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 [...]
Forsys Metals is pleased to announce the appointment of Pierfranco Malpenga as a member of the Board of Directors of the Company, effective immediately. Pierfranco has over 25 years experience in finance, in particular as an Investment Manager and Advisor. He has held various roles as CIO and Member of the Investment Committee of asset management companies and family offices. He began his career at Mediobanca and worked [...]
Forsys Metals is pleased to provide further interim drilling results from its 2024 Resource Extension and Exploration drilling program from Valencia, at the Company's Norasa Uranium project. The ~10,000 m drilling program currently underway is designed to expand and upgrade the Valencia resources adjacent to the current main pit. Positive results, such as 210 ppm U3O8 over a 253 m interval, including 16m at 655 ppm U3O8 [...]
Forsys Metals is pleased to announce that in connection with the annual meeting of the Company`s shareholders, that was held virtually on June 28, 2024, and in accordance with TSX reporting requirements, the following voting results were obtained. A total of 117,999,659 common shares representing 60.46% of the Company`s issued and outstanding common shares were voted in connection with the Meeting. Shareholders voted in [...]
Forsys Metals In connection with the Company's forthcoming Annual General Meeting to be held virtually on June 28, 2024, Mr. Paul Matysek is withdrawing his nomination and will retire as a Non-Executive Director of the Company at the conclusion of the Meeting. Forsys Chairman Mr. Martin Rowley noted, "The Board thanks Mr. Matysek for his valuable contribution to Forsys throughout his tenure as a Director and the Company [...]
Forsys Metals Corp. Forsys is pleased to be able to release the results of its metallurgical column leaching test work for its Norasa Uranium project together with details of its work plan for further optimising heap leach conditions and ore-sorting testwork. Highlights Completed metallurgical test work supports utilizing heap leaching to recover uranium at Norasa. A total of 16 metallurgical column leach tests have been [...]
Forsys Metals Corp. Forsys is pleased to provide an update on the Company's Norasa Uranium project with interim results from its 2024 Resource Extension and Exploration target drilling program at Valencia . Highlights A total of 4,332 metres in 32 boreholes have been completed since the drilling program commenced in February 2024. To date, assays from 21 boreholes have been received and 2,599 down-hole metres have been [...]
Forsys Metals Corp. Forsys is pleased to provide an update for the Company's Norasa Uranium project which comprises the deposits of Valencia Main and East, , under Mining Licence and Namibplaas under EPL-3638, . Highlights Forsys has undertaken a comprehensive review and update of all of the parameters for a Mineral Resource Estimate for the Norasa project using recent drill results together with the 2005-2011 previous [...]
Forsys Metals Corp. Forsys is pleased to provide assay results from the Valencia 2023 drilling programme, from Mining License -149 in the Erongo region of Namibia, which forms part of the Company's larger Norasa Uranium Project . Fifteen boreholes were drilled with a combined total of 2,684.44 metres . The objectives of the drill program were: geotechnical drilling, and logging and sampling for geo-mechanical testing for [...]
Forsys Metals Corp. is pleased to announce that the Ministry of Mines and Energy of the Republic of Namibia has renewed the Company's Namibplaas Exclusive Prospecting License - 3638, that forms part of its Norasa Uranium Project . This licence has been renewed for a further two years until February 2026. In September 2022 Forsys has also made an application to the Ministry to convert EPL-3638 to a full 25-year Mining [...]
Forsys has launched a broad-ranging initiative to reassess its 2015 Feasibility Study for its fully owned Norasa Project1 in Namibia. The Company sees potential to improve project economics by optimizing pit parameters and examining the potential of using heap leaching in mineral processing. The work program that began in mid 2023 and is anticipated to finish in mid 2024 includes the following components: 4,100 metre [...]
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