North Shore Uranium Ltd · TSXV:NSU
North Shore Uranium — Investor Presentation (February 2026)
27 slides from North Shore Uranium's investor presentation, Feb 24, 2026
Slide 1: North Shore Uranium Ltd corporate presentation
TSXV: NSU February 24, 2026 . NORTH SHORE URANIUM LTD www.northshoreuranium.com
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Disclaimer This presentation (“Presentation”) is a summary description of the business of North Shore Uranium Ltd. (“North Shore” or the “Company”) and does not purport to be complete. It is not an advertisement, solicitation, or offering of securities in any jurisdiction
Slide 3: Summary
SUMMARY Global interest in nuclear energy continues to grow as a reliable and clean source of electricity with no CO2 emissions. • Nov. 2024 COP29 declaration to triple nuclear power by 2050 was endorsed by 31 countries including the USA and Canada • Recent “high-tech” commitments to nuclear power,
Slide 4: North Shore Uranium Team
NORTH SHORE URANIUM TEAM DIRECTORS MANAGEMENT, ADVISORS and KEY INVESTORS Brooke Clements Brooke Clements (President, CEO) Geologist with +35 years President and CEO, experienced mining executive. industry experience, President Peregrine Diamonds (2007-2015), Senior Vice President Peregrine Metals (
Slide 5: Capital Structure
CAPITAL STRUCTURE SHARE CAPITAL SUMMARY Shares outstanding 88,454,730 Share price (TSXV:NSU) C$0.245/share Market capitalization C$21.7M Warrants/options/fixed awards 23,974,106 Fully diluted 112,428,836 1) As at February 24, 2025 Proposed 2026 drill site at Rio Puerco Insiders hold approximately 13
Slide 6: Rio Puerco Project, New Mexico: Overview
RIO PUERCO PROJECT, NEW MEXICO: OVERVIEW ● The Rio Puerco project consists of 83 Bureau of Land Management claims ● Located 60 km northwest of Albuquerque, New Mexico in the Grants Uranium District, the largest historical uranium producer in the United States ● Option agreement with Resurrection Min
Slide 7: Rio Puerco Project: History
RIO PUERCO PROJECT: HISTORY • Uranium discovered at the eastern edge of the Grants Uranium District by “wildcat” drilling in 1968 • Kerr-McGee Corporation (“Kerr-McGee”) drilled over 1,100 exploration holes at Rio Puerco and vicinity in the 1960s and 1970s and “ore reserves” as defined by Kerr- McGe
Slide 8: Rio Puerco Project: Historical Resource
RIO PUERCO PROJECT: HISTORICAL RESOURCE Rio Puerco Historical Resource Estimate (the “Historical Resource”) • In 2009, Monaro Mining NL (“Monaro”) completed an independent geological review and resource estimate for Rio Puerco using exploration data generated by Kerr-McGee in the 1960s and 1970s. Th
Slide 9: Rio Puerco Historical Resource Drilling
RIO PUERCO HISTORICAL RESOURCE DRILLING • All of the uranium mineralization in the Rio Puerco Historical Resource lies in section 18 • Kerr-McGee drilled approx. 800 holes in section 18 • North Shore’s block of 83 BLM claims includes portions of adjacent sections 24, 17 and 20 where uranium minerali
Slide 10: Cross-Section 18-005
CROSS-SECTION 18-005 • Interpretative Cross-section 18-005 at Rio Puerco (see previous slide). • Zones of uranium mineralization based on interpretation of historical data in red, historic drill holes are black and potential “twin” drill holes to validate historical data are in purple. NORTH SHORE U
Slide 11: Historical Resource Estimate
HISTORICAL RESOURCE ESTIMATE Limitations of Historical Resource Estimates The historical resource at Rio Puerco outlined in this presentation has not been verified and should not be relied upon. It is a historical estimate and not current and does not comply with Canadian NI 43-101 guidelines for th
Slide 12: Rio Puerco Project: North Shore Goals
RIO PUERCO PROJECT: NORTH SHORE GOALS • North Shore plans to work towards defining a NI 43- 101-compliant uranium resource by: • Validating historical data • Preparing geological models emphasizing the previously defined uranium mineralization • Formulating systematic drill programs aimed at verifyi
Slide 13: Rio Puerco Proposed 2026 Drill Sites
RIO PUERCO PROPOSED 2026 DRILL SITES 260 m vertical mine shaft developed by Kerr-McGee in the 1970s NORTH SHORE URANIUM LTD. Photographs by Brooke Clements, February, 2026 13
Slide 14: Rio Puerco Project: Option Agreement
RIO PUERCO PROJECT: OPTION AGREEMENT Highlights of the Rio Puerco Option Agreement • North Shore option to earn up to an 87.5% interest in Rio Puerco from Resurrection Mining LLC over a five- year term • Milestone 1: $125,000 cash payment and issuance of 7,483,000 common shares of the Company, 9.99%
