Future Fuels Concludes Gravity Survey at the Hornby Basin Project

The most recent news release from October 17, 2025, states that Future Fuels Inc. has successfully concluded its Phase One 2025 high-resolution ground gravity survey at the wholly-owned Hornby Basin Project in Nunavut. This survey covered a 2,000-hectare area over the Mountain Lake uranium system and radioactive boulder trains at Curiosity and Sauna Lakes, locations where Imperial Oil historically reported up to 6% U3O8 in 1973. The program more than tripled the coverage of the existing gravity dataset, aiming to enhance the understanding of structural controls on uranium mineralization and identify alteration associated with unconformity-style uranium systems. The results are currently being processed and will be presented when available. These results will directly inform the design of the Company's planned 2026 diamond drilling campaign, which will mark Future Fuels' first subsurface testing at Hornby Basin.

This news represents the successful completion of a planned exploration activity, which is a positive operational milestone. It confirms the Company is executing its methodical exploration strategy on schedule. The "tripled coverage" aspect is a particularly positive detail, as increased data resolution can significantly improve targeting for future drilling.

However, the news itself does not contain assay results, new discoveries, or significant financial events. It is a confirmation of fieldwork completion, setting the stage for future announcements (survey results, drill plans). Given the stock's significant appreciation in recent weeks, this operational update is likely already largely anticipated and priced into the current valuation. While positive, it does not constitute a "Game Changer" as defined, nor does it materially alter the fundamental outlook beyond what was already expected from their publicly stated exploration plans. The real material impact will depend on the results of this survey and the subsequent drilling campaign.

The conclusion of the survey is a necessary step towards the highly anticipated 2026 drilling program. Therefore, it is a routine, but positive, progression of their core project.

Future Fuels Inc. is a junior mineral exploration company focused on uranium in Nunavut, Canada. Its flagship asset is the Hornby Basin Uranium Project, which is 100% owned. The project is located approximately 95 kilometres southwest of Kugluktuk, Nunavut, and covers a district-scale area of over 3,400 square kilometres (comprising 232 mineral claims and six mineral leases, with total land area of 3407 km2). The Company strategically acquired key mineral claims, including the Mountain Lake property (5,625 hectares) from IsoEnergy Ltd., to consolidate ownership of the entire Hornby Basin for the first time.

The Hornby Basin project is highly prospective for uranium, with over 40 underexplored uranium showings and the historic Mountain Lake deposit. The geology of the project, within the Bear Structural Province of the Canadian Shield, shares similarities with the prolific Athabasca and Thelon Basins, known for high-grade unconformity-related uranium deposits. The project has a significant history of exploration (over 26,000m of drilling at Mountain Lake, 13,500m elsewhere), but much of this data was fragmented or in analog format.

Future Fuels' strategy involves a multiphased exploration program leveraging modern technologies, including comprehensive data compilation and digitization, advanced geological modelling, remote sensing (hyperspectral surveys, SAR data), and artificial intelligence (through a partnership with Vrify Technology Inc. using their DORA AI platform) for data-driven prospectivity analysis and target generation. The ultimate goal is to identify new high-priority drill targets for an extensive drilling program. The Company also holds the Covette Property (3,370 hectares, 65 mineral claims) in Quebec's James Bay region.