Future Mineral Announces $4.5m Financing

Executive Summary

• Future Mineral Resources Inc. announced a best‑efforts, non‑brokered private placement of up to 15 million units at $0.30 per unit, targeting gross proceeds of up to $4.5 million.
• Each unit consists of one common share and half of a common‑share purchase warrant; warrants allow acquisition of an additional share at $0.35 for 12 months.
• Net proceeds will be used for general corporate purposes and to fund exploration expenditures on the Company’s properties.

Key Details

• Offering size: Up to 15,000,000 units (each = 1 common share + ½ warrant).
• Price per unit: $0.30 → maximum gross proceeds of $4,500,000.
• Warrant terms: Each full warrant (two halves) gives the holder the right to purchase one additional common share at $0.35 for a 12‑month period from issuance.
• Closing timeline: Expected early February 2026; securities subject to a statutory hold period of four months and one day.
• Finder’s fees: Cash commission up to 7% of gross proceeds plus finder warrants equal to up to 7% of units sold; each finder warrant allows purchase of one common share at $0.35 for 12 months after closing.
• Use of proceeds: General corporate purposes and exploration expenditures on existing properties.
• Conditions precedent: Completion subject to TSX approvals and other customary conditions.

Notable Quotes

• “Fred Leigh, Chief Executive Officer” – signatory on behalf of the Board (no direct quote provided).