Future Fuels Announces Completion of $2.2 Million Life Offering
FUTURE FUELS ANNOUNCES COMPLETION OF
$2.2 MILLION LIFE OFFERING
Vancouver, British Columbia – October 31, 2025 – Future Fuels Inc. (TSXV: FTUR) |(OTCQB:
FTURF) (FWB: S0J) (“Future Fuels” or the “Company”) is pleased to announce that, further to
its previous news releases dated September 5, 2025 and October 9, 2025, it has completed a
non-brokered private placement for gross proceeds of C$2,219,810.25 from the sale of 2,959,747
“flow-through” units of the Company (each, an “ FT Unit”, and collectively, the “ FT Units”) at a
price of C$0.75 per FT Unit (the “ LIFE Offering”) under the Listed Issuer Financing Exemption
(as defined herein).
Each FT Unit consists of one charity “flow-through” common share (each, an “ FT Share” and
collectively, the “FT Shares”) and one common share purchase warrant (each an “ FT Warrant”
and collectively, the “ FT Warrants”), issued as “flow -through shares”, as defined in subsection
66(15) of the Income Tax Act (Canada) (the “Tax Act”). Each FT Warrant is exercisable to acquire
one common share (each a “Warrant Share”, and collectively, the “Warrant Shares”) at a price
of $0.80 per Warrant Share for a period of 24 months from the date hereof (the “Closing Date”).
The Warrant Shares underlying the FT Units will not qualify as “flow -through shares” under the
Tax Act. The FT Warrants to be issued pursuant to the LIFE Offering will not be listed for trading
on any stock exchange.
Subject to compliance with applicable regulatory requirements and in accordance with National
Instrument 45 -106 – Prospectus Exemptions (“NI 45 -106”), the LIFE Offering was made to
purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer
financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). The
securities offered under the LIFE Offering pursuant to the Listed Issuer Financing Exemption are
not subject to resale restrictions in accordance with applicable Canadian securities laws. There is
an amended and restated offering document dated October 9, 2025 (the “Offering Document”)
related to the LIFE Offering that can be accessed under the Company’s issuer profile on SEDAR+
at www.sedarplus.ca and on the Company’s website at: www.futurefuelsinc.com.
The gross proceeds of the LIFE Offering will be used to incur “Canadian exploration expenses”
that are “flow-through critical mineral mining expenditures”, within the meaning of the Tax Act, on
the Company’s 100%-owned Hornby Basin Project.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of
securities in the United States. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the “ U.S. Securities Act”) or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or an exemption from
such registration is available.
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About Future Fuels Inc.
Future Fuels’ principal asset is the Hornby Uranium Project, covering the entire 3,407 km² Hornby
Basin in north -western Nunavut, a geologically promising area with over 40 underexplored
uranium showings, including the historic Mountain Lake Deposit. Additionally, Future Fuels holds
the Covette Property in Quebec’s James Bay region, comprising 65 mineral claims over 3,370
hectares.
On behalf of the Board of Directors
FUTURE FUELS INC.
“Rob Leckie”
Rob Leckie, CEO
Tel: 604.681.1568
Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward -looking statements and other statements that are not
historical facts. Forward -looking statements are often identified by terms such as “will”, “may”,
“should”, “anticipate”, “expects” and similar expressions. All statements other than statements of
historical fact, included in this news release are forward-looking statements that involve risks and
uncertainties. Forward-looking statements in this press release include, but are not limited to,
statements regarding the Company’s exploration and development plans with respect to its
projects and statements regarding the LIFE Offering including, without limitation, statements
regarding the Company’s anticipated business and operational activities. There can be no
assurance that such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important factor s that could
cause actual results to differ materially from the Company’s expectations include, but are not
limited to, the inherently unpredictable nature of resource exploration, market conditions and the
risks detailed from time to time in the filings made by the Company with securities regulators. The
reader is cautioned that assumptions used in the preparation of any forward -looking information
may prove to be incorrect. Events or circumstances may cause actual results to differ materially
from those predicted, as a result of numerous known and unknown risks, uncertainties, and other
factors, many of which are beyond the control of the Company. The reader is caut ioned not to
place undue reliance on any forward-looking information. Such information, although considered
reasonable by management at the time of preparation, may prove to be incorrect, and actual
results may differ materially from those anticipated. Forward-looking statements contained in this
news release are expressly qualified by this cautionary statement. The forward -looking
statements contained in this news release are made as of the date of this news release and the
Company will update or revise pu blicly any of the included forward - looking statements as
expressly required by applicable law.