Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) reported that on August 22, 2025, the Supreme Court of British Columbia granted final approval for the company’s acquisition of Forum Energy Metals Corp (TSX-V:FMC, OTCQB:FDCFF).
The acquisition, which will see Forum Energy Metals shareholders receive 0.3535 of a Baselode common share for each Forum share held, was approved by Forum shareholders at a special meeting held on August 19, 2025.
Baselode Energy said it expects the acquisition to close on or about August 28, 2025, after which Forum Energy Metals will become a wholly owned subsidiary of Baselode and Forum shares are expected to be delisted from the TSX Venture Exchange.