Forte Energy (ASX:FTE, LON:FTE) has unveiled plans which it...

Forte Energy (ASX:FTE, LON:FTE) has unveiled plans which it believes will make the firm “extremely well placed” for an anticipated rebound for the uranium sector.

It intends to de-list its shares from the Australian market, raise new capital from investors and is currently engaging in mergers and acquisition activities.

The company said it was “getting little benefit” from the ASX listing and it believes shareholders’ interests will be best served by maintaining a listing on London’s AIM market only.

Delisting in Australia also opens up the possibility of raising capital via an open-offer share sale to all investors, and this is something the company will now pursue.

Forte said it held the strategy to grow via acquisition and to seek opportunities whilst the uranium sector has been in the doldrums.

The October 2014 deal to acquire 50% of European Uranium’s Slovakian assets is an example of this, and indeed yesterday’s 70% upgrade to uranium resources in Slovakia shows the value adding potential.

Forte, today, said it is actively looking at other opportunities in the uranium sector for assets that will provide synergies to the existing portfolio.

It has identified assets that it believes fit the criteria and is pursuing talks and negotiations.

“Notwithstanding the current slump in commodities, and general macroeconomic uncertainty, the board believes that the strategy, if carried out in a sensible and measured way, will go a long way towards setting the company and its shareholders up to be extremely well-placed in the uranium space for when the expected rebound in the sector takes place,” Forte said in a statement.