BUZZ-Australia's Basin Energy to acquire critical miner NeoDys; stock surges

Reuters

2025/08/27

BUZZ-Australia's <a href="https://laohu8.com/S/BSN.AU">Basin Energy</a> to acquire critical miner NeoDys; stock surges

** Basin Energy BSN.AX surges as much as 220% to A$0.08, highest since June 4, 2024

** Stock set for strongest session ever

** Metals explorer to acquire NeoDys Limited, privately-held critical minerals explorer based in Western Australia

** Receives firm commitment to raise A$1.25 mln ($812,250) via two-tranche placement

** Issue price of A$0.025 same as last close

** Says funds will be used for air core drilling on Barkly Tablelands uranium, rare earth element targets, others

** About 26.6 mln shares traded in stock's busiest day ever, ~91x the 30-day average

** BSN last up 156%, taking YTD gains to 276.5%

($1 = A$1.5389)

(Reporting by Ananya Verma in Bengaluru)

((ananya.verma@thomsonreuters.com;))

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stock surges</title></head><body><p>** Basin Energy <span>BSN.AX</span> surges as much as 220% to A$0.08, highest since June 4, 2024</p><p>** Stock set for strongest session ever</p><p>** Metals explorer to <span>acquire</span> NeoDys Limited, privately-held critical minerals explorer based in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a></p><p>** Receives firm commitment to raise A$1.25 mln ($812,250) via two-tranche placement </p><p>** Issue price of A$0.025 same as last close</p><p>** Says funds will be used for air core drilling on Barkly Tablelands uranium, rare earth element targets, others</p><p>** About 26.6 mln shares traded in stock's busiest day ever, ~91x the 30-day average</p><p>** BSN last up 156%, taking YTD gains to 276.5% </p><p>($1 = A$1.5389)</p><p> (Reporting by Ananya Verma in Bengaluru)</p><p> ((ananya.verma@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BSN.AU","symbol_name":"BASIN ENERGY LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250827:nL4N3UJ05L:1","article_id":"2562179385","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2562179385","pubTimestamp":1756264669,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Basin Energy to acquire critical miner NeoDys; 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