Perth, Australia – 16 January 2025 | Basin Energy Limited (ASX:BSN) (“Basin” or “the Company”) is pleased to announce the completion of its recent acquisition regarding a highly prospective uranium and green energy metals exploration portfolio in Scandinavia.
Acquisition Highlights:
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Assets Acquired:
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Five exploration licenses in Sweden and five reservations in Finland.
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Focused on shear-hosted and intrusive-related mineralisation, with historical exploration records highlighting potential for a variety of different green energy commodities.
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Acquisition Structure:
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Completion of a 100% acquisition of Normetco AS, the portfolio's registered owner, via a share purchase agreement.
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Issued 18,479,694 shares (subject to escrow of 24-months) and 4,619,924 options (with an exercise price of 10 cents, three years valid, with acceleration milestones).
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Contingent consideration of up to $2 million based on milestone achievements.
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Basin’s Managing Director, Pete Moorhouse, commented: “Basin is pleased to announce the finalisation of the acquisition of this exciting and complimentary exploration portfolio. The prospectivity was identified by our team as a largely overlooked region for modern exploration. Initial geochemical results from field work completed in late 2024 are eagerly awaited. Basin would like to thank our existing supportive shareholders and welcomes our new shareholders to the Company.”
For more details about Basin Energy and its projects, visit www.basinenergy.com.au.
For media inquiries or further information, please contact:
Pete Moorhouse
Managing Director
[email protected]
Jane Morgan
Investor & Media Relations
[email protected]
About us:
About Basin Energy Limited:
Basin Energy (ASX:BSN) 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.
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
[email protected]
