Forte Energy (ASX:FTE, AIM:FTE) is heading to market, with the...

  1. Forte Energy (ASX:FTE, AIM:FTE) is heading to market, with the ASX granting the company a trading halt to prepare.

    Last month the company entered into a ding letter of intent with European Uranium Resources (TSXV:EUU) whereby Forte will earn a 50% interest in EUU’s Slovakian uranium projects.

    The interest will be held through ownership of 50% of EUU’s currently wholly-owned Slovak subsidiaries, Ludovika Energy and Ludovika Mining, which hold the mineral licenses comprising the Kuriskova and Novoveska Huta uranium projects.

    The main projects are Kuriskova and Novoveska Huta, of which Kuriskova is the most advanced. The projects are held in two wholly owned subsidiaries of European Uranium that are registered in the Slovak Republic.

    The Kuriskova project consists of 32 square kilometres of mineral licenses situated 10 kilometres northwest of the city of Kosice, a regional industrial centre in East-Central Slovakia.

    The halt will remain in place until the opening of trade on Thursday 28th August 2014, or earlier if an announcement is made to the market.

     

 
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