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Australia's Base Resources rise twofold on takeover offer from based Energy Fuels

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** Shares of Base Resources BSE.AX turbo-charge nearly twofold to A$0.220, set for their best day since Nov 14, 2008, if current trend holds

** Stock emerges as top gainer in ASX All Ordinaries Index .AORD

** The mineral sand producer says Energy Fuels UUUU.A, a U.S.-based uranium minerals producer has agreed to acquire the co, forming a combined entity of about $1.14 billion

** Says total equity deal consideration is for A$375 mln ($241.20 mln); A$0.302 per share represents a 188% premium to BSE's last close on April 19

** Co adds the board unanimously recommends shareholders to vote in favour of scheme

** Shares hit highest since Sept 7, 2023

** Stock has fallen 32.26% this year, as of last close

($1 = 1.5547 Australian dollars)

Reporting by Archishma Iyer


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