Joint Press Release of Future Fuels Inc. and ValOre Metals Corp. - Future Fuels Completes Acquisition of Hatchet Uranium Corp.

Recent Transaction Completion and Financing

• Future Fuels Inc. completed its acquisition of Hatchet Uranium Corp (HUC) on May 29, 2026, via a three-cornered amalgamation.
• ValOre Metals Corp., previously holding a 51% interest in HUC, will become a significant shareholder of Future Fuels Inc. as part of the transaction consideration.
• Approximately 15 million new shares were issued to former HUC shareholders; ValOre's stake is exchanged for Future Fuels securities.
• On May 28, 2026, ValOre completed a non-brokered convertible debenture financing raising CDN$2,000,000.
• The debentures are convertible at $0.12 per Unit (one share + half warrant) with an exercise price of $0.15 for warrants.
• Interest is 6% per annum; maturity is 18 months from issuance.
• Proceeds designated for Pedra Branca PGE Project exploration, potential acquisitions in Brazil, and working capital.

Transaction Significance

• The completion of the Hatchet Uranium acquisition was anticipated following conditional TSXV acceptance on May 19, 2026; therefore, it is not a surprise market-moving event.
• ValOre exiting its direct HUC interest in favor of Future Fuels equity diversifies asset exposure but does not provide immediate liquidity (cash) to the balance sheet.
• The exchange converts an illiquid minority stake in a uranium explorer into equity in another junior explorer, maintaining speculative risk profile rather than de-risking via cash proceeds.

Core Business

• ValOre Metals Corp. focuses on developing precious metals projects in Brazil, specifically Platinum Group Elements (PGE) and Gold.
• Flagship Project: Pedra Branca PGE Project located in Ceará State, Brazil.
• Resource Estimate: 2.198 Moz 2PGE+Au inferred resource in 63.6 Mt grading 1.08 g/t (as of March 2026 presentation).