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. – Sen. Bernie Sanders of Vermont says if Robert F. Kennedy Jr. doesn’t step down as Health and Human Services secretary in President Donald Trump’s administration, Americans will need to speak out.

‘We’ve got to rally the American people. This is a huge issue,’ Sanders told Fox News Digital on Monday.

Sanders, the ranking member of the Senate’s Health, Education, Labor and Pensions Committee, said ‘I’m not a scientist, I’m not a doctor, but I do talk to scientists, and I do talk to doctors, and the evidence is overwhelming. It’s not contestable. Vaccines work. They save millions and millions of lives.’

And the progressive champion and 2016 and 2020 Democratic presidential nomination runner-up warned that ‘if Kennedy and his friends are able to make people think that vaccines are not safe, it will be a real public health crisis for America.’

Sanders is among a growing list of politicians and officials who warn that Kennedy, the longtime environmental activist and vaccine skeptic who Trump picked late last year as his health secretary in his second administration, is jeopardizing the health of Americans with his controversial moves.

‘Mr Kennedy and the rest of the Trump administration tell us, over and over, that they want to Make America Healthy Again. That’s a great slogan. I agree with it. The problem is that since coming into office, President Trump and Mr Kennedy have done exactly the opposite,’ Sanders wrote this past weekend in an opinion piece in the New York Times.

And Sanders said that ‘despite the overwhelming opposition of the medical community, Secretary Kennedy has continued his longstanding crusade against vaccines and his advocacy of conspiracy theories that have been rejected repeatedly by scientific experts.’

Sanders’ call for Kennedy to resign came after last week’s firing of Centers for Disease Control (CDC) Director Susan Monarez, less than a month after she was confirmed. The firing of Monarez came after she refused Kennedy’s directives to adopt new limitations on the availability of some vaccines, including approvals for COVID-19 vaccines.

Four other top CDC officials resigned in protest hours later, accusing the Trump administration and Kennedy of weaponizing public health.

Sanders, who was interviewed Monday after headlining the New Hampshire AFL-CIO’s annual Labor Day breakfast, charged in his statement over the weekend that Kennedy ‘has absurdly claimed that ‘there’s no vaccine that is safe and effective’.’

‘Who supports Secretary Kennedy’s views?’ Sanders asked. ‘Not credible scientists and doctors. One of his leading ‘experts’ that he cites to back up his bogus claims on autism and vaccines had his medical license revoked and his study retracted from the medical journal that published it.’

The incident received rare bipartisan pushback by some members of Congress.

But the White House defended the firing of Monarez, with White House Press Secretary Karoline Leavitt telling reporters on Thursday that the president has the ‘authority to fire those who are not aligned with his mission.’ 

‘The president and Secretary Kennedy are committed to restoring trust and transparency and credibility to the CDC by ensuring their leadership and their decisions are more public-facing, more accountable, strengthening our public health system and restoring it to its core mission of protecting Americans from communicable diseases, investing in innovation to prevent, detect and respond to future threats,’ Leavitt argued.

Fox News Bonny Chu and Landon Mion contributed to this story

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Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that it has received official written confirmation for the grant qualification of the CERENERGY(R) sodium-chloride solid-state battery project in Saxony, Germany to the value of 30% of the total capital expenditure excluding working capital, financing cost and interest during construction amounting to EUR46,725,802.

Highlights

– Altech Batteries GmbH’s CERENERGY(R) battery project has been approved by Germany’s Ministry of Economic Affairs and Energy as eligible for Grant receipt under the ‘STARK'(1) economic development program

– Altech Batteries GmbH’s CERENERGY(R) battery project passed the second stage of Government approval for a 30% CAPEX grant in the amount of 46.7 million Euro

– The grant approval is not yet final and conditional and subject to overall financial close and the availability of funds to be approved by the German parliament as part of the 2026 Government Budget

(1) STARK – Starkung der Transformationsdynamik und Aufbruch in den Revieren und an den Kohlekraftwerkstandorten

The STARK program supports projects that support the transformation process towards an ecologically, economically, and socially sustainable economic structure in the coal regions and is initiated by the German Federal Government and supported by the EU

Altech has been actively applying for various grants offered by the State of Saxony, Federal Government of Germany, and the European Union. The State of Saxony and Brandenburg, along with the European Union, offer substantial support for renewable energy projects, including grants under the STARK program aimed at converting lignite coal to renewable energy sources. These grants are part of broader efforts to transition regions dependent on fossil fuels toward sustainable energy solutions. Altech’s site, located in these areas, stands to benefit from various funding programs designed to support clean energy projects, including EU grants for energy transformation and innovation.

