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Future Fuels Inc. Enters into Agreement to Acquire Hatchet Uranium Corp
Accessnewswire· 2026-02-26 13:20
VANCOUVER, BC / ACCESS Newswire / February 26, 2026 / Future Fuels Inc. (TSXV:FTUR)(FSE:S0J) ("Future Fuels") and ValOre Metals Corp. ("ValOre") are pleased to announce that Future Fuels, Hatchet Uranium Corp. ("HUC"), a 51% owned subsidiary of ValOre, and 1564470 B.C. Ltd. ("Subco"), a wholly-owned subsidiary of Future Fuels, have entered into an amalgamation agreement (the "Amalgamation Agreement"), pursuant to which Future Fuels has agreed to acquire all of the issued and outstanding securities of HUC by ...
Joint Press Release of Future Fuels Inc. and ValOre Metals Corp. – Future Fuels Inc. Enters Into Agreement to Acquire Hatchet Uranium Corp.
Globenewswire· 2026-02-26 12:00
Core Viewpoint - Future Fuels Inc. is acquiring Hatchet Uranium Corp. (HUC) through a three-cornered amalgamation, enhancing its uranium exploration portfolio in the Athabasca Basin, a region known for its rich uranium deposits [1][2]. Company Overview - Future Fuels Inc. holds significant assets, including the Hornby Project in Nunavut and the Covette Project in Quebec, focusing on uranium exploration [23]. - ValOre Metals Corp. is a key player in this transaction, with HUC being a 51% owned subsidiary, indicating a strategic partnership aimed at capitalizing on uranium exploration opportunities [1][2]. Acquisition Details - The amalgamation agreement stipulates that HUC will amalgamate with Subco, with Future Fuels acquiring all outstanding securities of HUC [17]. - Each common share of HUC will be exchanged for 0.760836 of a common share in Future Fuels, and similar terms apply to HUC's warrants [17][20]. HUC Properties Summary - HUC holds interests in five claim blocks totaling approximately 97,674 hectares in the Wollaston Lake area, primarily within the Wollaston–Mudjatik Transition Zone [3]. - The Hatchet Lake Property, part of HUC's assets, covers about 13,711 hectares and has shown promising uranium readings, including up to 22,000 CPS and 1,637 ppm U [5][6]. Exploration History - HUC's properties have been explored since the late 1960s, employing various geological and geophysical methods, with recent advancements including the use of AI for target generation [4][6]. - The Highway Property, another asset, spans approximately 17,606 hectares and has identified uranium-bearing materials with readings up to 4,366 CPS and 230 ppm U [8][10]. Financial Aspects - The acquisition involves a financial advisory consulting agreement for a convertible debenture of $250,000, convertible into 5,000,000 HUC Shares prior to the acquisition completion [18][19]. - Upon completion, approximately 15,000,007 Consideration Shares and 1,104,743 Consideration Warrants will be issued to HUC's former securityholders [20]. Strategic Implications - The acquisition is expected to create a strong entity in the Canadian uranium exploration sector, enhancing market exposure and attracting capital for exploration programs [2].
Future Fuels Announces $2 Million LIFE Flow-Through Offering
Accessnewswire· 2026-02-04 01:15
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].
