Azincourt Energy Corp · TSXV:AAZ
Azincourt Energy — Investor Presentation (February 2026)
24 slides from Azincourt Energy's investor presentation, Feb 24, 2026
Slide 1: Advanced Uranium Exploration & Development in Canada's Central Mineral Belt and Athabasca Basin
ADVANCED URANIUM EXPLORATION & DEVELOPMENT IN CANADA’S CENTRAL MINERAL BELT AND ATHABASCA BASIN TSX.V: AAZ OTC: AZURF FSE: A0U2
Slide 2: Azincourt Energy – Investment Highlights
AZINCOURT E NERGY – INVE STMENT HIGHLIGHTS Two District-Scale Land Positions in Two Tier 1 Canadian Uranium Belts Exposure to both Labrador’s Central Mineral Belt and Saskatchewan’s Athabasca Basin – two of the world’s most prospective uranium jurisdictions. Harrier Project: High-Grade Discovery wit
Slide 3: Strategic Uranium Exploration in Canada
AZINCOURT E NERGY – STRATE GIC URANIUM E XPLORATION I N CANADA ▪ Azincourt Energy specializes in the strategic acquisition, exploration, and ▪ Canada, as development of clean energy/fuel projects. Our focus is on advanced but the world’s under-explored uranium projects with significant upside potent
Slide 4: The Uranium Supply Gap – Why Uranium, Why Now?
THE URANIUM SUPPLY GAP – WHY URANIUM, W HY NOW? ▪ Global energy demand is Fig 1 ▪ After the Declaration to Triple Nuclear Energy was formed at COP28 and increasing rapidly, driven joined by 31 nations including the US, Canada and the UK, the number of by population growth, the global nuclear reactor
Slide 5: Leadership Team
LEADERSHIP TEAM Alex Klenman C. Trevor Perkins, P.Geo Paul Reynolds, P.Geo John Fraser President, CEO & Director VP of Exploration Director Director ▪ Experienced junior mining ▪ Geologist with 30+ years ▪ Geoscientist with 30+ years ▪ 20+ years experience in the executive with 30+ years in explorat
Slide 6: Project Portfolio – Harrier Uranium Project
Harrier Uranium Project – Central Mineral Belt, Newfoundland and Labrador, Canada ▪ Azincourt acquired the Harrier PROJECT Uranium Project in Canada’s PORTFOLIO highly prospective Central Mineral Belt in Oct 2024. ▪ 49,400 hectares covering Centra l 14 mineralized uranium zones, including grades Min
Slide 7: The Harrier Project: Jurisdiction – Central Mineral Belt, NL
THE HARRI ER PROJE CT: JURI SDI CTI ON – CE NTRAL MI NERAL BELT, NL ▪ Tier 1, World-Class District: The Central Mineral Belt in Canada’s Newfoundland & Labrador province is a 260km X 75km belt of proven mineral occurrences SNEGAMOOK DEPOSIT containing multiple large-scale uranium deposits, including
Slide 8: The Snegamook Deposit – Overview
THE SNEG AM OOK DE POS IT – OVERVIE W THE SNE GA M OOK PRO JE CT – OV E RV I EW Advanced Project with potential for new discoveries ▪ 3 km along strike and southeast of the Two Time Zone deposit (Indicated and Inferred resource of 5.55 Mlb U3O8, June 2008). ▪ Previous exploration work by Silver Spru
Slide 9: The Harrier Project – Historical High-Grade Uranium
THE HARRI ER PROJE CT – HI STORI CAL HIGH-GRADE URANI UM THE SNE GA M OOK PRO JE CT – OV E RV I EW Previous exploration (Koba Resources, Uranidor Resources) identified 12 uranium mineralization zones throughout the project, including: ▪ Fish Hawk North: up to 5.08% U₃O₈ ▪ Brook: up to 4.86% U₃O₈ ▪ M
Slide 10: The Harrier Project – High-Grade Uranium Confirmed & Expanded
THE HARRI ER PROJE CT – HI GH-GRADE URANI UM CONFI RM ED & E XPANDE D THE SNE GA M OOK PRO JE CT – OV E RV I EW Assays from Azincourt’s summer 2025 prospecting program confirmed Boiteau North Ext. historical high-grade uranium and identified two new showings: ▪ Re-sampling of the Snegamook Deposit c
Slide 11: The Snegamook Deposit – Geology of Uranium Mineralization
THE SNEG AM OOK DE POS IT – GEOLOGY OF URANIU M MI NERALIZATI ON THE SNE GA M OOK PRO JE CT – OV E RV I EW ▪ Four mineralized uranium lenses were discovered at ▪ Zones appear to be disrupted to the south ▪ Two drill holes (SN-08-18 and SN-08-20) tested a radon Snegamook in 2008. The lenses are shall
Slide 12: The Snegamook Deposit – Summary of Previous Exploration
THE SNEG AM OOK DE POS IT – SU MM ARY OF PREV IOUS EX PLORATION THE SNE GA M OOK PRO JE CT – OV E RV I EW ▪ Silver Spruce Resources conducted airborne radiometric and magnetic surveys, follow-up prospecting, lake sediment and soil sampling, radon gas surveys, geological mapping, trenching, and diamo
