Future Fuels Inc. Grants Stock Options

Rhea-AI Summary

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.

Positive

• 1,500,000 incentive stock options granted at $1.20 per share
• 1,500,000 RSUs granted with defined vesting schedule
• Options vest immediately, enabling prompt exercise choices

Negative

• Potential issuance of up to 3,000,000 shares if all awards settle
• Options expire in three years, limiting long-term incentive horizon

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, at a price of $1.20 per Share. The Options will vest immediately. All Options and the Shares underlying such Options are subject to a hold period of four months and one day from the date of issuance.

Additionally, the Company announces that is has granted an aggregate of 1,500,000 restricted share units (each, a "RSU") which will vest on the date that is four (12) months from the date of grant, provided that the holder may, upon written notice to the Company on or before the vesting date, elect to defer vesting of certain of the RSUs such that the RSUs shall vest as to one quarter (1/4) every four (4) months with the initial vesting date being the date that is four (12) months from the date of grant. Each RSU represents the right to receive, once vested, one common share in the capital of the Company.

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. Additionally, Future Fuels holds the Covette Property in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares. Future Fuels Inc. is publicly listed in Canada on the TSX Venture Exchange, under the symbol "FTUR," and in Germany on the Börse Frankfurt under the symbol "S0J" or WKN: A40TUW. You are invited to find out more at www.futurefuelsinc.com where you can subscribe for News Alerts, or follow us on Facebook, X.com or LinkedIn.

On behalf of the Board of Directors

FUTURE FUELS INC.

"Rob Leckie"
Rob Leckie, CEO

Tel: 604.681.1568
Email: info@futurefuelsinc.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release may contain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements with respect to the future vesting dates respecting the Options. Forward-looking statements are subject to various known and unknown risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Future Fuels Inc.

View the original press release on ACCESS Newswire

FAQ

How many stock options did Future Fuels (TSXV:FTUR) grant on October 20, 2025?

The company granted an aggregate of 1,500,000 incentive stock options on October 20, 2025.

What is the exercise price and expiry date for FTURF options granted October 20, 2025?

Options are exercisable at $1.20 per share and expire on October 20, 2028.

When do the 1,500,000 RSUs granted by Future Fuels vest and convert to shares?

RSUs vest on the date 12 months from the grant, or can be deferred to vest 25% every four months thereafter; each vested RSU converts to one share.

Are the FTURF options and shares immediately tradable after issuance?

No; all options and underlying shares are subject to a statutory hold period of four months and one day from issuance.

What is the maximum number of shares that could be issued from the October 20, 2025 grants?

If all awards are settled, up to 3,000,000 common shares could be issued (1,500,000 options + 1,500,000 RSUs).

Do the FTURF options have any vesting delay for holders?

No; the granted options vest immediately according to the announcement.