Forsys Metals Announces Strategic Leadership Change to Drive Transformational Growth

Forsys Metals Corp. (TSX:FSY) - Management Overhaul Brings Tier-1 Developer to Undervalued, Permitted Single Asset - Research Portal

Forsys has announced a proposed leadership change, naming uranium veteran John Borshoff as interim President effective immediately, and intends to appoint him as President, CEO, and Executive Director following the July 31, 2026 AGM (subject to approvals). We view this as one of the most important catalysts over the past couple of years. Borshoff and his team have twice built multi-billion-dollar uranium developers in Namibia, and their arrival repositions Forsys from a single low-grade asset toward a potential multi-project developer / producer, pending additional M&A. The asset hasn’t changed -  Norasa remains a large, fully permitted, low-grade bulk-tonnage deposit whose economics hinge on grade enhancement via ore-sorting and HPGR, higher recoveries, and capex discipline. However, Forsys' execution capability and capital markets experience would improve dramatically under this team, alongside uranium prices far stronger than the historical DFS. With FSY near 52-week lows and trading at an EV/lb of just US$1.03, a 48% discount to peers at US$1.97, we believe that the management change alone may help close the valuation gap.

Forsys Metals Announces Strategic Leadership Change to Drive Transformational Growth

Toronto, Ontario--(Newsfile Corp. - June 15, 2026) - Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) ('Forsys' or the 'Company') is