Perth, Australia (ABN Newswire) – Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) announced that it has entered into a binding letter of intent (‘LOI’) with Green Canada Corporation Inc (‘GCC’), a 54% owned subsidiary of PTX Metals Inc. (CVE:PTX) to sell the Marshall Uranium Project (‘Marshall’), located in Saskatchewan, Canada.

Key Highlights

– Basin to sell 100% of Marshall Uranium Project to Green Canada Corporation Inc (‘GCC’).

– GCC progressing toward public listing on Canadian Stock Exchange, in conjunction with a reverse takeover of Maackk Capital Corp.

– Basin will receive consideration of up to:

o C$600,000 payable in cash in four equal annual instalments;
o C$300,000 payable in shares over three equal annual instalments; and
o 9.99% of the total issued capital of the newly listed entity.

– GCC to conduct minimum of C$1.5 million of exploration expenditures over 24 months.

– Basin to retain a 25% project level buyback option and three-year Right of first refusal (ROFR) on any future sale.

– Transaction retains exploration upside to Basin shareholders at Marshall and broadens Basin’s leverage to quality uranium assets within the GCC portfolio specifically targeting Canadian unconformity mineralisation in the Baker and Amer Basins in Nunavut and the Otish Basin in Quebec.

– Transaction sharpens Basin’s strategic focus on shallow discovery opportunities.

– Basin and CanAlaska Uranium Ltd (CVE:CVV) (‘CanAlaska’) have also granted GCC a 9- month exclusivity for the North Millennium Project.

The transaction is proposed to occur in parallel to a proposed Reverse Takeover (‘RTO’) by GCC of Maackk Capital Corp (‘MAACKK’) and concurrent minimum C$2.5 million financing and admission to the Canadian Securities Exchange (‘CSE’) or such other stock exchange as may be mutually agreed upon by the parties.

In addition to the Marshall agreement, Basin and CanAlaska have agreed to grant GCC a 9-month exclusivity right to conduct due diligence and, if satisfactory, negotiate the terms of an earn-in option to acquire up to a 51% interest in the North Millennium joint venture project of CanAlaska and BSN.

Managing Director, Pete Moorhouse commented:

‘We are pleased to enter into an agreement and partnership with Green Canada Corporation to advance the Marshall project. The GCC team are well positioned to add value for Basin Shareholders both through the drill testing of the compelling targets at Marshall, and with the broader exposure to the GCC asset base.

We look forward to seeing these assets advance, whilst Basin retains focus on high-grade shallow opportunities’

Terms of the Deal

In consideration, GCC has agreed to the following payments to Basin:

– C$600,000 payable in cash in four equal annual instalments, with the first payment due on closing of the transaction;

– C$300,000 payable in shares, issuable in three equal annual instalments based on the 5-day Volume-Weighted Average Price on the business day immediately preceding the date of issuance; and

– 9.99% of the total issued and outstanding resulting issuer shares on a non-diluted basis after giving effect to the concurrent financing at the time of closing of the proposed RTO, subject to 12-month escrow.

Basin will receive an additional 400,000 shares in the resulting issuer upon closing of the RTO in return for granting the 9-month exclusivity right in the North Millennium joint venture.

Basin will have a right of first refusal on any sale of the Marshall Project by GCC for a period of three years following the closing date of the transaction. In addition, Basin will retain a repurchase right to acquire from GCC a 25% interest in the Marshall Project for C$1,000,000 for a period commencing on the closing date and ending on the earlier of: the date that is five years from the closing date or the date on which GCC has incurred total exploration expenditures of C$10,000,000 on the Marshall Project.

Pursuant to the terms of the LOI, GCC is required to fund exploration expenditures for an initial work program on the Marshall Project to be carried out within twenty-four months from the closing. The Initial Work Program will have a budget in an amount that is the greater of C$1,500,000, and the minimum amount required to maintain the mineral claims comprising the Marshall Project in good standing under applicable governmental regulations.

Basin will also have the right to nominate one director to the board of the resulting issuer.

GCC will retain the right to withdraw from the transaction at any time after the closing of the transaction, in which case the project will return to Basin and no further payments will be required.

The transaction is conditional on final due diligence from GCC, the completion of the RTO of MAACKK and GCC’s concurrent C$2.5 million minimum capital raise.

