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, clearing the last regulatory hurdle.
• The transaction is expected to close around August 28 2025, after which Forum will become a wholly‑owned subsidiary of Baselode and its shares will be delisted from the TSX‑V.
• Trading of Forum’s TSX‑V shares was briefly halted on August 26 2025 but has since resumed pending final closing.

Key Details

• Final Court Order: Supreme Court of British Columbia approved the previously announced plan of arrangement on Aug 22 2025.
• Exchange Ratio: Baselode will acquire each Forum share for 0.3535 of a Baselode common share.
• Shareholder Approval: Arrangement was overwhelmingly approved by Forum shareholders at a special meeting on Aug 19 2025.
• Closing Timeline: Expected completion “on or about” Aug 28 2025, subject to satisfaction or waiver of customary closing conditions.
• Post‑Closing Structure: Forum will become a wholly owned subsidiary of Baselode; Forum’s TSX‑V shares are expected to be delisted.
• Trading Halt: Forum shares were temporarily halted on Aug 26 2025 in connection with the anticipated closing; trading has resumed pending finalization.

Notable Quotes

(No direct quotes provided in the release.)