Forsys Metals Corp gets permission to abstract water
Forsys Metals Corp has received permits for the abstraction of ground water for the Valencia Uranium Mine in Namibia's Erongo Region from the Ministry of Agriculture Water and Forestry, Department of Water Affairs. The permits allow the company to abstract up to 1,000 cubic meters of water per day, a sufficient quantity to continue with the development of Valencia. The company is also continuing to work with the Namibia Water Corporation Limited, the bulk water supplier, in refining the terms and conditions for the long term supply of desalinated water to Valencia.
Forsys Metals Corp is focusing on creating shareholder value by developing uranium assets in Namibia. The Valencia uranium deposit is 100% owned and is one of only a handful of new uranium projects around the globe that is scheduled for production in late 2009.