(MENAFN- ProactiveInvestors)Forte Energy (LON:FTE) shares boomed 18.75% higher to 0.0905p in early deals as it updated on the situation with its Kuriskova uranium deposit in Slovakia. As revealed in April the firm along with its 50%-owned joint venture had applied for a new exploration licence overprinting the area as the current 10-year licence was running out but the authorities indicated they would deny it. Today Forte said the new application was still being processed by the Slovak Ministry of the Environment. "To the company's knowledge the application is compliant with all relevant aspects of the Geology Act. The Company will update the market further when it receives a formal response from the Ministry."
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