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Future Fuels (TSXV:FTUR) has formally initiated the permitting process for drilling at its 100%‑owned Hornby Basin Uranium Project, located ~95 km southwest of Kugluktuk, Nunavut. The company is proposing a summer 2026 exploration program that could include up to 10,000 metres of diamond drilling using up to two helicopter portable rigs plus geological mapping, geochemistry, drone photogrammetry, airborne/ground geophysics and downhole surveys. A seasonal 25‑person helicopter‑supported camp is planned with infrastructure built to Nunavut guidelines, and drill sites will undergo archaeological inspection before collaring.
Marketing: Future Fuels increased its marketing engagement budget with MCS by €155,000 for services through December 31, 2025; no securities were issued as compensation.
Future Fuels (TSXV:FTUR / OTCQB:FTURF) entered a 60-day marketing services agreement dated October 31, 2025 with MCS Market Communication Service GmbH of Lüdenscheid, Germany.
MCS will deliver online investor marketing across European and North American markets, including campaign creation, advertorial production and digital advertising. The total campaign budget is €155,000, payable from the company’s working capital: €77,500 up front and €77,500 within 30 days. Services are scheduled to run through end of December 2025. No securities will be issued to MCS or its principals and MCS and its principal are stated to be arm’s length and hold no interest in company securities. The agreement is subject to TSX Venture Exchange approval.
Future Fuels (TSXV:FTUR; OTCQB:FTURF) on October 31, 2025 completed a non-brokered LIFE Offering raising gross proceeds of C$2,219,810.25.
The company sold 2,959,747 flow-through units at C$0.75 each; each unit includes one flow-through common share and one warrant exercisable at $0.80 for 24 months. Warrant shares will not qualify as flow-through shares and the FT Warrants will not be listed.
Proceeds will be used to incur Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures on the company’s 100%‑owned Hornby Basin Project. The financing was completed under the listed issuer financing exemption and an amended offering document dated October 9, 2025 is available on SEDAR+ and the company website.
Future Fuels (TSXV:FTUR) announced executive and consultant equity awards on October 20, 2025. The company granted an aggregate of 1,500,000 incentive stock options exercisable at $1.20 per share, expiring on October 20, 2028, with immediate vesting and a statutory hold period of four months and one day.
In addition, the company granted 1,500,000 restricted share units (RSUs) that vest on the date 12 months from grant, with an optional deferral to vest 25% every four months thereafter; each RSU converts to one common share when vested.
Future Fuels (TSXV:FTUR / OTCQB:FTURF) completed a 2,000-hectare high-resolution Phase One ground gravity survey at its Hornby Basin Project on October 17, 2025, covering Mountain Lake and radioactive boulder trains near Curiosity and Sauna Lakes.
The survey used 200–400 m line spacing and 100 m stations, more than tripling previous gravity coverage, and builds on 2022 and 2024 surveys that correlated gravity highs/lows with Units 11/12 and fault offsets. Data are being processed and will guide a planned 2026 diamond drilling campaign as the first subsurface test by Future Fuels at Hornby Basin.
Future Fuels (TSXV:FTUR, OTCQB:FTURF) filed an Amended and Restated Offering Document on October 9, 2025 for its LIFE Offering under the listed issuer financing exemption (Part 5A of NI 45-106 as modified by CBO 45-935). The amendment reflects recent corporate developments, including progress at the company's 100%‑owned Hornby Basin Project. All other terms of the LIFE Offering remain unchanged.
The company expects to close the LIFE Offering on or about October 31, 2025, subject to required regulatory approvals, including the TSX Venture Exchange. Offering documents are available on SEDAR+.
Future Fuels (TSXV:FTUR, OTCQB:FTURF) announced it has acquired high-resolution geophysical data covering the Mountain Lake system at its wholly owned Hornby Basin Project, located approximately 95 kilometres southwest of Kugluktuk, Nunavut. The company said it will immediately re-process and integrate the dataset into Vrify's DORA AI platform to produce the first high-resolution geophysical coverage directly over Mountain Lake.
Future Fuels expects the digitized, AI-processed data to help identify geophysical signatures tied to known mineralization and to generate new high-priority drill targets across its district-scale land position.
Future Fuels (OTCQB:FTURF) has announced a non-brokered private placement to raise up to C$2,250,000 through a flow-through unit offering. The company will issue up to 3,000,000 FT Units at C$0.75 per unit under the Listed Issuer Financing Exemption.
Each FT Unit includes one flow-through common share and one warrant exercisable at C$0.80 for 24 months. The offering is expected to close around September 23, 2025. Proceeds will fund Canadian exploration expenses for critical minerals projects.
Additionally, the company has renewed its marketing agreement with MCS for €155,000 plus 16% agency fee and engaged Rumble Strip Media for C$250,000 to provide investor relations services.
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