Forsys Metals Corp said this week that it has received permits from the Department of Water Affairs for the abstraction of ground water for the Valencia Uranium Mine. The permits allow the company to abstract up to 1000 cubic metres of water per day, a sufficient quantity to continue with the development of Valencia.

The company is also continuing to work with the Namibia Water Corporation Limited, the bulk water supplier, in refining the terms and conditions for a long-term supply of desalinated water to Valencia.
Duane Parnham, Valencia President and CEO commented: “The water permits represent an important step in bringing Valencia into production within our scheduled timeframe. We appreciate the ongoing support of the project from the government of Namibia.”
Forsys Metals Corp is focusing on creating shareholder value by developing uranium assets in Namibia. The Valencia uranium deposit is 100% owned and is one of only a handful of new uranium projects around the globe that is scheduled for production in late 2009.