GEIGER ENERGY Stock Price, News & Analysis

Baselode Energy Corp (now Geiger Energy Corporation), trading on the OTCQB under the symbol BSENF, is a uranium exploration company focused on high-grade discoveries in Canada. According to company news releases, Baselode has pursued an exploration strategy centered on near-surface and basement-hosted uranium prospects in and around the Athabasca Basin in northern Saskatchewan and the Thelon Basin in Nunavut. Through a business combination with Forum Energy Metals Corp. and a subsequent name change, the combined company is expected to continue under the name Geiger Energy Corporation, while BSENF remains the OTCQB symbol referenced in the news.

Baselode’s exploration work has highlighted two core project areas: the ACKIO uranium prospect in the Athabasca region and the broader Aberdeen Project in the Thelon Basin. The company reports that ACKIO is a near-surface, basement-hosted uranium prospect discovered in September 2021. ACKIO is described as extending for more than 375 metres along strike and more than 150 metres in width, comprising at least nine distinct uranium pods. Mineralization is reported to begin at depths as shallow as 28–32 metres beneath surface in certain pods and to continue to approximately 300 metres depth, with much of the mineralization occurring in the upper 120 metres. Company disclosures state that ACKIO remains open at depth and along strike to the north, south, and east.

In multiple news releases, Baselode describes its broader Athabasca land position as a large, 100%-controlled exploration package in northern Saskatchewan that is free of option agreements and underlying royalties. Within this land package, the ACKIO prospect is presented as a key discovery that has been advanced through successive drill programs. Detailed drilling updates outline shallow uranium intercepts in several pods, including mineralization within 50–100 metres from surface, and discuss how these results improve the company’s understanding of mineralization controls within the ACKIO system.

Aberdeen Project and Thelon Basin Focus

Through its combination with Forum Energy Metals and subsequent transition to Geiger Energy, the company’s primary project emphasis expands to include the Aberdeen Project in Nunavut’s Thelon Basin. Company news describes Aberdeen as hosting the Tatiggaq and Qavvik uranium discoveries. Tatiggaq is characterized as a basement-hosted prospect defined over a 300-metre strike length, with multiple steeply dipping, ENE-trending mineralized lenses located between 80 and 180 metres depth. Reported drill intercepts include 2.25% U₃O₈ over 11.1 metres, and the system is described as open for expansion along a 1.5 kilometre strike length and at depth.

Qavvik is described as a similarly styled basement-hosted prospect, with steeply dipping, ENE-trending mineralized lenses across an area of approximately 100 by 100 metres, from surface down to about 400 metres depth. Company disclosures state that Qavvik remains open for expansion over a 500 metre area and at depth. News releases also note that the Aberdeen Project contains more than 50 high-priority exploration targets, many of which show strong alteration and anomalous uranium or geochemical signatures from limited historical drilling, while several targets have not yet been drill tested.

Within Aberdeen, the company has highlighted the Loki target, where drilling has intersected unconformity-style uranium mineralization in the sandstone just above the unconformity in the northeast Thelon Basin. Reports describe a broad and intense alteration zone at Loki, with significant clay alteration, bleaching, sulphides, and structures interpreted as evidence of a large hydrothermal system. This work is presented as confirming the presence of unconformity-style uranium mineralization in the area and increasing the perceived potential of the project.

Hook Project and ACKIO Context

In addition to Aberdeen, the combined company (under the Geiger name) emphasizes the Hook Project in the Athabasca Basin of northern Saskatchewan. News releases describe Hook as hosting the ACKIO near-surface uranium prospect and additional alteration systems at the TT and TAB target areas. At TT, drilling has intersected thick intervals of clay alteration with elevated radioactivity and pathfinder geochemistry, and the target is described as lying along the same structural corridor as ACKIO. At TAB, drilling has encountered strong fracturing and hydrothermal alteration with elevated radioactivity and anomalous uranium values, supported by anomalous lake sediment geochemistry. Both TT and TAB are characterized as gravity and magnetic low targets, with alteration styles compared to known Athabasca Basin deposit corridors.

Company updates outline plans for winter drill programs at Hook to further test these alteration systems, with the stated objective of determining whether additional mineralized zones are present beyond ACKIO. The presence of multiple alteration and radioactive systems kilometres from ACKIO is cited as evidence that the Hook Project area is fertile for more uranium mineralization discoveries.

Corporate Combination and Name Change

Baselode and Forum announced a definitive arrangement agreement under which Baselode would acquire all issued and outstanding Forum shares through a court-approved plan of arrangement. Following completion of this transaction, news releases state that the combined company will continue under the name Geiger Energy Corporation, with the TSX Venture Exchange symbol BEEP and OTCQB symbol BSENF referenced in the announcements. The arrangement is described as creating a uranium exploration company with 100%-owned projects across the Thelon and Athabasca basins and a focus on the Aberdeen and Hook projects.

