Future Fuels Announces $2 Million LIFE Flow-Through Offering

Core Viewpoint - Future Fuels Inc. is initiating a non-brokered private placement to raise up to C$2,000,000 through the sale of "flow-through" units, aimed at funding Canadian exploration expenses related to critical minerals projects [1][4]. Group 1: Offering Details - The private placement will consist of up to 2,469,135 "flow-through" units priced at C$0.81 each, with each unit comprising one "flow-through" Common Share and one purchase warrant [1][2]. - Each warrant will allow the purchase of one Common Share at a price of C$1.00 for a period of 24 months from the closing date, expected around February 27, 2026 [2][3]. - The offering is made under the Listed Issuer Financing Exemption, allowing it to be offered to purchasers across all Canadian provinces without a hold period [3]. Group 2: Use of Proceeds - The gross proceeds from the offering will be allocated to incur "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" under the Tax Act [4]. Group 3: Company Overview - Future Fuels' principal asset is the Hornby Uranium Project, covering 3,407 km² in north-western Nunavut, which includes over 40 underexplored uranium showings [8]. - The company also holds the Corvette Property in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares [8].