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Mining Industry

Mining Industry > Group's Default Discussion > The next uranium producer.FSY View modes: 
  • The next uranium producer.FSY

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    Forsys' Valencia Uranium Project, Namibia Mining Licence Granted

    TORONTO, ONTARIO, Aug 21, 2008 (MARKET WIRE via COMTEX News Network) --

    Furtherto the news release dated June 17 2008, Forsys Metals Corp. ("Forsys"or the "Company") (TSX: FSY)(FRANKFURT: F2T)(NSX: FSY) is pleased toannounce that the Ministry of Mines and Energy, Republic of Namibia,has granted the 25 year Mining Licence No.149 to Valencia Uranium (Pty)Ltd, a wholly-owned subsidiary of Forsys, allowing full scaledevelopment of the Valencia Uranium mining operation to proceed.

    DuaneParnham, President and CEO of Forsys stated "The granting of only thesecond Nuclear Fuel Licence in Namibia in the last 20 years is amilestone achievement for the Company and is a direct result of theexcellent relationship that exists between the Company, its responsiblepersonnel in Namibia and the Ministry of Mines and Energy. We wouldlike to acknowledge again the cooperation and assistance of theMinistry of Mines and Energy and the other Namibian Government bodiesin granting the Mining Licence following the issue of the notice of theMinister's intention to grant the Licence on June 17, 2008."

    On Behalf of the Board of Directors of Forsys Metals Corp.

    Duane Parnham, President and CEO

    For further information visit our web site at

    Sedar Profile #00008536

    Shares Outstanding: 77,085,231

    The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

    Contacts: Forsys Metals Corp. Bruce Hall Chief Communications Officer(905) 844-4646 Email: [email protected] In Namibia +264 61 219 462 Email:[email protected]

    SOURCE: Forsys Metals Corp.

    mailto:[email protected] mailto:[email protected]

    Copyright 2008 Market Wire, All rights reserved.
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