Lakeland(LAKE) Prnewswire·2025-02-18 11:00Core Viewpoint - IsoEnergy Ltd. and Future Fuels Inc. have completed a transaction where Future Fuels acquired a 100% interest in IsoEnergy's Mountain Lake Project, enhancing Future Fuels' holdings in the Hornby Bay Basin to over 342,064 hectares [1][2]. Transaction Details - Future Fuels acquired the Mountain Lake Property, which covers 5,625 hectares, in exchange for 12,500,000 common shares (Upfront Shares) and 2,500,000 deferred shares, along with net smelter royalties [1][8]. - The transaction was executed under an asset purchase agreement dated November 13, 2024, and included contractual restrictions on the resale of the shares [3][4]. - IsoEnergy will receive a 2% net smelter returns royalty on production from the Mountain Lake Property, with 1% eligible for repurchase by Future Fuels for $1,000,000 [8]. Future Prospects - Future Fuels' CEO expressed enthusiasm about the acquisition, highlighting the potential for exploration and development in a highly prospective region [2]. - IsoEnergy will have the right to nominate a director to Future Fuels' board and participate in future equity financings as long as it holds 10% or more of the common shares [6]. Ownership Structure - Following the transaction, IsoEnergy beneficially owns approximately 21.36% of Future Fuels' issued and outstanding common shares on a non-diluted basis [9].