Future Mineral Closes First Tranche of Private Placement

Executive Summary

• Future Mineral Resources Inc. closed the first tranche of its up‑to $4.5 million non‑brokered private placement, issuing 516,666 common shares at $0.30 per share for gross proceeds of $154,999.80.
• The net proceeds are earmarked for working capital and general corporate purposes; a statutory four‑month hold period on the securities expires on July 13 2026.
• An $8,400 finder’s fee was paid; completion of the overall offering remains subject to final TSX approval.

Key Details

• Offering size: Up to 15 million common shares at $0.30 per share (maximum gross proceeds $4.5 M).
• First Tranche issuance: 516,666 common shares issued; gross proceeds $154,999.80.
• Hold period: Statutory four‑month hold on the First Tranche securities, expiring July 13 2026.
• Finder’s fee: $8,400 paid to an eligible finder in connection with the First Tranche.
• Use of proceeds: Expected to be applied to working capital and general corporate purposes.
• Regulatory condition: Completion of the overall Offering (including this tranche) is contingent upon final approval by the Toronto Stock Exchange.

Notable Quotes

• “We are pleased to have successfully closed the first tranche of our financing, which provides us with additional flexibility to advance our strategic initiatives.” – Fred Leigh, Chief Executive Officer, Future Mineral Resources Inc.