Future Mineral Closes Second Tranche of Private Placement

Executive Summary

• Future Mineral Resources Inc. closed the second tranche of its non‑brokered private placement, issuing 316,667 common shares at $0.30 per share for gross proceeds of approximately $95,000.
• The total offering capacity is up to 15 million shares for a maximum of $4.5 million; the first tranche was previously closed in January–February 2026.
• Net proceeds from this tranche are earmarked for working capital and general corporate purposes, pending final TSX approval.

Key Details

• Offering Size: Up to 15 million common shares at $0.30 per share (maximum gross proceeds of $4.5 M).
• Second Tranche Issuance: 316,667 common shares issued at $0.30 per share, generating ~US$95,000 in gross proceeds.
• Hold Period: Securities are subject to a statutory four‑month hold period expiring on July 19 2026.
• Use of Proceeds: Expected to be applied to working capital and general corporate purposes.
• Regulatory Condition: Completion of the overall offering (first and second tranches) remains contingent upon final approval by the Toronto Stock Exchange.
• Finder’s Fees: No finder’s fees were paid in connection with the second tranche.
• Previous Announcements: First‑tranche details were disclosed in press releases dated January 7, February 2, and March 13 2026 (available on SEDAR+).

Notable Quotes

“The net proceeds of the Second Tranche are expected to be used for working capital and general corporate purposes.” – Fred Leigh, Chief Executive Officer

Materiality Assessment: Material – Positive (the financing provides additional capital that can support ongoing operations and growth initiatives).