Baselode Energy and Forum Energy Metals Combine to Create a New Force in Canadian Uranium Exploration

Vancouver, British Columbia--(Newsfile Corp. - June 24, 2025) - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode") and Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum", together with Baselode, the "Parties") are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") in an at-market business combination whereby Baselode will acquire all of the issued and outstanding common shares of Forum (the "Forum Shares") pursuant to a court-approved plan of arrangement (the "Arrangement"). The combined company will continue under the name Geiger Energy Corporation (TSXV: BEEP) (OTCQB: BSENF) ("Geiger").

Strategic Rationale for Geiger Energy

This business combination creates a uranium exploration leader with enhanced scale, diversified assets, a strengthened leadership team, and is backed by the Ore Group's proven capital markets platform. With a clear focus on discovery and growth, the combined company is positioned to immediately execute an aggressive exploration strategy and attract broader market interest.

Key Highlights

• Significant Potential: Flagship 100%-owned Aberdeen Project in the Thelon Basin, an underexplored region with district potential. A drill program to begin immediately.
• Pipeline Growth from Hook: The Hook Project remains a high-priority follow-up, with large-scale alteration systems suggestive of significant discovery potential and growth.
• One of Canada's Largest Uranium Exploration Portfolios: 100%-owned projects across the Thelon and Athabasca basins, two of the most prolific uranium regions globally.
• Optionality Through Critical Minerals: Additional copper and critical mineral exposure adds strategic upside and future optionality.
• Strong Capital Foundation: Clean capital structure, proven capital-raising capability, and enhanced market visibility.
• Refreshed Leadership: Dr. Rebecca Hunter, a leading Thelon expert, appointed CEO. Stephen Stewart continues as Chair, with a reconstituted board drawn from both teams.
• Ore Group Platform: Strategic guidance, capital markets execution, and long-term alignment under the Ore Group umbrella.

Shareholder Benefits