Baselode Announces Private Placement for Gross Proceeds of up to C$5.0 Million

Core Viewpoint - Baselode Energy Corp. has announced a private placement to raise gross proceeds of up to C$5.0 million through the sale of flow-through units, targeting charitable purchasers [1][4]. Group 1: Offering Details - The private placement involves the sale of up to 35,714,286 flow-through units at a price of C$0.14 per unit, aiming for total gross proceeds of C$5,000,000 [1]. - Each flow-through unit consists of one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.14 within 36 months after the closing date [2]. - The agent has an option to sell an additional 7,142,857 flow-through units for up to C$1,000,000, exercisable up to 48 hours before the closing [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for exploration projects in the Thelon and Athabasca Basins, specifically targeting "critical minerals" as defined by Canadian tax regulations [4]. - The funds raised will be used to incur "Canadian exploration expenses" and "flow-through mining expenditures," with an effective renouncement date for subscribers not later than December 31, 2025 [4]. Group 3: Regulatory and Trading Information - The offering is subject to regulatory approvals, including that of the TSX Venture Exchange, and is scheduled to close on or about August 15, 2025 [7]. - The flow-through units will be offered to purchasers in specific Canadian provinces, and the shares are expected to be freely tradable under Canadian securities legislation if sold to Canadian residents [5]. Group 4: Company Overview - Baselode Energy Corp. controls 100% of approximately 226,128 hectares for exploration in the Athabasca Basin area of northern Saskatchewan, Canada [10]. - The company discovered the ACKIO near-surface uranium prospect, which features significant mineralization at shallow depths and remains open for further exploration [11]. - Baselode's exploration strategy focuses on discovering high-grade uranium orebodies outside the Athabasca Basin using innovative geophysical methods [12].