About Green Canada Corporation

GCC is a 54% owned subsidiary of PTX Metals Inc. (CVE:PTX) and a uranium exploration company with a portfolio of projects located in Thelon Basin, Nunavut, the Athabasca Basin, Saskatchewan and Quebec. Concurrent to the LOI to acquire Basin’s Marshall project, GCC announced that it has entered into a binding letter of intent with MAACKK pursuant to which GCC and MAACKK intend to complete a transaction that would result in a reverse take-over of MAACKK by the shareholders of GCC (the ‘Proposed RTO’). Closing of the Proposed RTO will be subject to, among other things, requisite regulatory approval for the listing of the resulting issuer of the Proposed RTO (the ‘Resulting Issuer’) on the Canadian Securities Exchange or such other stock exchange as may be mutually agreed upon by the parties, along with completion of concurrent financing and execution of the definitive agreements in respect of the acquisition of the Marshall project.

Upon completion of the Proposed RTO, the current directors and officers of MAACKK will resign and it is anticipated that the board of directors of the Resulting Issuer will be reconstituted to consist of Richard J. Mazur, Greg Ferron, Olivier Crottaz and a representative from the Basin.

About the Marshall and North Millennium Projects

The Marshall project is 100% owned by Basin, and the North Millennium Project is under joint venture agreement on a 40:60 basis with CanAlaska.

The Marshall and North Millennium projects are located less than 11 km from Cameco Corporation’s Millennium deposit (104.8Mlb at 3.8% U3O8) and around 40 km from the prolific McArthur River uranium mine, one of the world’s highest-grade uranium operations, refer to Figure 1*. Both projects are deemed prospective for unconformity style uranium exploration.

In 2024, ground electromagnetics (‘EM’) at Marshall identified three main targets which confirms the geological and exploration model. Of note is Target 1, refer to Figure 2*, where modelled EM plates below the unconformity align with a sandstone Z-Tipper Axis Electromagnetic (‘ZTEM’) anomaly, which is interpreted to be alteration within sandstone. The identification of these targets is encouraging and consistent with regional trends in the southeastern Athabasca and provides increased confidence in drill hole targeting.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/F491N9T7

About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.

Source:
Basin Energy Ltd

Contact:
Pete Moorhouse
Managing Director
pete.m@basinenergy.com.au
+61 7 3667 7449

Chloe Hayes
Investor and Media Relations
chloe@janemorganmanagement.com.au
+61 458619317

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Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) announced a significant and strategically important development in its Silumina Anodes(TM) project, following formal engagement initiated from a leading global battery manufacturer and one of the world’s largest electric-vehicle battery manufacturer (‘Battery Group’). The Battery Group approached Altech expressing strong interest in the Company’s proprietary high-performance silicon-enhanced anode technology. This unsolicited approach represents a major validation of the technical progress achieved by Altech and underscores the growing global recognition of the breakthrough potential of its alumina-coated silicon innovations.

Following initial discussions, a mutual Non-Disclosure Agreement (NDA) was executed to enable the confidential technical exchange and evaluation of materials. As part of this collaboration, Altech has prepared and supplied Silumina AnodesTM samples to the Battery Group. These samples, developed under the leadership of Altech’s Chief Technical Officer Dr Jingyuan Lui, have now been shipped to the Battery Group for formal testing in their advanced battery-evaluation laboratories in China.

The Battery Group’s team, during preliminary discussions, indicated that across the industry they have not yet seen silicon additions deliver such meaningful performance improvements at low percentages.

Traditionally, attempts to integrate silicon into commercial lithium-ion anodes have been challenged by expansion-related degradation, unstable solid-electrolyte interphase (SEI) formation and rapid cycle-life fade. The strong performance of Altech’s coated silicon, achieved with only modest silicon loading, was highlighted as particularly noteworthy. The Battery Group acknowledged that very few material suppliers globally are producing silicon additives with this level of stability, consistency, and real-world applicability.

This early feedback reinforces the technical advantage and disruptive potential of Altech’s process.

The Battery Group has also requested that Altech undertake coating trials on their supplied graphite material to assess the performance impact of integrating Altech’s proprietary alumina technology directly onto their own anode substrate. Under the NDA, the Battery Group has dispatched several kilograms of representative graphite samples to Altech’s Perth laboratory, where Dr Lui’s team will apply the Company’s coating process and prepare evaluation batches. These coated graphite samples will then be returned to the Battery Group for benchmarking against their internal standards, providing a direct comparison of how Altech’s technology enhances their preferred graphite formulations.

UPDATE OF LONG CYCLE SILUMINA TESTING

Altech announced on 9 October 2025 a major advancement in its Silumina Anodes(TM) project, achieving the strongest battery-cycling performance recorded to date for its proprietary alumina-coated spherical silicon anode material. Since that announcement, the latest test results now demonstrate an impressive 83% capacity retention after 1,000 charge-discharge cycles with a 5% Silumina Anodes(TM) addition to a standard graphite anode. This represents a significant milestone for the Silumina Anodes(TM) technology, confirming both its durability and real-world commercial potential. Importantly, such cycle-life performance places Altech’s material at the forefront of next-generation silicon-enhanced anode technologies, strengthening its position in the rapidly evolving global battery materials market.

