Geiger Energy Unveils Multi-Year Uranium Drilling Campaign Following Strategic Merger and Loki Discovery

Geiger Energy, a newly formed entity resulting from the strategic merger of Baselode Energy and Forum Energy Metals, has announced a comprehensive multi-year drilling campaign aimed at high-potential uranium discoveries across Canada's Thelon and Athabasca Basins. The company, which solidified its formation earlier in 2025, also introduced Rebecca Hunter, a seasoned exploration geologist with 11 years of experience at Cameco Corporation, as its new President and CEO. This significant development was highlighted by Geiger Capital in a recent tweet.

The merger was driven by a vision to achieve operational scale and financial efficiency in the uranium exploration sector. Hunter emphasized the strategic rationale, stating, "bigger is better. We had two companies struggling a bit on their own. Forum had a big vision for Thelon. Baselode had a vision to look for the shallow high impact deposits in the Athabasca basin." Her appointment brings critical institutional knowledge to the company’s flagship Aberdeen project.

Geiger Energy emerges from the consolidation with a robust financial foundation, anticipating approximately $6 million in working capital after the merger process and summer exploration program. This capital is earmarked to support the company's dual-basin exploration strategy, enabling continuous operations throughout the year across its key projects.

The flagship Aberdeen project in Nunavut's Thelon Basin is central to Geiger Energy's value creation strategy, located adjacent to Orano's 133 million-pound uranium deposit. A significant milestone, the recent Loki discovery, marks the first evidence of unconformity-style mineralization in the Thelon Basin. Hunter noted, "What's exciting about the Loki deposit is that it has sandstone. Last year we drilled it, it had just a little bit of elevated uranium in the sandstone. This year we drilled it and found even more elevated uranium in the sandstone and mineralization at the unconformity."

Complementing the Aberdeen operations, the Hook-ACKIO project in Saskatchewan ensures year-round drilling capability during Nunavut's winter months. This project focuses on shallow basement-hosted pods and clay alteration zones within an Athabasca Basin analog environment. Geiger Energy's operational strategy effectively leverages these complementary seasonal windows to maximize capital efficiency and maintain exploration momentum.

The company is strategically positioned within the uranium sector, capitalizing on its district-scale land position and the expertise of its leadership. Hunter underscored the importance of project selection, stating, "You want to pick one or two really good projects that have that capability. For us, the Aberdeen project is that." This focused approach aims to deliver high-tonnage, high-grade discoveries, aligning with the renewed global interest in nuclear energy and the potential for sector revaluation.