REG-Base Resources Limited: Special Dividend determined

Base ResourcesAnnouncement

26/08/2024 01:00

AIM and Media Release 

26 August 2024

Base Resources Limited
Special Dividend determined

African mineral sands producer, Base Resources Limited (ASX & AIM: BSE) (Base
Resources or the Company) advises that the Base Resources Board has determined
to pay a special dividend of AUD 6.5 cents per share (unfranked) (Special
Dividend), conditional on the scheme of arrangement to effect the Company’s
combination with Energy Fuels Inc. becoming effective (Scheme). 
Key dates
If the Scheme becomes effective, the key dates for the Special Dividend will
be as follows:

 Event                                                                                                                                                                                             Date                                                                                                                                                            
 Ex-date                                                                                                                                                                                           Tuesday, 17 September 2024                                                                                                                                      
 Special Dividend record date Date of exchange rates used for Foreign Designated Currencies (defined below)Last date for Foreign Designated Currency elections (only applicable for shareholders)  For shareholders:  5.00 pm (Perth time) on Wednesday, 18 September 2024For depositary interest holders: 6.00 pm (London time) on Wednesday, 18 September 2024   
 Latest date of announcement of exchange rate and dividend amount in Foreign Designated Currencies                                                                                                 Friday, 20 September 2024                                                                                                                                       
 Special Dividend payment date                                                                                                                                                                     Tuesday, 1 October 2024                                                                                                                                         
Payment by direct credit only
The Special Dividend will be paid by direct credit only.  See below for
details about how shareholders and depositary interest holders may provide or
update their banking details.

Conduit foreign income

The Special Dividend will be wholly paid from conduit foreign income. 
Non-Australian resident shareholders and depositary interest holders will
therefore not be subject to any Australian dividend withholding tax on the
Special Dividend.
Shareholder and depositary interest holder banking and tax information
Special Dividend payments will be made, and any required withholdings by Base
Resources in respect of taxes will be determined, based on applicable
information provided by each shareholder and depositary interest holder to (as
applicable) the Company’s share registry or the depositary interest
trustee. 

Shareholders

Shareholders may provide or update their banking details by completing a
Direct Credit Form and returning that form to Computershare Australia. 
Direct Credit Forms can be obtained by contacting Computershare Australia:
* on 1300 271 804 (within Australia) or +61 3 9938 4380 (outside of
Australia), Monday to Friday 8.30 am to 5.00 pm (Melbourne time); or
* by email at web.queries@computershare.com.au.
Direct Credit Forms should be returned to Computershare Australia:
* by post: Computershare Investor Services Pty Limited, GPO Box 2975
Melbourne, Victoria 3001 Australia
* by email: web.queries@computershare.com.au
Depositary interest holders

Depositary interest holders may provide or update their banking details by
completing a Dividend Mandate Form and returning that form to the depositary
interest trustee, Computershare UK.  Dividend Mandate Forms can be obtained
by contacting Computershare UK:
* by phone on +44 (0)906 999 0000 between 8.30 am and 5.30 pm (London time)
Monday to Friday (excluding public holidays); or
* by email at WebCorres@computershare.co.uk.
Dividend Mandate Forms should be returned to Computershare UK by post
to: Computershare Investor Services PLC, The Pavilions, Bridgwater Road
,Bristol, BS99 6ZZ, United Kingdom.

Depositary interest holders may also provide their banking details through the
CREST system by inputting a valid CREST mandate.

Payment currency and method

The Special Dividend has been determined in Australian dollars, but will also
be paid to shareholders in US dollars and British pounds sterling (Foreign
Designated Currencies).  Shareholders will be paid in Australian dollars,
unless they elect to be paid by direct credit in a Foreign Designated Currency
by specifying banking details for a financial institution in the relevant
currency prior to 5.00 pm (Perth time) on Wednesday, 18 September 2024.  The
Special Dividend will only be paid to depositary interest holders in British
pounds sterling. 

The Special Dividend will be converted to the Foreign Designated Currencies
based on applicable exchange rates on the Special Dividend record date
(Wednesday, 18 September 2024).  The exchange rates and corresponding amounts
will be announced by no later than Friday, 20 September 2024.

Scheme information line

If 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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