Baselode Announces $1.2M Private Placement

Baselode Energy Corp. ("Baselode" or the "Company") (TSXV: FIND) is pleased to announce a non-brokered private placement of flow-through units (the "FT Units") and non-flow-through units (the "NFT Units") for gross proceeds of up to $1,200,000 (the "Offering"). Red Cloud Securities Inc. is acting as a finder in connection with the Offering.

"The company recently received final results from the Mobile MT survey at our 100% owned Shadow Project that are highlight attractive. The survey outlined an extensive structural network which shares geophysical similarities with other high-grade uranium deposits, such as NexGen's Arrow and Cameco's Key Lake deposits. This financing will allow us to initiate a maiden diamond drill program to test these shallow targets," said James Sykes, President & CEO

Each FT Unit is being offered at a price of C$0.26 and will be comprised of one common share of the Company and one half non flow-through common share purchase warrant (a "Warrant"). Concurrently, NFT Units will be offered at a price of $0.26 per NFT Unit consisting of one common share and one common share purchase warrant. One common share purchase warrant from either the FT Units or the NFT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.40 for a period expiring 30 months following the closing date of the Offering.

The net proceeds from the Offering will be used for general corporate purposes but primarily used for exploration work at the company's Shadow Project and Hook Project. Both projects are testing for basement uranium targets in the Athabasca Basin in Saskatchewan, Canada.

About Baselode Energy

Baseload is a uranium exploration company less than 29 million shares outstanding. Baselode is focused on discovering a uranium orebody in the Athabasca basin in Saskatchewan, Canada.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) 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 filings by the Company 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

View original content: https://www.newswire.ca/en/releases/archive/September2020/14/c6210.html

Baselode Energy Corp., FIND on the TSXV, James Sykes, President and CEO, jsykes@uraniumgeologist.com, 306-221-8717, www.baselode.comCopyright CNW Group 2020

News Provided by Canada Newswire via QuoteMedia

Baselode Energy TSXV:FIND Uranium Investing

Major 50% Upgrade Boosts Lo Herma Uranium Resource to 8.57Mlbs, Scoping Study Initiated

GTI Energy Ltd (GTI or Company) is pleased to update the uranium Mineral Resource Estimate (MRE) at its Lo Herma Project (Lo Herma or the Project) located in Wyoming’s Powder River Basin (Figure 1). The MRE for the Project is focused on mining by In-Situ Recovery (ISR) methods and is reported at an appropriate cut-off grade of 200 ppm U₃O₈ and a minimum grade thickness (GT) of 0.2 per mineralised horizon as:

6.21 million tonnes of total mineralisation at average grade of 630 ppm eU₃O₈ for 8.57 million pounds (Mlbs) of eU₃O₈ contained metal classified as 2.78Mlbs of Indicated (32%) and 5.79Mlbs of Inferred.

Keep reading...Show less

Nick Hodge: Uranium and Gold Outlook for 2025, Plus Battery Passport Profits

In an interview at the New Orleans Investment Conference, Nick Hodge, publisher at Digest Publishing, discussed the growing prevalence of "battery passports" and the investment angle he sees there.

He also shared his thoughts on how to invest in uranium at this point in the cycle, saying that power-intensive artificial intelligence (AI) data centers are boosting demand for the commodity, which was already strong.

"I've been a uranium bull for a long time — our moment is here. You can't have AI without uranium," said Hodge.

Keep reading...Show less

Nuclear Fuels CEO and President Greg Huffman.

Nuclear Fuels Aims to Boost US Domestic Uranium Supply Chain, CEO Greg Huffman says

Issues facing the global uranium supply chain have created a significant opportunity for emerging explorers and producers to leverage the growing demand for nuclear energy and build more secure and stable domestic supply chains.

In an interview with the Investing News Network, Nuclear Fuels (CSE:NF) CEO and President Greg Huffman said his company is strategically positioned to supply growing US uranium demand by advancing its uranium projects in Wyoming.

“We have massive, massive increases in terms of expected demand for uranium,” he said. “What we at Nuclear Fuels are focused on is being able to come up with new sources of domestic US uranium to help supply that increase in demand for nuclear power.”

