Bullish Uranium Sparks Increased Investor Interest in Exploration, Basin Energy CEO Says

As more countries renew their commitments to nuclear energy as a way forward toward decarbonization, Basin Energy (ASX:BSN) CEO Pete Moorhouse believes proven uranium jurisdictions like the Athabasca Basin will continue to see increased investor traction.

Speaking to the Investing News Network during the 2024 Prospectors & Developers Association of Canada convention, he said there has been a “massive increase” in interest in Basin Energy.

“We set out … specifically to provide the ASX with a uranium pure-play exploration company,” Moorhouse said. “We had an opportunity to really scour the Earth … so we went out, we looked for jurisdiction, we looked for explorability, where you can actually explore for these large-scale deposits with a sensible market cap.”

Basin Energy has three projects located in Saskatchewan's Athabasca Basin: North Millennium, Geikie and Marshall. All are in close proximity to world-class, high-grade uranium discoveries and mining operations, including Baselode Energy’s (TSXV:FIND,OTCQB:BSENF) ACKIO discovery and 92 Energy’s (ASX:92E,OTCQX:NTELF) Gemini discovery.

When asked about the company’s plans for 2024, Moorhouse said, “I hope to be in a position to be able to advance North Millennium or Marshall, subject to the results of the (digital elevation model) surveys. Lots of newsflow coming: drilling is now, AM (survey is) happening now. With further money, we’d be able to do more drilling all in the next six to eight months. So, exciting times.”

Watch the full interview with Basin Energy CEO Pete Moorhouse above.