Future Fuels Announces Completion of $2.2 Million Life Offering
Rhea-AI Summary
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.
Positive
- C$2.22M gross proceeds raised for exploration
- Proceeds dedicated to flow-through critical mineral Canadian exploration expenses
- Financing completed under Listed Issuer Financing Exemption (no resale restrictions)
Negative
- 2,959,747 warrants issued could dilute shareholders if exercised
- FT Warrants will not be listed, limiting secondary-market liquidity for warrants
News Market Reaction
On the day this news was published, FTURF declined 5.43%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / October 31, 2025 / Future Fuels Inc. (TSXV:FTUR)(OTCQB:FTURF)(FWB:S0J) ("Future Fuels" or the "Company") is pleased to announce that, further to its previous news releases dated September 5, 2025 and October 9, 2025, it has completed a non-brokered private placement for gross proceeds of C
Each FT Unit consists of one charity "flow-through" common share (each, an "FT Share" and collectively, the "FT Shares") and one common share purchase warrant (each an "FT Warrant" and collectively, the "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 is exercisable to acquire one common share (each a "Warrant Share", and collectively, the "Warrant Shares") at a price of
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the LIFE Offering was made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The securities offered under the LIFE Offering pursuant to the Listed Issuer Financing Exemption are not subject to resale restrictions in accordance with applicable Canadian securities laws. There is an amended and restated offering document dated October 9, 2025 (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.
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
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 Covette Property in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares.
On behalf of the Board of Directors
FUTURE FUELS INC.
"Rob Leckie"
Rob Leckie, CEO
Tel: 604.681.1568
Email: info@futurefuelsinc.com
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 to its projects and statements regarding the LIFE Offering including, without limitation, statements regarding 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 did Future Fuels announce on October 31, 2025 regarding financing (FTUR/FTURF)?
What is included in each FT Unit in the Future Fuels LIFE Offering (FTUR)?
How will Future Fuels (FTUR) use the C$2.22M proceeds from the LIFE Offering?
Do the Warrant Shares from Future Fuels’ LIFE Offering qualify as flow-through shares?
Were Future Fuels’ FT Warrants listed for trading after the offering (FTUR)?
Where can investors find the Future Fuels offering document for the October 2025 LIFE Offering (FTUR)?