Having now received written confirmation of the STARK program for the CERENERGY(R) project, it is a great sign of support and a recognition of this innovative battery technology jointly undertaken by Altech and the Fraunhofer Gesellschaft.

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

News Provided by ABN Newswire via QuoteMedia

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Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY) (OTCMKTS:LKYRF) is pleased to announce the appointment of Mr Pat Burke as Non-Executive Chairman. Mr Burke brings proven experience and success in advancing rare earth element (REE) projects and has significant corporate governance expertise, ASX listed leadership experience and a strong track record in the resources sector.

In his role as Executive Chairman of Meteoric Resources NL (ASX:MEI), MC ~$370m, he oversaw the transformative acquisition and advancement of the Caldeira ionic clay REE project in Brazil, one of the world’s largest high grade ionic clay rare earth deposits. Mr Burke was actively involved in all aspects of the project’s initial progression, including negotiations with government agencies, local partners and funders.

He is a qualified lawyer, with over 20 years legal and corporate advisory experience. Mr Burke’s legal expertise is in corporate, commercial and securities law. His corporate advisory experience includes identification of acquisition targets, deal structuring and financing and project development.

He has held Board roles across numerous ASX companies, as well as AIM and NASDAQ-listed companies, including Mandrake Resources and Vulcan Energy Resources.

Locksley is entering a significant growth phase as it advances its Mine to Market Strategy. In conjunction with Mr Burke’s appointment, Mr Nathan Lude will transition from Chairman to the newly created role of Head of Strategy, Capital Markets & Commercialisation. This reflects the Company’s focus on advancing its U.S. minerals projects, processing pathways and downstream critical minerals and technology initiatives. In this role Mr Lude will dedicate his time to:

Downstream Technology & Commercialisation

– Coordinating Locksley’s collaboration with Rice University to fast-track antimony extraction, processing and energy storage innovation

– Securing commercial licensing opportunities, pilot site identification, and deployments

– Driving the establishment and contributions of Locksley’s U.S. subsidiary and Advisory Board

Strategic Partnerships & Government Engagement

– Building strategic partnerships and alliances with U.S. defense, energy, and targeted technology sectors

– Coordinating engagement through GreenMet, including submissions to U.S. federal and state government programs and funding opportunities such as the DOE, DoD, and EXIM Bank

Capital Markets & Investor Growth

– Overseeing marketing, investor relations, and public relations

– Coordinating with ASX funds and investors, while expanding the U.S. investor base via OTCQB

– Assessing growth pathways to OTCQX, NASDAQ, SPAC structures, and Frankfurt listing

Mr Lude commented:

‘Locksley has rapidly advanced its growth strategy in recent months, advancing both upstream project development and new downstream opportunities. This change allows me to focus on our Mine to Market initiatives in the U.S., where our projects and partnerships can meaningfully strengthen America’s critical minerals supply chain. With Pat leading the Board, drawing on his experience and success in identifying and advancing the Meteoric REE opportunity and his deep industry knowledge on critical minerals, I can dedicate my time to building the business foundations for Locksley’s next phase of investor growth.’

Mr Burke commented:

‘Locksley’s integrated approach from resource development through to downstream processing and advanced applications is well aligned with the current U.S. focus on secure, strategic critical minerals supply chains. I look forward to working with the Board and management to advance the Company’s portfolio and deliver value for shareholders.’

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY) (OTCMKTS:LKYRF) is an ASX-listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development of critical minerals for U.S.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 240 claims across two contiguous prospect areas, namely, the North Block-Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With surface samples grading up to 46% Sb as well as silver up to 1,022 g/t Ag, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Source:
Locksley Resources Limited

Contact:
Nathan Lude
Chairman
Locksley Resources Limited
T: +61 8 9481 0389

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

President Donald Trump has attacked the Senate for blocking his preferred nominees from being confirmed to key positions, but lawmakers and people familiar with the process say the Senate is not necessarily to blame.

