Forum receives court OK for acquisition by Baselode

Executive Summary

• Supreme Court of British Columbia gave final approval to Forum Energy Metals’ plan of arrangement with Baselode Energy.
• Baselode will acquire 100 % of Forum’s common shares at a ratio of 0.3535 Baselode share per Forum share; closing expected around Aug. 28, 2025.
• Upon completion, Forum will become a wholly‑owned subsidiary of Baselode and its TSX‑V shares are slated for delisting.

Key Details

• Final court order issued on Aug. 22, 2025 confirming the previously announced arrangement.
• Share exchange ratio: 0.3535 Baselode common share for each Forum share held.
• Arrangement was approved by Forum shareholders at a special meeting on Aug. 19, 2025.
• Closing conditions are being satisfied; anticipated completion date is on or about Aug. 28, 2025.
• Trading of Forum shares on the TSX‑V was temporarily halted on Aug. 26, 2025 and has since resumed pending final delisting.
• Post‑closing, Forum will be a wholly owned subsidiary of Baselode; its TSX‑V listing will be terminated.

Notable Quotes

• “The parties continue to work diligently to satisfy the remaining customary closing conditions.” – Rebecca Hunter, President & CEO, Forum Energy Metals Corp.