Future Fuels Unveils AI-Generated Exploration Targets at the Hornby Basin Uranium Project
FUTURE FUELS UNVEILS AI-GENERATED EXPLORATION TARGETS AT THE HORNBY BASIN
URANIUM PROJECT
Vancouver, B.C., June 17, 2026 – Future Fuels Inc. (TSXV: FTUR) (OTC.QX: FTURF) (FSE: S0J) (“Future Fuels” or the
“Company”) is excited to announce the results of its AI -assisted prospectivity mapping program conducted across
the Company’s 100% -owned Hornby Basin Uranium Project (the “Hornby Project” or the “Project”) in Nunavut,
Canada. The AI analysis, powered by VRIFY’s DORA platform, has identified multiple high- priority exploration
Targets (the “Targets”) across the 3,407 km² land package, including a compelling new undrilled Lambda Target
(the “Lambda Target”) immediately south of the historic Mountain Lake uranium system, located approximately
95 kilometres southwest of Kugluktuk, Nunavut.
Key Highlights
• New Lambda AI Target Identified: Artificial intelligence assisted targeting has identified a previously
unrecognized, undrilled Target zone immediately south of the Mountain Lake system.
• This Lambda Target shares similar characteristics as the Mountain Lake system and is associated with a
high VRIFY Prospectivity Score (VPS)[1] driven by radiometric (32.6% feature importance) and EM-
conductor responses (17.8%).
Figure 1: Figure showing Lambda Target in relation to the Mountain Lake system.
• Southern Hornby Basin Targets Validated: AI modelling across the southern portion of the project identified
priority Targets corresponding to the historically mineralized Bluto, 3Ts, Echo and Contact Lake zones, where
previous operators drilled unconformity style mineralisation up to 1.25% U₃O₈ (HB -06-33C) in pitchblende-
bearing structures at 72m depth in basement lithologies[2].
• Untested Targets: Sigma, Alpha, Rho, Tau, and Iota Targets occur in previously underexplored areas with
favourable geology, structures and geophysical features, presenting compelling unconformity-type Targets
Figure 2: Oblique view of AI informed Targets in the southern portion of the Hornby land package, all Targets have been
largely untested by modern exploration and systematic drilling.
• Central Target at Kendall River South Target: A strong AI-Anomaly south of the historic Kendall River
zone corresponds to a radiometric anomaly and a mid time EM anomaly recognised in the recent
geophysical reprocessing. Unconformity is untested by drilling.
Rob Leckie, CEO of Future Fuels, commented: “The results from VRIFY’s DORA platform represent a pivotal moment
for Future Fuels. For the first time, decades of fragmented exploration data from multiple operators – spanning
drilling, geophysics, geochemistry, and alteration mapping, has been compiled and analyzed through advanced AI
across the entire Hornby Basin. The outcome is a clear, data -driven exploration framework that has identified
compelling new Targets like Lambda, validated historically mineralized zones, and revealed a district-scale uranium
system with multiple independent Target styles.”
“The identification of the Lambda Target , an undrilled zone immediately adjacent to an 8.2 -million-pound historic
uranium system[3], supported by radiometric and electromagnetic signatures , is exactly the kind of insight that
modern AI can unlock in underexplored, data -rich projects. Combined with the structural high- grade opportunity
at Mountain Lake and the untested Target s across the southern basin, we believe the Hornby Basin offers
exceptional exploration upside. We look forward to refining these Targets with our 2026 spring work program and
advancing the most prospective areas toward drill testing.”
Mountain Lake Area
The historical inferred resource * of 8.2 million lbs U₃O₈ at 0.23% U₃O₈ [3] is a flat-lying tabular stratabound
mineralized system hosted in Unit 11 sandstones of the Lower Dismal Lakes Group at the intersection of a redox
boundary created by carbonaceous organic matter in the overlying Unit 12 shales. AI modelling has accurately
mapped out the system and as expected, characterised by a strong association with radiometric uranium/thorium
anomalies, EM conductor response and the first vertical derivative of the magnetic field . Based on shared
characteristics and signals, 7 key Targets have been highlighted by the AI.
* The historical estimate of 8.2 million lbs U₃O₈ at 0.23% U₃O₈ for the Mountain Lake Area is considered a historical estimate under NI 43-101.
A Qualified Person has not done sufficient work to classify the estimate as a current mineral resource or mineral reserve, and the Company is
not treating it as current.
Figure 3: AI Targets in the Mountain Lake region.
These Targets sit within 7km of the Mountain Lake system, and present clear exploration Targets for the Company.
The Lambda Target is located 1.5km from Mountain Lake on the south side of the Aquitaine fault in the mapped
Paleoproterozoic intrusive rocks that make up the basement in the region. This Target is in a zone with limited
surficial geological exploration with no previous drilling.
Also located in the basement rocks are the Zeta, Delta and Epsilon Target s. Interpretation of the VPS scores show
that radiometric responses are the primary model driver with support from electromagnetic conductors and the
first vertical derivative of the magnetic field. The Epsilon, Delta and Zeta Target s all correspond to a soil
geochemical uranium anomaly which is interpreted to potentially be related to a shallow uranium Target hosted in
the basement below a thin veneer of till.
