Asarian Energy Limited · TSX:ARN
Asarian Energy — Forsys Metals — Investor Presentation (June 2026)
19 slides from Asarian Energy's investor presentation, Jun 15, 2026
Slide 1: Strategic Leadership Change to Drive Transformational Growth
Strategic Leadership Change to Drive Transformational Growth 15 JUNE 2026 forsysmetals.com 1 TSX:FSY
Slide 2: Forward-Looking Statements
Forward-Looking Statements The data contained in this presentation is provided for information purposes only. Certain information has been compiled from sources believed to be reliable. No information in this presentation is to be construed as an offer to buy or sell securities. The reader agrees to
Slide 3: Nuclear in Resurgence
Nuclear in Resurgence ❖ Massive growth in nuclear anticipated o 400GWe today to 600-800GWe by 2050 and heading to over 1000GWe post 2060 o World is energy starved and this will continue o Electrification moving to dominate the global energy system – domestic, commercial, industrial o World will need
Slide 4: Looming Supply Gap Challenges An Unprepared Sector
Looming Supply Gap Challenges An Unprepared Sector ❖ 2025 Supply vs. Demand o Supply from mining 175Mlb pa (UxC May’26) o Demand for reactor needs 205Mlb pa plus ~10Mlb inventory build-up and physical fund buying needs o Market deficit 42Mlb currently filled with secondary supply ❖ 2040/45 Supply vs
Slide 5: Forsys Performance Comparison 2021-2026
Indexed Price (Base = 100) forsysmetals.com 200 350 400 100 150 250 300 450 0 50 Jun 2021 Jul 2021 Aug 2021 Sep 2021 Oct 2021 Nov 2021 Dec 2021 Jan 2022 Feb 2022 Mar 2022 Apr 2022 May 2022 Jun 2022 Jul 2022 NexGen (NXE) Aug 2022 Sep 2022 Oct 2022 Indexed to 100 at June 2021 | Daily closing prices No
Slide 6: Capital Structure
Capital Structure Capital Structure Share Price Share Ownership MARKET CAP C$ 80.75M SHARE CAP SHARE PRICE @ 12 JUNE 2026 Retail /HNWI 244.7M issued C$ 0.33 Institutional 26% 42% 10.1M Options/PSUs 28.9M Warrants 52-week Trading Range CASH C$ 0.26 – C$ 0.78 C$ 19.7M (@31/3/26) Directors & DEBT Manag
Slide 7: Namibia: Well-Established Mining-Friendly Jurisdiction
Namibia: Well-Established Mining-Friendly Jurisdiction ❖ 3rd largest global producer after Kazakstan & Canada o 2nd largest producer cumulatively over last 45 years o 5th largest uranium resource globally ❖ Stable and low risk jurisdiction with strong regulation o Focused on mining o Fair tax and lo
Slide 8: Current Project Status - Valencia And Namibplaas Deposits
Current Project Status -Valencia And Namibplaas Deposits NORASA URANIUM PROJECT ❖ ML 149 Valencia: o 25-year licence valid to June 2033 o Renewable in 15y increments ❖ EPL 3638 Namibplaas: o 2-year licence expired February 2026 o EPL remains valid while renewal application is being processed ❖ Envir
Slide 9: Norasa Project Overview
Norasa Project Overview ❖ One of the largest uranium provinces in the world, hosting 3 operating uranium mines One of World’s Largest Permitted ❖ 100% owned deposits at Valencia and Undeveloped Uranium Projects Namibplaas (±5km apart) ❖ Permitted to commence operations at Valencia (25y Mining Licens
Slide 10: Strategy Moving Forward
Strategy Moving Forward Implementation of a value creation strategy to deliver both growth and enhanced shareholder value ❖ Advance the Company’s wholly-owned Norasa Uranium Project for development readiness ❖ Commence concurrent evaluation for strategic mergers and acquisitions (M&A) to establish a
Slide 11: New Leadership Possesses Both Calibre and Differentiation
New Leadership Possesses Both Calibre and Differentiation ❖ Highly experienced and successful management strategically focused on growing Forsys into a global uranium enterprise ❖ Proven leadership produced exceptional outcomes and success at Paladin and Deep Yellow ❖ John Borshoff to be appointed P
Slide 12: Objectives Of The Incoming Management
Objectives Of The Incoming Management ❖ Proceed with a vision for growth beyond the current limited project footprint ❖ Apply the proven approach that has been so effective in the past ❖ Establish a rejuvenated uranium entity aiming to become globally significant ❖ Exploit opportunities for growth i
Slide 13: Current Board and Expected Changes At July AGM
Current Board and Expected Changes At July AGM Martin Rowley, Chairman (since 2007) JorgeEstepa, Director(since 2015)&CorporateSecretary (since 2004) ▪ Over45yearsexperience in mining companies and projects globally ▪ Over 30years experiencewithnumerous Canadian publiclytradedmineralresource ▪ Co-Fo
Slide 14: Namibia Team
Namibia Team Christian Knobloch, Finance and Administration Manager Hafeni Hiveluah, EPL/ML Admnistrator ❑ Supply sector has huge challenges to overcome if it is to properly support the growing nuclear demand ▪ Geoscientist with over 21 years of experience in multiple leading ▪ B Comm (Hons) Managem
Slide 15: Conclusions
Conclusions ❖ Supply sector has huge challenges to overcome if it is to properly support the growing nuclear demand ❖ Forsys is poised to become an important part of what is required to help move a beleaguered supply sector eventually into positive territory ❖ Bringing together a new management with
Slide 16: Contact Information
Contact Information John Borshoff, Interim President john.borshoff@forsysmetals.com Richard Parkhouse, Forsys Investor Relations ▪ info@forsysmetals.com ▪ rparkhouse@forsysmetals.com Greg Taylor, Investor Relations gtaylor@g-tinvestorrelations.com forsysmetals.com 16 TSX:FSY
Slide 17: Appendix: Mineral Resources
Appendix : Mineral Resources forsysmetals.com 17 TSX:FSY
Slide 18: Mineral Resources Estimate – May 2024
Mineral Resources Estimate – May 2024 Mass Average Grade Material Content Contained Metal U Class Deposit Mt eU3O8 U3O8 tonnes (metric) (ppm) Mlbs Valencia East Valencia Main 7.6 171 2.9 1,099 Measured Namibplaas Norasa 7.6 171 2.9 1,099 Valencia East Valencia Main 144.3 134 42.6 16,368 Indicated Na
Slide 19: Thank you
Thank you forsysmetals.com 19 TSX:FSY