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Baselode Energy Corp ( (TSE:FIND) ) has issued an update.
Baselode Energy Corp. has announced a private placement agreement with Red Cloud Securities Inc. to raise up to C$5 million through the sale of flow-through units. The proceeds will be used for exploration projects in the Thelon and Athabasca Basins, targeting critical minerals. The offering is set to close on or about August 15, 2025, subject to regulatory approvals. This move is expected to bolster Baselode’s exploration capabilities and strengthen its position in the uranium exploration sector.
More about Baselode Energy Corp
Baselode Energy Corp. is a company that controls 100% of approximately 226,128 hectares for exploration in the Athabasca Basin area of northern Saskatchewan, Canada. The company is focused on uranium exploration and discovered the ACKIO near-surface uranium prospect in September 2021.
Average Trading Volume: 149,198
Technical Sentiment Signal: Sell
Current Market Cap: C$14.12M
For an in-depth examination of FIND stock, go to TipRanks’ Overview page.