Forte Energy pulls out of Slovakia joint venture, reviews West Africa operations
2nd Oct 2015 08:54
(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
Read moreForte Energy director James Leahy quits, citing personal reasons
27th Aug 2015 11:34
(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
Read moreForte Energy surges on Slovak's subsidiary update
5th Aug 2015 10:07
(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
Read moreForte Energy to acquire uranium assets in Slovakia
4th 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
Read moreMinnow Forte Energy flies on acquisition news
2nd Apr 2014 12:22
Shares in AIM minerals mining minnow Forte Energy soared on news of a possible acquisition. The company announced that it had its shares suspended on the Australian Securities Exchange (ASX) pending an acquisition announcement within the next two days. Forte shares continued to trade on AIM throug
Read moreAnite directors stock up after profit warning
31st Oct 2013 16:22
Directors at Anite made a round of share purchases on Wednesday, the biggest of which was made by Chairman Clay Brendish and Non-Executive David Hurst-Brown. Brenish acquired 28,250 shares at 91.00p, costing him a total of £25,708, while Hurst-Brown bought up 50,000 shares at 89.50p for a total of
Read moreTrading of Forte Energy shares remain suspended on ASX
10th Sep 2013 11:22
Forte Energy shares have continued to be suspended from trading on the Australian Securities Exchange (ASX), the group said Tuesday. As previously reported, this is as a result of the pending update on due diligence and negotiations in relation to the proposed transaction to acquire Leo Mining And
Read moreForte Energy shares jump ahead of acquisition update
3rd Sep 2013 11:13
Forte Energy shares shot up on Tuesday after the group placed its shares on the Australian Securities Exchange under a trading halt. The decision was made ahead of the release of an announcement on due diligence and negotiations in relation to the previously announced proposed transaction to acqui
Read moreForte Energy secures two-year loan
6th Jun 2013 11:55
Forte Energy has secured a one million dollar two-year loan facility with Dutchess Opportunity Cayman Fund. An initial drawdown of $0.6m has been received as part of the loan, which will accrue an interest of 8.0% per year. "We are pleased to work with the management team at Forte Energy and to he
Read moreForte Energy to commence drilling in Mauritania
10th Apr 2013 11:36
AIM-listed Uranium explorer Forte Energy NL has signed a contract with Wallis Drilling Africa for approximately 5,000m of NQ Aircore drilling in the highly prospective areas close to the A238 prospect and at Hassi Baida in Mauritania. An operational update issued by the company showed that drill
Read moreTwo Sports Direct execs sell off entire stakes
28th Mar 2013 15:03
The Chief Executive Officer and Finance Director of Sports Direct, the High Street sports retailer, sold off their entire holdings in the firm this week following a strong share-price performance over the last year. David Forsey and Robert Mellor both offloaded their remaining 803,922 shares each i
Read moreForte Energy identifies uranium mineralisation at Mauritania resource
12th Mar 2013 08:58
Forte Energy NL, the AIM-listed uranium company focused on the development of a portfolio of uranium assets, has unveiled positive assay results from its drilling campaign in Mauritania, West Africa. The Australian company reported that drilling and assay results confirmed intermittent narrow miner
Read moreForte Energy shares plummet as deal talks end
1st Mar 2013 12:40
Forte Energy shares plunged more than 23 per cent Friday as the uranium company said it ended negotiations over a deal it had failed to agree terms on. The AIM-listed firm, focused on West Africa assets, said it was continuing to assess alternative opportunities and will update the market according
Read moreForte Energy secures financing deal
15th Feb 2013 09:33
Forte Energy has entered into a 10m-pound equity financing facility (EFF) with Darwin Strategic, an arm of fund manager Henderson Global Volantis Capital. Managing Director of Forte Energy, Marc Reilly, said the facility would give the company access to much needed cost effective financing. "The E
Read moreForte Energy: Negotiations continuing over 'potentially significant transaction'
11th Feb 2013 10:41
AIM-listed Australian-based minerals company Forte Energy has advised that negotiations are 'continuing in relation to a potentially significant transaction'. The company stated that it would provide a further update "as soon as the terms of any transaction are agreed". The news comes almost two
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