The SPA, which is subject to regulatory approval and shareholder approvals, comes after the heads of agreement on 4 April.
Under the terms, Forte will issue 915,937,500 fully paid ordinary shares, C$1,000,000, and a 1% production royalty over the Kuriskova and Novoveska Huta uranium licenses to European Uranium.
This sale represents European Uranium Resources’ only remaining mineral projects.
The Kuriskova uranium deposit comprises 32km² of mineral licenses located 10km northwest of Kosice in East-Central Slovakia. The Novoveska Huta uranium is located at the western end of the Carpathian uranium belt, about 50km northwest of Kuriskova.
European Uranium Resources plans to option or acquire mineral projects in multiple commodities in the general European area and will use initial funding to implement its business plan.
