Future Fuels closes $1.5-million financing

Mr. Rob Leckie reports FUTURE FUELS INC. ANNOUNCES CLOSING OF $1.5 MILLION PRIVATE PLACEMENT Future Fuels Inc. has closed its non-brokered private placement financing of 3.75 million units for gross proceeds of $1.5-million, previously announced on July 17, 2025. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of 60 cents for a period of two years from the date of issuance. Proceeds from the offering will be used for general corporate purposes, which may include investor relations activities, and to advance exploration and development at the company's Hornby uranium project in Nunavut. Under the private placement, insiders of the company subscribed for 700,000 units. Each subscription under the private placement by an insider is considered to be a related party transaction of the company for purposes of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and Section 5.9, Protection of Minority Security Holders in Special Transactions, of the TSX Venture Exchange's corporate finance manual. In completing the private placement, the company is relying upon exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The company is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on sections 5.5(a) and 5.5(b) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25 per cent of the company's market capitalization, and no securities of the company are listed or quoted for trading on prescribed stock exchanges or stock markets. Additionally, the company is exempt from minority shareholder approval requirements in Section 5.6 of MI 61-101 in reliance on, inter alia, Section 5.7(a) as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25 per cent of the company's market capitalization. The company did not file a material change report 21 days prior to the expected closing date of the private placement as the details of the insider's participation in the private placement had not been finalized at the time. About Future Fuels Inc. Future Fuels' principal asset is the Hornby uranium project, covering the entire 3,407-square-kilometre Hornby basin in northwestern Nunavut, a geologically promising area with over 40 underexplored uranium showings, including the historic Mountain Lake deposit. Additionally, Future Fuels holds the Covette property in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares. We seek Safe Harbor.