facilities.

The initiative seeks to meet a growing demand for reliable, carbon-free power as the nation transitions away from fossil fuels and toward cleaner energy sources.

Keep reading...Show less

Paladin Cuts Uranium Production Forecast, Share Price Declines

Shares of Paladin Energy (ASX:PDN,OTCQX:PALAF) declined this week after the company shared an update on its Langer Heinrich mine and revised its 2025 fiscal year production guidance.

The company now expects the mine to produce 3 million to 3.6 million pounds of U3O8, lower than its earlier prediction of 4 million to 4.5 million pounds. According to Paladin, the drop is the result of lower-than-expected output in October, which was caused by water supply disruptions, as well as continued variability in stockpiled ore.

Production from Langer Heinrich amounted to 186,667 pounds during the month.

Keep reading...Show less

DDH	Intended Target	East	North	Elevation	Az.	Dip	EOH	Radioactivity (>300 cps)	Assay Results (>0.05 wt% U₃O₈)
AK24-117		526142	6372902	465	90	-75	227	368 cps over 0.45 m at 74.4 m	0.09% over 0.45 m at 74.4 m
								301 cps over 1.8 m at 108.3 m	No significant results
	Pod 6 - updip							409 cps over 6.25 m at 117.25 m	0.07% over 0.5 m at 118.0 m 0.06% over 1.0 m at 121.5 m
	Pod 6 - updip							426 cps over 12.55 m at 128.1 m	0.07% over 7.5 m at 128.5 m 0.05% over 1.5 m at 139.0 m
	Pod 6 - updip							327 cps over 6.4 m at 145.2 m	0.11% over 1.0 m at 145.5 m
								399 cps over 0.65 m at 160.95 m	0.08% over 0.5 m at 161.0 m
AK24-118		526142	6372902	465	118	-71	257	456 cps over 0.8 m at 89.3 m	0.15% over 0.85 m at 89.2 m
								350 cps over 0.5 m at 92.7 m	0.09% over 0.3 m at 92.7 m
	Pod 6 - southern strike							392 cps over 2.6 m at 119.1 m	0.09% over 1.1 m at 119.4 m
	Pod 6 - southern strike							315 cps over 3.1 m at 131.8 m	0.05% over 0.5 m at 133.0 m
	Pod 6 - southern strike							1,115 cps over 13.3 m at 149.3 m	0.59% over 8.5 m at 153.0 m
							Includes		1.25% over 1.5 m at 155.5 m
AK24-119	Pod 6 - northern strike	526133	6372907	463	65	-75	230	300 cps over 8.5 m at 109.5 m	0.07% over 0.5 m at 104.5 m
	Pod 6 - northern strike							907 cps over 34.05 m at 131.1 m	0.28% over 21.0 m at 141.0 m
	Pod 6 - northern strike						Includes	9,173 cps over 0.4 m at 144.6 m	1.55% over 1.5 m at 143.5 m
3 DDH							7,372.4	3 DDH	3 DDH

NOTES: East and North units are metres using NAD83 datum, UTM Zone 13N
Elevation is recorded as "metres above sea level"
Az. = Azimuth, EOH = End of hole (measured in metres)
Composite "Radioactivity (>300 cps)" results use 300 cps cut-off and do not contain greater than 2.0 m consecutive dilution (i.e., dilution is
Composite "Radioactivity (>300 cps)" results for "Includes" use 5,000 cps cut-off and do not contain greater than 2.0 m consecutive dilution (i.e., dilution is
Composite "Assay Results (>0.05 wt% U₃O₈) results use 0.05% U₃O₈ cut-off and do not contain greater than 2.0 m consecutive dilution (i.e., dilution is 3O₈)
Composite "Assay Results (>0.05 wt% U₃O₈" ) for "Includes" use 1.00% U₃O₈ cut-off and do not contain greater than 2.0 m consecutive dilution (i.e., dilution is 3O₈)

