Forsys Metals Announces Strategic Review
2021年11月15日 - 9:00PM
Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX:
FSY) (“
Forsys” or the
“
Company”) is pleased to announce the appointment
of Bacchus Capital Advisers (“
Bacchus Capital”) to
conduct a strategic review of the Company’s 100% owned Norasa
Uranium Project ( “
Norasa”), 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 will consider, evaluate
and compare a broad selection of potential options for the purpose
of identifying opportunities to maximise the value of Norasa for
the Company’s shareholders. As part of the strategic review,
Bacchus Capital will undertake a detailed evaluation of the Norasa
project within the context of the wider market and regional
opportunities.
All parties interested in more information
regarding the strategic review process should contact Bacchus
Capital directly.
The Board reserves the right to amend any aspect
of the process as outlined above or to terminate the process at any
time and, in such cases, will make further announcements as
necessary.
Mark Frewin, Forsys CEO and Director, said:“The
Norasa Uranium Project is one of the few post-DFS, construction
ready, uranium projects with a mining license, which positions this
asset as one of the only projects in the world able to potentially
benefit from the near to mid-term expected supply shortages.
Additionally, Norasa is located in Namibia, a strong mining
jurisdiction with a history of support for the development and
operation of uranium projects.
We are undertaking this review in order to
maximise the value of this unique asset for shareholders and will
consider all potential options that result from this strategic
review.”
Norasa Project OverviewThe
Company’s flagship Norasa Uranium Project is one of the only
construction ready uranium projects in the world with a mining
licence. Located in the Republic of Namibia, Norasa is situated 25
km from Rio Tinto’s historically significant Rössing uranium mine.
The completed DFS confirmed Norasa’s robust economics, with a 32%
IRR, a pre-tax NPV(8%) of US$663m, and US$1,175m operating cash
flow. Mineral reserves total 90.7 Mlbs U3O8. The Norasa plant
annual throughput is expected to be 11.2Mtpa, producing an average
of 5.2m/lbs U3O8 per year. The project has an open pit mine design
with a low strip ratio and lower quartile mining costs.
Namibia, the fifth largest uranium producing
country globally, is a mining-friendly jurisdiction with strong
government support for the Norasa project. Uranium macro
fundamentals are positive given: the doubling in demand for
electricity; global G20 ambitions to become carbon neutral using
clean renewable energies; demand for uranium is expected to exceed
primary production considering the increase in nuclear reactors
already under construction, proposed or planned to be built.
About Forsys Metals Corp.Forsys
Metals Corp. is an emerging uranium developer with 100% ownership
of the Norasa project that comprises the fully permitted Valencia
uranium project and the Namibplaas uranium project in Namibia,
Africa, a politically stable and mining friendly jurisdiction.
Information regarding current National Instrument 43-101 compliant
Resource and Reserves at Valencia and Namibplaas are available on
the Company’s website and under the Company’s filings on SEDAR.
On behalf of the Board of Directors of Forsys
Metals Corp. Mark Frewin, Chief Executive Officer.
For additional information please contact:
Forsys Metals Corp. |
|
Jorge Estepa Corporate Secretary (416)
818-4035 je@forsysmetals.com |
Richard ParkhouseDirector, Investor Relations+44 (0) 7730
493432rparkhouse@forsysmetals.com |
|
|
Bacchus Capital Advisers |
|
Peter Bacchus Chairman and Chief
Executive +44 (0) 7516 420 579
peter.bacchus@bacchuscapital.co.uk |
Shea O’Callaghan Director+44 (0)
7715 548 610 shea.ocallaghan@bacchuscapital.co.uk |
Forward-Looking Information
This news release contains projections and
forward‐looking information that involve various risks and
uncertainties regarding future events. Such forward‐looking
information includes statements about the completion of the
Offering and the use of proceeds therefrom and can include without
limitation statements based on current expectations involving a
number of risks and uncertainties and are not guarantees of future
performance of the Company. The following are important factors
that could cause Forsys actual results to differ materially from
those expressed or implied by such forward looking statements:
fluctuations in uranium prices and currency exchange rates;
uncertainties relating to interpretation of drill results and the
geology; continuity and grade of mineral deposits; uncertainty of
estimates of capital and operating costs; recovery rates,
production estimates and estimated economic return; general market
conditions; the uncertainty of future profitability; and the
uncertainty of access to additional capital. Full description of
these risks can be found in Forsys Annual Information Form
available on the Company’s profile on the SEDAR website at
www.sedar.com. These risks and uncertainties could cause actual
results and the Company’s plans and objectives to differ materially
from those expressed in the forward‐looking information. Actual
results and future events could differ materially from anticipated
in such information. These and all subsequent written and oral
forward‐looking information are based on estimates and opinions of
management on the dates they are made and expressed qualified in
their entirety by this notice. The Company assumes no obligation to
update forward‐looking information should circumstance or
management’s estimates or opinions change. The Toronto Stock
Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
Forsys Metals (TSX:FSY)
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Forsys Metals (TSX:FSY)
過去 株価チャート
から 2 2024 まで 2 2025