Future energy products Inc. (FTURF) reports company developments tied to uranium mineral exploration, project permitting, financing, and public-market status. The company’s principal asset is the Hornby Basin Uranium Project in northwestern Nunavut, and it also holds the Covette Project in Quebec’s James Bay region. Recurring updates include Hornby exploration planning and permitting, capital raises using flow-through share and warrant structures, offering-document disclosures, and trading-status changes such as its graduation to the OTCQX market.
Future Fuels (FTURF) closed its previously announced brokered private placement, raising C$6,569,426 in gross proceeds through two types of units. The offering comprised 6,342,750 units at C$0.32 each and 11,946,700 flow-through units at C$0.38 each. Each unit includes one common share and one warrant; each flow-through unit includes one flow-through common share and half a warrant. Whole warrants allow share purchases at C$0.45 through October 22, 2029.
The company intends to use net unit proceeds for Hornby Basin exploration and general corporate purposes. Flow-through share proceeds must fund qualifying exploration expenditures by December 31, 2027. Sole agent Red Cloud Securities received C$423,858.12 in cash fees and 1,169,127 broker warrants exercisable at C$0.32 through October 22, 2029. The offering remains subject to final TSX Venture Exchange approval.
Future Fuels (FTURF) entered an agreement with Red Cloud Securities for a best-efforts private placement targeting up to C$8 million. Units priced at C$0.32 contain one common share and one warrant; flow-through units priced at C$0.38 contain one tax-designated common share and half a warrant. Each whole warrant buys one share at C$0.45 for 36 months after closing. The offering requires at least 6,250,000 regular units, raising C$2 million. Red Cloud may sell up to C$2 million more through an agent's option.
The company intends to direct regular-unit net proceeds toward Hornby Basin and Hatchet Lake exploration, plus general corporate needs. Flow-through share gross proceeds must fund qualifying exploration by December 31, 2027. Closing is scheduled for October 22, 2026, or another agreed date, subject to regulatory approvals, including TSX Venture Exchange approval.
Future Fuels (OTCQX:FTURF) reported AI-assisted prospectivity mapping results for its 100%-owned Hornby Basin Uranium Project in Nunavut, covering 3,407 km².
VRIFY’s DORA platform outlined multiple high-priority Targets, including the new undrilled Lambda Target near the historic 8.2-million-pound Mountain Lake uranium system, plus validated zones such as Bluto, 3Ts, Echo and Contact Lake.
The company plans 2026 airborne geophysics, mapping, geochemical sampling and permitting for a drill program to advance these AI-generated uranium Targets.
Future Fuels (OTCQX:FTURF) reported results of advanced 3D gravity inversion for its 100%-owned Hornby Basin Uranium Project in Nunavut. The work over the Mountain Lake area integrates 2022–2025 gravity data and refines structural and stratigraphic controls on uranium mineralisation.
The modelling confirms a distinct density anomaly (ML-Anom-1) coincident with the known Mountain Lake uranium system and outlines five additional priority targets: South-Anom-1, JL-Anom-1, North-Anom-1, North-Anom-2 and North-Anom-3. These form a drill-ready target inventory for the planned 2026 program.
Future Fuels (TSXV:FTUR, OTC:FTURF) completed the acquisition of Hatchet Uranium via a three‑cornered amalgamation, forming wholly owned subsidiary Future Fuels Athabasca. The deal adds about 97,674 hectares of Athabasca Basin uranium exploration claims plus optioned interests, in exchange for 14,999,989 shares and 1,104,743 warrants.
Future Fuels (TSXV:FTUR / OTCQX:FTURF) completed a non-brokered "LIFE Offering" of 2,469,135 flow-through units for gross proceeds of C$2,000,000 at C$0.81 per unit on April 8, 2026.
Each unit includes one flow-through share and one warrant exercisable at C$1.00 for 24 months; proceeds are earmarked for Canadian exploration expenses on the 100%-owned Hornby Basin Project and will not be used for the Hatchet Uranium acquisition until TSXV approval.
Future Fuels (TSXV:FTUR / OTCQX:FTURF) filed an Amended and Restated Offering Document dated March 19, 2026 for its LIFE Offering under Part 5A of NI 45-106, reflecting a recently signed amalgamation agreement to acquire Hatchet Uranium Corp.
All other LIFE Offering terms remain unchanged. The company expects to close the LIFE Offering on or about April 8, 2026, subject to required regulatory approvals including the TSX Venture Exchange.
Future Fuels (TSXV:FTURF) agreed to acquire Hatchet Uranium Corp (HUC) via a three‑cornered amalgamation dated February 26, 2026, creating a wholly owned subsidiary expected to be renamed Future Fuels Athabasca Inc.
The deal brings ~97,674 hectares in the Athabasca/WMTZ area, includes exchange ratios (0.760836 Consideration Shares and Warrants per HUC security), escrow/hold periods, royalty obligations, and customary closing conditions.
Future Fuels (TSXV:FTUR / OTCQB:FTURF) announced a non-brokered charity flow-through offering to raise up to C$2,000,000 via the sale of up to 2,469,135 FT Units at C$0.81 per unit. Each FT Unit includes one flow-through common share and one warrant exercisable at $1.00 for 24 months.
Proceeds will be used to incur qualifying Canadian exploration expenses on its critical minerals projects. The LIFE Offering is expected to close on or about February 27, 2026, subject to approvals.
Future Fuels (TSXV:FTUR / OTCQX:FTURF) reported results from its 2025 ground gravity survey at the 100%‑owned Hornby Basin uranium project near Kugluktuk, Nunavut. The program doubled the historical gravity dataset, produced a unified Complete Bouguer Anomaly grid at 12.5‑m resolution, and identified six priority gravity anomalies, including Grav_Anom_5 coincident with the historical Mountain Lake uranium system and Grav_Anom_6 as a new drill target. EarthEx recommended 3D inversion, 2D modelling and additional infill surveying. Future Fuels is evaluating these steps alongside a proposed 10,000‑metre 2026 drill program and plans for additional geophysics and a seasonal camp.
Separately, the company entered a 60‑day marketing services agreement with MCS for €155,000, payable from working capital, pending TSXV approval.