Forsys Metals is pleased to announce the closing of its previously announced "bought deal" private placement for gross proceeds of C$18,925,760, which includes the partial exercise of the over-allotment option for gross proceeds of C$1,925,280. Pursuant to the Offering, the Company sold 33,796,000 units of the Company at a price of C$0.56 per Unit. The Offering was conducted pursuant to the terms of an underwriting [...]
Forsys Metals is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced "bought deal" private placement from gross proceeds of C$10,000,480 to gross proceeds of C$17,000,480. Pursuant to the upsized Underwritten Offering, Red Cloud Securities, as sole underwriter and sole bookrunner, has agreed to purchase for resale 30,358,000 units of the Company at [...]
Forsys Metals is pleased to announce that it has entered into an agreement with Red Cloud Securities, as sole underwriter and sole bookrunner, pursuant to which Red Cloud has agreed to purchase for resale on a "bought deal" basis, 17,858,000 units of the Company at a price of C$0.56 per Unit for gross proceeds of C$10,000,480. Each Unit will consist of one class A common share of the Company and one-half of one class A [...]
Forsys Metals is pleased to announce further drilling results from its ongoing extension and exploration drilling program at the Valencia deposit, part of the Company's Norasa Uranium project. A further 115 boreholes totalling 11,739 m have been drilled since results were previously reported on Feb 26, 2025. The Company has received 10,832 m of processed downhole gamma survey results. The mineralised intercepts are [...]
Forsys Metals is pleased to announce the commencement of a drill program comprising 64 drill holes at its Namibplaas uranium property, for approximately 12,500 m, having now satisfied all regulatory and statutory requirements to access Portion-1 of farm Namibplaas No. 93, which was acquired by the Company's fully owned subsidiary Valencia Uranium in Dec 2024. The Property hosts the Namibplaas uranium deposit under [...]
Forsys Metals is pleased to announce that in connection with the annual meeting of the Company`s shareholders, that was held virtually on June 30, 2025, and in accordance with TSX reporting requirements, the following voting results were obtained. A total of 140,404,198 common shares representing 66.46% of the Company`s issued and outstanding common shares were voted in connection with the Meeting. Shareholders voted in [...]
Forsys Metals is pleased to report on ore-sorting testwork at its Norasa Uranium project. Highlights Exploratory ore sorting evaluations show that ore sorting is possible for Valencia ore to increase uranium grade and reduce acid consumption during processing. Next phase testwork has commenced for proof of concept for XRF and XRT technologies. Ore sorting is a process stage for separation and upgrading of run of mine ore [...]
Forsys Metals is pleased to announce further interim drilling results from its Resource Extension and Exploration drilling program on Valencia, at the Company's Norasa Uranium project. The drilling program currently underway is designed to expand and upgrade Valencia's resources within and close to the current main pit. Positive results indicate good potential to increase the resource and grade level at Valencia [...]
Forsys Metals is pleased to announce the completion of its previously announced non-brokered private placement, for aggregate gross proceeds of C$5,005,000, pursuant to which the Company issued a total of 10,010,000 Units at a subscription price of C$0.50 per Unit. Each Unit consists of one Class A Common Share and one Common Share purchase warrant, with each Warrant entitling the holder to purchase one additional Common [...]
Forsys Metals is pleased to announce: the appointment of Mr. Stefano Roma as a member of the Board of Directors of the Company, effective immediately, following the resignation of Mr. Richard Parkhouse as a member of the Board of Directors; and its intention to raise up to C$5,280,000 in gross proceeds by way of a non?brokered private placement of up to 10,560,000 units at a subscription price of $0.50 per Unit. Changes [...]
Forsys Metals is pleased to announce that its wholly-owned subsidiary Valencia Uranium has finalised an agreement with Namibplaas Guestfarm and Tours Limited for the purchase of Portion-1 of farm Namibplaas No. 93, at the Company's Norasa Uranium project. The Property hosts the Namibplaas uranium deposit, under Exclusive Prospecting Licence The purchase of this Property is the final outcome of lengthy negotiations for the [...]
Forsys Metals is pleased to report that it has commenced a bulk sampling program with an inaugural blast attended by local dignitaries, including the Ministry of Mining and local leaders, at Valencia, at the Company's Norasa Uranium project. The Company continues to conduct substantial metallurgical testwork at Valencia and the excavation of a box cut will facilitate the collection of fresh ore for further large column [...]