Greencastle closes buy of 480,000 Future Fuels shares

Executive Summary

• Greencastle Resources Ltd. has closed the acquisition of 480,000 common shares in Future Fuels Inc., an arm's-length third party, pursuant to a share purchase agreement dated March 6, 2026.
• The transaction was settled entirely through the issuance of 4.8 million common shares from Greencastle's treasury, valued at $0.05 per share, resulting in an aggregate deemed value of $240,000.
• The acquisition is intended as an investment to provide exposure to potential commodity cycle upside and complement Greencastle's broader portfolio focus in the resource sector.

Key Details

• Target Company: Future Fuels Inc.
• Shares Acquired: 480,000 common shares in the capital of Future Fuels Inc.
• Previous Holdings: Greencastle held no securities of Future Fuels prior to this acquisition.
• Consideration Structure: Issuance of 4.8 million common shares from treasury.
• Deemed Price: $0.05 per share.
• Aggregate Deemed Value: $240,000.
• Cash Consideration: None.
• Purpose: Investment purposes; consistent with strategy to pursue selective positions in prospective resource companies.
• Regulatory Status: Closing occurred following receipt of all necessary corporate approvals and acceptance by the TSX Venture Exchange for the issuance of consideration shares.
• Vendor Status: Arm's length to the company.
• Finders' Fees: None paid.
• Related Party Transaction: No; does not constitute a related-party transaction under Multilateral Instrument 61-101.
• Share Restrictions: Consideration shares are subject to a statutory hold period of four months and one day from the date of issuance.
• Hold Period Expiry: July 26, 2026.
• Listing Status: Consideration shares expected to be listed for trading on the TSX-V upon expiry of the hold period, subject to TSX-V acceptance and compliance with listing requirements.

Notable Quotes

• "The acquisition was completed for investment purposes and is consistent with the company's strategy to pursue selective positions in prospective resource companies and projects."
• "Future Fuels is engaged in the resource sector, and the company believes that the acquisition provides attractive exposure to potential commodity cycle upside and complements the company's broader portfolio focus."