Base Resources Limited (GB:BSE) has released an update.
Base Resources Limited is set to become a global critical minerals powerhouse following an agreement to be acquired by US-based uranium and critical minerals producer Energy Fuels, with a significant share premium offered to Base Resources’ shareholders. Amidst the transition, Base Resources experienced a relocation of mining operations leading to revised production guidance, and the market for its products has stabilized with improved demand. The company is also focused on advancing the Toliara Project in Madagascar, expecting progress post-election, while maintaining strong community and environmental engagement as it plans for the closure of Kwale Operations by the end of 2024.
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