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Forsys Metals Corp (T:FSY)

Business Focus: N/A

Sector:  Energy Industry:  Uranium
See Regulatory Filings on SEDAR
Company Contact
Address: 20 Adelaide Street East
Tel: N/A
IR: See website
Key People
Mark Frewin
Interim Chief Executive Officer, Director
Miles A. Nagamatsu
Chief Financial Officer
Richard Parkhouse
Executive Director
Jorge Estepa
Corporate Secretary, Director
Business Overview
Forsys Metals Corp. is engaged in the business of acquiring, exploring and developing mineral properties, either independently, or through joint ventures. The Company has interests in projects located in Namibia, Africa. Its principal focus is on advancing uranium properties, primarily Norasa Uranium Project (Norasa). Norasa is the consolidation of the Valencia and Namibplaas Uranium Projects. Norasa comprises deposits on Mining License, ML149 and at Namibplaas on Exclusive Prospecting License (EPL) 3638. Namibplaas project (EPL 3638) is located approximately 7.5 kilometers north east of Valencia, and in the Erongo region, approximately 70 kilometers south of the town of Usakos, central Namibia. Ondundu Gold Project EPL 3195 is the Company's non-uranium project. The Company's subsidiaries include Namibian Metals Ltd. (BVI), Dunefield Mining Company (Proprietary) Limited (Namibia), Namibian Westport Ltd. (Ontario) and Omatjete Mining Company (Proprietary) Limited (Namibia).
Financial Overview
For the six months ended 30 June 2021, Forsys MetalsCorp revenues was not reported. Net loss applicable tocommon stockholders increased from C$299K to C$3M. Highernet loss reflects Public company costs increase from C$36Kto C$90K (expense), Directors fees and benefits increase of56% to C$126K (expense), Consulting fees increase of 15% toC$147K (expense). Basic Earnings per Share excludingExtraordinary Items totaled to -C$0.02.
Employees: 3 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $192.24M as of Jun 30, 2021
Annual revenue (TTM): $0.00M as of Jun 30, 2021
EBITDA (TTM): -$3.48M as of Jun 30, 2021
Net annual income (TTM): -$3.48M as of Jun 30, 2021
Free cash flow (TTM): -$0.58M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 193,249,467 as of Jun 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization