Yellowcake to top $80/lb by ’14 – Forsys boss

Namibia-focused uranium junior Forsys Metals on Thursday said it was rapidly advancing studies to consolidate its Valencia and Namibplaas landholdings to potentially develop the world’s next significant uranium mine. The Toronto-, Frankfurt-...

Forsys wants 6Mlbs/y uranium output at Namibian projects

Uranium junior Forsys Metals is believes it could produce “at least” six-million pounds yearly of the nuclear fuel at its Namibian assets, the company said on Monday. The Toronto-, Frankfurt- and Windhoek-quoted firm owns the Valencia deposit...

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 announces board changes

Three new directors have been elected to the board of uranium hopeful Forsys, the company reported on Tuesday. Thomas Allen, Ricardo Campoy and Lodovico Simone were elected as non-executive directors on shareholders' nomination at the firm's...

Forsys invites proposals on potential deals

Uranium junior Forsys Metals has invited a short-list of parties to submit proposals on potential transactions with the company, it said on Tuesday. Forsys' main asset is the Valencia uranium project in Namibia, which is fully permitted and could...

Forsys Metals hires new CEO

Uranium junior Forsys Metals has appointed former First Quantum Minerals executive Marcel Hilmer as CEO, the firm announced on Monday. Hilmer will replace Duane Parnham, who is stepping down from the position, but will continue on the board as...

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...

Forsys would consider reopening talks with George Forrest

Uranium junior Forsys Metals would consider reopening discussions with George Forrest International (GFI), if it offered proof that it had the funds needed to complete the now-terminated agreement between the two firms, Forsys CEO Duane Parnham...

Forsys will fight George Forrest for break-up fee

Uranium junior Forsys Metals confirmed on Friday that erstwhile suitor George Forrest International (GFI) had disputed Forsys' right to claim a C$20-million reverse break fee after terminating its agreement with GFI. GFI alleged that Forsys had...

Forsys shares drop after buyout scrapped

Shares in uranium junior Forsys Metals fell 9,62% on Wednesday, after the company said that it had terminated an agreement with George Forrest International, which had failed to come up with the money for its acquisition of Forsys. The company...

Forsys loses patience, breaks off George Forrest deal

Uranium junior Forsys Metals has terminated its agreement with George Forrest International (GFI), citing the other company's ongoing failure to transfer the funds to complete a C$579-million friendly takeover of Forsys. “As of today's date,...

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...