Base Resources Limited

BSE

AU000000BSE5

Specialty Mining & Metals

Market Closed - Australian S.E. Other stock markets 02:10:37 2024-07-04 EDT			5-day change	1st Jan Change
0.265 ^AUD	0.00%		0.00%	+70.97%

07-02	Base Resources Gets Kenyan Regulator's Nod to Merge with Energy Fuels	MT
07-02	Base Resources gets Kenyan green light for Energy Fuels deal	AN

Base Resources gets Kenyan green light for Energy Fuels deal

July 02, 2024 at 04:38 am

Base Resources Ltd - Australia and Africa-focused mineral sands company - Says Competition Authority of Kenya on Monday approves combination with US firm, Energy Fuels Inc. Notes other regulatory approvals are awaited from Australia’s Foreign Investment Review Board and the Malagasy Competition Council. Base Resources expects deal to be completed by mid-September.

In April, Base Resources agreed to a takeover by Energy Fuels, saying the combination will "establish a global leader" in the critical minerals sector. Base Resources said its shareholders will receive 0.026 of an Energy Fuels share for each of its own shares, plus a special dividend of 6.5 Australian cents per share, giving it a total equity value of AUD375 million or around GBP195.5 million.

Current stock price: 13.75 pence

12-month change: up 55%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES AFRICA TITANS 50 INDEX	486.7 PTS	+0.27%	+2.31%	-
S&P AFRICA 40 INDEX	165.2 PTS	+0.27%	+2.74%	-
BASE RESOURCES LIMITED	0.265 AUD	0.00%	0.00%	208M

Latest news about Base Resources Limited

Base Resources Gets Kenyan Regulator's Nod to Merge with Energy Fuels	07-02	MT
Base Resources gets Kenyan green light for Energy Fuels deal	07-02	AN
Berenberg Downgrades Base Resources to Hold from Buy	06-27	MT
Berenberg cuts Anglo American and Rio Tinto	06-27	AN
Base Resources raises production guidance despite weak third quarter	04-30	AN
Transcript : Base Resources Limited, Q3 2024 Earnings Call, Apr 30, 2024	04-30
Base Resources Limited Revises Production Guidance for the Year 2024 and Provides Production Guidance for the Year 2025	04-30	CI
Base Resources Limited Announces Production Results for the Quarter Ended March 31, 2024	04-30	CI
Transcript : Base Resources Limited, Q3 2024 Earnings Call, Apr 30, 2024	04-29
TSX claws back some April declines as sentiment improves	04-22	RE
Energy Fuels Drops 11%, as it Offers to Acquire Australia-Listed Base Resources for A$375 Million	04-22	MT
Energy Fuels Shares Drop After Accord to Acquire Base Resources for $241.2 Million in Cash, Stock	04-22	MT
TSX flat as broader gains offset materials weakness	04-22	RE
Upcoming Earnings Boost Exchange-Traded Funds, Equity Futures Pre-Bell Monday	04-22	MT
Transcript : Base Resources Limited, Energy Fuels Inc. - M&A Call	04-22
Energy Fuels to Acquire Australia-Listed Base Resources for A$375 Million	04-22	MT
Base Resources Signs AU$375 Million Takeover Offer from US-based Energy Fuels	04-22	MT
Transcript : Base Resources Limited, Energy Fuels Inc. - M&A Call	04-22
Base Resources shares surge on agreement for Energy Fuels takeover	04-22	AN
AIM WINNERS & LOSERS: Base Resources surges on takeover offer	04-22	AN
Hipgnosis jumps on Blackstone rival offer	04-22	AN
Transcript : Base Resources Limited, Energy Fuels Inc. - M&A Call	04-21
Australian shares rebound as miners and financials jump; inflation data awaited	04-21	RE
Base Resources Limited Announces Unfranked Special Dividend	04-21	CI
Energy Fuels Inc. entered into a binding agreement to acquire Base Resources Limited for AUD 0.3 million.	04-20	CI

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Company Profile

Base Resources Limited is an Australia-based mineral sands producer and developer. The Company operates the Kwale Operations in Kenya and is developing the Toliara Project in Madagascar. It is also conducting an exploration program in Tanzania. Its segments include Kwale Operation, Toliara Project, and Other. The Kwale Operation segment includes its 100% owned Kwale Operation located in Kenya and engaged in the sale of rutile, ilmenite and zircon. Kwale Operations is located 50 kilometers south of Mombasa, the principal port facility for East Africa. The Kwale Operation features a high-grade ore body with a mineral assemblage, rich in rutile. Its products from Kwale Operation are transported to the Companyâs own Likoni Port facility, located inside Mombasa Port, for export to customers. The Toliara Project is in south-west Madagascar, about 45 kilometers (km) north of the regional town and port of Toliara. The Toliara Project includes a high grade, ilmenite rich, Ranobe deposit.

Sector

Specialty Mining & Metals

Calendar

2024-08-25 - Q4 2024 Earnings Release (Projected)

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