Future Fuels Mobilizes for Gravity Survey at the Hornby Basin Project

Executive Summary

• Future Fuels Inc. has begun mobilizing crews and equipment for a Phase One, 680‑station ground gravity survey at the Hornby Basin Project’s Mountain Lake Uranium System.
• The high‑resolution gravity survey will cover ~2,000 ha with 200–400 m line spacing and 100 m station intervals, supporting planning of the company’s first diamond drilling campaign slated for 2026.
• The program builds on two prior Aurora Geosciences gravity surveys (2022, 2024) that demonstrated the method’s ability to delineate uranium‑bearing stratigraphy and structural controls.

Key Details

• Survey Scope: 680 ground gravity stations over ~2,000 ha; line spacing 200–400 m, station interval 100 m; helicopter support from Kugluktuk.
• Objective: Generate a high‑resolution gravity dataset to refine geological models of the Mountain Lake uranium system and guide the 2026 drilling campaign.
• Historical Context:
• 2022 survey – 84 stations on an ~800 × 1,300 m grid; identified gravity highs coincident with mineralization and a nearby intrusion.
• 2024 survey – 43 stations across three lines targeting the Helmut Fault; confirmed gravity highs associated with fault offsets and lows tied to Unit 11 sandstones.
• Coverage Increase: The 2025 program represents >500 % increase in gravity data coverage versus prior work.
• Geological Targets: Focus on Unit 11 (LeRoux Formation – sandstone, fluid conduit) and Unit 12 (Fort Confidence Formation – shale/siltstone, chemical trap); structural controls include Imperial, Aquitaine, and Helmut faults.
• Partnerships: Conducted with Dahrouge Geological Consulting Ltd. and EarthEx Geophysical Solutions Inc.; data collection expected to take ~20 days with initial results later in fall 2025.
• Future Plans: Results will directly inform design of the first subsurface testing (diamond drilling) scheduled for 2026; drill permit applications anticipated in fall 2025.
• Environmental & Community Measures: Program follows an Environmental and Wildlife Management Plan protecting caribou, muskox, migratory birds; ongoing engagement with Kitikmeot Inuit Association, local hunters/trappers, and the Hamlet of Kugluktuk.

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 to increase its understanding of the uranium endowment at Mountain Lake.”