Base Resources lodges Court orders for Energy Fuels scheme

Base Resources Limited (ASX:BSE) has lodged the orders made by the Federal Court of Australia approving the scheme of arrangement under which a wholly owned subsidiary of Energy Fuels Inc. will acquire 100% of the shares in Base Resources. The Scheme is now legally effective, and Base Resources shares will be suspended from trading on ASX from close of trading on 13 September 2024. Additionally, the Board had previously announced a Special Dividend of AUD 6.5 cents per share, which is now unconditional.

Executive Commentary on Scheme and Special Dividend

The Scheme becoming legally effective marks a significant milestone for Base Resources as it paves the way for the acquisition by Energy Fuels. The Board's decision to pay a Special Dividend underscores our commitment to delivering value to our shareholders. We believe that these developments will position Base Resources for continued growth and success in the future.

Summary of Base Resources Scheme and Special Dividend

Base Resources (ASX:BSE) has successfully lodged the Court orders for the scheme of arrangement, enabling the acquisition by Energy Fuels. The Special Dividend of AUD 6.5 cents per share has been confirmed as unconditional, with a Record Date of 18 September 2024 and payment on 1 October 2024. Shareholders are reminded of the Scheme Consideration and the process for small shareholders to elect to participate in the Sale Facility. Base Resources will continue to provide updates on the Scheme's progress and remains committed to delivering shareholder value.