REG-Base Resources Limited: Malagasy regulatory confirmation obtained for Energy Fuels combination

Base ResourcesAnnouncement

27/08/2024 11:00

AIM and Media Release 

27 August 2024

Base Resources Limited 
Malagasy regulatory confirmation obtained for Energy Fuels combination

Base Resources Limited (ASX & AIM: BSE) (Base Resources or the Company)
advises that it has received confirmation from the Malagasy Competition
Council that it does not object to the Company's proposed combination with
Energy Fuels Inc. and that the transaction may proceed.

As a result, the condition precedent to the Scheme relating to the Malagasy
Competition Council is considered satisfied and there are no remaining
regulatory approval conditions precedent to implementation of the Scheme.

The Scheme 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.

PRINCIPAL & REGISTERED OFFICE
Level 3, 46 Colin Street
West Perth, Western Australia, 6005
Email:  info@baseresources.com.au
Phone: +61 8 9413 7400
Fax: +61 8 9322 8912

NOMINATED ADVISER & JOINT BROKER
Canaccord Genuity Limited
James Asensio / Raj Khatri / George Grainger
Phone: +44 20 7523 8000

JOINT BROKER
Berenberg
Matthew Armitt / Detlir Elezi
Phone: +44 20 3207 7800



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