Duyuru • Jul 10
Basin Uranium Corp., Annual General Meeting, Aug 29, 2025 Basin Uranium Corp., Annual General Meeting, Aug 29, 2025. Duyuru • Jun 28
Nexus Uranium Corp. (CNSX:NEXU) entered into a definitive arrangement agreement to acquire Basin Uranium Corp. (CNSX:NCLR)) for approximately CAD 3 million. Nexus Uranium Corp. (CNSX:NEXU) entered into a definitive arrangement agreement to acquire Basin Uranium Corp. (CNSX:NCLR) for approximately CAD 3 million on June 25, 2025. The consideration consists of common equity of Nexus Uranium Corp. at a ratio of 1.1 per common equity of Basin Uranium. In addition, as part of the Arrangement, Basin shareholders will receive 3,000,000 shares common shares ("SpinCo Shares") of a subsidiary of Basin, ("Basin SpinCo"), on the basis of approximately 0.11 of a SpinCo Share for every Basin Share held. Following the completion of the Arrangement, former Basin shareholders will own approximately 40% of the then issued and outstanding Nexus Shares. Prior to the Arrangement, Nexus will transfer its: (i) Napoleon gold project, comprised on 1,281 hectares in the Kamloops Mining Division in British Columbia; and (ii) 100% interest in the Yukon gold mining quartz mining claims, to Basin SpinCo in exchange for 2,000,000 SpinCo Shares. Basin will be delisted from the CSE following the Arrangement.
Following completion of the Arrangement, Mike Blady, the Chief Executive Officer of Basin, will be appointed to the board of directors of Nexus, and the current members of the board of directors of Basin will resign. Nexus will continue to be managed by the current executive team and board of directors with the addition of Mr. Blady.
Closing of the Arrangement is subject to approval of the Basin shareholders, approval of the Supreme Court of British Columbia, approval of the Canadian Securities Exchange, standard closing deliverables, and other customary conditions typical for a transaction of this nature. A special committee comprised of independent directors of Basin, established to review the Arrangement, has engaged a financial advisor, Evans & Evans Inc., to provide a fairness opinion in connection with the Arrangement. Duyuru • Jan 23
Basin Uranium Corp. announced that it has received CAD 0.69975 million in funding On January 22, 2025 Basin Uranium Corp. closed the transaction and issued 4,664,999 units at issue price of CAD 0.15 per unit for gross proceeds of CAD 699,749.85. Each Unit is comprised of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one additional Common Share at a price of CAD 0.20 per Warrant Share until January 22, 2028. All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. n connection with the closing of the Offering, the Company paid cash finder’s fees in the amount of CAD 7,470 and issued 69,799 finder’s warrants to certain eligible arm’s length finders. Each Finder’s Warrant entitles the holder to acquire one additional Common Share Share at a price of CAD 0.20 per Finder’s Warrant Share until January 22, 2028. Certain insiders of the Company subscribed to the Offering for an aggregate of 300,000 Units. Duyuru • Dec 24
Basin Uranium Corp. announced that it expects to receive CAD 0.75 million in funding Basin Uranium Corp. announced a non brokered private placement of up to 5,000,000 units at a price of CAD 0.15 per Unit for gross proceeds of up to CAD 750,000 on December 23, 2024. Each Unit will be comprised of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to acquire one additional Common Share at a price of CAD 0.20 per Warrant Share for a period of 36 months from the closing date of the Offering. The Offering may close in one or more tranches as the Company may determine. The Company may pay a finder's fee in connection with the Offering to eligible arm's length finders in accordance with the policies of the CSE. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day following the date of issuance in accordance with applicable securities legislation. The Offering is not subject to a minimum aggregate amount of subscriptions. Duyuru • Jun 13
Basin Uranium Corp. Provides an Update on Permitting for the Company's Flagship Chord Uranium Project in South Dakota BASIN URANIUM CORP. provide an update on permitting for the Company's flagship Chord uranium project in South Dakota. The Company has submitted a permit application for the drilling of 17 holes for a total of approximately 9,000 feet with the objective of upgrading the existing NI 43-101 Inferred Resource to Measured & Indicated, expand the known mineralization at October Jinx, perform pump tests to assess the amenability for ISR (in-situ recovery), characterize the aquifer(s) and install monitoring wells for future development. This application is in addition to the Company's announcement on April 30th, 2024, which was for permitting on the 640-acre state section (Section 36-7S-2E). Duyuru • May 10
Basin Uranium Corp. Announces Maiden Mineral Resource Estimate At Its Chord Uranium Project Basin Uranium Corp. announced an initial mineral resource estimate (MRE) for its Chord uranium project located in Fall River County, South Dakota, USA. This MRE incorporates the Company's historic data set acquired through private and public sources and provides a path to expand and build towards a much larger, potentially in-situ recoverable (ISR) resource. The MRE was prepared by BRS Engineering Inc. in accordance with NI 43-101, Standards of Disclosures for Mineral Projects. Mining in the project area was primarily limited to small sized open pit methods, and focused on the uppermost, oxidized mineral horizons within the Inyanara Group. The deeper mineral horizons, particularly with the October-Jinx area were left undeveloped but were strongly explored by Union Carbide Corporation in the late 1970's. Domestically sourced, secure uranium supplies are becoming more crucial as global conflicts continue to fester and industry supply is squeezed by insatiable demand. Global transitions to a 'green economy' will only exacerbate this demand as nuclear energy is the only true carbon free source of safe, reliable baseload power currently. A disequilibrium factor of 1 was applied to the resulting eU3O8 intercept dataset. An intercept grade cutoff of 0.02% eU3O8 was applied to the grade data to screen for intercepts which are not economically extractable by conventional heap or milling methods. intercept data meeting the grade cutoff criteria were split into mineral horizons based on 3-dimensional interpretation of geological units and were composited and modeled within each horizon using a minimum 0.1 GT cutoff, a maximum vertical distance of 10 feet between intercepts, and a maximum radius of influence of 200 feet between drill holes. Three Mineralized Horizons were identified by 3-dimensional interpretation and modeled: Horizon A being the highest in elevation, C being the lowest in elevation and B residing between A and C. 12. These mineral horizons are variably present within the three project areas: October-Jinx, Viking, and Ridge Runner. Resources are presented as undiluted and in-situ, are constrained by the GT contour model for each mineral horizon, and. The Qualified Person is not aware of environmental, permitting, legal, title, taxation, socio- political, marketing, or other relevant issues that could materially affect the potential development of the Mineral Resources. The NI 43-101 technical report for the MRE will be accessible on SEDAR+ under the company's issuer profile and the company's website within 45 days of this news release. Chord Project, South Dakota. The Chord Project consists of 3,640 contiguous acres. The project lies on the southern end of the Black Hills, in Fall River County, South Carolina approximately seven miles north of Edgemont. Mineralization is sandstone-hosted, and channel-bound into tabular and lenticular deposits within the Lakota and Fall River formations of the Inyanara Group. A radiometric disequilibrium factor of 1 were applied to the resource estimate. The minimum uranium grade included in the estimate was 0.02% e3O8. Mineral resources are reported at a minimum grade thickness (GT) value of 0.25. Basin Uranium has not conducted exploration on the Chord Uranium has not conducted exploration On the Chord Uranium Project to date. Data resulting from historic exploration has been provided to the author in the form of resource review reports, drilling maps and geophysical logs. This data was secured by Basin from publicly available data preserved by the South Dakota Geologic Survey and other data from private parties. Historic drilling was generally done by vertical rotary drilling with occasional core sampling for physical and metallurgical analysis. It was industry standard at this time to log drill holes using downhole geophysical logging tools including passive gamma, spontaneous/self-potential and resistivity. Drill holes were logged by Century Geophysical, who remains an industry leader in the industry leader in the future.