Forsys Metals posts 6-month net loss of CAD 1.45 million on higher director, consulting and advisory fees

Reuters2026/08/04 22:25

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Forsys Metals posted a net loss of CAD 1.45 million for the six months ended June 30, 2026, versus CAD 1.05 million a year earlier.
Higher costs drove the wider loss, led by director fees of CAD 415,475, consulting fees of CAD 548,183, advisory fees of CAD 278,754.
Working capital fell to CAD 16.53 million at June 30, 2026 from CAD 18.8 million at Dec. 31, 2025; cash totaled CAD 16.2 million.
Management outlined a leadership transition plan centered on John Borshoff, with a strategy focused on Norasa optimization, M&A screening.
Spot uranium ended June at USD 85/lb, down from USD 100.54 in late January; long-term indicator was USD 95.5/lb.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forsys Metals Corp. published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Forsys Metals posts 6-month net loss of CAD 1.45 million on higher director, consulting and advisory fees

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