Energy Fuels Completes Acquisition of Base Resources for $178M
UUUUs acquisition of Base Resources is likely to establish it as a significant producer of titanium and zirconium minerals in the future.
Base Resources Limited (ASX & AIM: BSE) is a mineral sands producer, focused on the Kwale Mineral Sands Operations in Kenya, East Africa. In late 2013 the Company commenced production of ilmenite, rutile and zircon, with first export sales in early 2014. Kwale is located 10 kilometres inland from the Kenyan coast and 50 kilometres south of Mombasa, the principal port facility for East Africa. The project was acquired by Base in 2010. Following the completion of feasibility study enhancements and financing, development of Kwale commenced in October 2011. The Project is based on a mine life of 13 years, and features a high grade ore body with a high value mineral assemblage. Kwale is a robust project, ramping up to an annual production of 80,000 tonnes of rutile, 360,000 tonnes of ilmenite and 30,000 tonnes of zircon, making Base a globally significant producer of mineral sands products. The success of the Kwale Project provides a model and platform to launch Base on the next stage of
UUUUs acquisition of Base Resources is likely to establish it as a significant producer of titanium and zirconium minerals in the future.
OverviewEnergy Fuels (TSX:EFR,NYSE:UUUU) has been the largest producer of uranium in the United States and an emerging producer of rare earth elements (REEs). The company...
US-based uranium and critical minerals producer Energy Fuels is offering 0.026 of a share and an unfranked dividend of A$0.065 for each Base Resources (LON: BSE) share. That...
Energy Fuels stock price target cut on Base Resources deal