DDH	Target Area	Intended Target	East	North	Elevation	Az.	Dip	EOH	Radioactivity (>300 cps)	Assay Results (>0.05 wt% U₃O₈)
AK24-117*	ACKIO	Pod 6	526142	6372902	465	90	-75	227	368 cps over 0.45 m at 74.4 m	Assay results pending
		Pod 6							301 cps over 1.8 m at 108.3 m	Assay results pending
		Pod 6							409 cps over 6.25 m at 117.25 m	Assay results pending
		Pod 6							426 cps over 12.55 m at 128.1 m	Assay results pending
		Pod 6							327 cps over 6.4 m at 145.2 m	Assay results pending
		Pod 6							399 cps over 0.65 m at 160.95 m	Assay results pending
AK24-118*	ACKIO	Pod 6	526142	6372902	465	118	-71	257	456 cps over 0.8 m at 89.3 m	Assay results pending
		Pod 6							350 cps over 0.5 m at 92.7 m	Assay results pending
		Pod 6							392 cps over 2.6 m at 119.1 m	Assay results pending
		Pod 6							315 cps over 3.1 m at 131.8 m	Assay results pending
		Pod 6							1,115 cps over 13.3 m at 149.3 m	Assay results pending
AK24-119*	ACKIO	Pod 6	526133	6372907	463	65	-75	230	300 cps over 8.5 m at 109.5 m	Assay results pending
		Pod 6							907 cps over 34.05 m at 131.1 m	Assay results pending
		Pod 6				Includes			9,173 cps over 0.4 m at 144.6 m	Assay results pending
AK24-120	ACKIO	Exploration - Depth	526210	6373081	464	270	-70	512	No significant results
AK24-121	ACKIO	Exploration - Depth	526317	6372980	465	270	-70	452	No significant results
AK24-122	ACKIO	Exploration - Depth	526420	6372880	467	270	-70	446	No significant results
AK24-123	ACKIO	Exploration - SE Strike	526450	6372680	467	270	-65	369	No significant results
AK24-124	ACKIO	Exploration - UC	526335	6372730	466	90	-90	200	No significant results
AK24-125	ACKIO	Exploration - UC	526335	6372730	466	90	-60	331.65	495 cps over 0.3 m at 132.75 m	Assay results pending
AK24-126	ACKIO	Exploration - UC	526342	6372830	466	90	-70	269	No significant results
AK24-127	ACKIO	Exploration - UC	526362	6372928	467	90	-80	215	330 cps over 0.15 m at 53.4 m	Assay results pending
		Exploration - UC							330 cps over 0.1 m at 55.9 m	Assay results pending
		Exploration - UC							320 cps over 0.25 m at 115.75 m	Assay results pending
AK24-128	ACKIO	Exploration - NW Strike	526062	6373080	466	270	-60	200	302 cps over 1.85 m at 47.7 m	Assay results pending
		Exploration - NW Strike							370 cps over 0.1 m at 50.0 m	Assay results pending
		Exploration - NW Strike							300 cps over 0.6 m at 50.65 m	Assay results pending
		Exploration - NW Strike							310 cps over 0.15 m at 58.6 m	Assay results pending
		Exploration - NW Strike							460 cps over 0.1 m at 59.1 m	Assay results pending
		Exploration - NW Strike							300 cps over 0.2 m at 62.9 m	Assay results pending
		Exploration - NW Strike							418 cps over 0.9 m at 109.05 m	Assay results pending
AK24-129	ACKIO	Exploration - UC	526231	6372800	467	270	-90	188	324 cps over 0.65 m at 80.65 m	Assay results pending
AK24-130	ACKIO	Exploration - SE Strike	526453	6372383	468	250	-60	281	No significant results
AK24-131	ACKIO	Pod 8	526135	6372836	464	76	-65	242	No significant results
AK24-132	ACKIO	Pod 8	526135	6372836	464	76	-59	218	No significant results
AK24-133	ACKIO	Pod 8	526124	6372879	465	90	-60	224	397 cps over 1.10 m at 112.4 m	Assay results pending
		Pod 8							341 cps over 0.55 m at 116.7 m	Assay results pending
		Pod 8							350 cps over 0.8 m at 120.3 m	Assay results pending
		Pod 8							396 cps over 11.65 m at 128.95 m	Assay results pending
		Pod 8							444 cps over 1.2 m at 155.5 m	Assay results pending
AK24-134	ACKIO	Pod 1	526091	6372932	463	267	-50	191	386 cps over 6.05 m at 53.2 m	Assay results pending