Subsequent news confirms completion of the plan of arrangement and outlines a reconstituted board and management team. Another release states that Baselode will change its name to Geiger Energy Corporation and consolidate its common shares on a five-for-one basis, with trading on the TSX Venture Exchange expected to commence under the symbol BEEP on a specified historical date. These corporate actions are presented as part of a broader strategy to align the company’s identity with its expanded uranium exploration portfolio.

Exploration Strategy

Across its disclosures, Baselode (and later Geiger) consistently describes an exploration strategy focused on discovering near-surface, high-grade uranium orebodies in the Athabasca and Thelon basins. The company refers to an “Athabasca 2.0” exploration thesis, which emphasizes basement-hosted uranium targets outside the traditional Athabasca Basin sandstone cover and the use of geophysical methods to map deep structural controls that can localize uranium mineralization at relatively shallow depths. This approach is reflected in the targeting of gravity lows, structural trends, and areas with strong clay alteration, elevated radioactivity, and pathfinder elements such as boron.

At Aberdeen, joint news releases with Forum describe multi-target drill programs designed to test both sandstone-covered unconformity targets (such as Loki and Bjorn) and basement-only targets (including Lobster, Tarzan, Willow, Apollo, and Starbuck). Target selection is based on gravity anomalies, interpreted faults, and prior drill or surface data showing prospective structures, alteration, or geochemical signatures. The stated focus is on identifying additional high-grade uranium zones to build scale and enhance the discovery potential of the district.

Status of BSENF Ticker

Throughout the provided news flow, the OTCQB symbol BSENF is associated first with Baselode Energy Corp. and later with Geiger Energy Corporation following the planned name change and consolidation. The news does not indicate a delisting of BSENF, but it does explain that the primary corporate name and TSX Venture Exchange symbol are expected to change as part of the reorganization. As a result, BSENF can be viewed in this context as the OTCQB listing tied historically to Baselode and, following the name change, to Geiger Energy.

FAQs

• What does Baselode Energy Corp/Geiger Energy do?
  

  According to company news releases, Baselode (to be renamed Geiger Energy Corporation) is a uranium exploration company focused on discovering high-grade uranium deposits in Canada’s Athabasca Basin in Saskatchewan and Thelon Basin in Nunavut. Its work centers on projects such as the ACKIO prospect, the Aberdeen Project, and the Hook Project.

• Where are the company’s main exploration projects located?
  

  News releases state that the company controls large exploration land packages in the Athabasca Basin area of northern Saskatchewan and in Nunavut’s Thelon Basin. Key projects include the ACKIO uranium prospect and Hook Project in the Athabasca region and the Aberdeen Project in the Thelon Basin.

• What is the ACKIO uranium prospect?
  

  ACKIO is described as a near-surface, basement-hosted uranium prospect discovered in September 2021 in the Athabasca region. Company disclosures report that ACKIO extends more than 375 metres along strike and more than 150 metres in width, with at least nine uranium pods and mineralization starting at shallow depths and continuing to about 300 metres.

• What is the Aberdeen Project?
  

  The Aberdeen Project, located in Nunavut’s Thelon Basin, is described as hosting the Tatiggaq and Qavvik uranium discoveries and more than 50 high-priority exploration targets. Company news characterizes these prospects as basement-hosted uranium systems with mineralized lenses open along strike and at depth.

• What is the Hook Project and how does it relate to ACKIO?
  

  The Hook Project is an Athabasca Basin exploration property that hosts the ACKIO near-surface uranium prospect. News releases also describe additional alteration systems at the TT and TAB target areas within Hook, where drilling has intersected thick clay alteration and elevated radioactivity, suggesting further uranium discovery potential.

• How did Baselode become Geiger Energy Corporation?
  

  Baselode and Forum Energy Metals entered into a definitive arrangement agreement under which Baselode acquired all Forum shares via a court-approved plan of arrangement. Following completion, the combined company is described as continuing under the name Geiger Energy Corporation, with a name change and share consolidation outlined in subsequent Baselode news.

• What is the company’s exploration strategy?
  

  Company disclosures describe an exploration strategy focused on near-surface and basement-hosted uranium targets, using gravity surveys, structural interpretation, and geochemical indicators such as clay alteration, elevated radioactivity, and pathfinder elements to select drill targets in the Athabasca and Thelon basins.

• Does BSENF still represent Baselode Energy Corp.?
  

  In the provided news, BSENF is initially associated with Baselode Energy Corp. and later referenced in connection with Geiger Energy Corporation after the planned name change and consolidation. The news explains that the corporate name and TSX Venture symbol will change, while BSENF remains the OTCQB symbol cited in those releases.