Future Fuels Inc. Announces Closing of $1.5 Million Private Placement
Future Fuels Inc. Announces Closing of
$1.5 Million Private Placement
V ANCOUVER, B.C. – August 21, 2025 – Future Fuels Inc. (the “Company” or “Future Fuels”) (TSXV:
FTUR; FSE: S0J) is pleased to announce that it has closed its non-brokered private placement financing
(the “Private Placement”) of 3,750,000 units (the “ Units”) for gross proceeds of $1,500,000 previously
announced on July 17, 2025.
Each Unit consist s of one common share (each, a “ Common Share”) and one common share purchase
warrant (each, a “ Warrant”). Each Warrant will entitle the holder to purchase one additional Common
Share at a price of $0.60 for a period of two years from the date of issuance.
Proceeds from the offering will be used for general corporate purposes, which may include investor
relations activities, and to advance exploration and development at the Company’s Hornby Uranium Project
in Nunavut.
Under the Private Placement, insiders of the Company subscribed for 700,000 Units. Each subscription
under the Private Placement by an insider is considered to be a “related party transaction” of the Company
for purposes of Multilateral Instrument 61 -101 – Protection of Minority Security Holders in Special
Transactions (“MI 61 -101”) and Section 5.9 – Protection of Minority Security Holders in Special
Transactions of the TSX Venture Exchange’s Corporate Finance Manual. In completing the Private
Placement, the Company is relying upon exemptions from the formal valuation and minority shareholder
approval requirements available under MI 61 -101. The Company is exempt from the formal valuation
requirement in Section 5.4 of MI 61 -101 in reliance on Sections 5.5(a) and (b) of MI 61 -101 as the fair
market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the
Company’s market capitalization and no securities of the Company are listed or quoted for trading on
prescribed stock exchanges or stock markets. Additionally, the Company is exempt from minority
shareholder approval requirements in Section 5.6 of MI 61-101 in reliance on, inter alia, Section 5.7(a) as
the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25%
of the Company’s market capitalization. The Company did not file a mate rial change report 21 days prior
to the expected closing date of the Private Placement as the details of the insider’s participation in the
Private Placement had not been finalized at the time.
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. Addit ionally, 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.
2
Rob Leckie
CEO and Director
604-681-1568
www.futurefuelsinc.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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. There can be no
assurance that such statements will prove to be accurate an d actual results and future events could differ
materially from those anticipated in such statements. Important factors that could cause actual results to
differ materially from the Company’s expectations include but are not limited to market conditions, the early
stage nature of the Company’ s assets, the inherently unpredictable nature of early stage mineral exploration
and the additional 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 prepara tion 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 cautioned not to place undue reliance
on any forward -looking information, including, but not limited to, potential completion of the financing
described herein and the use of proceeds thereof, the Compan y’s anticipated business and operational
activities, and the Company’s plans with respect to the exploration or advancement of its assets. Factors
that could cause actual results to vary from forward -looking statements or may affect the operations,
performance, development and results of the Company ’s business include, among other things, the
Company’s ability to generate sufficient cash flow to meet its current and future obligations; that mineral
exploration is inherently uncertain and may be unsuccessful in achieving the desired results; that mineral
exploration plans may change and be re-defined based on a number of factors, many of which are outside
of the Company’s control; the Company’s ability to access sources of debt and equity capital; competitive
factors, pricing pressures and supply and demand in the Company ’s industry; and general economic and
business conditions. Such information, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual resul ts 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 publicly any of the included forward-looking statements
as expressly required by applicable law.