Base Resources Limited - Shareholders vote in favour of the Scheme

AIM and Media Release 5 September 2024 Base Resources Limited Shareholders vote in favour of the Scheme Base Resources Limited (Base Resources) advises that the resolution to approve the scheme of arrangement to effect a combination with Energy Fuels Inc. (Scheme), as set out in the Notice of Scheme Meeting in Annexure 6 of the Scheme Booklet dated 2 August 2024 (Scheme Resolution), was passed by the requisite majorities of Base Resources shareholders at the Scheme Meeting held earlier today. In summary: · 99.88% of the votes cast by Base Resources shareholders were in favour of the Scheme Resolution; and · 93.18% of Base Resources shareholders present and voting (in person or by proxy) were in favour of the Scheme Resolution. Details of the valid proxies received and votes cast are set out in the attachment to this announcement. Immediate next steps Base Resources will apply to the Federal Court of Australia (Court) for approval of the Scheme at a hearing scheduled for 12.15pm (Perth time) on 12September 2024 (Second Court Hearing). If the Court approves the Scheme at the Second Court Hearing, a copy of the Court orders will be lodged with the Australian Securities & Investments Commission, following which the Scheme will become effective. Timetable The remaining key dates for the Scheme are set out below. +--------------+------------------------------------+ |Event |Date | +--------------+------------------------------------+ |Second Court |12 September 2024 | |Hearing |12.15pm Perth time | +--------------+------------------------------------+ |Effective Date|13 September 2024 | | | | |Court order | | |lodged with | | |ASIC and | | |announcement | | |to ASX and AIM| | | | | |Last day of | | |trading in | | |Base Resources| | |shares on ASX,| | |with trading | | |of Base | | |Resources | | |shares on ASX | | |suspended from| | |close of | | |trading on ASX| | |and trading of| | |Base Resources| | |depositary | | |interests to | | |be suspended | | |from | | |commencement | | |of trading on | | |AIM | | | | | |Final date for| | |movements | | |between the | | |Base Resources| | |share register| | |and Base | | |Resources | | |depositary | | |interest | | |register | | +--------------+------------------------------------+ |Special |For shareholders:  18 September | |Dividend |2024, 5.00pm Perth time | |Record Date | | | |For depositary interest holders: 18 | | |September 2024, 6.00 pm London time | +--------------+------------------------------------+ |Latest time |18 September 2024 | |and date for |5.00pm Perth time | |receipt of | | |Election Forms| | |from Small | | |Shareholders | | |for the Sale | | |Facility | | +--------------+------------------------------------+ |Latest time |18 September 2024, 1.00 pm London | |and date for |time | |receipt of | | |elections via | | |CREST for | | |Small | | |Shareholders | | |that are Base | | |Resources | | |Depositary | | |Interest | | |Holders | | +--------------+------------------------------------+ |Scheme Record |For shareholders:  20 September | |Date |2024, | | |5.00pm Perth time | | | | | |For depositary interest holdings:  | | |20 September 2024, 6.00 pm London | | |time | +--------------+------------------------------------+ |Special |1 October 2024 | |Dividend | | |Payment Date | | +--------------+------------------------------------+ |Implementation|2 October 2024 | |Date | | +--------------+------------------------------------+ |ASX and AIM |3 October 2024 | |cancellation /| | |delisting | | +--------------+------------------------------------+ Timetable is indicative only and may be subject to change.  Any changes will be announced by Base Resources to ASX and AIM. Scheme information line If Base Resources shareholders or depositary interest holders have any questions in relation to the Scheme, please contact the Base Resources Scheme information line on 1300 271 804 (within Australia) and +61 3 9938 4380 (outside Australia) between 8.30am and 5.00pm (Melbourne time), Monday to Friday, excluding public holidays. For further information contact: +--------------------------------+-----------------------------+ |Australian Media Relations |UK Media Relations | +--------------------------------+-----------------------------+ |Sodali & Co |Tavistock Communications | +--------------------------------+-----------------------------+ |Cameron Gilenko and Michael Weir|Jos Simson and Gareth Tredway| +--------------------------------+-----------------------------+ |Tel: +61 8 6160 4900 |Tel: +44 207 920 3150 | +--------------------------------+-----------------------------+ About Base Resources Base Resources is an Australian based, African focused, mineral sands producer and developer with a track record of project delivery and operational performance.  The Company operates the established Kwale Operations in Kenya and is developing the Toliara Project in Madagascar.  Base Resources is an ASX and AIM listed company.  Further details about Base Resources are available at www.baseresources.com.au. PRINCIPAL & REGISTERED OFFICE Level 3, 46 Colin Street West Perth, Western Australia, 6005 Email:  info@baseresources.com.au Phone: +61 8 9413 7400 Fax: +61 8 9322 8912 NOMINATED ADVISER & JOINT BROKER Canaccord Genuity Limited James Asensio / Raj Khatri / George Grainger Phone: +44 20 7523 8000 JOINT BROKER Berenberg Matthew Armitt / Detlir Elezi Phone: +44 20 3207 7800 This information was brought to you by Cision http://news.cision.com The following files are available for download: https://mb.cision.com/Public/22548/4033654/a4f2abc4233df6b1.pdf Base Resources - Results of Scheme Meeting 5 September 2024

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