The Company is formulating plans to fly modern and high-resolution geophysics surveys in early spring followed by
ground truthing of the Targets once the field work season opens in the area.
Central Target Zone
In the central section of the Hornby Bay Project a strong northeast -southwest trending fault is evident and is a
similar orientation to Teshierpi fault zone that controls the Mountain Lake and the nearby Danvers copper -silver
system being explored by ASX Whitecliff Minerals. The significance of these deep -seated structures has on
mineralisation in the region drew previous explorers to the Kendall River area, BP in the 1980’s and TRIEX and Unor
in 2007/2008. Previously the Target was the dismal lake sediments, and several holes were collared testing this .
These results returned no elevated uranium mineralisation. However, reprocessing of the historic geophysical
datasets and the integration with VRIFY’s DORA model has renewed the company’s interest in this region. The high
VPS scores are situated south of the hist orical drilling in the area mapped as having intrusive basement rocks, the
Hornby group sediments and an unconformity.
The coincident anomalies make the Kendal South zone prospective for unconformity style mineralisation and
preliminary plans are being made to commence field work at this Target including surficial geochemistry and field
checking.
Figure 4: Kendall South Target, coincident geophysical, structural and DORA features of interest.
Southern Region
The Southern Region of the Hornby Basin encompasses a structurally complex and geologically diverse terrain
within the northern Wopmay Orogen, where Middle Proterozoic sedimentary rocks of the Hornby Bay and Dismal
Lakes Groups overlie an Archean basement of Hepburn Metamorphic-Plutonic Belt igneous and metamorphic rocks
and Great Bear Magmatic Zone felsic volcanics. The basement is pervasively faulted with vertical displacements of
up to hundreds of metres, and the pre-existing basement topography exerted a major influence on sedimentation
patterns and subsequent fault propagation into the basin rocks.
This area saw significant but fragmented exploration between 2004 and 2008, primarily by UNOR Inc. (operating
as Hornby Bay Mineral Exploration), which completed several drilling campaigns, including returning results of
1.25% U3O8 over 0.5m and 0.12% U 3O8 over 9.1m) [2], systematic airborne geophysics (GEOTEM, MEGATEM,
magnetics, gravity), and detailed geological mapping and alteration studies. Despite this extensive work, the
exploration was never fully integrated across the district, and many priority Targets identified by previous operators
were never drill tested.
DORA’s AI analysis has now unified all available datasets into a single predictive model for the first time, with the
primary Targets in this area being Athabasca-style unconformity related systems. In contrast to the Lambda
experiment where radiometric signatures dominated, the Upsilon model is driven primarily by gravity and
magnetic structural features, topographic lineament density, and proximity to electromagnetic conductors.
Figure 5: Southern Area showing multiple AI Targets prospective for unconformity style and Mountain Lake analogues.
Bluto & Upsilon Targets
The Bluto Target is among the strongest zones identified through VRIFY's VPS modelling, with elevated scores
correlating spatially to historical high-grade drill intersections. The Target occurs at the contact between Archean
Hepburn intrusive basement and a NE-trending, fault-controlled lineament overlain by Big Bear Formation. Drilling
by BP in 1981[5,6] and UNOR between 2006 and 2009[4] confirmed mineralization across this setting, with
pitchblende encountered in every hole at the adjacent Bog-Damien (Bluto) zone. Best results include 0.12% U₃O₈
over 9.1m (including 1.04% over 0.5m) in hole HB-06-33B and 1.25% U₃O₈ over 0.5m in HB-06-33C. Mineralization
is hosted in quartz-carbonate veins and hematite/pyrite-bearing fractures within sheared granitoid rocks in the
footwall of a major NE-striking thrust fault, extending over an area of approximately 800m by 200m that remains
open. Previous operators have compared this structural setting to Cameco's Eagle Point underground mine in the
eastern Athabasca Basin.
The broader Bluto corridor hosts two silicification zones that are directly analogous to the alteration halos
documented above high-grade Athabasca Basin systems. Dravite is a well-established pathfinder mineral for
unconformity uranium systems and was identified at depth in the southern Alteration Zone, while the northern
silicification at Bluto Lake is coincident with a basement conductor, forming one of the highest -priority
unconformity Targets on the property. Surface uranium showings occur in basement rocks on both sides of the
fault-bounded panhandle sandstone, reinforcing the interpretation of an active mineralizing system.
Immediately north of Bluto, two discrete VPS anomalies forming part of the Upsilon Target coincide with
conductive trends and interpreted conductor axes from geophysical reprocessing. These anomalies are aligned
with a NE–SW Hepburn granitoid apophysis intruding Coronation Supergroup shelf and slope sediments, and
remain largely untested by drilling.
Kappa and Lota Targets
South of Bluto are the Kappa and Lota Targets, hosted in the Zephyr formation, part of the Akaitcho Group. These
shelf sediments are overlain by the Hornby Bay group and represent basement hosted and unconformity Target s.
