Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) CEO James Sykes talked with Proactive's Stephen Gunnion about the company's ongoing uranium exploration successes in Saskatchewan, home to the world's highest-grade uranium deposits. Sykes highlighted the significance of the company's axial mineralization discovery, which starts just 25 meters below the surface and holds open-pit potential with high-margin returns.
Discussing recent assay results, Sykes noted significant progress with high-grade intercepts of over 1% uranium within 100 meters of the surface. He emphasized the momentum in the global nuclear sector, citing demand driven by new builds in Europe and Asia. Sykes also outlined Baselode’s strategic approach to meet supply needs and upcoming milestones, including the release of 40 drill hole results from their 2024 season.
Sykes affirmed that Baselode is fully funded for its 2025 drilling program, with $10 million in cash and $5 million in working capital. He shared plans for potential new discoveries and strategic partnerships to enhance shareholder value. Baselode is also exploring mineral characterization to optimize mining efficiency at its Ackio deposit.