		Between Pods 1 & 7							400 cps over 0.5 m at 74.0 m	Assay results pending
		Pod 7							1,035 cps over 11.0 m at 101.3 m	Assay results pending
		Pod 7						includes	6,621 cps over 0.7 m at 103.9 m	Assay results pending
		Pod 7							400 cps over 0.05 m at 128.2 m	Not sampled
		Pod 7							500 cps over 4.75 m at 131.9 m	Assay results pending
		Pod 7							6,344 cps over 0.3 m at 138.9 m	Assay results pending
AK24-135B	ACKIO	Pod 1	526091	6372932	463	267	-50	185	410 cps over 0.6 m at 41.6 m	Assay results pending
		Pod 1							478 cps over 0.4 m at 44.0 m	Assay results pending
		Pod 1							417 cps over 1.55 m at 47.0 m	Assay results pending
		Pod 1							442 cps over 0.6 m at 53.3 m	Assay results pending
		Pod 1							465 cps over 0.2 m at 55.9 m	Assay results pending
		Pod 7							438 cps over 1.25 m at 89.45 m	Assay results pending
		Pod 7							983 cps over 28.65 m at 98.2 m	Assay results pending
		Pod 7						includes	5,920 cps over 0.15 m at 123.1 m	Assay results pending
		Pod 7							623 cps over 0.6 m at 156.3 m	Assay results pending
AK24-136	ACKIO	Pod 1	526091	6372932	463	245	-55	208.45	380 cps over 0.2 m at 52.4 m	Assay results pending
		Pod 1							414 cps over 0.75 m at 56.7 m	Assay results pending
		Between Pods 1 & 7							366 cps over 4.6 m at 74.0 m¹	Assay results pending
		Pod 7							328 cps over 6.3 m at 103.8 m	Assay results pending
		Pod 7							800 cps over 5.15 m at 113.5 m	Assay results pending
		Pod 7						includes	10,455 cps over 0.2 m at 118.45 m	Assay results pending
		Pod 7							320 cps over 0.05 m at 125.9 m	Assay results pending
		Pod 7							471 cps over 0.45 m at 129.4 m	Assay results pending
AK24-137	ACKIO	Pod 1	526091	6372932	463	241	-69	191	1,236 cps over 8.95 m at 37.35 m²	Assay results pending
		Pod 1						includes	5,827 cps over 0.2 m at 39.35 m	Assay results pending
		Pod 1							325 cps over 3.4 m at 50.5 m	Assay results pending
		Pod 1							330 cps over 0.15 m at 58.85 m	Assay results pending
		Pod 7							302 cps over 4.4 m at 96.55 m	Assay results pending
		Pod 7							365 cps over 3.4 m at 105.25 m	Assay results pending
		Pod 7							380 cps over 0.1 m at 120.35 m	Assay results pending
		Pod 7							684 cps over 0.3 m at 124.7 m	Assay results pending
		Pod 7							1,272 cps over 13.3 m at 127.5 m	Assay results pending
		Pod 7						includes	5,000 cps over 0.2 m at 130.1 m	Assay results pending
		Pod 7						and includes	7,000 cps over 0.05 m at 132.1 m	Assay results pending
		Pod 7						and includes	5,600 cps over 0.85 m at 132.7 m	Assay results pending
		Pod 7						and includes	10,600 cps over 0.1 m at 134.55 m	Assay results pending
		Pod 7							1,122 cps over 4.85 m at 142.9 m	Assay results pending
		Pod 7						includes	5,600 cps over 0.25 m at 143.15 m	Assay results pending
		Pod 7						and includes	6,500 cps over 0.1 m at 146.15 m	Assay results pending
		Pod 7							1,063 cps over 1.45 m at 150.65 m	Assay results pending
		Pod 7						includes	10,000 cps over 0.1 m at 150.65 m	Assay results pending
AK24-138	ACKIO	Pod 7	526060	6372968	462	251	-60	152	388 cps over 11.2 m at 64.85 m³	Assay results pending
		Pod 7							905 cps over 26.5 m at 79.55 m	Assay results pending
		Pod 7						includes	7,000 cps over 0.1 m at 89.05 m	Assay results pending
		Pod 7						and includes	6,300 cps over 0.1 m at 96.4 m	Assay results pending
		Pod 7						and includes	5,500 cps over 0.1 m at 97.55 m	Assay results pending
		Pod 7						and includes	5,290 cps over 0.6 m at 101.5 m	Assay results pending
		Pod 7							454 cps over 0.75 m at 108.35 m	Assay results pending
