Core Insights - Global Uranium Corp. has terminated its option agreement with Forum Energy Metals Corp. regarding the Northwest Athabasca uranium project, resulting in no current interest in the project [1][2] - The company will focus its resources on its property interests in Wyoming and Saskatchewan, particularly the Airline 2 property and the Astro Project, which have shown promising exploration potential [1][2] Company Strategy - The decision to terminate the agreement was made after a strategic review of the company's asset portfolio, emphasizing a shift towards properties that offer greater exploration advancement opportunities [2] - The company aims to concentrate capital and resources on the Airline and Astro projects to enhance future progress and value creation [2] Project Highlights - A recent radiometric survey on the Airline 2 property in Wyoming identified key uranium anomalies, indicating potential for significant exploration [1] - The Astro Project in the Eastern Athabasca Basin has revealed a ~25-kilometre northeast-trending conductive corridor through a 1,480-line-kilometre helicopter-borne ZTEM survey, suggesting further exploration upside [1]

ZTEM Survey Reveals 25 km East–West Conductive Corridor with Attractive Fault-Controlled TargetsCALGARY, Alberta, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the “Company” or “Global”) is pleased to announce the results of the helicopter-borne Z-Axis Tipper Electromagnetic (“ZTEM”) survey completed at the Astro Project (“Astro”), located in the eastern Athabasca Basin, Saskatchewan. The survey was conducted by Geotech Ltd. between April 13 and April 28, 2025, ...

Cosa Identifies Over 25 km of Prospective Conductive Strike Length at the Astro Uranium Project, Athabasca Basin, SaskatchewanSeptember 17, 2025 8:00 AM EDT | Source: Cosa Resources Corp.Vancouver, British Columbia--(Newsfile Corp. - September 17, 2025) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce that project-wide ZTEM surveying at the Astro uranium project ("Astro" or the "Project") has identified over 25 kilometres of prosp ...

Core Viewpoint - Forum Energy Metals Corp. has received overwhelming shareholder approval for its arrangement with Baselode Energy Corp., which involves the exchange of shares and options as part of the acquisition process [1][5]. Group 1: Arrangement Details - Under the arrangement, shareholders will receive 0.3535 of a Baselode common share for each Forum share held, with adjustments made for options and warrants [2]. - The arrangement required at least two-thirds (66⅔%) approval from shareholders present at the meeting, along with a majority excluding interested parties [4]. - A total of 108,801,782 shares were represented at the meeting, accounting for 35.17% of the total issued shares [3]. Group 2: Voting Results - Of the votes cast, 97.57% were in favor of the arrangement, which increased to 97.48% after excluding shares as required [5]. Group 3: Next Steps - The company will seek a final court order to approve the arrangement on August 22, 2025, with completion expected shortly after if customary closing conditions are met [6]. Group 4: Company Background - Baselode Energy controls approximately 241,409 hectares for exploration in the Athabasca Basin, with no underlying royalties [7]. - Forum Energy Metals focuses on high-grade uranium deposits in Canada, holding significant land positions in Saskatchewan and Nunavut [10].

Core Viewpoint - Forum Energy Metals Corp. is moving forward with a special meeting for shareholders to approve a plan of arrangement with Baselode Energy Corp., which involves the exchange of shares at a specified ratio [1][2][3]. Group 1: Arrangement Details - Baselode Energy Corp. will acquire all issued and outstanding shares of Forum at an exchange ratio of 0.3535 Baselode shares for each Forum share held [2]. - Outstanding stock options and warrants will also be adjusted according to the exchange ratio, allowing holders to receive Baselode shares [2]. - An interim order from the Supreme Court of British Columbia has been obtained to facilitate the meeting and related procedural matters [2]. Group 2: Meeting Information - The special meeting is scheduled for August 19, 2025, at 10:00 a.m. Vancouver time, where shareholders will vote on the arrangement [1]. - The management information circular contains essential details about the arrangement, voting procedures, and the implications for shareholders [3][4]. - Shareholders are encouraged to review the meeting materials thoroughly as they contain critical information regarding the arrangement [3]. Group 3: Voting Instructions - Shareholders can vote in person or through various methods, including online, telephone, facsimile, and mail [4][5][8]. - Beneficial shareholders must follow specific instructions provided in the voting materials to ensure their votes are counted [5]. Group 4: Company Overview - Forum Energy Metals focuses on discovering high-grade uranium deposits in Canada, particularly in the Athabasca Basin and Thelon Basin [9]. - The company holds significant land positions, with 153,838 hectares in Saskatchewan and 95,519 hectares in Nunavut [9]. - The flagship asset, the Aberdeen Project, features high-grade uranium discoveries and numerous exploration targets that require further drilling [10][11].

