U92 Energy Corp. · TSXV:UTWO
U92 Energy — Investor Presentation (July 2026)
32 slides from U92 Energy's investor presentation, July 2026
Slide 1: Advanced Exploration Project in Guyana
Advanced Exploration Project in Guyana Investor Presentation July 2026 U92 Energy Corp | TSXV:UTWO
Slide 2: Disclaimer
DISCLAIMER This presentation, as supplemented or amended from time to time, is for information purposes only and does not constitute an DISCLOSURE FOR MINERAL PROJECTS: In this presentation, the definitions of proven and probable mineral reserves, and offer to sell or a solicitation of an offer to b
Slide 3: Guyana: A Strategic Mining Jurisdiction
3 Guyana A Strategic Mining Jurisdiction Shear-hosted mineralisation Exploration targets associated Uranium mineralisation hosted with regional-scale magmatic with structures mineralized by within demagnetized shear body comprised predominantly late-stage magmatic and/or zones identifiable as magnet
Slide 4: Guyana Resource Sector
4 Guyana Mining and Oil & Gas support export Resource Sector earnings & regional employment MAJOR COMMODITY INVESTMENTS ▪ Zijin Mining (USD $350M) ▪ G Mining (USD $4B) ▪ Exxon Mobil (USD $50B) SECTOR TRENDS Emergence of base and critical metals highlighting the prominence of Guyana as a global resou
Slide 5: Executive Management and Directors
EXECUTIVE MANAGEMENT 5 AND DIRECTORS ▪ Experienced management and board ▪ Strong uranium track record ▪ Qualified Person and technical governance ▪ Disciplined milestone-driven execution Adam Clode Jonathan Wiesblatt Dr. Richard Spencer Ross McElroy Amb. Otto J. Reich CEO & Executive Non-Executive D
Slide 6: Capital Structure
6 CAPITAL STRUCTURE CORPORATE DETAILS CAPITAL STRUCTURE Company U92 Corp. Share Price $0.40 Listing TSX Venture Common Shares 43,860,488 Ticker UTWO Options 3,534,679 Incorporation Ontario, Canada, December 13, 2024 Warrants 10,410,640 Registration 1001090565 Fully Diluted 57,805,807 Property Kurupu
Slide 7: Investor Highlights
7 Historic MRE – 10.6Mlb Ind + 10.0Mlb Inf * Significant Exploration Upside - 92km2 Investor Highlights 129,000m of Historic Drilling 88,000m Diamond Drill Core on-Site MRE Update 2026 (Pit Constrained) - WGM +5,000m Drill Program Starting Q3, 2026 2nd Fastest Global Economy: GDP +19% ** Valuation D
Slide 8: A Clear Market Disconnect: Mispriced with Compelling Upside
A Clear Market Disconnect: Mispriced with Compelling Upside ▪ U92 Corp represents a rare valuation disparity on a tier-one asset ▪ High-grade positioning, and cost advantages materially disconnected from peer benchmarks ▪ Significant re-rating potential
Slide 9: Uranium Market Peer Valuations
9 URANIUM MARKET PEER VALUATIONS Market Cap. (C$M) Average (C$295M) Cautionary Note Regarding the Use of Comparables (source data in Appendix A): The above analysis outlines valuation multiples or “comparables” for certain publicly traded uranium companies (the “Peers”). Comparables are intended to
Slide 10: Uranium Market Peer Valuations
10 URANIUM MARKET PEER VALUATIONS EV/MI&I (US$/lb U3O8) – Current Resources Average (US$/lb $2.46) Cautionary Note Regarding the Use of Comparables (source data in Appendix A): The above analysis outlines valuation multiples or “comparables” for certain publicly traded uranium companies (the “Peers”
Slide 11: Uranium Market Peers & Valuation
11 URANIUM MARKET PEERS & VALUATION Cautionary Note Regarding the Use of Comparables (source data in Appendix A): The above analysis outlines valuation multiples or “comparables” for certain publicly traded uranium companies (the “Peers”). Comparables are intended to permit investors to assess the r
Slide 12: Poised for Immediate Growth: Geology Extends Beyond Current Resource
Poised for Immediate Growth: Geology Extends Significantly Beyond Current Resource – Drilling Underway ▪ Mineralisation open in all directions ▪ Large-scale structural corridors and continuous mineralization from surface
Slide 13: U92 License Area Magnetic Low Corridors
13 U92 LICENSE AREA MAGNETIC LOW CORRIDORS Location of deposits (Aricheng North, C, West and South) with other targets drilled • All uranium mineralization encountered to date is in magnetic low corridors that trend from East to West across the licenses (white dashed lines) • Gap of 5km along each m
Slide 14: Highly Prospective Uranium System