Trump has faulted the Senate’s ‘blue slip’ tradition, an unwritten rule requiring nominees for judge, U.S. attorney and U.S. marshal to obtain home state senators’ approval prior to being confirmed.

He said blue state senators will only greenlight ‘Democrats or maybe weak Republicans.’ The president called on Sen. Chuck Grassley, R-Iowa, chairman of the Senate Judiciary Committee, to abolish the practice, and he threatened to sue over it.

But Grassley and other Republicans are unbudging in their position that blue slips are an indispensable part of the confirmation process. Blue slips have been used for more than a century. Past presidents have gotten many nominees confirmed under the system, suggesting other factors are contributing to Trump’s struggle to secure blue slips from Democrats.

Trump threatens to sue over ‘gentlemen’s agreement’

Trump and his allies escalated attacks on the blue slip process this week, accusing Grassley of blocking nominees by maintaining it.

‘This is because of an old and outdated ‘custom’ known as a BLUE SLIP, that Senator Chuck Grassley, of the Great State of Iowa, refuses to overturn,’ Trump wrote on Truth Social.

The president threatened to sue over what he said was a ‘gentlemen’s agreement,’ though it is unclear whom the government would sue and on what grounds.

‘It’s not based on law, and I think it’s unconstitutional, and I’ll probably be filing a suit on that pretty soon,’ Trump told reporters in the Oval Office.

Asked about the possible lawsuit and why Trump’s nominees in blue states are struggling with confirmation, the White House told Fox News Digital in a statement the holdup must be addressed.

‘Senate Democrats have led a campaign of historic obstruction against President Trump and his nominees,’ White House spokeswoman Abigail Jackson said. ‘The left’s partisan, obstructionist agenda is only hurting the American people and it must end.’

‘Troubling’ pattern of circumventing Senate

Trump appointed his former personal defense lawyer Alina Habba as ‘interim’ U.S. attorney, which carries a 120-day term limit that federal judges have the ability to extend under federal vacancy laws if no one has been confirmed by the Senate to the position by then.

Judges have opted to extend Trump’s nominees, like in Jay Clayton’s case in the Southern District of New York. But in an unusual move, the federal judges of New Jersey rejected Habba.

The judges selected someone else, whom Trump and Attorney General Pam Bondi promptly fired. Trump and Bondi then used a series of legal maneuvers to reinstall Habba to another temporary term, but a federal judge ruled the moves unconstitutional. The Trump administration is appealing that decision in a case that could now make its way to the Supreme Court and force the justices to weigh in on what has become a pattern of Trump end-running around the Senate.

John Sarcone in the Northern District of New York faced a situation similar to Habba’s, and he is now serving as ‘acting’ U.S. attorney. Bill Essayli in the Central District of California, who has taken on a vocal pro-Trump stance amid high-profile deportation cases in his district, has also transitioned from ‘interim’ to ‘acting’ U.S. attorney. Acting U.S. attorneys also carry a temporary term of 210 days. It is unclear how Trump will proceed once those terms expire.

Carl Tobias, University of Richmond law professor, said the workarounds defy the spirit of the Constitution, which says nominees must be confirmed ‘with the advice and consent’ of the Senate.

‘It’s good to have that scrutiny from the Judiciary Committee and then on the floor, and so hopefully they could return to something like that, but I’m not sure that’s going to happen, and so I think it is troubling,’ Tobias told Fox News Digital.

How to get a blue slip from the other party

The administration must engage with the Senate during the nomination process, including by consulting early on with home state senators about possible nominees.

Former President Joe Biden secured blue slips from opposing parties for 49 nominees, including 27 U.S. attorneys, while Trump’s first administration was able to secure confirmations for nearly all the U.S. attorneys the president nominated.

The blue slip, to senators, is a crucial negotiating tool, one that Article III Project founder Mike Davis said is not going away, despite Trump’s intensifying objections to it. Davis, a staunch Trump supporter, served as counsel to the Senate Judiciary Committee and oversaw nominations under Grassley in the prior Trump administration.

