Forsys Metals is engaged in the business of acquiring, exploring and developing mineral properties. The principal focus is an emerging uranium producer with 100% ownership of the Norasa Uranium Project, located in Namibia, Africa, which combines the fully licensed Valencia Uranium (“Valencia”) and the exploration stage Namibplaas Uranium (“Namibplaas”) projects.
The Company has undertaken a comprehensive review and update of all of the parameters for a Mineral Resource Estimate (“MRE”) for the Norasa Uranium Project using recent drill results.
Vision and Strategy
Forsys plans to pursue a value creation strategy to deliver the Company’s new growth objectives and enhance shareholder value, benefitting from Mr. John Borshoff’s past successes in the uranium sector. The Company intends to:
• Advance the Company’s wholly-owned Norasa Uranium Project in Namibia towards development readiness.
• Commence concurrent evaluation for strategic mergers and acquisitions (M&A) to build a diverse project pipeline of development and production options in a resource-constrained uranium market experiencing rising global energy demand and future uranium supply shortage.
• Build a team to successfully deliver the Company’s vision.
This strategy draws on Mr. Borshoff’s deep knowledge of uranium, its markets and supply dynamics, and the clear ambition is to build on Forsys’ existing asset base in Namibia and position the Company as a major, global developer and supplier of uranium in the modern nuclear era.
Corporate Values:
– To operate in accordance with best practice with a particular emphasis on safety and the environment;
– To conduct operations in an efficient and effective manner and by seeking out opportunities for expansion;
– To respond to the attitudes and expectations of the communities in which we operate as part of our corporate social responsibility;
– To act with integrity, honesty and cultural sensitivity in all of Forsys’ dealings;
– To reward employee performance and provide a fulfilling work environment.