HOW SILUMINA ANODES(TM) IS MADE

Altech’s spherisation process transforms irregular silicon particles into perfectly rounded, alumina-coated spheres that integrate seamlessly within graphite anodes. The process begins with submicron silicon powders that are uniformly coated with a nanolayer of high-purity alumina, buffering against volume expansion during lithiation. These coated particles are then spherified through a precision-controlled thermal and mechanical process that rounds their geometry (refer Figure 1*). When blended into the graphite matrix, the spherical Silumina AnodesTM particles naturally occupy microscopic voids, where they can expand and contract freely during cycling without damaging the surrounding structure (refer Figure 2*). This optimised configuration mitigates mechanical stress, maintains electrode integrity, and enhances electrical connectivity. With only a 5% addition, the design achieves >40% capacity boost while preserving exceptional cycle stability over extended use.

Altech’s Managing Director Iggy Tan stated ‘This engagement from the world’s largest battery manufacturer is a powerful validation of our Silumina Anodes(TM) technology. Their early feedback, particularly noting they have not seen silicon additions perform this effectively at such low levels, reinforces the significance of our breakthrough. We are excited to advance this collaboration under the NDA and look forward to demonstrating how Altech’s coating technology can further enhance their graphite and anode performance.’

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/444MKKI0

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

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Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announced the appointment of Ms. Stacy Newstead to its Advisory Board as Strategic Advisor – Materials Strategy.

Stacy Newstead brings U.S. defense materials expertise to advance Locksley’s critical mineral and commercialisation initiatives.

HIGHLIGHTS

– Stacy Newstead appointed as a Strategic Advisor to the Locksley Advisory Board

– Ms Newstead currently serves as Materials Strategy and Risk Manager at Lockheed Martin, overseeing U.S. supply chain risk mitigation for critical materials used in advanced defence systems

– Over two decades of experience across defence, critical minerals, and advanced materials sectors, including leadership roles at Huntington Ingalls Industries, Textron Systems, and Evolution Energy Solutions –

– Expertise spanning U.S. Department of Defence acquisition, system manufacturing and production, materials engineering, supply chain risk mitigation, critical component supply chains, and state and federal engagement for manufacturing facilities

– Appointment strengthens Locksley’s U.S. Government initiatives and supports commercialisation of American-sourced antimony and rare earth supply chains

– Locksley has submitted U.S. Govt White Paper funding request under Defence Production Act Title III DPA to advance project financing position and accelerate first mover status in re-establishing domestic Antimony industry and U.S supply chain strength

Ms. Newstead currently serves as Materials Strategy and Risk Manager at Lockheed Martin, where she leads initiatives to secure domestic and allied sources of key materials vital to U.S. defense manufacturing and national security. Her work focuses on assessing and mitigating material, pricing, and geopolitical risk across complex supply chains that underpin critical technologies including munitions, batteries, and aerospace systems.

A highly accomplished executive, Ms. Newstead brings more than 20 years of experience across U.S. Government, defense, and industrial sectors. Her prior roles include senior program leadership at Huntington Ingalls Industries and Textron Systems, as well as Chief Executive Officer of the U.S. subsidiary of Evolution Energy Minerals (ASX:EV1), where she led onshoring initiatives for graphite and advanced battery materials.

Her appointment reinforces Locksley’s position at the intersection of critical minerals, defense, and national security strategy, providing invaluable insight into U.S. policy, funding and industrial collaboration opportunities. This strengthens the Company’s ability to engage with U.S. partners and access Federal programs supporting domestic critical mineral supply chains, advancing Locksley’s mine-to-market strategy for U.S.-sourced antimony and rare earths.

Kerrie Matthews, Locksley CEO commented:

‘Stacy’s appointment represents another significant step in strengthening our U.S. advisory capability. Her deep understanding of defense material supply chains, coupled with her leadership at Lockheed Martin, brings exceptional strategic value to Locksley as we advance our mine-to-market development of American sourced antimony and rare earths.’

‘Her perspective on material security and risk will help guide our engagement with U.S. industry and government stakeholders as we scale from pilot to commercial operations.’

Ms Newstead commented:

‘The restoration of secure, transparent and domestic critical mineral supply chains is essential to both U.S. defense readiness and the broader energy transition. Locksley’s integrated mine-to-market model and U.S. operational footprint, position it as a key contributor to these national objectives. I’m honored to support the team’s strategy and growth trajectory.’

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au

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This post appeared first on investingnews.com

This post appeared first on investingnews.com