Future Mineral Delivers Potentially Transformational Transaction with Agreement to Acquire 100% Ownership of High-Grade Nickel–Zinc–Lead Project in Poland; Amends $4.5m Financing Terms

Core Viewpoint - Future Mineral Resources Inc. has entered into a share purchase agreement to acquire the remaining 52% ownership interest in its nickel-zinc-lead project in Poland, aiming to consolidate 100% ownership of a significant polymetallic exploration asset in Europe, coinciding with a strengthening market for base metals and critical minerals essential for electrification and industrial growth [1][2]. Acquisition Details - The acquisition involves purchasing 100% of the issued shares of Forbes EV Metals Inc., which owns the 52% interest in Ferrite Resources Polska sp. z o.o., a private Polish company [2]. - Future Mineral initially acquired a 48% interest in the project in June 2025, and this acquisition will complete the consolidation [3]. Project Overview - The project includes the Szklary nickel deposit and the Dabrowka zinc-lead deposit, located in Poland's established mining corridor [3]. - Historical production at the Szklary site is recorded at 3.5 million tonnes with nickel grades between 1-2.5% [4]. - The Szklary project has a historic JORC inferred resource of 16.8 million tonnes at 0.60% Ni, equating to 94,000 tonnes of contained nickel, although this estimate covers only a portion of the mineral trend [4]. Exploration Plans - Future Mineral plans to conduct approximately 30 confirmatory drill holes to validate and expand historical estimates, with a proposed 24-month exploration program including geophysical surveys and environmental studies [5]. - The exploration aims to increase existing JORC-compliant mineral resources at Szklary [5]. Infrastructure and Strategic Advantages - The Szklary project benefits from existing infrastructure, including two operating smelters within 20 km, and established road and rail access, which reduces development risk [19]. - Poland's stable, mining-friendly regulatory framework supports strategic metals critical to electrification and energy security [19]. Financial Terms - The company will pay an aggregate of $2.6 million to the vendors and enter into a 36-month operating agreement with Forbes & Manhattan, Inc. at $50,000 per month [13]. - The acquisition is subject to customary conditions, including approval from the Toronto Stock Exchange and completion of an amended private placement offering [11]. Upcoming Catalysts - The anticipated closing of the acquisition and the amended offering is expected in early 2026, with ongoing drilling at both the Szklary and Dabrowka projects [11][13].