Baselode, Forum Launch 7,000m Drill Program Nunavut Uranium Project

Baselode Energy Corp and Forum Energy Metals Corp have commenced a diamond drill program at the Aberdeen Project in Nunavut, targeting uranium mineralization with plans for up to 7,000 meters across 18-25 drill holes in 10 high-priority areas. This drilling initiative, starting in July, focuses initially on the Loki and Bjorn targets, known for elevated uranium values and hydrothermal alteration indicative of uranium potential. The companies recently announced their merger into Geiger Energy, aiming to enhance exploration scale and discovery potential in the Thelon and Athabasca Basins, two prominent uranium regions in Canada. The merger combines diversified assets and leadership expertise, backed by the Ore Group, to pursue aggressive exploration and attract market interest. While Forum Energy Metals faces financial challenges and is considered a high-risk investment, the collaboration and combined resources with Baselode are expected to expedite uranium discoveries at Aberdeen. Additional geophysical surveys are planned to refine drill targeting, underpinning the strategic focus on expanding uranium resources in the district.