Welcome to our dedicated page for Forsys Metals news (Ticker: FOSYF), a resource for investors and traders seeking the latest updates and insights on Forsys Metals stock.
Forsys Metals Corp. reports developments tied to its role as an emerging uranium developer focused on the wholly owned Norasa Uranium Project in Namibia. Company updates center on the Valencia Uranium deposit under ML-149, the nearby Namibplaas Uranium deposit under EPL-3638, and technical work related to drilling, mineralized intercepts, resource definition, pit optimization, and mine planning.
Forsys news also includes corporate governance and reporting matters, including auditor changes approved by the board and audit committee and related Canadian continuous-disclosure requirements.
Forsys Metals (OTCQB:FOSYF) announced a strategic leadership change and growth plan focused on uranium. Subject to shareholder and TSX approvals at the July 31, 2026 meeting, uranium veteran John Borshoff is expected to become President, CEO and Executive Director and is serving meanwhile as Interim President.
The strategy targets advancing the Norasa Uranium Project in Namibia toward development readiness, pursuing uranium-focused M&A, potential corporate name change, and reshaping the Board. An investor webinar on the transition is scheduled for June 16 at 8 a.m. EDT.
Forsys Metals (OTC: FOSYF) changed its auditor effective February 5, 2026, replacing BDO Audit Pty Ltd with RSM Canada LLP. The board and audit committee approved the resignation and appointment. There were no modified opinions or reportable events with the former auditor. The company will file the required NI 51-102 reporting package within the prescribed period.
Forsys Metals (OTC:FOSYF) reported additional drilling results from the Valencia deposit at the Norasa uranium project on January 15, 2026. Since the Company's September 2, 2025 release, a further 960 m of downhole gamma data and 8,519 ICP assays were processed. Valencia Main has seen 17,532 m in 209 holes drilled since 2024. Notable intercepts include 64 m @ 333 ppm U3O8 (VA24-127), 53.9 m @ 385 ppm U3O8 (VA25-289), 11 m @ 736 ppm U3O8 (VA25-273 Jolie) and higher-grade hits at Valencia West and East (up to 682 ppm and 612 ppm). Drilling aims to expand and upgrade resources and may extend the Valencia Main pit ~150 m west.