Forsys Obtains Renewal of Exclusive Prospecting Licence (EPL-3638) for its Namibplass Uranium Deposit
March 07 2024 - 9:47AM
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”).
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 Licence (“ML"), and this submission is pending as
ML-251. EPL-3638 remains in good standing while the Ministry
processes Forsys’ ML-251 submission.
“EPL-3638 covers a strategic land position with
significant exploration upside,” commented Pine Van Wyk, Forsys’
In-Country Director. “We greatly appreciate the Ministry’s
continued support as we accelerate development of the Norasa
project and continue to work closely with the Ministry in
obtaining the ML.”
Figure 1: Permits obtained
_________________________________1 The Norasa
Uranium Project (“Norasa“) is wholly-owned by the Company’s 100%
subsidiary Valencia Uranium (Pty) Ltd. (“Valencia Uranium”) and
comprises the Valencia uranium deposits (held under ML-149)
("Valencia”) and the Namibplaas uranium deposit (under EPL-3638,
application for ML-251) (“Nambiplaas”).
About Forsys
Metals Corp.
Forsys Metals Corp. (TSX: FSY, FSE: F2T, NSX:
FSY) is an emerging uranium developer focused on advancing its
wholly-owned Norasa Uranium Project, located in the politically
friendly jurisdiction of Namibia, Africa. The Norasa Uranium
Project is comprised of the Valencia Uranium deposit (ML-149) and
the nearby Namibplaas Uranium deposit (EPL-3638).
Further information is available at the Company
website www.forsysmetals.com
On behalf of the Board of Directors of Forsys
Metals Corp. Richard Parkhouse, Director, Investor Relations.
For additional information please contact: Richard Parkhouse,
Director, Investor Relationsemail: rparkhouse@forsysmetals.com
Forward Looking Statement
Certain information contained in this press
release constitutes "forward-looking information",
within the meaning of Canadian legislation. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur", "be achieved" or "has the potential
to". Forward looking statements contained in this press release are
qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. Among those factors which could
cause actual results to differ materially are the following: market
conditions and other risk factors listed from time to time in our
reports filed with Canadian securities regulators on SEDAR at
www.sedar+.com. The forward-looking statements included in this
press release are made as of the date of this press release and
Forsys Metals Corp disclaim any intention or obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as expressly
required by applicable securities legislation.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9390ef6c-7a69-4f1a-9a4f-a91f49d22e5f
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