Future Fuels Announces $2 Million LIFE Flow-Through Offering

Rhea-AI Summary

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.

Positive

• Raises C$2,000,000 to fund Canadian exploration
• Units priced at C$0.81 with attached 24‑month warrants

Negative

• Issues up to 2,469,135 units, creating potential dilution
• FT Warrants not listed for trading, limiting secondary liquidity

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESS Newswire / February 3, 2026 / Future Fuels Inc. (TSXV:FTUR)(OTCQB:FTURF)(FWB:S0J) ("Future Fuels" or the "Company"), a critical mineral exploration company, is pleasedto announce that it intends to complete a non-brokered private placement for gross proceeds of up to C$2,000,000 from the sale of up to 2,469,135 "flow-through" units of the Company (each, a "FTUnit", and collectively, the "FT Units") on a charity flow-through basis at a price of C$0.81 per FT Unit (the "LIFE Offering") under the Listed Issuer Financing Exemption (as defined below).

Each FT Unit will consist of one "flow-through" Common Share (each, a "FT Share" and collectively, "FT Shares") and one "flow-through" Common Share purchase warrant (each a "FT Warrant" and collectively, "FT Warrants"), issued as "flow-through shares", as defined in subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"). Each FT Warrant will be exercisable to acquire one Common Share (each a "Warrant Share", and collectively, "Warrant Shares") at a price of $1.00 per Warrant Share for a period of 24 months from the LIFE Closing Date (as defined below). The Warrant Shares underlying the FT Units will not qualify as "flow-through shares" under the Tax Act. The FT Warrants to be issued pursuant to the LIFE Offering will not be listed for trading on any stock exchange. The LIFE Offering is expected to close on or about February 27, 2026 (the "LIFE Closing Date"), or such other date as determined by the Company, such date being no later than 45 days from the date hereof.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the LIFE Offering is being made to purchasers resident in all provinces and territories of Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.

The gross proceeds of the LIFE Offering will be used to incur "Canadian exploration expenses" that are "flow-through critical mineral mining expenditures", within the meaning of the Tax Act, on the Company's Canadian critical minerals projects.

There is an offering document (the "Offering Document") related to the LIFE Offering that can be accessed under the Company's issuer profile on SEDAR+ at www.sedarplus.ca and on the Company's website at: www.futurefuelsinc.com. Prospective investors should read this Offering Document before making an investment decision.

The Company may pay finder's fees in connection with the LIFE Offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Completion of the LIFE Offering is subject to customary conditions and the receipt of all necessary approvals.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Future Fuels Inc.

Future Fuels' principal asset is the Hornby Uranium Project, covering the entire 3,407 km² Hornby Basin in north-western Nunavut, a geologically promising area with over 40 underexplored uranium showings, including the historic Mountain Lake Deposit. Additionally, Future Fuels holds the Corvette Property in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares.

On Behalf of the Board of Directors

~Rob Leckie~

Rob Leckie

CEO, Director
Future Fuels Inc.

info@futurefuelsinc.com
604-681-1568

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements regarding the Company's exploration and development plans with respect its projects, statements regarding the LIFE Offering including, without limitation, statements regarding the completion or the expected LIFE Closing Date, the payment of finder's fees, the receipt of regulatory approvals, and the use of gross proceeds, and the Company's anticipated business and operational activities. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, the inherently unpredictable nature of resource exploration, market conditions and the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect, and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward- looking statements as expressly required by applicable law.

SOURCE: Future Fuels Inc.

View the original press release on ACCESS Newswire

FAQ

What are the terms of Future Fuels' LIFE offering (FTURF) announced February 4, 2026?

The LIFE offering will sell up to 2,469,135 FT Units at C$0.81 each, raising up to C$2,000,000. According to the company, each unit contains one flow-through share and one warrant exercisable at $1.00 for 24 months.

When does the FTURF LIFE Offering expect to close and what is the deadline?

The company expects the LIFE Offering to close on or about February 27, 2026, no later than 45 days from the announcement date. According to the company, closing is subject to customary conditions and regulatory approvals.

How will Future Fuels (FTURF) use the proceeds from the C$2,000,000 LIFE Offering?

Proceeds will be used to incur Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures. According to the company, the funds will be spent on its Canadian critical minerals projects to generate tax-advantaged exploration expenses.

What are the warrant terms in Future Fuels' FTURF offering and do they qualify as flow-through?

Each FT Unit includes one warrant exercisable at $1.00 per share for 24 months. According to the company, the warrant shares will not qualify as flow-through shares under the Income Tax Act.

Will FTURF securities from the LIFE Offering be tradable immediately after issuance?

Securities sold under the Listed Issuer Financing Exemption will not be subject to a Canadian hold period, so they may be freely tradeable. According to the company, the FT Warrants themselves will not be listed for trading on any exchange.