Bannerman joins Namibian peers in the red

Monday was Bannerman’s turn to suffer the nationalisation jitters that have hit mining companies with exposure to Namibia over the past week. The TSX-listed uranium junior slipped nearly 9% to trade at $0,32 a share by midday.

Forsys could be takeover target - CEO

Forsys Metals CEO Marcel Hilmer said on Tuesday the “explosion” in nuclear power’s demand for uranium means there’ll be a lot more buyouts of producers of the fuel in the future. He said Russian and Asian utilities needing uranium supplies...

Forsys hires Morgan Stanley for strategic review

Uranium developer Forsys Metals has appointed Morgan Stanley & Co as exclusive financial advisor to assist the company with a review of potential strategic alternatives, the firm announced on Wednesday. In August, Forsys broke off an agreement...

Industry Canada may add further delay to Forsys-George Forrest deal

Just as George Forrest International (GFI) appeared finally to have arranged the cash for its acquisition of Canada-based Forsys Metals, the transaction has run into another potential obstacle, this time from the government of Canada. “GFI has...

Daily podcast – August 5, 2009

Barrick Gold eyes global M&A opportunities; and Zambia's Baluba copper mine will resume operations in December.

At last, George Forrest confirms financing for Forsys acquisition

Shares in uranium hopeful Forsys Metals jumped 37% on Tuesday, after the firm said that George Forrest International has finally confirmed it has the financing needed to complete its acquisition of Forsys. The deal was initially expected to close...

Forsys gives George Forrest more time on takeover, shares fall

Shares in Toronto-based Forsys Metals fell 29,5% on Friday, after the firm said it had agreed in principle to extend the closing date of a plan of arrangement in which the company will be acquired by George Forrest International Afrique (GFI). In...

Namibia uranium mine cleared for takeoff after mining licence awarded

Toronto-based Forsys Metals has been granted a mining licence for its Valencia uranium project, in Namibia, and can now go ahead with full-scale development of the project, the company announced on Thursday. The 25-year nuclear fuel licence was...

Forsys to receive licence for Namibia uranium mine

Toronto-based Forsys Metals has been informed that the Namibian Ministry of Mines and Energy is prepared to grant a mining licence for its Valencia uranium mine in the country, and expects to receive the permit “within a few weeks”,...

Forsys lifts stake in Namibian gold prospect

Toronto-based Forsys Metals has increased its holding in the Ondundu gold project, in Namibia, to 90%, the firm said on Tuesday.

Namibia uranium output to jump as exploration surges

Namibia plans to open four new uranium mines by 2010 that will boost its output to 10 percent of world production, a response to a boom in uranium exploration last seen during the energy crisis of the 1970s.

Canadian uranium explorer to trade on Namibian bourse

TSX-listed uranium development and exploration company Forsys Metals will begin trading on the development board of the Namibian Stock Exchange on December 11, under the symbol FSY, the company announced on Wednesday. Forsys will be only the...