Announcement • Apr 29
Forsys Metals Corp., Annual General Meeting, Jun 30, 2026 Forsys Metals Corp., Annual General Meeting, Jun 30, 2026. New Risk • Mar 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (CA$78.3m market cap, or US$56.3m). Announcement • Jan 16
Forsys Metals Corp. Reports Further Drilling Results from Its Extension and Exploration Drilling Program At the Valencia Deposit Forsys Metals Corp. announced further drilling results from its extension and exploration drilling program at the Valencia deposit (under ML 149), part of the Company's Norasa Uranium project. The drilling program's objective is to expand mineral resources within and adjacent to the Valencia main pit. A further 960 metres ("m") of processed downhole gamma survey results and 8,519 ICP assay results have been logged and processed since the Company's September 2, 2025 news release. The results obtained on mineralised intercepts for the Valencia main and satellite deposits are reported below. Uranium intercepts have been logged, both in the infill drilling and in the resource extension drilling programs. The drilling is intended to improve the definition of the orebody, providing additional information for pit optimisation and mine planning. Highlights are as follows: Valencia Main Pit: Infill drilling has focused on the Valencia Main deposit, aiming to expand the Valencia Main resource and upgrade the resource classification. Infill drilling had the objective to move the resource into the Indicated and Measured categories. Since 2024, 17,532 m has been completed in 209 drill holes at Valencia Main. Results received since September 2, 2025 include drillhole VA24-127 with 64 m from surface to 64 m depth averaging 333 ppm U3O8. These new results continue to highlight the strong potential to enhance both tonnage and grade at Valencia. Valencia South: Drilling tested the down-plunge extension to the south of the Valencia Main deposit with the objective of increasing and upgrading the Indicated resource in this portion of the Valencia main deposit. Encouraging results have been obtained so far. Recent drilling includes borehole VA25-289 intersecting 32 m averaging 168 ppm eU3O8 from 90 m to 122 m followed by three more intersects of 7 m averaging 156 ppm eU3O8, 13 m grading 419 ppm U3O8 and 53.9 m grading 385 ppm U3O8, between 212 m and 304 m depth, the latter two intercepts being laboratory assays (ICP-MS). Valencia West: Results have been obtained at Valencia West where seven boreholes have been completed since February 2025 for a total of 1,067 m. ICP assay results received since September 2025 include the following highlights: 315 ppm U3O8 over a 9.01 m interval in drillhole VA25-288 and 5 m grading 682 ppm U3O8 in borehole VA25-292. The drilling intersected additional uranium mineralization down dip, along strike and near surface, establishing a link with the Valencia Main resource. The drill spacing is believed to be sufficient for this zone to be classified within the existing Indicated Resource, potentially extending the Valencia Main pit by approximately 150 m to the west. The Jolie Zone satellite mineralization is located about 600 m north of the Valencia Main resource. 24 boreholes totaling 3,505 m have been completed since February 2025. Drilling identified two sub-parallel mineralised intrusions, approximately 50 m from each other. Assay results received since September 2025 include 263 ppm U3O8 over an 5 m interval and a further 736 ppm U3O8 over 11 m in drillhole VA25-273. Interpretation of these results indicates a continuity of mineralization, which is significant since it enhances the potential for additional mineral resources. Mineralization is inferred over a strike length of approximately 350 metres at the Jolie Zone. The Valencia East satellite deposit generated encouraging results from the recent drill campaign. 35 boreholes, totaling 3,838 m, have been drilled since 2024, including both infill and extension drilling of the historical resource. Assay results received Since September 2025 include two intersections in drillhole VA25-302 which returned 207 ppm U3O8 over the 9 m interval, followed by 30.6 m grading 186 ppm U3O8. Borehole VA25-284. 