‘It’s not going away. Why would it? Why would senators give up their power? They’re not going to do it,’ Davis told Fox News Digital, adding that blue slips to the Senate are ‘the sacred china that’s never going to get broken.’

The vetting process

Nominees must also provide the Senate Judiciary Committee with a questionnaire, an FBI background check and financial disclosures. A source familiar with the process told Fox News Digital the committee did not receive Habba’s paperwork to begin vetting her. 

Habba has said she could not begin the process because Democratic Sens. Cory Booker and Andy Kim of New Jersey, would not give blue slip approval. It is unclear if and when the Trump administration approached the pair of senators about Habba. 

Habba, like Trump, blamed Grassley.

‘The blue slip TRADITION prevents a nominee from getting to the point of making that case to the committee and Senate floor. You know who can get rid of it? YOU @ChuckGrassley,’ Habba wrote on X.

She told Grassley ‘this is a time for leadership, not deflection’ and that the chairman should not be ‘doing the dirty work of Thom Tillis, Corey Booker and Andy Kim.’

Booker’s and Kim’s offices did not respond to a request for comment.

Grassley defends bipartisanship

Grassley went on a tear on social media this week, defending his decision to maintain blue slips, which the committee chair has discretion over.

‘U.S. Atty/district judge nominee without a blue slip does not hv the votes to get confirmed on the Senate floor & they don’t hv the votes to get out of cmte,’ the 91-year-old senator wrote. ‘As chairman I set Pres Trump noms up for SUCCESS NOT FAILURE.’

Sen. Thom Tillis, R-N.C., who is among several Republicans who will not vote for a nominee who has not been approved by home state senators, pointed to a statement on social media when asked for comment by Fox News Digital.

‘Chairman Grassley is a principled conservative who wants to keep radical liberals off the bench. Getting rid of the blue slip is a terrible, short-sighted ploy that paves the path for Democrats to ram through extremist liberal judges in red states over the long-term,’ Tillis wrote on X.

Are Democrats to blame?

Trump has thus far secured opposing party blue slips for four nominees. Davis said Trump is facing a unique level of obstruction from Democrats.

‘Every White House does what it can to engage the opposition party, but Democrats have made it clear they’re not interested in working with President Trump, so it’s understandable that his focus has been elsewhere for now,’ Davis said.

Senate Minority Leader Chuck Schumer, D-N.Y., for instance, has refused to give a blue slip to Clayton, the former Securities and Exchange Commission chairman. But Clayton’s ability to win the vote of the federal judges in the Southern District of New York has allowed him to serve as U.S. attorney without confirmation.

Sen. Dick Durbin, D-Ill., Senate Judiciary Committee ranking member, has further complicated the confirmation process by putting a hold on U.S. attorney nominees, which drastically slows, but does not fully block, the process.

Vice President JD Vance, then a senator, did the same for Biden’s nominees toward the end of the last administration.

Trump’s fight with the upper chamber is likely to evolve, especially as higher courts weigh in on Habba’s nomination, which is currently invalid, according to the district court judge’s decision this month. The U.S. Court of Appeals for the Third Circuit has set a briefing schedule in the case that stretches through October, but eventually the Supreme Court could also chime in on whether Trump’s manner of sidestepping the Senate is constitutional. 

This post appeared first on FOX NEWS

President Donald Trump says he plans to sign an executive order aimed at requiring voter ID in elections across the country.

Trump made the statement on social media late Saturday night, saying he is also seeking other reforms to how U.S. elections take place.  

‘Voter I.D. Must Be Part of Every Single Vote. NO EXCEPTIONS! I Will Be Doing An Executive Order To That End!!! Also, No Mail-In Voting, Except For Those That Are Very Ill, And The Far Away Military. USE PAPER BALLOTS ONLY!’ Trump wrote on Truth Social.

Trump previously attempted to impose voter ID via an executive order earlier this year in a wider election integrity action.

In April, Judge Colleen Kollar-Kotelly of the U.S. District Court for the District of Columbia struck down the portions of that order that related to voter identification requirements.

Kollar-Kotelly maintained that Trump did not have the authority to issue such an order, as the Constitution delegates control of election regulations to Congress and states.