		Pod 7							738 cps over 0.8 m at 111.95 m	Assay results pending
AK24-139	ACKIO	Pod 7	526060	6372968	462	281	-45	179	369 cps over 0.85 m at 62.15 m	Assay results pending
		Pod 7							300 cps over 0.4 m at 65.0 m	Assay results pending
		Pod 7							664 cps over 24.7 m at 68.45 m	Assay results pending
		Pod 7							305 cps over 0.05 m at 96.35 m	Assay results pending
		Pod 7							495 cps over 0.1 m at 98.25 m	Assay results pending
		Pod 7							388 cps over 0.2 m at 101.45 m	Assay results pending
		Pod 7							360 cps over 0.1 m at 134.45 m	Assay results pending
		Pod 7							380 cps over 0.15 m at 137.9 m	Assay results pending
AK24-140	ACKIO	Pod 9	525979	6373079	461	80	-65	275	360 cps over 0.4 m at 82.3 m	Assay results pending
		Pod 9							320 cps over 1.6 m at 88.9 m	Assay results pending
		Pod 9							350 cps over 0.25 m at 92.75 m	Assay results pending
		Pod 9							300 cps over 0.6 m at 99.9 m	Assay results pending
AK24-141	ACKIO	Pod 9	525979	6373079	461	93	-76	365	988 cps over 1.65 m at 91.8 m	Assay results pending
		Pod 9							340 cps over 0.1 m at 180.7 m	Assay results pending
		Pod 9							300 cps over 0.2 m at 271.4 m	Assay results pending
		Pod 9							360 cps over 0.2 m at 272.95 m	Assay results pending
		Pod 9							310 cps over 0.15 m at 274.3 m	Assay results pending
AK24-142	ACKIO	Pod 9	525979	6373091	462	85	-78	343.3	300 cps over 0.15 m at 68.0 m	Assay results pending
		Pod 9							458 cps over 1.35 m at 77.25 m	Assay results pending
		Pod 9							550 cps over 0.1 m at 102.1 m	Assay results pending
		Pod 9							440 cps over 0.1 m at 112.25 m	Assay results pending
		Pod 9							757 cps over 0.2 m at 114.1 m	Assay results pending
		Pod 9							500 cps over 0.15 m at 116.45 m	Assay results pending
		Pod 9							374 cps over 0.45 m at 184.0 m	Assay results pending
		Pod 9							380 cps over 0.2 m at 184.8 m	Assay results pending
		Pod 9							400 cps over 0.1 m at 185.4 m	Assay results pending
		Pod 9							347 cps over 0.45 m at 276.2 m	Assay results pending
AK24-143	ACKIO	Pod 1	526101	6373029	463	265	-55	221	330 cps over 0.45 m at 46.9 m	Assay results pending
		Pod 1							397 cps over 21.25 m at 59.5 m⁴	Assay results pending
		Exploration - NW Strike							300 cps over 0.1 m at 90.3 m	Assay results pending
		Exploration - NW Strike							360 cps over 0.3 m at 97.7 m	Assay results pending
		Exploration - NW Strike							300 cps over 0.15 m at 101.0 m	Assay results pending
		Exploration - NW Strike							453 cps over 0.3 m at 123.6 m	Assay results pending
		Exploration - NW Strike							330 cps over 2.1 m at 125.7 m	Assay results pending
		Exploration - NW Strike							450 cps over 0.5 m at 130.75 m	Assay results pending
		Exploration - NW Strike							344 cps over 4.35 m at 136.1 m	Assay results pending
		Exploration - NW Strike							300 cps over 0.2 m at 152.6 m	Assay results pending
		Exploration - NW Strike							380 cps over 0.25 m at 153.65 m	Assay results pending
		Exploration - NW Strike							388 cps over 3.35 m at 155.65 m	Assay results pending
AK24-144	ACKIO	Pod 1	526080	6373029	463	265	-55	200	500 cps over 0.25 m at 44.5 m	Assay results pending
		Pod 1							375 cps over 10.45 m at 50.0 m	Assay results pending
		Pod 1							300 cps over 0.1 m at 64.4 m	Assay results pending
		Pod 1							300 cps over 0.1 m at 65.3 m	Assay results pending
		Exploration - NW Strike							800 cps over 0.3 m at 98.75 m	Assay results pending
		Exploration - NW Strike							350 cps over 0.55 m at 142.3 m	Assay results pending
28 DDH								7,372.4	19 DDH	0 DDH

