Basin Uranium Announces Shareholder Approval for Plan of Arrangement with Nexus Uranium

Core Viewpoint - Basin Uranium Corp. has received overwhelming shareholder approval for its plan of arrangement with Nexus Uranium Corp. and Blade Resources Inc., indicating strong support for the transaction [1][3]. Group 1: Arrangement Details - Under the arrangement, Nexus will acquire all issued and outstanding shares of Basin for approximately 1.1 Nexus shares and 0.11 Spinco shares for each Basin share [2]. - Each outstanding warrant and stock option of Basin will allow holders to receive Nexus shares equivalent to what they would have received under the arrangement [2]. Group 2: Shareholder Participation - A total of 3,840,762 shares were represented at the meeting, accounting for 14.07% of the 27,300,679 issued and outstanding shares entitled to vote [3]. - The arrangement required at least two-thirds (66⅔%) approval, with 99.59% of the votes cast in favor of the arrangement [3]. Group 3: Next Steps and Expectations - The company will seek a final order from the Supreme Court of British Columbia to approve the arrangement on September 9, 2025 [4]. - Completion of the arrangement is subject to customary closing conditions, and shares are expected to be delisted from the Canadian Securities Exchange following the arrangement [4]. Group 4: Company Overview - Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector, with five advanced-stage uranium projects in the United States and one in Canada [5].