Future Fuels Completes Gravity Survey At Hornby; Multiple Priority Anomalies Identified; Marketing Update
Accessnewswire· 2026-01-14 23:45
Core Insights - Future Fuels Inc. has announced the successful completion of a 2025 ground gravity survey at its Hornby Basin Uranium Project, which is the most detailed gravity dataset ever acquired in the region [1][2] - The survey identified several high-priority gravity anomalies associated with structural corridors and known uranium mineralization, enhancing the understanding of subsurface density architecture [2][10] Survey Details - The gravity survey was conducted by EarthEx Geophysical Solutions Inc. and involved advanced techniques, including the use of multiple Scintrex CG-5 gravimeters and a dual-frequency Emlid Reach RS2/RS2+ RTK GNSS system [4] - The program more than doubled the size of the historical IsoEnergy gravity dataset, merging new data with datasets from previous years [3][4] Findings and Implications - The survey revealed a pronounced northeast-southwest trending gravity fabric, with significant anomalies identified in the central structural block, particularly around the Mountain Lake area [6][8] - Notably, a strong positive gravity anomaly was detected over the known uranium system, suggesting a measurable density signature at depth, validating gravity as an effective exploration tool [8][10] Future Plans - EarthEx has recommended several next steps, including high-resolution 3D inversion of the gravity dataset and advanced modeling to refine exploration targets [9] - Future Fuels is evaluating these recommendations as part of its 2026 exploration planning, which includes a proposed 10,000-meter drill program and additional geophysical work [9][10] Marketing Update - Future Fuels has entered into a 60-day marketing services agreement with MCS Market Communication Service GmbH to enhance visibility in European and North American markets, with a total budget of 155,000 euros [11][12]
OTC Markets Group Welcomes FUTURE FUELS INC to OTCQX
Globenewswire· 2026-01-07 12:00
Group 1 - Future Fuels Inc has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market [1][3] - The company begins trading under the symbol "FTURF" and U.S. investors can access financial disclosures and real-time quotes on the OTC Markets website [2] - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices, enhancing visibility among U.S. investors [3] Group 2 - Rob Leckie, CEO of Future Fuels Inc, stated that the upgrade reflects the company's financial strength and commitment to transparent disclosure, aiming to engage a broader base of U.S. investors [4] - Future Fuels' principal asset is the Hornby Project, covering 3,407 km² in northwestern Nunavut, which has over 40 underexplored uranium showings [5] - The company also holds the Covette Project in Quebec, comprising 65 mineral claims over 3,370 hectares [5] Group 3 - OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities, providing critical market infrastructure for broker-dealers [6]
Future Fuels Initates Drill Permitting at Hornby; Marketing Update
Accessnewswire· 2025-12-05 01:35
Core Insights - Future Fuels Inc. has initiated the permitting process for drilling at its 100%-owned Hornby Basin Uranium Project located approximately 95 kilometers southwest of Kugluktuk, Nunavut [1] Company Developments - The company has begun submitting the required documentation for an exploration program at the Hornby Project, which is set to commence in summer 2026 [1]
Future Fuels Engages MCS Market Communication Service GmbH for Marketing Services
Accessnewswire· 2025-11-04 22:20
Core Insights - Future Fuels Inc. has entered into a 60-day marketing services agreement with MCS Market Communication Service GmbH to enhance its visibility in European and North American markets [1] Company Overview - The agreement is dated October 31, 2025, and involves a range of online marketing and investor awareness services [1] - Services provided by MCS will include campaign creation, advertorial production, and digital advertising initiatives [1]
Future Fuels Announces Completion of $2.2 Million Life Offering
Accessnewswire· 2025-10-31 20:40
Core Viewpoint - Future Fuels Inc. has successfully completed a non-brokered private placement, raising gross proceeds of C$2,219,810.25 through the sale of 2,959,747 "flow-through" units at a price of C$0.75 per unit [1] Group 1: Financial Details - The private placement was conducted under the Listed Issuer Financing Exemption [1] - Each "flow-through" unit consists of one charity "flow-through" common share and one common share purchase warrant [1] - The total gross proceeds from the offering amount to approximately C$2.22 million [1]
Future Fuels Inc. Grants Stock Options
Accessnewswire· 2025-10-20 23:20
VANCOUVER, BC / ACCESS Newswire / October 20, 2025 / Future Fuels Inc. (the "Company" or "Future Fuels") (TSXV:FTUR)(FWB:S0J) wishes to announce that it has granted (the "Grant") an aggregate of 1,500,000 incentive stock options (each, an "Option") to purchase up to 1,500,000 common shares of the Company (each, a "Share") to certain directors, officers and consultants under its Equity Incentive Plan. The Options are exercisable for a period of three years from the date of Grant, expiring on October 20, 2028 ...
Future Fuels Concludes Gravity Survey at the Hornby Basin Project
Accessnewswire· 2025-10-17 20:55
Core Insights - Future Fuels Inc. has successfully completed the Phase One gravity exploration program at its Hornby Basin Project, which is located approximately 95 kilometers southwest of Kugluktuk, Nunavut [1] Group 1: Project Details - The gravity survey covered an area of 2,000 hectares with line spacing of 200-400 meters and station intervals of 100 meters [1] - The survey focused on the Mountain Lake uranium system and radioactive boulder trains at Curiosity and Sauna Lakes [1] - Historical data from Imperial Oil indicated uranium concentrations of up to 6% UO in 1973 [1]