DDH	Target Area	Location	East	North	Elevation	Az.	Dip	EOH	Radioactivity (>300 cps)	Assay Results (>0.05 wt% U₃O₈)
AK24-117	ACKIO	Pod 6 - Centre				90	-70	227	368 cps over 0.45 m at 74.4 m	Assay results pending
									301 cps over 1.8 m at 108.3 m	Assay results pending
									409 cps over 6.25 m at 117.25 m	Assay results pending
									426 cps over 12.55 m at 128.1 m	Assay results pending
									327 cps over 6.4 m at 145.2 m	Assay results pending
									399 cps over 0.65 m at 160.95 m	Assay results pending
AK24-118	ACKIO	Pod 6 - Edge				118	-71	257	456 cps over 0.8 m at 89.3 m	Assay results pending
									350 cps over 0.5 m at 92.7 m	Assay results pending
									392 cps over 2.6 m at 119.1 m	Assay results pending
									315 cps over 3.1 m at 131.8 m	Assay results pending
									1,115 cps over 13.3 m at 149.3 m	Assay results pending
AK24-119	ACKIO	Pod 6 - Edge				65	-75	230	300 cps over 8.5 m at 109.5 m	Assay results pending
									907 cps over 34.05 m at 131.1 m	Assay results pending
						Includes			9,173 cps over 0.4 m at 144.6 m	Assay results pending
3 DDH								714	3 DDH	0 DDH
NOTES: East and North units are metres using NAD83 datum, UTM Zone 13N
Elevation is recorded as "metres above sea level"
Az. = Azimuth, EOH = End of hole (measured in metres)
Composite radioactivity results use 300 cps cut-off and do not contain greater than 2.0 m consecutive dilution
Composite radioactivity results for "Includes/And Includes" use 5,000 cps cut-off and do not contain greater than 2.0 m consecutive dilution

Baselode Continues to Hit Near-Surface Mineralization and Some of the Strongest Intersections of Elevated Radioactivity

Baselode Energy Investor Kit

GET YOUR FREE INVESTOR KIT

Overview

Company Highlights

Resource update underway in preparation for bringing significant satellite deposits into the mine plan

Strategy aligns with global efforts to expand nuclear power

Private sector support for nuclear energy in full swing

Latest News

Baselode Energy Investor Kit

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

TOP STOCKS