Future Fuels Initates Drill Permitting at Hornby; Marketing Update

Executive Summary

• Future Fuels Inc. has formally initiated the permitting process for a planned summer 2026 exploration program at its 100%‑owned Hornby Basin Uranium Project in Nunavut.
• The proposed program could involve up to 10,000 m of diamond drilling, extensive geophysical work, and a seasonal 25‑person helicopter‑supported camp near Mountain Lake.
• The company increased the budget for its ongoing marketing services agreement with MCS Market Communication Service GmbH by up to €155,000, extending the engagement through December 31 2025 (or until budget exhaustion).

Key Details

• Permitting Initiation: Submission of required documentation to Nunavut Water Board and Crown‑Indigenous Relations and Northern Affairs Canada; archaeological inspections will be performed before collaring.
• Exploration Scope (Summer 2026):
• Up to 10,000 m of diamond drilling using up to two helicopter‑portable drill rigs.
• Additional activities: geological mapping, prospecting, geochemical sampling, drone photogrammetry, ground and airborne geophysics, downhole surveys.
• Camp Infrastructure: Planned seasonal camp for ≈25 personnel, helicopter‑supported, built in compliance with Nunavut guidelines; located near Mountain Lake.
• Regulatory Context: Nunavut Planning Commission confirmed the project lies outside any regional land‑use plan area.
• Marketing Services Budget Increase: Additional €155,000 added to the existing engagement (originally renewed on Oct 31 2025) with MCS for online marketing, campaign creation, research and analytics; services run until Dec 31 2025 or budget exhaustion; no securities issued as compensation.
• Qualified Person Disclosure: Nicholas Rodway, P.Geo (NAPEG Licence # L5576), reviewed and approved the technical content per NI 43‑101.

Notable Quotes

• “Future Fuels will continue to provide updates as the exploration permitting process continues to advance.” – Rob Leckie, CEO & Director, Future Fuels Inc.