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Baselode Energy Corp ( (TSE:FIND) ) has issued an announcement.
Baselode Energy Corp. has completed the acquisition of Forum Energy Metals Corp., marking a significant step in its strategic expansion. With the acquisition, Baselode, soon to be renamed Geiger Energy Corporation, strengthens its asset portfolio and leadership team, positioning itself as a prominent player in the Canadian uranium exploration sector. The company is well-capitalized with over $12 million in cash and is focused on advancing its Aberdeen and Hook projects. The acquisition was approved by the Supreme Court of British Columbia and Forum’s shareholders, and Baselode plans to seek further shareholder approval to expand its board and rebrand at an upcoming meeting.
More about Baselode Energy Corp
Baselode Energy Corp. operates in the uranium exploration industry, focusing on developing projects in Canada. The company is primarily engaged in exploring its 100%-owned Aberdeen and Hook projects located in Nunavut and Saskatchewan, respectively. Baselode is well-capitalized and aims to become a leader in Canadian uranium exploration.
Average Trading Volume: 292,676
Technical Sentiment Signal: Sell
Current Market Cap: C$15.61M
For an in-depth examination of FIND stock, go to TipRanks’ Overview page.