Future Fuels receives exploration permits for Hornby

Executive Summary

• Future Fuels Inc. received all required permits to begin Phase 1 exploration at its wholly‑owned Hornby Basin project in Nunavut, enabling a 2025 field season starting September.
• The 2025 program includes a high‑resolution ground gravity survey (≈540 stations over ~12 km²) plus potential follow‑up prospecting, mapping, sampling and airborne geophysics.
• Plans are set for a first drilling campaign in 2026 targeting up to 10,000 m of diamond drilling, with drill permit applications to be filed in fall 2025.

Key Details

• Permits obtained from the Nunavut Planning Commission (NPC) confirm exemption from Nunavut Impact Review Board screening under Schedule 12‑1 of the Nunavut agreement.
• Regulatory notifications sent to Crown‑Indigenous Relations and Northern Affairs Canada, Kitikmeot Inuit Association, and Nunavut Water Board.
• 2025 field season (Sept.–late fall) will be helicopter‑supported from Kugluktuk.
• Gravity survey design: ~540 gravity stations on 200 m spaced lines with 100 m station spacing, covering ~12 km² of the Mountain Lake uranium system area.
• Survey partners: Dahrouge Geological Consulting and EarthEx Geophysical Solutions.
• Potential follow‑up activities: geological mapping, targeted rock/soil/till sampling, and an airborne geophysical survey.
• Environmental measures: timing restrictions, flight altitude protocols, buffer zones to protect caribou, muskox, migratory birds; ongoing engagement with Kitikmeot Inuit Association, Hunters and Trappers Organization, and the Hamlet of Kugluktuk.
• 2026 drilling outlook: up to 10,000 m of diamond drilling, seasonal camp establishment, logistics planning; drill permit applications anticipated fall 2025.
• Qualified Person: Nicholas Rodway, P.Geo (NAPEG licence No. L5576), reviewed and approved the technical content per NI 43‑101.

Notable Quotes

“The receipt of exploration permits marks an important milestone for Future Fuels as we initiate fieldwork on the Hornby project,” said Rob Leckie, President and CEO.
“With approvals in place, we are excited to begin our phase 1 program, which will commence imminently.”