Slide 13: The Harrier Project & Snegamook Deposit – Exploration Plan
THE HARRI ER PROJE CT & SNE GAMOOK DE POSIT – 20 2 6 E XPLORATION PLAN THE SNE GA M OOK PRO JE CT – OV E RV I EW ▪ Exploration at the Harrier Project has included rock sampling, airborne radiometric surveys, and limited drilling. No exploration work had been conducted at the Snegamook Zone since 200
Slide 14: The Harrier Project & Snegamook Deposit – Exploration Plan 2026
THE HARRI ER PROJE CT & SNE GAMOOK DE POSIT – EX PLORATI ON PLAN 20 26 THE SNE GA M OOK PRO JE CT – OV E RV I EW ▪ Diamond drilling at Snegamook Deposit to prepare an NI 43-101 Maiden Resource Estimate. ▪ Detailed geological and structural mapping of the mineralized system at Boiteau Lake in prepara
Slide 15: Project Portfolio – East Preston Uranium Project
East Preston Uranium Project – Athabasca Basin, Saskatchewan, Canada PROJECT ▪ Azincourt controls the majority interest (~87%) in the 20,674-ha PORTFOLIO project, situated in the western Athabasca Basin, Saskatchewan, in an area containing over $20B in market cap. Atha ba sca Basin ▪ Project is loca
Slide 16: East Preston Project: Jurisdiction – Athabasca Basin, SK
EAST PRESTON PROJECT: JURISDICTION – ATHABASCA BASIN, SK THE SNE GA M OOK PRO JE CT – OV E RV I EW ▪ World-Class District: The largest, highest grade, uranium deposits in the world with up to 100 times world average ▪ Production History: Uranium mining and production for 40+ years ▪ Stable Political
Slide 17: East Preston Project – Overview
EAST PRESTON PROJECT – OVERVIE W THE SNE GA M OOK PRO JE CT – OV E RV I EW Highly prospective grassroots uranium Western Athabasca: Area Market Caps exploration project. Azincourt has conducted significant exploration work: ▪ NexGen Energy - $5.3B CDN ▪ Orano (Areva) - $1.99B USD** ▪ Airborne Geophy
Slide 18: East Preston Project – Summary of Early Drilling
EAS T PRES TON PROJECT – SU MM ARY OF EARLY DRILLI NG THE SNE GA M OOK PRO JE CT – OV E RV I EW Limited drilling (2014-2021) ▪ 5,743 m completed in 24 drill holes during several small programs over an eight-year period ▪ Limited drilling confirmed: ▪ Elevated uranium ▪ Favorable basement lithologies
Slide 19: East Preston Project – 2022 and 2023 Drill Programs
EAST PRESTON PROJECT – 202 2 and 2023 DRILL PROGRAMS THE SNE GA M OOK PRO JE CT – OV E RV I EW ▪ 8,070 m completed in 32 drill holes: ▪ Hydrothermal clay alteration identified in K- and H-Zone. ▪ K-Zone: Extensive dravite, illite and kaolinite clay alteration confirmed, alteration zone extends to a
Slide 20: East Preston Project – 2024 Winter Drill Program
EAST PRESTON PROJECT – 202 4 W INTER DRILL PROGRAM THE SNE GA M OOK PRO JE CT – OV E RV I EW ▪ 1,086m completed in four drill holes: ▪ K-Zone: Anomalous uranium enrichment and clay alteration confirmed and expanded. ▪ H-Zone: Alteration halo now extends to 3 km strike length. ▪ Regional Illite clay
Slide 21: East Preston Project – Significance of Alteration
A D V A N C E D U R A N I U M EAST PRESTON E X P L O R A T T I O N PROJECT Si gni fica nce of & Alteration D E V E L O P M E N T I N C A N A D A 21 A z i nc o ur t En e r gy | T S XV : A AZ O T CQ B : A Z UR F | F S E : A 0 U2 | A DV A NCE D URA NIUM E X PL O RA T IO N & DEV E LO P ME NT IN CA NAD A
Slide 22: Capital Structure
CAPITAL STRUCTURE THE SNE GA M OOK PRO JE CT – OV E RV I EW A D V A N C E D Capitalization Table Major Shareholder Ownership U R A N I U M Common Shares 106,679,658 Warrants 61,315,107 E X P L O R A T T I O N Options 1,643,333 30% 50% Institutional RSUs 166,666 Retail Fully Diluted 169,804,764 & D E
Slide 23: Disclaimer & Forward-Looking Statement
DISCLAIME R & FORWARD -LOOKI NG STATEME NT This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities in Azincourt Energy Corp nor shall it or any part of it form the basis of or be relied on in connection with or act
Slide 24: Corporate Communications Contact
Suite 1430 – 800 West Pender Street Vancouver, B.C. V6C 2V6 Corporate Communications Danica Topolewski (604) 638-8063 info@azincourtenergy.com azincourtenergy.com azincourtaaz azincourtenergy TSX.V: AAZ OTC: AZURF FSE: A0U2
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