14 HIGHLY PROSPECTIVE URANIUM SYSTEM EASTERN LICENSE HOSTS *Historical Indicated Resource of 10.6Mlbs and Historical Inferred Resource of 10Mlbs U3O8 at an average grade of 0.07% U3O8 with 0.03% cut-off (limited to four Aricheng Deposits) with further resource upside potential (1) HISTORIC RESOURCES
Slide 15: Significant Drilling Intercepts
15 SIGNIFICANT DRILLING INTERCEPTS WESTERN LICENSE EASTERN LICENSE Over 9,000m of historic drilling across multiple target areas with Over 5,000m of additional historic drilling across multiple target areas with significant intercepts not included in the historical resource estimate significant inte
Slide 16: Project Comparison
16 PROJECT COMPARISON Kurupung: compelling opportunity to participate in the growth of a major U3O8 deposit U92 Corp, Kurupung Paladin, Michelin** IsoEnergy, Coles Hill*** Michelin (Paladin) Land Package 92.2 km2 983 km2 12 km2 Location Guyana Canada U.S.A. Historical: Historical Historical Total Re
Slide 17: Clear Steps to Grow Resource Base
17 CLEAR STEPS TO GROW RESOURCE BASE Multiple untested targets with confirmed uranium mineralization Aricheng West Historical Indicated: 1.902Mlbs @ 0.064% U₃O₈ Historical inferred: 5.376Mlbs @ 0.061% U₃O₈ 7 hard rock & one near-surface Accori North C saprolite target with uranium intercepts from sc
Slide 18: Exploration / Discovery Costs
18 EXPLORATION / DISCOVERY COSTS U92 Advantage: Low-Cost Exploration and Predictable Geology in Competent Hard Rock Granite Aricheng North (first target drilled): 115 holes / 18,000 m for drilling cost of USD $2.52M Discovered 3.409 Mlbs Total cost to discover 1.0Mlbs = USD $739,000 Aricheng C (four
Slide 19: Kurupung Uranium 2026 Work Program
19 KURUPUNG URANIUM 2026 WORK PROGRAM Q2 2026 Q3 2026 Q4 2026 Q1 2027 MILESTONE Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Finalize Phase 1 Exploration Plan Camp Construction + Infrastructure Core re-Org + Sampling Preparation Mobilize Drilling Contractor Phase 1 Diamond Drilling (5,000m) Core
Slide 20: Thank You
Thank You Adam Clode CEO & Executive Chairman info@u92corp.com TSXV:UTWO
Slide 21: Technical Slides
TECHNICAL SLIDES
Slide 22: Follow Ore Shoots Below Existing Deposits
22 FOLLOW ORE SHOOTS BELOW EXISTING DEPOSITS From Figure 7-5 of the Technical Report From Figure 7-10 of the Technical Report ▪ The mineralisation at ▪ The original 2009 historical mineral ▪ Shallow drilling and/or ▪ The mineralisation at Aricheng Aricheng North is comprised resource estimate over t
Slide 23: Follow Ore Shoots Below Aricheng South
23 FOLLOW ORE SHOOTS BELOW ARICHENG SOUTH Section line 50m Long Section through the mineralized vein Cross Section through the mineralized vein
Slide 24: Planned Drill Holes Aricheng South
24 PLANNED DRILL HOLES ARICHENG SOUTH
Slide 25: Accori North B & C Mineralised Shoots
25 ACCORI NORTH B & C MINERALISED SHOOTS
Slide 26: Planned Drill Holes Accori North C
26 PLANNED DRILL HOLES ACCORI NORTH C
Slide 27: Disparity Between: Grade & Production Costs
27 DISPARITY BETWEEN: GRADE & PRODUCTION COSTS Production Cost vs Grade - Athabasca Basin vs Emerging Markets (Namibia)
Slide 28: Appendices
APPENDICES
Slide 29: Appendix A
29 18 APPENDIX A 1. Attributable resources are calculated based on the expected ownership of the applicably property by the owner, taking into consideration any other 3rd party interests in the property 2. Attributable resources are calculated using historical resource estimates and may not be compl
Slide 30: Bannerman Resources Ltd.
30 18 Bannerman Resources Ltd. Primary JORC Technical Report, Etango-8 Definitive Feasibility Study (DFS), 12.2022 www.bannermanenergy.com “Etango-XP and Etango-XT Scoping Study” with an effective date of March 18, 2024 Berkeley Energia Ltd. Primary JORC Technical Report 2012, Berkeley Annual Report
Slide 31: IsoEnergy Ltd.
31 18 IsoEnergy Ltd. isoenergy.ca, The historic estimate prepared by Explormine consultants under direction of Douglas Beahm, PE,PG using block models utilizing ordinary kriging to interpolate grades into each block. “Technical Report on the Tony M Mine, Utah, USA – Report for NI 43-101” with an eff
Slide 32: Production Grade Sources
32 18 Production Grade Sources: Gryphon Deposit (DML/CCJ) Development, Canada, Underground, Grade: 1.7000%, AISC: 25.47 USD/lb - https://denisonmines.com/projects/wheeler-river-project/phoenix/ Cigar Lake Mine (CCJ) Operating, Canada, Underground, Grade: 16.3300%, AISC: 21.12 USD/lb - https://www.ca