Forsys Metals Corp. is pleased to announce that it has commenced an updated drilling program at the Company's Norasa Uranium Project sites located in Namibia, Africa. The Norasa Project is wholly-owned by the Company's subsidiary Valencia Uranium Ltd. and comprises the Valencia Uranium Project and the Namibplaas Uranium Project in the Erongo region of Namibia. With the advancement of metallurgical, engineering and mining [...]
Forsys Metals Corp. is pleased to provide an update on strategic developments at the Company's Norasa Uranium Project located in Namibia, Africa. The Norasa Uranium Project is wholly-owned by the Company's subsidiary Valencia Uranium Ltd. and comprises the Valencia Uranium Project and the Namibplaas Uranium Project in the Erongo region of Namibia. A Definitive Feasibility Study was originally completed by Amec Foster [...]
Forsys Metals Corp. is pleased to announce that it has applied to the Ministry of Mines and Energy of Namibia for a 25 year mining licence to develop its Namibplaas uranium deposit as part of the Company's Norasa Uranium Project located in Namibia, Africa. The application was filed in the name of the Company's 100% owned subsidiary, Valencia Uranium Ltd. The Norasa Project comprises wholly owned uranium deposits situated [...]
Forsys Metals Corp. is pleased to provide an update on strategic developments at the Company's Norasa Uranium Project. The Company recently appointed Mr Pine van Wyk to lead the advancement of the Norasa Project and he has assembled a highly experienced local project team of geologists, process engineers and mining experts. Pine is a qualified Metallurgical Engineer with over 25 years' project experience in the African [...]
Forsys Metalsis pleased to announce that in connection with the annual meeting of the Company`s shareholders, that was held virtually on June 30, 2022, and in accordance with TSX reporting requirements, the following voting results were obtained. A total of 106,514,321 common shares representing 54.575% of the Company`s issued and outstanding common shares were voted in connection with the Meeting. Shareholders voted in [...]
Forsys Metals Corp. is pleased to announce that B2Gold Mining Investments Limited and B2Gold Namibia Limited has exercised its call option to increase its existing shareholding in Razorback Gold Mining Company Limited to 100% . Pending the completion of the exercise, Forsys currently owns a 51% interest in Razorback. Razorback holds the Ondundu Exclusive Prospecting Licence for base, rare and precious metal exploration [...]
Forsys Metals Corp. is pleased to announce the appointment of Bacchus Capital Advisers to conduct a strategic review of the Company's 100% owned Norasa Uranium Project , located in Namibia, Africa. The decision to undertake a strategic review of Norasa has been prompted by the ongoing developments in the uranium market and the structural misalignment of flat or declining supply versus growing demand. The strategic review [...]
The Board of Directors of Forsys Metals Corp. is pleased to announce the appointment of Mr. Willem Kotz as the Project Manager for the Company's Norasa Project located in Namibia. Mr. Kotz is a Professional Geoscientist with over 48 years of industry experience, mainly in Southern Africa. Mr. Kotz? initially worked for mainstream mining houses but lately as a Geosciences Consultant. He has extensive exploration as well as [...]
Forsys Metals Corp. is pleased to announce that Richard Parkhouse has been appointed as Executive Director responsible for Investor Relations with immediate effect. CEO, Mark Frewin, stated that, "Richard has significant experience and background in investor relations from his past career in investment banking and asset management and is perfectly placed to spearhead this role." With its fully permitted Valencia Mining [...]
Forsys Metals is pleased to announce that in connection with the annual meeting of the Company`s shareholders, that due to the ongoing COVID-19 pandemic was held virtually on May 20, 2021, and in accordance with TSX reporting requirements, the following voting results were obtained. A total of 99,517,667 common shares representing 59.63% of the Company`s issued and outstanding common shares were voted in connection with [...]
Forsys Metals Corp. is pleased to announce that it has today closed its previously announced bought deal private placement financing of 26,000,000 units of the Company at a price of $0.50 per Unit for aggregate proceeds to the Company of C$13,000,000 . The net proceeds of the Offering will be used for the advancement of the Company's Norasa Project in Namibia and for general corporate purposes. Each Unit consists of one [...]
Forsys Metals Corp. is pleased to announce that due to investor demand in connection with its previously announced "bought deal" private placement , the Company and Canaccord Genuity Corp. and Red Cloud Securities Inc. have agreed to increase the size of the Offering to 26,000,000 units of the Company at a price of $0.50 per Unit for aggregate gross proceeds of C$13,000,000. The Company and the Co-Lead Underwriters have [...]
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