Forsys Metals Corp. and its subsidiary companies are engaged in the acquisition, exploration and development of mineral properties.

The Company’s principal focus has been on bringing its wholly owned Norasa Uranium Project (“Norasa”) into production. Norasa is the consolidation of the Valencia and Namibplaas Uranium Projects located in Namibia, Africa, a politically stable and mining friendly jurisdiction. Namibplaas is located 4.5km northeast of the Valencia deposit on the farm “Namibplaas 93” with a total surface area of 1,269 ha. The Exclusive Prospecting Licence (“EPL 3638”) for the Namibplaas uranium deposit has been renewed for a further two years until February 1, 2026. On November 3, 2025, the Company submitted a renewal application for EPL 3638 for a further 2 years until February 1, 2028. The Minerals (Prospecting and Mining) Act 33 of 1992 provides that if an EPL holder applies for a renewal before the expiry date, the EPL continues in force until the renewal application is approved or refused. The Valencia deposit site is fully licenced with a Mining Licence (ML149) to 2033.

Key results of the Norasa Project 2015 Definitive Feasibility Study (2015 DFS):
– 91M/Lb Uranium
– $622.6M NPV (Pre Tax)
– 32% IRR
– 5M/Lb Production per annum
Investor Highlights:
– Forsys flagship Norasa uranium project is one of the very few uranium projects in the world that is construction ready with a mining licence.
– The Company is well positioned to benefit from attractive mid and long-term sector dynamics.
– Namibia is the fifth largest uranium producing country globally, a mining-friendly jurisdiction with strong governmental support for the Norasa project and is a proven, low-cost producer of uranium.

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