Future Mineral Announces $4.5m Financing
Globenewswire·2026-01-07 23:00

Core Viewpoint - Future Mineral Resources Inc. is planning a non-brokered private placement financing to raise up to $4.5 million through the sale of 15 million units at a price of $0.30 per unit [1][2]. Group 1: Offering Details - The offering will consist of units, each comprising one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.35 for 12 months [1]. - The closing of the offering is anticipated in early February 2026, and all securities will be subject to a four-month and one-day statutory hold period [2]. - Finder's fees may be paid to eligible finders, consisting of a cash commission of up to 7% of the gross proceeds and finder warrants equal to up to 7% of the units sold [2]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for general corporate purposes and to fund exploration expenditures on the company's properties [2]. Group 3: Company Overview - Future Mineral is focused on acquiring and advancing brownfield, development-stage, and early production-stage mining projects across the Americas, Australia, Africa, and Europe [3].

Future Mineral Announces $4.5m Financing - Reportify