Core Viewpoint - Baselode Energy Corp. and Forum Energy Metals Corp. have commenced drilling at the Aberdeen Project, focusing on the Loki Grid as a promising target for potential new uranium discoveries [1][2][3]. Group 1: Drilling Program Details - The drilling program at the Aberdeen Project plans to conduct 18-25 drill holes, totaling up to 7,000 meters, depending on results [4][5]. - The 2025 program aims to identify additional high-grade uranium discoveries to enhance the overall discovery potential in the district [4]. - Ground magnetic surveys are being conducted on 6 to 10 target areas to refine the main fault zones within the drilling areas [4]. Group 2: Target Areas and Characteristics - The first targets to be tested are Loki and Bjorn, with Loki showing strong clay alteration and elevated uranium levels (up to 30 ppm, which is 30 times the background) in the Thelon sandstone [5][6]. - The exploration includes both sandstone-covered targets and basement-only targets, with Loki and Bjorn prioritized for initial drilling [6]. - Historical drilling at Loki revealed uranium values significantly above background levels, indicating a high potential for discovery [6]. Group 3: Company Background and Assets - Baselode controls approximately 231,378 hectares for exploration in the Athabasca Basin, free of option agreements or underlying royalties [9]. - Forum Energy Metals holds a significant land position of 153,838 hectares in Saskatchewan and 95,519 hectares in Nunavut, focusing on high-grade uranium deposits [13]. - The Aberdeen Project hosts notable uranium discoveries, including the Tatiggaq and Qavvik prospects, which require further drilling to assess their full extent [14][15].

Toronto, Ontario--(Newsfile Corp. - July 10, 2025) - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode") and Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum", together with Baselode, the "Parties") are pleased to announce that our drilling is underway on the Aberdeen Project (Figure 1).Key HighlightsExploration Plan: 18-25 drill holes planned and up to 7,000 m Target Areas: 10 high-priority target areas, first targets tested will be Loki and BjornLoki Grid: Drilling will follow up o ...

Core Viewpoint - Uranium Royalty Corp. has entered into an agreement to acquire a new royalty on the Aberdeen Uranium Project in Nunavut, Canada, operated by Forum Energy Metals Corp. [1] Group 1: Acquisition Details - The acquisition involves a 2.0% gross revenue royalty on the Aberdeen Project, with a buy-back option for Forum to repurchase 0.5% of the royalty for CAD$1,000,000 within six months of a successful pre-feasibility study [5][8] - The total cash payment for the royalty acquisition is CAD$1,000,000, scheduled to close by the end of May 2025, funded from cash on hand [8] Group 2: Project Overview - The Aberdeen Project is an exploration stage project covering approximately 95,519 hectares, located in the underexplored Thelon Basin, adjacent to the Kiggavik advanced uranium project [4][8] - The Kiggavik Project, operated by Orano, hosts over 132 million pounds of U₃O₈ in indicated and inferred resources, making it one of the largest undeveloped uranium projects globally [8] Group 3: Exploration Potential - Drilling results from the Aberdeen Project have shown high-grade uranium mineralization, including 1.15% U₃O₈ over 2.4 meters, 0.62% over 17.9 meters, and 0.11% U₃O₈ over 35.3 meters [8]

ZTEM Survey to Map Deep Conductive Targets Across Underexplored Uranium Corridor Near McArthur River MineCALGARY, Alberta, April 30, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the "Company" or “Global”) and Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) (“Cosa”) are pleased to announce that geophysical surveying has commenced at the Astro Uranium Project in the eastern Athabasca Basin, Saskatchewan. This fully funded program marks the first phase of Glo ...

Diamond drilling has wrapped up on the Zone 2A and Rosie areas, and SJ Geophysics completed ground EM and Resistivity surveys on the Spring Bay area on the Northwest Athabasca Project in Saskatchewan's Athabasca Basin CALGARY, Alberta, April 24, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the "Company" or "Global") and Forum Energy Metals Corp. (TSX.V: FMC; OTCQB: FDCFF) ("Forum") are pleased to announce that it has completed its diamond drilling program, as well as gr ...