Northwire Canada EditionFriday, August 14, 2026
Northwire
NPK 0.870 +1.2% GRZ 6.26 −1.4% AVL 5.23 +3.0% TSLV 0.085 −5.6% MPVD 0.015 +0.0% DNG 6.61 +0.0% GLO 0.610 −4.7% CTGO 27.39 +0.5% SKE 45.73 −1.1% MTA 12.63 −0.7% VMET 14.15 +1.8% IMM 0.065 +0.0% LMCU 9.60 −1.9% EFF 0.025 −16.7% AYA 37.44 −4.2% MDM 0.060 +0.0% NPK 0.870 +1.2% GRZ 6.26 −1.4% AVL 5.23 +3.0% TSLV 0.085 −5.6% MPVD 0.015 +0.0% DNG 6.61 +0.0% GLO 0.610 −4.7% CTGO 27.39 +0.5% SKE 45.73 −1.1% MTA 12.63 −0.7% VMET 14.15 +1.8% IMM 0.065 +0.0% LMCU 9.60 −1.9% EFF 0.025 −16.7% AYA 37.44 −4.2% MDM 0.060 +0.0%
Drill Results

Future Fuels Submits Exploration Permits For the Hornby Project

FTUR · Price

Executive Summary

  • Future Fuels Inc. has initiated the permitting process for its 2025 exploration program at the Hornby Basin Project in Nunavut.
  • The 2025 work will consist of ground‑based gravity surveys, geological mapping, geochemical sampling and may include airborne surveys, all conducted on Crown Land with minimal environmental impact.
  • A follow‑up diamond drilling campaign (up to 10,000 m) is being planned for the 2026 field season, pending permitting approvals.

Key Details

  • Permitting Initiated: Applications submitted to Nunavut Planning Commission, Nunavut Impact Review Board, Crown‑Indigenous Relations and Northern Affairs Canada, and Nunavut Water Board.
  • 2025 Exploration Scope:
  • Ground‑based gravity survey covering ~12 km²; stations spaced at 50 m on 200 m lines.
  • Geological mapping, geochemical (rock, soil, till) sampling, with option for airborne geophysics.
  • No camp facilities required; personnel will mobilize daily from Kugluktuk to limit environmental footprint.
  • Environmental & Community Measures:
  • Detailed Environmental and Wildlife Management Plan addressing caribou, muskox, migratory birds, seasonal timing, aircraft altitude, and buffer zones around sensitive habitats.
  • Ongoing engagement with Kitikmeot Inuit Association, Hunters and Trappers Organization, and the Hamlet of Kugluktuk.
  • 2026 Drill Program Outlook:
  • Up to 10,000 m of diamond core drilling targeting high‑priority uranium and copper targets.
  • Planned seasonal camp, helicopter staging, water sourcing, and waste management infrastructure.
  • Dahrouge Geological Consulting Ltd. engaged to manage permitting for both 2025 and 2026 programs; drill permit filings expected by fall 2025.
  • Technical Oversight: Nicholas Rodway, P.Geo (NAPEG Licence # L5576), qualified person under NI 43‑101, reviewed and approved technical content.

Notable Quotes

“The launch of exploration permitting is an important step forward for the Hornby Basin Project.” – Rob Leckie, President & CEO


Materiality Assessment: Non-Material – Positive (operational update with no immediate financial impact).

Read the original news release →

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