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Forsys Metals Corp (T:FSY)

Business Focus: Uranium Mining

Sector:  Energy Industry:  Uranium
 
Company Contact
Address: 20 Adelaide Street East
TORONTO ON M5C 2T6
Tel: N/A
Website: https://www.forsysmetals.com
IR: See website
Key People
Mark Frewin
Chief Executive Officer, Director
Miles A. Nagamatsu
Chief Financial Officer
Jorge Estepa
Corporate Secretary, Director
Business Overview
Forsys Metals Corp. is a Canada-based company, which is engaged in the business of acquiring, exploring and developing mineral properties. The Company is principally focused on advancing the Norasa Uranium Project, which is wholly owned by its 100% owned operating subsidiary, Valencia Uranium (Pty) Ltd comprising the Valencia Uranium deposit (ML149) and the nearby Namibplaas Uranium deposit (EPL3638) in the politically friendly jurisdiction of Namibia. The Valencia Uranium project is situated on the farm Valencia 122, which is located approximately 75 kilometers (km) north-east of the town of Swakopmund in central-west Namibia, covering an area of 735.6 hectares (ha). The Namibplaas Uranium project is located 7.5 km northeast of the Valencia deposit on the farm Namibplaas 93, with a total surface area of 1,269 ha.
Financial Overview
For the nine months ended 30 September 2023, Forsys Metals Corp revenues was not reported. Net loss applicable to common stockholders totaled C$3.3M vs. income of C$4M. Net loss reflects Gain on sale of investment in associate decrease from C$7.5M (income) to C$0K, Stock-based compensation increase from C$0K to C$2.2M (expense), Gain on deconsolidation of subsidiary decrease from C$793K (income) to C$0K.
Employees: 4 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $170.44M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$4.29M as of Sep 30, 2023
Net annual income (TTM): -$5.38M as of Sep 30, 2023
Free cash flow (TTM): -$4.09M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 195,169,467 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization