Step 1: Understand the effect of heating on the rod.
When a metallic rod is heated uniformly, it expands due to thermal expansion.
Therefore, its length increases slightly.
For a uniform rod rotating about its perpendicular bisector, the moment of inertia is
\[
I=\frac{1}{12}ML^2
\]
where
\[
M=\text{mass of the rod}
\]
and
\[
L=\text{length of the rod}
\]
Since \(L\) increases on heating,
\[
I
\]
also increases.
So, Reason (R) is true.
Step 2: Use conservation of angular momentum.
When no external torque acts on the rotating rod, angular momentum remains conserved.
Angular momentum is
\[
L_{\text{angular}}=I\omega
\]
Since angular momentum is conserved,
\[
I\omega=\text{constant}
\]
Step 3: Analyze the change in angular speed.
On heating, the moment of inertia \(I\) increases.
Since
\[
I\omega=\text{constant},
\]
if \(I\) increases, then angular speed \(\omega\) must decrease.
Therefore, the speed of rotation does not increase. It decreases.
So, Assertion (A) is false.
Step 4: Final conclusion.
Assertion (A) is false, but Reason (R) is true.
Hence,
\[
\boxed{\text{(A) is false but R is true}}
\]