‘Consistent with that allocation of power, Congress is currently debating legislation that would affect many of the changes the President purports to order,’ Kollar-Kotelly, a Clinton appointee, wrote in her order. ‘No statutory delegation of authority to the Executive Branch permits the President to short-circuit Congress’s deliberative process by executive order.’

Nevertheless, requiring voters to provide proof of citizenship remains widely popular among Americans, according to a poll from Gallup taken just before the 2024 elections.

The poll found that 84% of U.S. adults were in favor of requiring voters to show identification and 83% supported requiring proof of citizenship when registering for the first time. 

When broken down by party, 67% of Democrats, 84% of Independents and 98% of Republicans were in favor of mandating voter ID. The party breakdown over proof of citizenship was similar, with 66% of Democrats, 84% of Independents and 96% of Republicans supporting the idea.

Fox News’ Rachel Wolf contributed to this report

This post appeared first on FOX NEWS

Former FBI Director Robert Mueller was diagnosed with Parkinson’s disease, his family revealed to the New York Times.

Mueller is the former special counsel who led the Russia investigation into President Donald Trump’s 2016 campaign.

Mueller, 81, was diagnosed in 2021 and retired from public life the following year after briefly teaching law, according to a family statement provided to The Times.

‘Bob was diagnosed with Parkinson’s disease in the summer of 2021. He retired from the practice of law at the end of that year. He taught at his law school alma mater during the fall of both 2021 and 2022, and he retired at the end of 2022,’ the statement said.

This post appeared first on FOX NEWS

Investor Insight

Basin Energy offers uranium and rare earth exposure through high conviction exploration projects within tier-1 jurisdictions.

The group’s primary focus is the testing of district scale uranium and rare earth potential at the Sybella Barkly project, located directly west of the prolific mining town of Mount Isa, in northwest Queensland. These projects are deemed prospective for roll-front uranium, shear hosted hard rock uranium, sediment/ionic clay hosted rare earth elements and for hard rock rare earths. Evidence in support of this comes from the direct proximity and geological analogies to both ASX Paladin Energy’s Valhalla uranium deposit and its uranium source, the Sybella Batholith and for rare earth potential adjacent to ASX Red Metal’s Sybella Discovery.

The company also provides strategic exposure to three projects in Canada’s Athabasca Basin, the heartland of uranium exploration, where it is partnered with TSXV CanAlaska uranium and has a strategic early mover position in the emerging energy metals districts of Sweden and Finland ranked 6 and 1, respectively on the Fraser index in 2024.

With a technically driven exploration focus for uranium and rare earth minerals within tier-one jurisdictions, Basin Energy is well-positioned to capitalize on the global push for clean energy.

Overview

District Scale Uranium and Rare Earths Opportunity – Queensland Australia

Basin holds 5,958 sq km of exploration tenure in the Mount Isa district of northwest Queensland. The projects provide compelling walk-up drill targets that can be rapidly and cost-effectively tested using air core and reverse circulation (RC) drilling.

The drill-ready, district scale opportunity includes:

  • Paleochannel roll front uranium
  • Sediment and ionic clay hosted rare earth elements
  • Hard rock, granite hosted rare earth elements

In addition to these three district-scale targets, the project area contains multiple shear-hosted Valhalla-style uranium targets defined for immediate assessment.

Project location map

The primary model is based on mineralisation sourced from the various granites of the Sybella Batholith, a large north-south trending igneous body containing zones enriched in rare earth elements. This includes the Red Metal (ASX:RDM) giant Sybella Discovery. Several granites from the Sybella are also uranium rich, potentially being the source of Paladin Energy’s (ASX:PDN) Valhalla deposits.

The projects cover an extensive portion of the Sybella Batholith, deemed prospective for granite-hosted REEs, as well as a significant landholding west of the Sybella, known as the Barkly Tablelands. The Barkly Tablelands are regarded as prospective for sediment-hosted mineralisation and was surveyed with airborne electromagnetics (AEM) by Summit Resources in February 2007, prior to its acquisition by Paladin Energy. Whilst numerous targets were identified, no drilling was completed at the time. Importantly, past exploration focused mainly on base metals, phosphate and water bores, meaning the uranium and rare earth potential remains virtually untouched.

