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Forte Energy pulls out of Slovakia joint venture, reviews West Africa operations

Fri, 02nd Oct 2015 08:54

(ShareCast News) - Forte Energy has decided to end its partnership with European Uranium Resources.The AIM listed company has forfeited its 50% interest in Ludovika Energy and Ludovika Mining, which run the Kuriskova and Novoveska Huta uranium projects in Slovakia.It follows an announcement in April from the Ministry of Environment in Slovakia its intention to deny an application to extend the existing uranium licence over the Kuriskova area, as well as legal action from the company.Forte Energy said it felt the majority of expenditure in the medium term would be for administrative costs and not for the project, and has decided to focus on other opportunities.It is also reviewing its uranium exploration operations in West Africa. Due to the prolonged downturn in the uranium market and limited funding options, Forte has not carried out significant exploration activities there for some time.
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12 Nov 2010 15:19

Forte Energy awaits Mauritania results

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1 Nov 2010 11:06

Small caps round-up: Communisis, Forte Energy, Paragon Diamonds ...

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25 Oct 2010 13:40

Uranium is 'next year's gold'

A military coup, massacre of civilians and the attempted assassination of the coup leader is not what Forte Energy had in mind when it bought the rights to dig for uranium in the West African state of Guinea. After a horrible 18 months, bullish Aussie chief operating officer Brad George reckons all

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19 Jul 2010 13:47

Small caps: Atlantic Global, Kewill, UK Coal...

Coal miner UK Coal expects to post a higher interim loss of about £94m, up from £81.5m, after costs of its recent refinancing. The operating loss will be £52m, against losses of £37.7m, while property valuation losses are expected to be around £10m. Net debt at 26 June 2010 is expected to be around

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