Future Fuels Obtains Phase One Exploration Permits to Advance Hornby Basin Project
Future Fuels Obtains Phase One Exploration Permits
to Advance Hornby Basin Project
Vancouver, B.C., September 22, 2025 – Future Fuels Inc. (TSXV: FTUR) (FSE: S0J) (“Future
Fuels” or the “Company”) is pleased to announce that it has received the necessary permits to
commence exploration activities at its wholly owned Hornby Basin Project (the “Hornby Project”
or the “Project”), located approximately 95 kilometres southwest of Kugluktuk, Nunavut.
“The receipt of exploration permits marks an important milestone for Future Fuels as we initiate
fieldwork on the Hornby Project”, said Rob Leckie, President & CEO. “With approvals in place,
we are excited to begin our Phase One program which will commence imminently.”
Approved 2025 Program
The permitted 2025 field season will run from September until late fall and includes:
• A ground gravity geophysical survey focus ing on the Mountain Lake Uranium System
area, comprising approximately 540 gravity stations on 200 -metre spaced lines with 100 -
metre station spacing, covering ~12 square kilometres (Figure 1).
• The program will be helicopter supported from Kugluktuk.
• Potential follow-up prospecting, geological mapping, and targeted rock, soil, till sampling
and an airborne geophysical survey will follow.
This high -resolution gravity survey, conducted in partnership with Dahrouge Geological
Consulting and EarthEx Geophysical Solutions, is designed to detect alteration systems and
structural features prospective for unconformity -type uranium and sediment -hosted copper
mineralization (Figure 1).
The Nunavut Planning Commission (NPC) has confirmed that the Company’s proposed work
program is exempt from screening by the Nunavut Impact Review Board (NIRB) as it falls within
a class of works identified in Schedule 12 -1 of the Nunavut Agreement and pre sents no
cumulative environmental concerns. Regulatory authorities including Crown -Indigenous
Relations and Northern Affairs Canada (CIRNAC), the Kitikmeot Inuit Association (KIA), and
the Nunavut Water Board have been notified accordingly.
Figure 1: Map illustrating planned gravity survey stations.
Environmental and Community Engagement
Future Fuels has implemented a comprehensive Environmental and Wildlife Management Plan
with strict measures to minimize impacts to caribou, muskox, and migratory birds, including
seasonal timing restrictions, flight altitude protocols, and buffer zones ar ound sensitive habitats.
Engagement with the Kitikmeot Inuit Association, the Hunters and Trappers Organization, and the
Hamlet of Kugluktuk is ongoing, and the Company remains committed to open dialogue and local
participation in its exploration programs.
Looking Ahead to 2026
Building on results from the 2025 field season, Future Fuels plans to advance to its first -ever
drilling campaign at Hornby Basin in 2026. The proposed program includes up to 10,000 metres
of diamond drilling, establishment of a seasonal camp, and all supp orting logistics. Drill permit
applications are expected to be submitted in fall 2025.
National Instrument 43-101 Disclosure
Nicholas Rodway, P. Geo, (NAPEG Licence # L5576) is a consultant of the company and is a
qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral
Properties. Mr. Rodway has reviewed and approved the technical content in this release.
About Future Fuels Inc.
Future Fuels’ principal asset is the Hornby 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 System. Additionally, Future Fuels holds the
Covette Project 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, CEO and Director
604-681-1568
X: @FutureFuelsInc
www.futurefuelsinc.com
Forward Looking Statements
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
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 stateme nts 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 and
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 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 mater ially 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, statements regarding
the Hornby Project, proposed exploration and evaluation activities currently contemplated at the
Hornby Project, the prospects of the mineral claims forming the Hornby Project, which are not
at an advanced stage of development, the Company's anticipated business and operational
activities, and the Company's plans with respect to the exploration or advancement of the Hornby
Project. 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 expl oration 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. 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 publicly any of the included forward-
looking statements as expressly required by applicable law.