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Basin Uranium Provides Chord Permitting Update

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Basin Uranium Corp. (CSE: NCLR) has provided an update on permitting for its flagship Chord uranium project in South Dakota. The company has completed six surveys including wildlife/raptor, vegetation, and cultural resource surveys on both State Section 36 and adjacent USFS lands. Next steps include hosting an onsite meeting for interested Tribes and Tribal members to finalize cultural resource surveys before submittal to the State Historic Preservation Office (SHPO).

The permitting process is expected to culminate in a public consultation period, a hearing by the South Dakota Board of Minerals, and the paying of an assurance bond, with these steps anticipated to be completed between Q4/2024 to Q1/2025. Basin Uranium is working collaboratively with various agencies to achieve the most expedient timeline possible for its Chord project.

Basin Uranium Corp. (CSE: NCLR) ha fornito un aggiornamento sul processo di autorizzazione per il suo progetto principale di uranio Chord nel South Dakota. L'azienda ha completato sei indagini, tra cui indagini sulla fauna selvatica/rapaci, sulla vegetazione e sulle risorse culturali, sia nella Sezione Statale 36 che nelle terre vicine dell'USFS. I prossimi passi includono l'organizzazione di un incontro in loco per Tribù e membri Tribali interessati, per finalizzare le indagini sulle risorse culturali prima della loro presentazione all'Ufficio per la Conservazione dei Beni Storici dello Stato (SHPO).

Si prevede che il processo di autorizzazione culmini in un periodo di consultazione pubblica, un'udienza da parte della Commissione Mineraria del South Dakota e il pagamento di un'obbligazione di garanzia, con questi passaggi che si prevede siano completati tra Q4/2024 e Q1/2025. Basin Uranium sta collaborando con varie agenzie per raggiungere la tempistica più rapida possibile per il suo progetto Chord.

Basin Uranium Corp. (CSE: NCLR) ha proporcionado una actualización sobre el proceso de permisos para su proyecto insignia de uranio Chord en Dakota del Sur. La compañía ha completado seis encuestas, incluyendo encuestas de vida silvestre/rapaces, vegetación y recursos culturales tanto en la Sección Estatal 36 como en tierras adyacentes de la USFS. Los próximos pasos incluyen la realización de una reunión en el lugar para las Tribus y miembros Tribales interesados, para finalizar las encuestas de recursos culturales antes de enviarlas a la Oficina de Preservación Histórica del Estado (SHPO).

Se espera que el proceso de permisos culmine en un período de consulta pública, una audiencia por parte de la Junta de Minerales de Dakota del Sur y el pago de una fianza de garantía, con estos pasos anticipados para ser completados entre Q4/2024 y Q1/2025. Basin Uranium está trabajando en colaboración con diversas agencias para lograr la línea de tiempo más rápida posible para su proyecto Chord.

Basin Uranium Corp. (CSE: NCLR)가 사우스다코타에 있는 주력 우라늄 프로젝트인 Chord의 허가 진행 상황에 대한 업데이트를 제공했습니다. 회사는 여섯 가지 조사를 완료했습니다, 여기에는 주 보존 36구역과 인근의 USFS 토지에서 수행된 야생동물/맹금류 조사, 식생 조사, 문화 자원 조사가 포함됩니다. 다음 단계는 관심 있는 부족 및 부족 구성원들을 위한 현장 회의를 개최하여 주 역사 보존 사무소(SHPO)에 제출하기 전 문화 자원 조사를 마무리 짓는 것입니다.

허가 과정은 공공 상담 기간, 사우스다코타 광물 위원회의 청문회, 보증금 지급으로 이어질 것으로 예상되며, 이러한 단계는 2024년 4분기에서 2025년 1분기 사이에 완료될 것으로 예상됩니다. Basin Uranium은 Chord 프로젝트에 대해 가능한 한 신속한 일정을 달성하기 위해 다양한 기관과 협력하고 있습니다.

Basin Uranium Corp. (CSE: NCLR) a fourni une mise à jour sur le processus de permis pour son projet phare d'uranium Chord dans le Dakota du Sud. La société a complété six études, y compris des études sur la faune/la rapacité, la végétation et les ressources culturelles, tant dans la section d'État 36 que sur les terres adjacentes de l'USFS. Les prochaines étapes incluent l'organisation d'une réunion sur site pour les Tribus et les membres tribaux intéressés afin de finaliser les études de ressources culturelles avant leur soumission au Bureau de la préservation historique de l'État (SHPO).

Le processus de permis devrait culminer avec une période de consultation publique, une audience par le Conseil des minéraux du Dakota du Sud, et le paiement d'une caution, ces étapes étant anticipées pour être complétées entre Q4/2024 et Q1/2025. Basin Uranium travaille en collaboration avec diverses agences pour atteindre le calendrier le plus rapide possible pour son projet Chord.

