How to buy shares in Basin Energy
Australia’s stock market continues to be popular with Canadian uranium explorers.
04 October 2022
Uranium explorer Basin Energy has hit the Aussie bourse today following a $9m capital raise as it looks to hit the ground running in Canada.
It’s the second Canadian uranium explorer to list here in the last month, after Terra Uranium $T92 lit up the market in September. Although its share price hasn’t exactly been green in its listed journey so far.
There are similarities between the two, with Basin also exploring Canada’s Athabasca Basin, an area ranked number two in the world for global mining investment attractiveness.
The company is targeting unconformity-type uranium deposits, which are among the largest and highest-grade deposits in the world. The Athabasca Basin has consistently delivered these deposits and, with them, big shareholder returns.
Basin Energy has three key projects: North Millenium, Geike and Marshall. North Millenium is located next door to the Millenium deposit in the heart of the basin.
Meanwhile the Geike project is on the eastern fringe and boasts shallow targets ripe for rapid exploration in what is an area often overlooked. Geike will be the site of its maiden drilling program expected to begin in 2023.
Basin Energy is available to trade on Stake under the ticker $BSN.