Keep reading...Show less

Laramide's 2024 Drill Program Continues to Return Strong Results at the Westmoreland Project in Queensland, Australia, including Notable Gold Mineralisation

Highlights:

Results continue to demonstrate the potential to link the Huarabagoo and Junnagunna uranium deposits
- HJ24DD017 – 25.00m @ 393.64 ppm (0.04%) U ₃ O ₈ from 15.00m ,
  - including 1.00m @ 1,015.29 ppm (0.10%) U ₃ O ₈ from 28.00m
  - and 1.00m @ 2,128.46 ppm (0.21%) U ₃ O ₈ from 34.00m
- HJ24DD019 – 6.00m @ 1,177.43 ppm (0.12%) U ₃ O ₈ from 87.00m ,
  - including 4.00m @ 1,520.58 ppm (0.15%) U ₃ O ₈ from 89.00m
Uranium mineralisation at Huarabagoo continues to deliver impressive results including:
- HB24DD010 – 15.60m @ 2,237.03 ppm (0.22%) U ₃ O ₈ and 0.53 g/t Au from 68.40m ,
  - including 1.00m @ 2,264.06 ppm (0.23%) U ₃ O ₈ and 0.23 g/t Au from 70.00m
  - and 7.00m @ 4311.16 ppm (0.43%) U ₃ O ₈ and 0.10 g/t Au from 76.00m
  - with highest intercept result of 1.00m @ 1.42% U ₃ O ₈ and 0.01 g/t Au from 80.00m
Broad zones of gold mineralisation were also intercepted with grades up to 24.2g/t Au
- HB24DD008 – 19.00m @ 620.58 ppm (0.06%) U ₃ O ₈ and 1.95 g/t Au from 48.00m ,
  - including 2.00m @ 1,720.45 ppm (0.17%) U ₃ O ₈ and 1.64 g/t Au from 57.00m
  - and 2.00m @ 2,202.16 ppm (0.22%) U ₃ O ₈ and 12.39 g/t Au from 64.00m
  - with highest intercept result of 1.00m @ 2,299.44 ppm (0.22%) U ₃ O ₈ and 24.20g/t Au from 65.00m
- HB24DD006 – 8.00m @ 1,449.86 ppm (0.14%) U ₃ O ₈ & 0.22 g/t Au from 36.00m ,
  - including 1.70m @ 6,208.83 ppm (0.62%) U ₃ O ₈ & 0.78 g/t Au from 37.60m .
New Exploration Permit (EPM 28807) granted adjacent to Westmoreland Project adding 327km ² of highly prospective tenure in NW Queensland

