Baselode Announces Approval of Plan of Arrangement by Forum Shareholders, Updates on Merger

Executive Summary

• Forum Energy Metals shareholders approved Baselide’s proposed plan of arrangement, clearing the deal for a share‑exchange acquisition of all Forum shares.
• The vote was overwhelmingly in favour (97.57%); Baselide now seeks court approval and expects completion shortly thereafter.
• Baselide will hold its own AGM/Special Meeting on September 16, 2025 to rename itself Geiger Energy Corporation and consider a share‑consolidation.

Key Details

• Share‑exchange ratio: 0.3535 Baselode common shares for each Forum share held.
• Shareholder approval: 97.57% of Forum shareholders voted “yes” at the Special Meeting on August 19, 2025, satisfying both the two‑thirds overall vote requirement and the majority of non‑interested party votes under MI 61‑101.
• Next steps for Baselide:
• File for a Final Order from the Superior Court of British Columbia (target date: August 22, 2025).
• Anticipated closing shortly after receipt of the court order.
• Baselide’s upcoming AGM/Special Meeting (Sept 16, 2025):
• Proposal to change corporate name to Geiger Energy Corporation.
• Proposal for a possible share consolidation on a basis of 1 post‑consolidation share for up to every 5 pre‑consolidation shares.
• Leadership of new Geiger Energy Metals:
• CEO – Dr. Rebecca Hunter (formerly Forum board).
• Chairman – Stephen Stewart.
• Additional board appointments: Dr. Rebecca Hunter and Janet Meiklejohn (both former Forum directors).
• Geiger’s focus: Development of 100 % owned Aberdeen (Nunavut) and Hook (Saskatchewan) uranium projects, positioned as a well‑capitalized Canadian uranium explorer.
• Baselide’s exploration assets: Controls ~226,128 ha in the Athabasca Basin; land free of option agreements/royalties; notable ACKIO near‑surface uranium prospect discovered 2021 with >375 m strike length and multiple pods extending to ~300 m depth.

Notable Quotes

• “On behalf of the Board of Directors of Baselode Energy Corp., James Sykes, CEO, President & Director.” (Signature block)