Prospective target concepts

Paleochannel Roll-Front Uranium Potential – District Scale Target 1

The Summit Resources AEM survey identified an extensive network of paleochannels within the Barkly Tablelands, fed from the uranium-rich Sybella Batholith. This network trends south beyond the limits of existing survey data, suggesting even further potential remains to be identified.

Historical drilling in the area noted geological features typically associated with uranium deposits, such as redox fronts, sandstone channels and impermeable cap rocks. However, no uranium assays were conducted at the time.

Given the Sybella granites are considered the potential source of Paladin’s nearby Valhalla uranium deposits, Basin believes significant uranium will have also been transported into these paleochannels through erosion and chemical leaching processes. Previous work by Summit Resources and Furgo has already prioritised several high-potential targets. Basin plans to complete a first pass aircore drilling program to delineate this potential in Q4 2025.

Ternary radiometrics and AEM conductivity depth slice (paleochannels are projected to surface)

Sediment and Ionic Clay Hosted REE Potential – District Scale Target 2

Surface and auger geochemistry sampling across the Barkly Tablelands has confirmed significant REE enrichment, with multiple results exceeding 600 ppm TREO. The sediments are directly sourced from the Sybella Batholith with the highest of these values located directly down drainage catchments linked to Red Metals Sybella Discovery.

Sediment-hosted REEs and target zones

Previous AEM surveys also revealed a broad conductive layer within the Barkly Tablelands sediments, approximately 12 metres thick at shallow depths between 20-32 metres, and covering a footprint of over 1,000 sq km. This layer is interpreted to represent a clay-rich unit capable of hosting ionic clay REE deposits.

AEM outlining laterally extensive conductive sediment target

Granite Hosted REE Potential – District Scale Target 3

The various granites that make up the Sybella contain zones of enriched REEs, including the Red Metal (ASX:RDM) owned Sybella Discovery.

Basin’s ground includes several prospects (Newsmans Bore, Eight Mile and Threeways) where a shallow proof of concept auger drilling program returned highly encouraging results in 2023.

The most encouraging results from the auger drilling at Newmans Bore reported at over 0.5 m at >1000 ppm TREO, including:

  • SYAH23-020 – 5.0 m @ 1,951 ppm TREO with 578 ppm Nd+Pr oxide combined (including 3 m @ 705 ppm) from 4 m to end of hole
  • SYAH23-006 – 2.5 m @ 1,343 ppm TREO with 248 ppm Nd+Pr oxide combined from 5 m to end of hole
  • SYAH23-018 – 0.5 m @ 1,996 ppm TREO with 465 ppm Nd+Pr oxide combined from 2 m to end of hole
  • SYAH23-131 – 2.6 m @ 1,535 ppm TREO with 329 ppm Nd+Pr oxide combined from 3 m to end of hole

These results are very significant, as mineralisation continued to the end of hole and closely mirrors the geochemical patterns seen by Red Metal prior to their Sybella discovery.

Auger drilling completed by NeoDys, with highlights from Newmans Bore

Red Metals Discovery REE anomaly

Red Metal utilised RC drilling beneath this anomaly and identified broad zones of rare earth anomalism, which led to the Sybella discovery. NeoDys’ auger drilling across Basin’s project has outlined similar levels and scale of rare earth anomalism, demonstrating strong potential for comparable discoveries. See figure below.

Stylised section of NeoDys Newmans Bore auger drilling

The next phase for Basin will be to conduct deeper RC drilling to test potential continuity of these anomalies. Drilling is proposed for Q4 2025.

