Base Resources Limited - FIRB approval received for Energy Fuels combination
Base Resources Limited - FIRB approval received for Energy Fuels combination
PR Newswire
LONDON, United Kingdom, August 21
AIM and Media Release
21 August 2024
Base Resources Limited
FIRB approval received for Energy Fuels combination
Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company) advises that Energy Fuels Inc. has received written confirmation from the Foreign Investment Review Board (FIRB) that the Australian Commonwealth Government has no objection to the scheme of arrangement to effect the Company’s proposed combination with Energy Fuels Inc. (Scheme) under the Foreign Acquisitions and Takeovers Act 1975 (Cth).
As a result, the condition precedent to the Scheme relating to FIRB approval has been satisfied. The only remaining regulatory approval condition precedent to implementation of the Scheme concerns an application to the Malagasy Competition Council, which remains under review.
The Scheme also remains subject to certain customary conditions precedent, including approval of the Scheme by Base Resources’ shareholders at the Scheme meeting to be held on 5 September 2024 and approval of the Federal Court of Australia.
If Base Resources shareholders or depositary interest holders have any questions in relation to the Scheme, they should contact the Base Resources Scheme information line on 1300 271 804 (within Australia) and +61 3 9938 4380 (outside Australia) between 8.30am and 5.00pm (Melbourne time), Monday to Friday, excluding public holidays.
ENDS.
For further information contact:
| Australian Media Relations | UK Media Relations |
| Sodali & Co | Tavistock Communications |
| Cameron Gilenko and Michael Weir | Jos Simson and Gareth Tredway |
| Tel: +61 8 6160 4900 | Tel: +44 207 920 3150 |
About Base Resources
Base Resources is an Australian based, African focused, mineral sands producer and developer with a track record of project delivery and operational performance. The Company operates the established Kwale Operations in Kenya and is developing the Toliara Project in Madagascar. Base Resources is an ASX and AIM listed company. Further details about Base Resources are available at www.baseresources.com.au.
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James Asensio / Raj Khatri / George Grainger
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Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800
