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Basin Energy Limited ( (AU:BSN) ) has provided an announcement.
Basin Energy Limited has entered into a binding agreement to sell its Marshall Uranium Project to Green Canada Corporation Inc. (GCC), which is preparing for a public listing on the Canadian Stock Exchange. The transaction involves Basin receiving cash, shares, and a stake in the newly listed entity, while GCC commits to significant exploration expenditures. This deal allows Basin to retain a buyback option and a right of first refusal, enhancing its strategic focus on shallow discovery opportunities and expanding its leverage in quality uranium assets.
More about Basin Energy Limited
Basin Energy Limited is a company operating in the energy sector, focusing on uranium projects. The company is involved in exploration and development of uranium assets, with a strategic focus on high-grade shallow discovery opportunities.
Average Trading Volume: 957,043
Technical Sentiment Signal: Buy
See more insights into BSN stock on TipRanks’ Stock Analysis page.