Hard Rock Shear-Hosted Uranium Valhalla Style Targets

In addition to the three district scale targets, Basin also sees strong potential for Valhalla-style shear zone uranium mineralisation within the North section of the license. Airborne radiometric data highlights several anomalies crossing both the Sybella granite and the Cromwell metabasalt, features consistent with the alternation patterns seen at other uranium deposits in the region. The scale and geological setting of these radiometric anomalies draws comparison to Paladin Energy’s Mount Isa (Valhalla) project, which contains 148.4 Mlbs of U3O8 at 728 ppm, and a combined 116 Mlbs within the Valhalla, Odin and Skal resources located just 7 km east of Basin’s license

Filtered airborne radiometric data (isolating high-U, low-K rocks) highlighting several potential Valhalla-style shear zone targets in the Cromwell Metabasalt and the adjacent Sybella Batholith

Company Highlights

  • Strategic exposure to district-scale opportunities with the potential to transform into world-class discoveries, delivering exceptional leverage on exploration success
  • Drill-ready Queensland projects positioned for rapid advancement, leveraging low-cost exploration techniques to deliver high-impact results.
  • Pure uranium exposure to the Athabasca Basin through partnership with CanAlaska Uranium, fresh off discovery success at West McArthur.
  • Early mover position in the Nordics ready to capitalise as Sweden reverses its uranium mining moratorium (effective Jan 1, 2026), unlocking access to Europe’s largest uranium endowment and elevating Nordic exploration upside.
  • Exposure to uranium (supply shortfall + nuclear demand growth) and rare earths (critical to EVs and renewables, with limited global supply), both sectors positioned for sustained upside.
  • Exploration leverage in globally ranked, mining-friendly jurisdictions Finland, Saskatchewan, Sweden, and Queensland minimizing geopolitical risk while maximizing discovery upside.
  • Experienced Team: Leadership includes veterans of uranium discovery and development, with direct experience in Athabasca Basin and international uranium markets.

Key Projects

Strategic Global Uranium Exposure

Basin holds interests in three projects, in partnership with TSX-V CanAlaska within the heartland of the world class Athabasca Basin uranium district. The company’s primary focus here is on the Geikie project where early drilling has identified a significant alteration system with analogies to major basement hosted uranium deposits of the district such as Nexgen energy’s prolific Arrow discovery. The company is actively seeking partnerships for the Marshall and North Millennium projects, which are prospective for unconformity style mineralisation with walk up drill ready targets.

Canada – Athabasca Basin

Geikie Project

The Geikie Project spans 351 sq km on the eastern margin of the Athabasca Basin and benefits from excellent access, with Highway 905 just 10 km to the east.

This underexplored region is considered highly prospective for shallow, basement-hosted uranium mineralisation. Historically overlooked in past exploration campaigns, the area has seen renewed interest following recent basement-style uranium discoveries elsewhere in the district.

Project Highlights:
  • Drilling Results & Exploration Potential
    • Uranium intersected in 6 of 16 holes including 0.27 percent U₃O₈ over 0.5 m at Aero Lake and 263 ppm U₃O₈ over 9 m at Preston Creek
    • Pathfinder elements (notably lead isotope anomalies) were identified in 10 of 16 holes
  • Structural & Geological Highlights
    • Large-scale structural corridors identified—capable of transporting and hosting high-grade uranium
    • Extensive hydrothermal alteration confirms a robust, active fluid system
    • Uranium assays validate the mineralised system
  • Targeting & Exploration Potential: Multiple near-surface drill targets defined using geological data from 2023–2024 drilling and integrated airborne and ground geophysical datasets.
  • High-resolution airborne gravity surveys have successfully mapped basement-hosted alteration systems, identified intense gravity lows aligned with structural corridors and enhanced targeting confidence on the outer edge of the Athabasca Basin.

In 2025, Basin Energy addedtwo new claims to the Geikie uranium project, consisting of 22.3 sq km, bringing the total project area to 373.1 sq km. Mineral claims MC00022218 and MC00022219 are contiguous to the Preston Creek prospect, where 2024 drilling outlined a large-scale hydrothermal system within a complex structural corridor with uranium anomalism.

Scandinavia – Sweden and Finland

Basin has secured 100 percent ownership of multiple reservations and licences across Sweden and Finland, prospective for uranium and critical green energy metals. This portfolio targets shear-hosted and intrusive-related mineralisation and consists of five exploration licenses within Sweden and five reservations in Finland. In 2025, Basin Energy announced theapproval for the Trollberget project application located in Northern Sweden, between the Björkberget and Rävaberget projects within the Arvidsjaur-Arjeplog uranium district. The project added 116 sq km of exploration land, increasing Basin Energy’s total holding to 219 sq km within this highly prospective uranium and green energy metals district.

