Baselode Energy

Baselode Energy Corp. is a Canadian uranium exploration company focused on discovering and developing high-grade, near-surface uranium deposits in the Athabasca Basin, Saskatchewan. The company's flagship project, ACKIO, is a shallow uranium discovery located just 25 meters beneath the surface, making it one of the most accessible uranium deposits in the region. Unlike traditional deep and high-cost uranium mines in the Athabasca Basin, Baselode’s near-surface deposits present a unique opportunity for lower-cost, open-pit mining, reducing both capital and operational expenditures.

Led by a management team with a strong track record in uranium discovery, Baselode is pioneering "Athabasca 2.0," a strategy that focuses on easily mineable uranium deposits rather than deep, high-grade ones that require expensive extraction methods. The company has a district-scale land package spanning over 61,892 hectares and is actively drilling across multiple high-priority targets, including ACKIO and nearby prospects like TAB and TT, which could enhance the scalability of its uranium assets.

Baselode Energy is listed on the TSX Venture Exchange (TSXV: FIND) and the OTCQB (BSENF). With a strong financial position and continued exploration success, Baselode is well-positioned to capitalize on the rising global demand for uranium as the world transitions toward cleaner energy sources.

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Baselode Energy presents a compelling investment opportunity in the growing uranium market, particularly as the global demand for clean energy and nuclear power continues to rise. The company's flagship ACKIO discovery stands out as one of the shallowest uranium deposits in the Athabasca Basin, offering a cost-effective and expedited pathway to production compared to traditional underground mines.

ACKIO's high-margin potential stems from its near-surface mineralization, which supports open-pit mining—a rare advantage in the region. Initial drill results have returned strong uranium grades, including 2.45% U₃O₈ over 5.0 meters and 1.86% U₃O₈ over 12.5 meters, significantly above the global average. Additionally, metallurgical testing has shown uranium recoveries exceeding 98%, further solidifying ACKIO’s economic viability.

Beyond ACKIO, Baselode's broader exploration strategy aims to uncover additional near-surface uranium deposits, creating a "Hub & Spoke" model where multiple shallow resources could feed a central processing facility. The company is actively drilling in nearby targets, including TAB and TT, both of which have shown promising early results.

With strong fundamentals, a unique low-cost mining model, and exposure to a strengthening uranium market, Baselode Energy is positioned as a potential leader in the next generation of uranium development in Canada.

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Baselode Energy Corp. is led by a highly experienced management team with deep expertise in uranium exploration, resource development, and corporate finance.

James Sykes – CEO, President & Director
With over 15 years of experience in uranium exploration and discovery, James Sykes has played a key role in the discovery of more than 550 million pounds of U₃O₈ in the Athabasca Basin. He was instrumental in the discovery of NexGen Energy’s Arrow Deposit and contributed to the development of Hathor Exploration’s Roughrider deposits. His leadership at Baselode is driving the company’s focus on near-surface, high-margin uranium discoveries.

Cameron MacKay, P.Geo – Vice President, Exploration & Development
A professional geologist with over a decade of experience in uranium exploration, Cameron MacKay was previously a Senior Exploration Geologist with Purepoint Uranium, where he helped delineate the Spitfire prospect. His expertise in geological mapping and mineral exploration ensures Baselode’s aggressive exploration strategy is supported by strong technical foundations.

Joel Friedman – Chief Financial Officer (CFO)
With more than 13 years of experience in financial management within the mining and cannabis industries, Joel Friedman has served as CFO for multiple publicly traded companies. His expertise in corporate finance, strategic planning, and capital management ensures Baselode maintains a strong financial position as it advances its projects.

With a leadership team that combines strong technical expertise and financial acumen, Baselode Energy is well-positioned to advance its portfolio of uranium assets and deliver long-term value to shareholders.

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Baselode Energy is executing a disciplined growth strategy focused on advancing its near-surface uranium discoveries into mineable resources while expanding its exploration footprint in the Athabasca Basin. The company’s Athabasca 2.0 approach prioritizes accessible uranium deposits that can be mined using cost-effective open-pit methods, a significant advantage over traditional deep underground mining operations.

Key pillars of Baselode’s growth strategy include:

• Advancing ACKIO Toward Development
  Baselode’s flagship ACKIO uranium discovery is one of the shallowest in the Athabasca Basin, starting at just 25 meters below surface. The company is conducting additional drilling and mineralogical studies to define the resource further and assess its economic viability.
• Aggressive Exploration & Resource Expansion
  Beyond ACKIO, Baselode controls a district-scale land package covering 61,892 hectares with high-potential uranium targets. The company is actively drilling at the TAB and TT target areas, which could contribute to a scalable "Hub & Spoke" development model by adding additional near-surface uranium resources.
• Efficient Path to Production
  By focusing on near-surface uranium deposits, Baselode aims to develop a mining operation with lower capital expenditures (CAPEX) and operating costs (OPEX) compared to traditional deep underground uranium mines. Initial metallurgical tests have shown high uranium recovery rates (>98%), supporting the feasibility of cost-effective processing.
• Strategic Partnerships & Financial Strength
  Baselode maintains a strong financial position with more than $10 million in cash as of 2024, allowing for continuous exploration and project advancement. The company remains open to strategic partnerships, joint ventures, or financing opportunities that could accelerate the development of its uranium assets.

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Baselode Energy Corp. maintains a strong financial position, ensuring continued exploration and development of its uranium assets. As of 2024, the company holds over $10 million in cash, providing ample runway for ongoing drilling and technical studies. Despite market fluctuations, Baselode remains well-funded to advance its flagship ACKIO uranium project and explore additional high-potential targets within its extensive Athabasca Basin land package.

With a current market capitalization of approximately $13.3 million, Baselode offers a compelling value proposition. The company’s enterprise value remains significantly below the potential worth of its uranium assets, presenting an opportunity for investors seeking exposure to an emerging uranium discovery. Baselode’s share price has been affected by broader market trends and ETF rebalancing, but its fundamentals remain strong, with ongoing exploration success expected to drive future value.

The company’s low-cost exploration model, coupled with a focus on near-surface uranium deposits, minimizes capital expenditure requirements compared to traditional deep underground uranium mines. Additionally, Baselode remains open to strategic partnerships, joint ventures, or asset sales to maximize shareholder value while maintaining financial flexibility.

With uranium prices rising due to increasing demand for nuclear energy as a clean power source, Baselode Energy is well-positioned to benefit from a strengthening uranium market and deliver long-term value to investors.

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Baselode Energy Corp. is at the forefront of the next generation of uranium exploration, leveraging its Athabasca 2.0 strategy to unlock high-margin, near-surface uranium deposits in Canada’s premier uranium district. The company's flagship ACKIO discovery represents one of the shallowest uranium finds in the Athabasca Basin, offering low-cost, open-pit mining potential in a market increasingly reliant on nuclear energy as a clean power source.

Backed by an experienced management team, a strong financial position, and an aggressive exploration strategy, Baselode is well-positioned to capitalize on the global uranium demand surge. The company’s district-scale land package and ongoing drill programs at TAB and TT targets further enhance its growth potential, with the vision of establishing a scalable, long-term uranium operation.

With its commitment to sustainability, cost efficiency, and strategic development, Baselode Energy offers a compelling investment opportunity in the expanding uranium sector. As exploration advances and additional discoveries emerge, Baselode is poised to deliver long-term value to shareholders while contributing to the future of clean energy.