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Asarian Energy Limited (formerly Forsys Metals Corp.)

Asarian (ex-Forsys)DeveloperListedHQ Toronto, Canada

Profile

Asarian Energy, renamed from Forsys Metals Corp. with effect from 12 August 2026 (TSX symbol ARN), is focused on bringing its wholly owned Norasa uranium project in Namibia into production. Norasa combines the Valencia deposit, fully licensed under Mining Licence ML149 valid to 2033, and the Namibplaas deposit on EPL 3,638 (renewal to 2028 applied for in November 2025). The company's definitive feasibility study cites 91 Mlb of uranium, 5 Mlb per year of production, a pre-tax NPV of US$622.6 million and a 32% IRR. John Borshoff, founder of Paladin Energy and Deep Yellow, was appointed CEO in August 2026.

Source: Forsys/Asarian name-change release (effective 12 Aug 2026); forsysmetals.com; stockanalysis.com, 9 Oct 2026 · confidence medium

Production

Resource headline
DFS: 91 Mlb U3O8, 5 Mlb/yr, pre-tax NPV US$622.6M, IRR 32% (forsysmetals.com; category and date not stated)
As of
9 Oct 2026
Source: Forsys/Asarian name-change release (effective 12 Aug 2026); forsysmetals.com; stockanalysis.com, 9 Oct 2026 · confidence medium

Key projects

Key projects from the company record; a map link appears where the project id is in a map dataset.
ProjectCountryStageNoteMap
Norasa (Valencia + Namibplaas)NAMFeasibility studyconstruction-ready with mining licence per companyopen on the map

Deals

No deal recorded for this company (as of 9 Oct 2026). All deals.

Documents

No documents captured.

Chart

TradingView symbol: TSX:ARN
Market cap, USD
n/a
Market cap, local
100.34 m CADas of 8 Oct 2026 · stockanalysis.com

Asarian Energy Limited (formerly Forsys Metals Corp.)TSX:ARN

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Symbol: checked on TradingView, 10 Oct 2026. Primary listing (TSX:ARN); verified via symbol page and screener, 10 Oct 2026; screener names it 'Asarian Energy Limited' (stock); NSX:FSY symbol page answered 404; FSE:F2T FWB:F2T: symbol page answered 404.

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