Slide 15: Athabasca Basin Overview
ATHABASCA BASIN OVERVIEW The Company’s Falcon and West Bear properties with established uranium cover over 53,500 ha at the eastern margin of the Basin, Falcon and West Bear, are near: • Two active mines that account for 100% of Canada’s uranium production, Cigar Lake and McCarthur River • Operating
Slide 16: Athabasca Basin Uranium Mineralization Model
ATHABASCA BASIN URANIUM MINERALIZATION MODEL Cross-section from Historic Key Lake Mine, Saskatchewan At the Key Lake Mine, which closed in 2002 and is located 30 km west of Falcon and 110km southwest of West Bear, unconformity-associated uranium ore was mined. Uranium at Key Lake is spatially relate
Slide 17: Falcon Property: Overview
FALCON PROPERTY: OVERVIEW 14 claims, 49,580 hectares • 100% ownership of 4 claims (12,791 ha) • Option to earn up to a 100% in 11 claims (36,789 ha) by October 2027 from Skyharbour Resources Ltd. • Exploration Agreement with the English River First Nation announced March 2025 Excellent Access and In
Slide 18: Falcon: Historic Work
FALCON: HISTORIC WORK • 1960s to 2000s, exploration programs included airborne surveys, prospecting and limited drilling • Multiple “radioactive boulders” and uranium showings discovered • 2006, 2007 and 2013 high-resolution, heli- borne electromagnetic and magnetic surveys cover +90% of property •
Slide 19: Falcon: 2024 Drill Targets – EM
FALCON: 2024 DRILL TARGETS – EM 3 targets drilled in March 2024 in areas with no previous drilling. Near-surface U mineralization at P03 and P08, P12 abandoned at 107 m due to unstable ground conditions. For drill program results see May 16, 2024, news release. P03 Sample Results 1) NAR=no anomalous
Slide 20: Falcon: Drillhole FN24002 (Target P08)
FALCON: DRILLHOLE FN24002 (TARGET P08) Anomalous Uranium U3O8 (ppm)1 From To Interval Interval Max. (m) (m) (m) Value Value 34.0 40.6 NAR 51 40.6 41.2 0.5 103 103 Pegmatite-rich brittle 41.2 42.3 NAR 98 fault zone 42.3 47.0 4.7 316 572 47.0 67.6 NAR 49 67.6 68.4 0.8 110 110 68.4 69.4 NAR 22 69.4 71.
Slide 21: Falcon: Target Selection and Prioritization
FALCON: TARGET SELECTION AND PRIORITIZATION • Falcon claim package divided into three target zones, 1, 2 and 3 • Targets prioritized by integrating multiple datasets • Key target prioritization criteria include: • Character of EM conductor • Structural interpretation • Proximity to known uranium FA0
Slide 22: Falcon: South Priority Area
FALCON: SOUTH PRIORITY AREA • Uranium discovered in 2024 at P03 and P08 (targets FA033 and FA006) (3 intervals with >300 ppm U3O8) • A 3 km EM conductor trend that includes the new uranium discoveries at P03 and P08 is a priority for future drilling, including FA003 where the EM conductor system and
Slide 23: Falcon: FA002 and FA003
FALCON: FA002 AND FA003 Magnetics Gravity FA002 FA003 EM, magnetics and gravity processing and structural interpretation by Condor North Consulting LLC; single- and double-peak responses picked from airborne survey profile lines. NORTH SHORE URANIUM LTD. 23
Slide 24: West Bear Property: Overview
WEST BEAR PROPERTY: OVERVIEW 4 claims, 3,927 hectares UEX/UEC Deposits ● At eastern edge of the Athabasca Co-Ni resource* • 0.295 M tonnes basin near a uranium mineral reserve • 3.8 M lb. Co @ 0.58% and Co-Ni mineral resource held by • 3.2 M lb. Ni @ 0.49% Uranium Energy Corp. (UEC) U probable reser
Slide 25: West Bear: Previous Work
WEST BEAR: PREVIOUS WORK Drilling history on 4 claims (15 holes) 1968: Gulf (1) 1977: Conwest (4) 1978: Conwest (5) Denison: 2007 (2), 2015 (3) North Shore’s top 3 priority targets are along the western edge of the claim block within the Basin West Bear boulder sampling, 2022 Drill holes and Basin m
Slide 26: Qualified Person Statement and Data Verification
QUALIFIED PERSON STATEMENT AND DATA VERIFICATION Mr. Brooke Clements, MSc, P.Geol., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and the President and CEO of North Shore, has reviewed and approved the scientific and technical disclosure i
Slide 27: Thank You
THANK YOU For more information please contact: Brooke Clements President and CEO Unit 1 – 15782 Marine Drive White Rock, B.C V4B 1E6 CANADA +1 604-984-1245 [email protected] www.northshoreuranium.com Falcon property Target FA025 NORTH SHORE URANIUM LTD. 27
North Shore Uranium — Investor Presentation (February 2026) on 6ix