Interview with James Sykes, President & CEO of Baselode Energy Corp.

Our previous interview: https://www.cruxinvestor.com/posts/baselode-energy-tsx-vfind-unlocking-uranium-potential-in-canadas-prolific-athabasca-basin-4887

Recording date: 5th March 2024

Baselode Energy Corp (TSXV:FIND) is taking an unconventional approach in the hunt for the next big uranium discovery in Saskatchewan's Athabasca Basin. While most explorers focus on deep targets in the Basin center, Baselode is betting on shallower deposits along the Basin margins with their "Athabasca 2.0" strategy.

CEO James Sykes believes this gives Baselode a key advantage. Shallow targets are cheaper and faster to drill, allowing the company to test more areas with the same exploration budget. "We're looking for things shallower than 200m," Sy explained. "We want to maintain that shallow focus because we know those types of deposits go into production much quicker."

Baselode recently raised $6 million to fund an expanded 4,000-meter drill program across 6-8 target areas. Early results are encouraging, with the first three holes confirming key alteration and fluid movement systems needed to host uranium mineralization.

The company also plans to expand on the existing ACKIO zone discovery at their flagship Hook project. A summer drill program will test for extensions to the promising uranium mineralization intersected in previous drilling. While exploration is high risk, Baselode's technical approach of using geophysics and other methods to refine drill targets improves their odds of success.

The uranium market is experiencing a resurgence, driven by recognition of nuclear power's importance in decarbonizing global energy systems. Demand growth is expected to outpace current production, creating opportunities for new discoveries in proven jurisdictions like the Athabasca Basin.

Baselode's "Athabasca 2.0" strategy offers investors a compelling exploration story with the potential for a shallower, easier-to-develop uranium discovery. When Baselode does manage to delineate a significant shallow uranium deposit, it could be very lucrative for shareholders given the current market enthusiasm for new discoveries.

With an aggressive drill program planned and a team highly motivated to deliver results, Baselode Energy is a uranium explorer to watch in 2024. The next drill hole could be the one that delivers a company-making discovery.

View Baselode Energy's company profile: https://www.cruxinvestor.com/companies/baselode-energy

Sign up for Crux Investor: https://cruxinvestor.com