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Forsys Metals ( (TSE:FSY) ) just unveiled an announcement.
Forsys Metals has finalized an agreement to purchase Portion-1 of the Namibplaas farm, which hosts a major uranium deposit under the Exclusive Prospecting Licence (EPL-3638), as part of its Norasa Uranium project. This acquisition follows extensive negotiations and marks a strategic expansion in the company’s resource base, enhancing its operational capabilities and positioning in the uranium mining sector.
More about Forsys Metals
Forsys Metals Corp. operates within the mining industry, focusing primarily on uranium extraction and exploration. The company holds significant interests in uranium deposits located in the Erongo region of Namibia, specifically through its wholly-owned subsidiary Valencia Uranium Pty Ltd.
YTD Price Performance: 5.71%
Average Trading Volume: 79,653
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$148.2M
See more insights into FSY stock on TipRanks’ Stock Analysis page.
