Advisor to NeoDys on 100% Sale to Basin Energy

Harvis acted as Corporate Adviser to NeoDys Ltd (“NeoDys”) on its 100% sale to Basin Energy Limited (ASX:BSN) (“Basin Energy”) and participated in the A$1.25 million placement alongside NeoDys’ major shareholders and Basin Energy’s existing resource-focused institutional investors.

Harvis led the structuring and execution of the transaction on behalf of NeoDys, a privately held rare earths and uranium exploration company holding a 100% interest in a 5,958km² district-scale tenement package located in the Mount Isa region of Queensland.

NeoDys’ land holding is proximal to Paladin Energy’s (ASX:PDN) Valhalla uranium deposit and Red Metal’s (ASX:RDM) Sybella rare earth discovery and includes three distinct, drill-ready low-cost exploration targets and additional Valhalla-style uranium targets with multiple untested radiometric anomalies.

The acquisition represented a positive outcome for NeoDys shareholders and was well supported by the equity capital markets. NeoDys shareholders retain a leveraged exposure to the ongoing exploration success across the project and advances in low-cost REE processing and extraction techniques being established by adjacent tenement holder, Red Metal.

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