InvestingCongress
  • Investing
  • Business
  • Stock
  • Politics
Investing

Exploration Agreement with English River First Nation Signed and Changes to Board of Directors

by August 24, 2024
August 24, 2024

Basin Energy Limited (ASX:BSN) (‘Basin’ or the ‘Company’) is pleased to announce the signing of an Exploration Agreement (the “Agreement”) that formalises the Company’s relationship with the English River First Nation (‘ERFN’) in respect to Basin’s exploration and evaluation activities at its Marshall uranium project (the “Project”).

Key Highlights

Exploration Agreement with English River First Nation formalises meaningful communication and engagement between the parties facilitating mutually beneficial, sustainable and safe exploration activities.Agreement relates to activities at the Marshall uranium project located in the southeast Athabasca Basin.English River First Nation confirm consent for the Company’s future exploration activities subject to compliance with the agreement.Basin reduces board size following resignations.

The Agreement addresses the process for consultation, environmental management and information sharing between Basin and the ERFN communities relating to the Company’s exploration and evaluation activities at the Project. It also provides a framework for the ERFN communities and the Company to ensure the meaningful participation of the ERFN communities in the Project by providing economic, employment and training opportunities and benefits to support community development initiatives. The Agreement confirms the ERFN’s consent and support for the Company’s exploration activities, subject to Basin meeting its obligations under the Agreement. The Company continues to engage with other rights holders affected by Basin’s exploration activities.

Cheyenna Hunt, Director, Lands & Consultation of ERFN, commented:

“English River First Nation is dedicated to build strong partnerships with the exploration industry to ensure the respect of the land while maintaining sustainable operations within our Ancestral Territory. Signing this agreement with Basin Energy is a step forward in the protection of our land and traditions, and fundamentally assuring that our inherent Aboriginal and Treaty Rights are respected. We look forward working collaboratively with Basin Energy and for the meaningful opportunities to come for our Nations’s people.”

Basin’s Managing Director, Pete Moorhouse, commented:

“Basin is extremely pleased to have established a framework for on-going consultation, cooperation and economic participation with the English River First Nation. We are committed to sustainable and environmentally responsible operations, and we value building mutually beneficial and transparent relationships with all rights holders impacted by our operations. Through this Agreement, we look forward to building upon the relationships we have established with the communities and local businesses.”

Corporate Update

Basin wishes to advise that non-executive directors Peter Bird and Ben Donovan have advised their intention to resign with effect close of business on Friday 23rd August, as the Company looks to streamline its operations. Ben Donovan will remain in his role as Company Secretary.

Basin’s Chairperson, Blake Steele, commented:

“On behalf of Basin, I would like to thank both Peter and Ben for their valuable contributions to the Company during their tenure as directors. Peter was instrumental in negotiating the acquisition of Basin’s current exploration assets and Ben played a crucial role in the IPO process.”

Click here for the full ASX Release

This post appeared first on investingnews.com
previous post
Top 5 Canadian Mining Stocks This Week: GFG Resources Pops With 73 Percent Gain
next post
Golden Mile Resources

You may also like

NorthStar Gaming Announces Receipt of Management Cease Trade...

May 9, 2025

$2.6M Placement and SPP to fast-track China entry...

May 9, 2025

Drill Contract Awarded for Elizabeth Hill. Technical Visit...

May 9, 2025

Brunswick Exploration Announces Brokered Private Placement for Gross...

May 9, 2025

RETRANSMISSION: Group Eleven to be Featured on Radius...

May 8, 2025

Bitcoin Well Expands Rewards Program To Include The...

May 8, 2025

Bold Ventures to Present at Metals Investor Forum...

May 8, 2025

Los Andes Copper at 121 Mining Investment London

May 8, 2025

Group Eleven Intersects 12.0m of 2.30% Cu and...

May 8, 2025

SAGA Metals Extends Claims at the Radar Ti-V-Fe...

May 8, 2025
Join The Exclusive Subscription Today And Get Premium Articles For Free

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent Posts

    • NorthStar Gaming Announces Receipt of Management Cease Trade Order

      May 9, 2025
    • $2.6M Placement and SPP to fast-track China entry and sales

      May 9, 2025
    • Drill Contract Awarded for Elizabeth Hill. Technical Visit Completed to Define Drill Targets

      May 9, 2025
    • Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

      May 9, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 9, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investingcongress.com | All Rights Reserved

    InvestingCongress
    • Investing
    • Business
    • Stock
    • Politics