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Don't have an account? Click here to register.Forte Energy to acquire uranium assets in Slovakia
Fri, 04th Apr 2014 11:51
Forte Energy is set to acquire the uranium assets of European Uranium Resources (EUR), creating a diversified, larger scale globally focused exploration and development company. The sale price is equivalent to C$8.5m, in addition to which Forte will subscribe for 1.11m shares of EUR for a total of C$0.1m. EUR will also be granted a 1% production royalty over the licences. Forte said the transaction would add 'significant' assets to its development portfolio. EUR has two project areas in Slovakia, namely Kuriskova and Novoveska Huta, of which Kuriskova is the most advanced. The projects cover an area of around 39.7 square kilometres. Managing Director of Forte, Mark Reilly, said: "The acquisition [...] creates a uranium explorer and developer with not only an enhanced portfolio of project interests but also the technical expertise and financial strength to advance its assets towards production. In addition, the combined business will benefit from deeper technical expertise and a board with experience in developing and building numerous projects."Europe is the world's largest per capita consumer of uranium and through this acquisition Forte will be well-positioned to take advantage of this in its pursuit to grow and become a premier African and European uranium company."NR
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2 Oct 2015 08:54
Forte Energy pulls out of Slovakia joint venture, reviews West Africa operations
(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 Ap
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Forte Energy director James Leahy quits, citing personal reasons
(ShareCast News) - Industry veteran James Leahy has quit Forte Energy, citing personal reasons. Shares in AIM-listed Forte tumbled as the director said he was leaving with immediate effect. At 0809 BST shares in the Australia-based company had lost 6.91% to trade at 0.03p. Forte chairman Glenn Fea
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Forte Energy surges on Slovak's subsidiary update
(ShareCast News) - Mineral explorer Forte Energy said Ludovika Energy, its Slovak subsidiary, is in the process of securing a no-win, no fee deal with lawyers over proceedings against the Ministry of Environment. On 14 June, the London-listed company confirmed lawyers had been instructed to act on i
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UK MIDDAY BRIEFING: EasyJet, Flybe Passenger Numbers Soar
LONDON (Alliance News) - Airlines are trading higher Friday after low-cost airlines easyJet and Flybe Group said they flew more passengers and filled more of the seats in their planes in recent weeks.
EasyJet said it flew 5.1 million passengers in March, up from ne
4 Apr 2014 10:29
UK WINNERS & LOSERS: Housebuilders Subside, EasyJet, IAG Fly High
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday. ------- FTSE 100 - WINNERS EasyJet, up 2.4%. The low-cost airline said it flew more passengers and filled more of the seats in its planes in March. It s
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