Forsys Metals Corp T.FSY

Alternate Symbol(s): FOSYF

Metals & Mining Industrial Metals & Minerals

Forsys Metals Corp. is a Canada-based uranium developer. The Company is engaged in the business of acquiring, exploring and developing mineral properties which are located in Namibia, Africa. Its principal focus is on uranium and bringing the Norasa Uranium Project (Norasa), which combines the fully licensed Valencia Uranium deposit (ML-149) (Valencia) and the exploration stage Namibplaas Uranium (Namibplaas) projects, into production. The Company’s flagship project is Norasa, which includes the wholly owned Valencia project, which has a 100 % interest in the Namibplaas project under Exclusive Prospecting Licence (EPL-3638), and which is located 5 kilometers (km) northeast of Valencia. The Namibplaas is located 4.5 km northeast of the Valencia deposit on the farm Namibplaas 93, with a total surface area of 1,269 hectares (ha). The uranium mineralization at Valencia is hosted by granitic alaskite intrusions and a narrow halo within the immediate country rock contacts.

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Forsys Metals Corp

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Post by Betteryear2on Mar 08, 2024 7:02pm

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Post# 35923876

Forsys Obtains Renewal of Exclusive Prospecting Licence

TORONTO, March 07, 2024 (GLOBE NEWSWIRE) -- Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“Forsys” or the “Company”) is pleased to announce that the Ministry of Mines and Energy of the Republic of Namibia (“Ministry”) has renewed the Company’s Namibplaas Exclusive Prospecting License (“EPL”)– 3638, that forms part of its Norasa Uranium Project (“Norasa1”).

Forsys Obtains Renewal of Exclusive Prospecting Licence (globenewswire.com)

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