Future Fuels to begin phase 1 exploration at Hornby

Executive Summary

• Future Fuels Inc. has mobilized crews for a Phase 1, 680‑station ground gravity survey covering ~2,000 ha of the Hornby Basin’s Mountain Lake uranium system.
• The high‑resolution survey (200–400 m line spacing, 100 m station intervals) will support planning of the company’s first drilling campaign slated for 2026.
• Survey results are expected later this fall and will be integrated with historic 2022/2024 gravity data to improve geological models of uranium mineralization.

Key Details

• Mobilization underway for a 680‑station ground gravity survey at Mountain Lake, Nunavut (≈95 km SW of Kugluktuk).
• Survey area: ~2,000 ha; line spacing 200–400 m; station intervals 100 m; helicopter support from Kugluktuk.
• Builds on two prior Aurora Geosciences gravity surveys (2022 – 84 stations; 2024 – 43 stations) that distinguished Unit 11 sandstones from Unit 12 shales and identified fault‑related structural controls.
• Survey will also target anomalous radioactive boulder trains near Curiosity and Sauna Lakes, where historic sampling reported up to 6 % U₃O₈ (1973).
• Expected data collection period: ~20 days; initial results anticipated in fall 2025.
• Results will directly inform design of the planned 2026 diamond drilling campaign – first subsurface testing at Hornby Basin; drill permit applications to be filed Fall 2025.
• Partnerships: Dahrouge Geological Consulting Ltd. and EarthEx Geophysical Solutions Inc. providing technical expertise and equipment.
• Environmental/Community: Program follows an environmental and wildlife management plan; ongoing engagement with Kitikmeot Inuit Association, local hunters/trappers, and Kugluktuk Hamlet.
• Qualified Person: Nicholas Rodway, P.Geo., Napeg licence L5576, has reviewed and approved the technical content per NI 43‑101.

Notable Quotes

“We are excited to officially launch our first ever field exploration program at the Hornby basin project,” said Rob Leckie, President & CEO. “This gravity survey is a critical step in advancing our understanding of the Mountain Lake mineralization and will provide the foundation for follow‑up mapping, sampling and eventual drilling.”