Basin Uranium Corp. (CSE: NCLR) hat ein Update zum Genehmigungsverfahren für sein Flaggschiff-Uranprojekt Chord im Bundesstaat South Dakota gegeben. Das Unternehmen hat sechs Erhebungen abgeschlossen, darunter Wildtier-/Greifvogel-, Vegetations- und kulturelle Ressourcenuntersuchungen sowohl im staatlichen Abschnitt 36 als auch auf angrenzenden USFS-Ländern. Die nächsten Schritte umfassen die Durchführung eines Vor-Ort-Meetings für interessierte Stämme und Stammesmitglieder, um die Untersuchungen zu kulturellen Ressourcen vor der Einreichung beim State Historic Preservation Office (SHPO) abzuschließen.

Der Genehmigungsprozess soll in eine öffentliche Konsultationsphase, eine Anhörung durch das Board of Minerals von South Dakota und die Zahlung einer Sicherheitsleistung münden, wobei diese Schritte voraussichtlich zwischen Q4/2024 und Q1/2025 abgeschlossen werden. Basin Uranium arbeitet mit verschiedenen Behörden zusammen, um den schnellstmöglichen Zeitrahmen für sein Chord-Projekt zu erreichen.

Positive
  • Completed six important surveys on time and on budget
  • Advancing permitting plans in South Dakota
  • Collaborative approach with administrative and government agencies
Negative
  • Permitting process expected to extend into Q1/2025
  • Multiple steps still required before final approval

Vancouver, British Columbia--(Newsfile Corp. - September 16, 2024) - BASIN URANIUM CORP. (CSE: NCLR) (CNSX: NCLR.CN) ("Basin Uranium", "Basin" or the "Company") is pleased to provide an update on permitting for the Company's flagship Chord uranium project in South Dakota. The Company has completed its summer field work and associated reporting. In all, six (6) surveys were completed including: wildlife/raptor, vegetation and cultural resource surveys on both State Section 36 and the adjacent USFS lands that are located within our future proposed exploration and development area.

"Completing six important surveys over the past couple months on time and on budget allowed us to significantly advance our permitting plans in South Dakota. We remain committed to environmentally safe and conscious exploration that meets or exceeds the standards currently used across the industry," commented Mike Blady, CEO of Basin Uranium. "We are looking forward to continuing to advance our Chord permitting in a professional and timely manner."

Next steps for the state section include hosting an onsite meeting for interested Tribes and Tribal members (within the next two weeks) to discuss and finalize the cultural resource surveys before submittal to the State Historic Preservation Office (SHPO). The SHPO review of the report and subsequent signoff is expected by the end of October. Upon receiving final signoff from SHPO, the Department of Agriculture and Natural Resources (DANR) will have 30 days to determine the completeness of our report and conduct a site visit. With the permitting process culminating in a public consultation period, a hearing by the South Dakota Board of Minerals, and the paying of an assurance bond. These steps are expected to be completed between Q4/2024 to Q1/2025. The Company continues to work collaboratively with the various administrative and government agencies to achieve the most expedient timeline possible.

About Basin Uranium Corp.

Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The company has five advanced-stage uranium projects located in the United States, namely the Chord and Wolf Canyon projects in South Dakota, the South Pass and Great Divide Basin projects in Wyoming, and the Wray Mesa project in Utah. All five projects have seen extensive historical exploration and located in prospective development areas. The Company also has the Mann Lake uranium project, located in the world-class Athabasca basin of Northern Saskatchewan, Canada, in addition to the CHG gold project in south-central British Columbia.

For further information, please contact Mr. Mike Blady or view the Company's filings at www.sedarplus.ca.

On Behalf of the Board of Directors
Mike Blady
Chief Executive Officer
info@basinuranium.ca
604-722-9842

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.

FORWARD-LOOKING STATEMENTS:

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary include, without limitation, uncertainties affecting the expected use of proceeds. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223142

FAQ

What surveys has Basin Uranium completed for the Chord project in South Dakota?

Basin Uranium has completed six surveys for the Chord project, including wildlife/raptor, vegetation, and cultural resource surveys on both State Section 36 and adjacent USFS lands.

When is Basin Uranium (BURCF) expected to complete the permitting process for the Chord project?

The company anticipates completing the permitting process, including public consultation and hearing by the South Dakota Board of Minerals, between Q4/2024 to Q1/2025.

What are the next steps in Basin Uranium's permitting process for the Chord project?

The next steps include hosting an onsite meeting for Tribes and Tribal members, finalizing cultural resource surveys, submitting to the State Historic Preservation Office (SHPO), and awaiting review from the Department of Agriculture and Natural Resources (DANR).

How is Basin Uranium (BURCF) approaching environmental concerns in its Chord project?

Basin Uranium is committed to environmentally safe and conscious exploration that meets or exceeds industry standards, as evidenced by their completion of wildlife, vegetation, and cultural resource surveys.

BASIN URANIUM CORP

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