The geological configuration resembles Athabasca-style conductive horizons beneath sedimentary cover,
structurally controlled by faults, and the easternmost extent of the Zephyr trend has seen no historical drilling and
minimal geochemical sampling.
Echo, Rho and 3Ts (Contact Lake Area) Targets
Northwest of Bluto is a cluster of VPS anomalies centered on the Contact Lake area. These Targets are Echo, where
BP sampled >6% U₃O₈[7]. in boulders in 1981, Rho and 3Ts. The Contact Lake East area exhibits strong potential for
unconformity-related uranium mineralization, defined by graphitic, N–S conductive basement faults, clay
alteration at sandstone–basement intersections, and high-angle offsets along the unconformity. The intersection
of graphite in the basement demonstrates the presence of a reductant for localizing uranium mineralization, and
the structural setting, is comparable to the structural setting of higher-grade systems in the Athabasca and Thelon
Basins. The historical drilling in the area has reported graphite zones in excess of 35m width with anomalous
uranium values (up to 107 ppm)[8] in sandstone strata above the unconformity, with values increasing to the north.
characterized by a broad magnetic low bordered by magnetic units, multiple late -time conductors, and proximity
to historical uranium results.
Wolf Creek Target
A strong and discrete N-S late-time anomaly was recognised as part of the geophysical reprocessing and
corresponds to a VPS feature. The geology of the area is interpreted to be Archean basement and intrusive of the
Great Bear intrusive suite overlain by the Hornby Bay sediments . There has been drilling 2km north of the
conductor completed in 2004 and 2005[9]. Low levels of radioactivity were intersected in the drilling, but the
company interprets the DORA and reprocessing geophysical work to suggest the historical drilling should have
been collared further south.
Exploration Plans to Follow up
Future Fuels technical team is now working through the DORA results and formulating a framework to prioritise
these Targets in addition to other planned activities.
Near term activities include:
• Planning multi-sensor airborne geophysics - given the strong influence of geophysics as a key driver for
the AI predictions, there is high value in upgrading the quality of the geophysical data by flying a property
wide, fixed wing multi-sensor survey
• Integrating the results from the ground gravity survey completed in 2025
• Preparing for mapping and geochemical sampling across the AI Target s
• Permitting for a 2026 drill program
Future Fuels is extremely encouraged by the DORA results, and is looking forward to executing a large and
systematic exploration campaign in the Hornby Basin in 2026
About VRIFY DORA Platform
VRIFY’s DORA platform is an AI-assisted mineral discovery platform designed to integrate and analyze large
geological datasets, including geophysics, geochemistry, drilling, structural geology and alteration patterns, in
order to identify areas prospective for mineralization. The system generates VRIFY Prospectivity Scores (“VPS”)
that rank exploration targets based on similarities to known mineralized systems . DORA does not confirm the
presence of mineralization, but is used as an exploration targeting tool to prioritize follow-up work.
Marketing Agreement
Future Fuels Inc. is also pleased to announce it has signed an agreement with Zimtu Capital Corp. (“Zimtu”)
whereby Zimtu will provide marketing services under its Zimtu ADVANTAGE program, effective June 1, 2025 for
an initial term of 12 months at a cost of $15,000 per month (the “Zimtu Agreement”). The program is designed to
provide strategic marketing support, investor engagement, and public awareness initiatives. Services include
investor presentations, email marketing, lead generation campaigns, blog po sts, digital campaigns, social media
management, Rockstone Research reports & distribution, video news releases and related marketing &
awareness activities. Zimtu is based in Vancouver, at Suite 1450 – 789 West Pender Street, Vancouver, BC V6C
1H2. Zimtu’s compensation does not include securities of the Company. Zimtu currently owns 1,682,084 shares of
the Company, and is a Non-Arm’s Length Party to the Company (as that term is defined in the policies of the TSX
Venture Exchange) by virtue of the two companies sharing common directors (Mr. Leckie is a director of Zimtu
and a Director and Officer of the Company) and officers (Ms. Bellefleur is CFO of each of Zimtu and the
Company). The Company’s entry into the Zimtu Agreement was approved by the Company’s Bo ard of Directors
absent Mr. Leckie, who disclosed his relationship with Zimtu and recused himself.
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.
References
[1] VRIFY Technology Inc. DORA — AI-assisted Mineral Discovery Platform. https://vrify.com/product/predict.
[2] AR 085300 (Bent, D. & Jagodits, F., 2008). Coppermine River Project and UNAD JV Project, UNAD & Adriana Resources Inc
[3] Hassard, F.R. (2005). Triex Minerals Corporation, Mountain Lake Property, Nunavut (NTS 86N/7), Technical Report for NI 43-101.
[4] AR 085401 (Bent, D. & Jagodits, F., 2008). Report on Geological Studies, Diamond Drilling, Boundary Surveys, and Ground Geophysical
Surveys, Coppermine River Project, UNOR Inc.