Future Fuels Completes Uranium Asset Acquisition IN Hornby Basin, Nunavut Territory
FUTURE FUELS COMPLETES
URANIUM ASSET ACQUISITION IN HORNBY BASIN, NUNAVUT TERRITORY
VANCOUVER, B.C. , December 5, 2024 – Future Fuels Inc. (TSXV: FTUR, FSE: S0J) (the “ Company”) is pleased to
announce that, further to its news release dated August 16, 2024, it has completed the acquisition of six mineral leases
in the Hornby Basin, Nunavut Territory pursuant to the agreement (the “ Agreement”) with 2362516 Ontario Inc.
(“PrivCo”, and collectively, the “Transaction”).
Pursuant to the Agreement, the Company issued an aggregate of 12,500,000 common shares (the “ Shares”) to a
syndicate of vendors led by PrivCo in consideration for the acquisition of a 100% legal and beneficial interest in the
mineral leases. The Shares are subject to a statutory hold period of four months plus a day from the date of issuance, as
well as certain contractual lock-up restrictions.
The property is located in the Hornby Basin, Nunavut Territory and is comprised of 6 mineral leases comprising a total
land area of approximately 6,201 ha (~62 km2). Between 1996 and 2004 the leases were part of a land package
controlled by Hornby Bay Exploration Ltd, which spent approximately $10 million on exploration and completed a
technical report in 2004.
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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.