Business
Green Canada Corporation Announces Proposed Going Public Transaction and Concurrent Acquisition of Marshall Uranium Project from Basin Energy Limited
Toronto, Ontario--(Newsfile Corp. - November 24, 2025) - Green Canada Corporation ("GCC" or the "Company"), a 54.3% owned subsidiary of PTX Metals Inc. (TSXV: PTX) ("PTX") and a uranium exploration company with a portfolio of projects located in the Athabasca Basin, Saskatchewan, the Thelon Basin, Nunavut, and the Otish Basin in Quebec, is pleased to announce that it has entered into a binding letter of intent (the "RTO LOI") dated November 13, 2025 with MAACKK Capital Corp. ("MAACKK") pursuant.
About this update from Basin Energy Limited
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - November 24, 2025) - Green Canada Corporation ("GCC" or the "Company"), a 54.3% owned subsidiary of PTX Metals Inc. (TSXV: PTX) ("PTX") and a uranium exploration company with a portfolio of projects located in the Athabasca Basin, Saskatchewan, the Thelon Basin, Nunavut, and the Otish Basin in Quebec, is pleased to announce that it has entered into a binding letter of intent (the "RTO LOI") dated November 13, 2025 with MAACKK Capital Corp. ("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 (the "Exchange").","length":1048,"tagName":"p"},{"type":"text","content":"In connection with the Proposed RTO, GCC has also entered into a binding letter of intent (the "Mineral Rights LOI") dated as of November 13, 2025 with Basin Energy Limited (ASX: BSN) ("BSN") and BSN's wholly owned subsidiary Basin Energy Marshall Corp. ("BSN Sub") in respect of GCC's proposed acquisition of BSN Sub's 100% interest in the mineral claims known as the "Marshall Project" located in Saskatchewan, Canada (the "Proposed Mineral Rights Acquisition").","length":526,"tagName":"p"},{"type":"text","content":"In connection with the Mineral Rights LOI, GCC, BSN, BSN Sub and CanAlaska Uranium Ltd. (TSXV: CVV) ("CVV") entered into a binding term sheet agreement (the "Operator and Exclusivity Right Term Sheet Agreement") in connection with (A) the appointment of CVV as the operator of the Marshall Project (the "Operator") to carry out the Initial Work Program (as defined below) and (B) the granting by CVV and BSN to GCC of 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 CVV and BSN (the "NMX Exclusive R...