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Forsys launches strategic review of Namibia uranium project

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Toronto- and New York-listed Forsys Metals has appointed advisers Bacchus Capital to conduct a strategic review of its Norasa uranium project, in Namibia, given the “misalignment of flat or declining supply, versus growing demand”.

“The Norasa uranium project is one of the few post-DFS [definitive feasibility study], construction ready, uranium projects with a mining licence, which positions this asset as one of the only projects in the world able to potentially benefit from the near to mid-term expected supply shortages,” CEO Mark Frewin said on Monday.

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