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 weeks after the company – which is dual listed on the Australian Stock Exchange (ASE) as well as AIM – announced that trading had halted on the ASE.

On February 5th, the company said ‘advanced negotiations are continuing on a number of different transactions’.

Forte is focused on the exploration, development and evaluation of uranium and energy-relarted projects. It has a portfolio of projects in the Republics of Guinea and Mauritania in West Africa.

Its share price was up 4.58% to 2.51p at 10:38 on Monday.

MF