Exploration Updates: Virka & Björkberget

  • Structural Relogging Completed
    • Detailed relogging of 48 historical drillholes completed across the Virka and Björkberget projects.
    • Björkberget: Structural data now available for 28 priority holes; 137 samples submitted for multi-element analysis, with an additional 71 samples prepared for shipment.
    • Virka: All historical core relogged; samples are awaiting shipment for lab preparation.
    • Key mineralising structural trends identified in core, with associated alteration and mineral assemblages (pending results) to inform future drill targeting.
  • High-Grade Surface Results Confirmed
    Pulp re-analysis by fusion XRF of two surface samples initially above detection limits (>2.95 percent U₃O₈) confirmed exceptionally high uranium grades:
    • BJK004: >5.9 percent U₃O₈ from a granite boulder with visible yellow oxide staining at the base of an outcrop
    • BJK008: 5.4 percent U₃O₈ from a rhyolitic/fine-grained granite boulder with visible mineralisation and yellow oxide staining

These results reinforce the high-grade uranium potential of Basin’s Scandinavian portfolio and will directly guide the next phase of drill targeting.

Management Team

Blake Steele – Non-executive Chairman

Blake Steele is an experienced metals and mining industry executive and director with extensive knowledge across public companies and capital markets. He was formerly president and chief executive officer of Azarga Uranium (Azarga), a US-focused integrated uranium exploration and development company. He led Azarga into an advanced stage multi- asset business, which was ultimately acquired by enCore Energy (TSXV:EU) for C$200 million in February 2022.

Pete Moorhouse – Managing Director

Pete Moorhouse has 18 years of mining and exploration geology experience with extensive experience in the junior uranium sector, having spent over 10 years with ASX-listed uranium explorer and developer Alligator Energy (ASX:AGE). He holds significant competencies in evaluating, exploring, resource drilling and feasibility studies across many global uranium and resource projects.

Cory Belyk – Non-executive Director

Cory Belyk holds 30 years’ experience in exploration and mining operations, project evaluation, business development and extensive global uranium experience most recently employed by Cameco in the Athabasca Basin. He was a member of the exploration management team that discovered Fox Lake & West McArthur uranium deposits. Currently CEO/VP of Canadian Athabasca uranium explorer and project generator, CanAlaska (TSXV:CVV).

Matthew O’Kane – Non-Executive Director

Matgthew O’Kane is an experienced executive and company director with over 25 years’ experience in the mining and mineral exploration, commodities, and automotive sectors. He has held senior leadership roles in Australia, Asia and North America, in both developed and emerging markets, from start-up companies through to multinational corporations. He has served on the Board of mining and mineral exploration companies in Canada, Hong Kong and Australia. He was a member of the Board of Azarga Uranium from 2013 until its sale to Encore Energy in February of 2022. He is currently a director of two ASX listed exploration and development companies.

Ben Donovan – Company Secretary

Ben Donovan has over 22 years of experience in the provision of corporate advisory and company secretary services. He holds extensive experience in ASX listing rules compliance and corporate governance and has served as a Senior Adviser to the ASX for nearly 3 years Currently CoSec to several ASX listed resource companies including M3 Mining (ASX:M3M), Magnetic Resources (ASX:MAU) and Legacy Iron Ore (ASX:LCY).

Odile Maufrais – Exploration Manager

Odile Maufrais is an exploration geologist with over 14 years of experience and has an extensive understanding of the uranium exploration and mining industry, having worked at ORANO, one of the largest global uranium producers, for 12 years on various assignments in Canada, Niger, and France. Maufrais has significant Athabasca Basin-specific experience, being involved in over 15 greenfield and brownfield uranium exploration projects located throughout the Basin. Her most recent roles for ORANO comprised leading various uranium exploration campaigns and being an active member of the ORANO research and development team, which involved working on trialing and implementing cost-effective and streamlined drilling techniques within the Athabasca Basin. She also played a key role in the update of the National Instrument 43-101 compliant mineral resource estimate for the Midwest Main and Midwest A deposits. Maufrais holds a Master of Science from Montpellier II University, France.

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