Basin ready to power into uranium exploration following ASX listing

Basin ready to power into uranium exploration following ASX listing

Picture: Getty Images share

Australia’s newest uranium play is poised to start trading on the ASX this afternoon after successfully raising $9m through a heavily oversubscribed IPO priced at 20c per share.

Strong support for the IPO was received from Australian and North American specialist resource and energy funds.

This should come as no surprise given the growing realisation that nuclear energy is necessary for energy security and could support the shift to net zero emissions.This positive outlook for nuclear is coupled with Basin Energy’s (ASX:BSN) suite of highly prospective assets located within the world-class Athabasca Basin in Saskatchewan, Canada, which is widely acknowledged as the highest-grade uranium district in the world.With the influx of capital from the IPO, the Company is now well funded to kick off surface mapping and sampling, geophysical data review and target generation work across its North Millennium, Geikie and Marshall projects, with drilling at […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet