Geiger Energy Corp. reports uranium exploration developments tied to its project portfolio in northern Canada. The company’s recurring updates focus on drilling, radiometric and geochemical results, and target advancement at the 100% owned Hook Project in Saskatchewan’s Athabasca Basin, including the ACKIO prospect, and the Aberdeen Project in Nunavut’s Thelon Basin.
News about BSENF also covers the company’s broader uranium discovery strategy across Athabasca and Thelon Basin properties, including exploration work around targets and discoveries such as Loki, Tatiggaq and Qavvik. Corporate updates include equity offerings, shareholder communications, industry conference participation and risk disclosures related to exploration funding, regulatory conditions and commodity-sector execution.
Baselode Energy Corp. (OTCQB: BSENF) has completed its acquisition of Forum Energy Metals Corp. through a plan of arrangement. Under the deal, Forum shareholders received 0.3535 Baselode shares for each Forum share. The company, to be renamed Geiger Energy Corporation, will be led by new CEO Rebecca Hunter and is well-capitalized with over $12 million in cash.
The transaction strengthens Baselode's position in uranium exploration with two key projects: Aberdeen in Nunavut and Hook in Saskatchewan. The company recently completed a $6 million financing and has expanded its board to include representatives from both companies. Following the arrangement, there are 291,627,336 outstanding Baselode shares.
Baselode Energy (OTCQB: BSENF) and Forum Energy Metals have commenced drilling operations at their Aberdeen Project. The exploration program includes 18-25 planned drill holes totaling up to 7,000 meters across 10 high-priority target areas.
The initial focus will be on the Loki and Bjorn target areas. The Loki Grid has shown promising indicators with elevated uranium levels (30x background) and strong clay alteration in the Thelon sandstone. The program encompasses both sandstone-covered targets for traditional unconformity exploration and basement-only targets.
Ground magnetic surveys are currently being conducted on 6-10 target areas to refine the main fault zones within the drill areas, with the exploration camp now operational for the season.
Baselode Energy (OTCQB:BSENF) and Forum Energy Metals have commenced drilling operations at their Aberdeen Project. The program includes 18-25 planned drill holes totaling up to 7,000 meters across 10 high-priority target areas. The initial focus will be on the Loki and Bjorn targets.
The Loki Grid has shown promising indicators with elevated uranium levels (30 ppm, 30x background) in the Thelon sandstone and strong clay alteration. The exploration strategy encompasses both sandstone-covered targets for traditional unconformity deposits and basement-only targets. Ground magnetic surveys are currently being conducted on 6-10 target areas to refine the main fault zones within the drill areas.
Baselode Energy Corp. (OTCQB: BSENF) and Forum Energy Metals Corp. have announced the commencement of their joint exploration program at the Aberdeen Project in Nunavut. The program includes a 2-drill diamond drill campaign set to begin in July 2025, with plans to complete 18-25 drill holes totaling up to 7,000 meters.
The exploration will focus on 10 high-priority target areas, including both sandstone-covered and basement-only targets. Initial drilling will concentrate on the Loki and Bjorn areas, with Loki showing promising results from 2024 drilling, including uranium values 30x background. The program aims to demonstrate the project's uranium discovery potential through testing multiple blue-sky targets, particularly focusing on strong gravity anomalies along prospective fault trends.
Baselode Energy (OTCQB: BSENF) and Forum Energy Metals (OTCQB: FDCFF) have announced a merger to form Geiger Energy Corporation, creating a leading uranium exploration company. Under the agreement, Forum shareholders will receive 0.3535 Baselode shares for each Forum share, with existing Baselode and Forum shareholders owning approximately 55% and 45% of the combined company respectively.
The merger combines their uranium exploration portfolios across the Thelon and Athabasca basins, with immediate focus on the Aberdeen Project in the Thelon Basin. Dr. Rebecca Hunter, Forum's current CEO, will lead Geiger Energy as CEO. The transaction, expected to close in August 2025, includes a 5:1 share consolidation and is subject to shareholder and regulatory approvals.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) has reported high-grade uranium assay results from 3 of 43 drill holes at its ACKIO prospect in the Athabasca Basin. Key findings include:
1. Hole AK24-118: 8.5 metres of 0.59% U₃O₈, including 1.25% U₃O₈ over 1.5 m
2. Hole AK24-119: 21.0 metres of 0.28% U₃O₈, including 1.55% U₃O₈ over 1.5 m
3. Hole AK24-117: 7.5 metres of 0.07% U₃O₈
These results, particularly from AK24-118 and AK24-119, are among the top 20 drill holes at ACKIO and have improved the overall uranium mineralization statistics of Pod 6. ACKIO's shallow mineralization depth gives it a unique advantage in the Athabasca Basin. Assay results from an additional 40 drill holes are pending.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) has announced significant findings from its exploration drill program on the Hook project in Saskatchewan's Athabasca Basin area. The company has identified two large-scale alteration systems with potential for high-grade uranium deposits:
1. HK24-016 area: A massive hydrothermal clay alteration system measuring over 250m wide by 400m deep, with a core of 100m wide by at least 200m deep.
2. HK24-010 area: An alteration system with 13.2m of continuous anomalous radioactivity within a 200m wide alteration corridor.
These systems share similarities with known high-grade Athabasca uranium deposits. The company is well-funded and plans to conduct follow-up drilling on these high-priority targets. Assay results are pending for drill hole samples sent to Saskatchewan Research Council.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) has reported promising radioactivity drilling results from its ACKIO uranium prospect in Saskatchewan's Athabasca Basin. Eighteen drill holes encountered anomalous radioactivity near the surface, with nine starting within 50 meters. Highlight drill hole AK24-137 intersected four separate zones with over 5,000 counts per second (cps). Seven holes intersected radioactivity exceeding 5,000 cps, while thirteen reported composite intervals between 11 and 42 meters thick across five areas.
The drilling program expanded near-surface mineralization around Pods 1 and 7, discovered new high-radioactivity zones in Pods 6 and 7, and improved overall mineralization continuity. Results indicate significant growth potential for ACKIO, with broad intersections of anomalous radioactivity and zones of high radioactivity across multiple Pods.
Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) has discovered a new uranium prospect on its Hook project in Saskatchewan's Athabasca Basin area. The discovery was made in the second hole (HK24-010) of their regional exploration program, intersecting over 30 metres of continuous radioactivity at approximately 173 metres vertical depth. This new zone is located 6 km northeast of the ACKIO discovery.
Key highlights:
- HK24-010 intersected over 230 m of structurally-controlled massive hydrothermal alteration
- Gamma probe radioactivity averaged 275 cps over 33.7 m, including 473 cps over 6.8 m
- The discovery is hosted within a massive alteration corridor similar to ACKIO
- Baselode plans to follow-up drilling in this area after completing exploration on other targets