Joint Press Release of Future Fuels Inc. and ValOre Metals Corp. - Future Fuels Inc. Enters Into Agreement to Acquire Hatchet Uranium Corp.

The most recent news (February 26, 2026) announces that Future Fuels Inc. has entered into a definitive agreement to acquire Hatchet Uranium Corp. (HUC) via a three-cornered amalgamation. This acquisition adds five significant claim blocks totaling 97,674 hectares in the Athabasca Basin, including the Hatchet Lake and Highway properties. The deal follows a $2 million flow-through financing closed earlier in February 2026 and the identification of high-priority gravity anomalies at the flagship Hornby Basin project in January 2026.

The acquisition is Material - Positive. While the company was previously focused on the Hornby Basin in Nunavut, this move significantly diversifies its portfolio into the Athabasca Basin, the world's premier high-grade uranium district. - Strategic Expansion: The addition of nearly 100,000 hectares of prospective ground provides a secondary "engine" for growth. - Synergy with AI: The acquired assets have already undergone VRIFY AI target generation, aligning with Future Fuels' existing strategy of using machine learning to unlock historical data. - Execution Risk: The company is now managing two massive, district-scale projects simultaneously. This increases the need for capital and technical oversight. - Dilution: While the specific share exchange ratio was not detailed in the summary, the issuance of "Consideration Shares and Warrants" will result in further dilution to existing shareholders.

Future Fuels Inc. is a Canadian mineral exploration company. Its flagship is the Hornby Basin Uranium Project in Nunavut, covering 3,407 sq. km. It is the first time the entire basin has been consolidated under one owner. The project hosts the historical Mountain Lake deposit (8.16M lbs U3O8 at 0.23% - non-current). The company also holds the Corvette property in Quebec and is currently acquiring the Hatchet Lake assets in the Athabasca Basin.