29 August 2025
Baselode Energy Corp. (“Baselode”) (TSXV: FIND; OTCQB: BSENF) and Forum Energy Metals Corp. (“Forum”, together with Baselode, the “Parties”) (TSXV: FMC; OTCQB: FDCFF) are pleased to announce the completion of the plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”), as previously disclosed on June 24, 2025.
Rebecca Hunter, CEO of Baselode, stated: “With the completion of the plan of arrangement, I am excited to be stepping into the role of CEO of Baselode, which is well capitalized with over $12 million in cash and having multiple high-potential projects within its asset base, including Aberdeen in Nunavut and Hook in Saskatchewan. As drills continue to turn at Aberdeen, shareholders can expect to receive an update on our progress in the near term.”
Stephen Stewart, Chairman of Baselode, stated: “I would like to welcome Rebecca as Baselode’s new CEO, who I am confident will successfully take the Aberdeen project through this next phase of exploration with support from Ore Group. I would also like to thank James Sykes, who will remain on as Director and Special Advisor given his experience and track record of discoveries in the Uranium space. With the closing of the recent $6M financing, Baselode is well capitalized to execute on its exploration plans at Aberdeen and Hook and will seek to generate multiple catalysts soon.”