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Base Resources Limited advises that the resolution to approve the scheme of arrangement to effect a combination with Energy Fuels Inc., as set out in the Notice of Scheme Meeting in Annexure 6 of the Scheme Booklet dated 2 August 2024, was passed by the requisite majorities of Base Resources shareholders at the Scheme Meeting held on 5 September 2024.

The Base Resources Board has determined to pay a special dividend of AUD 6.5 cents per share (unfranked), conditional on the scheme of arrangement to effect the Company’s combination with Energy Fuels Inc. becoming effective.

The Company has achieved several significant milestones throughout the year, including achieving production guidance, completion of the Toliara Monazite PFS and the proposed combination with Energy Fuels Inc.

The Scheme Booklet containing key information for Base Resources shareholders in relation to the proposed combination with Energy Fuels Inc., to be effected by way of scheme of arrangement, has been registered with ASIC.

Implementation of the proposed combination with Energy Fuels is well underway, with a Scheme Booklet expected to be despatched to shareholders in early August and completion targeted for early October.

Base Resources reached agreement with Energy Fuels, a US-based uranium and critical minerals producer, for a proposed combination to create a global critical minerals business.