Laramide Resources Ltd. ( "Laramide" or the "Company" ) (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company with globally significant assets in the United States and Australia is pleased to announce another batch of assay results from the 2024 drilling campaign completed at the Westmoreland Uranium Project in Queensland, Australia ( "Westmoreland" ) and the receipt of a permit for exploration for a large land package immediately east of and adjacent to the current Westmoreland land tenure.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Table 1: Significant intercepts >100ppm U ₃ O ₈
Hole number	From	To	Length (m)	U ₃ 0 ₈ ppm	Au g/t
HB24DD005	47	50	3	371.49	0.18
HB24DD005	55.4	63	7.6	162.71	0.03
HB24DD005	70	74	4	150.17	0.01
HB24DD005	103	111	8	102.27	0.01
HB24DD006	30	33	3	307.07	0.15
HB24DD006	36	44	8	1449.86	0.22
including	37.3	39	1.7	6208.83	0.78
HB24DD006	79	80	1	155.06	0.02
HB24DD007	60	76	16	2151.24	0.01
including	60	72	12	2816.22	0.01
HB24DD007	80	82	2	192.50	0.03
HB24DD007	86	87	1	121.46	0.01
HB24DD008	33	34	1	101.88	0.01
HB24DD008	40	42	2	222.28	0.02
HB24DD008	48	67	19	620.58	1.95
including	57	59	2	1720.45	1.64
and	64	66	2	2202.16	12.39
HB24DD008	73	74	1	190.44	0.23
HB24DD008	81	84	3	487.72	0.03
including	83	84	1	1084.86	0.04
HB24DD009	58	62	4	236.11	0.04
HB24DD009	76	77	1	116.27	0.01
HB24DD009	78	79	1	153.30	0.01
HB24DD010	15	17	2	574.86	0.15
including	15	16	1	1007.04	0.25
HB24DD010	33	41.3	8.3	336.50	0.08
including	40	41.3	1.3	1379.66	0.35
HB24DD010	44	47	3	1339.85	1.18
including	44	45.65	1.65	2191.03	0.96
HB24DD010	53.25	62	8.75	1115.03	1.44
including	53.25	56.1	2.85	2785.70	0.22
HB24DD010	68.4	84	15.6	2237.03	0.53
including	70	71	1	2264.06	0.23
and	76	83	7	4311.16	0.10
with ^#	80	81	1	1.42 %	0.01
HB24DD010	88	89	1	131.48	0.01
HJ24DD014	25.55	27	1.45	180.42	0.01
HJ24DD014	79	80	1	310.13	0.01
HJ24DD014	125	126	1	113.20	0.02
HJ24DD015	95	96	1	321.92	0.40
HJ24DD015	101	103	2	191.03	0.10
HJ24DD015	133	135	2	1229.32	0.02
including	133	135	2	1229.32	0.02
HJ24DD016	69.35	73	3.65	772.12	0.12
including	69.35	70.15	0.8	1285.33	0.15
and	71	72	1	1044.77	0.14
HJ24DD016	76	87	11	229.76	0.02
HJ24DD016	104.4	106	1.6	130.89	0.01
HJ24DD017	15	40	25	393.64	0.01
including	28	29	1	1015.29	0.01
and	34	35	1	2128.46	0.01
HJ24DD017	48	49	1	128.53	0.01
HJ24DD017	51	52	1	142.68	0.01
HJ24DD017	68	69	1	114.85	0.01
HJ24DD017	72	78	6	161.69	0.01
HJ24DD018	21	22	1	277.11	0.01
HJ24DD018	29	32	3	477.18	0.01
HJ24DD018	106	115	9	770.03	0.05
including	111	113	2	2953.90	0.18
HJ24DD019	87	93	6	1177.43	0.04
including	89	93	4	1520.58	0.01
HJ24DD020	70	71	1	199.87	0.01
HJ24DD020	95.55	100	4.45	163.33	0.01
HJ24DD020	104	108	4	196.04	0.01
HJ24DD020	113	114	1	178.65	0.01
HJ24DD020	119	120	1	203.41	0.01
HJ24RC016	35	40	5	176.13	0.01
HJ24RC016	43	44	1	114.62	0.01
HJ24RC016	48	51	3	195.16	0.01
HJ24RC016	62	63	1	109.90	0.01
HJ24RC017	22	23	1	120.87	0.01
HJ24RC018	No significant intercepts to report
HJ24RC019	14	19	5	166.08	0.01

Table 2: Significant intercepts >0.1 g/t Au
Hole number	From	To	Length (m)	U ₃ 0 ₈ ppm	Au g/t
HB24DD005	47	47.7	0.7	233.48	0.51
HB24DD005	48.85	50	1.15	749.97	0.13
HB24DD005	55.4	56	0.6	244.09	0.10
HB24DD006	32	33	1	274.75	0.35
HB24DD006	37.3	39	1.7	6208.83	0.78
HB24DD006	43	44	1	341.97	0.21
HB24DD006	82	83	1	38.68	0.48
HB24DD006	86	87	1	58.25	0.43
HB24DD007	21	22	1	17.92	0.36
HB24DD008	48	51	3	343.34	0.46
HB24DD008	57	60.15	3.15	1220.21	1.10
including	57	58	1	2185.06	2.89
with	57.6	58	0.4	3631.94	5.96
HB24DD008	64	71	7	781.46	4.60
including	64	67	3	1733.42	10.60
with ^#	65	66	1	2299.44	24.2
HB24DD008	73	74	1	190.44	0.23
HB24DD008	79	80	1	30.66	0.10
HB24DD010	15	16	1	1007.04	0.25
HB24DD010	40	41.3	1.3	1379.66	0.35
HB24DD010	44	62	18	778.72	1.34
including	44	47	3	1339.85	1.18
with	52	53.25	1.25	54.01	5.51
including	56.1	60	3.9	259.61	2.92
with	56.1	58	1.9	139.39	5.41
HB24DD010	70	71	1	2264.06	0.23
HB24DD010	73	77	4	855.21	1.97
including	74	77	3	1053.42	2.54
with	74	76	2	545.38	3.54
HJ24DD016	69.35	72	2.65	974.04	0.14
HJ24DD018	111	113	2	2953.90	0.18
HJ24DD019	43	44	1	4.36	0.41
HJ24DD019	88	89	1	841.95	0.15
HJ24RC019	108	109	1	45.75	0.21

Baselode Announces $1.2M Private Placement

Baselode Energy Investor Kit

GET YOUR FREE INVESTOR KIT

Overview

Company Highlights

Latest News

Baselode Energy Investor Kit

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

TOP STOCKS