Future Fuels Initates Drill Permitting at Hornby; Marketing Update
Rhea-AI Summary
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.
Positive
- Permitting initiated for Hornby Project drilling starting summer 2026
- Planned up to 10,000 metres of diamond drilling
- Seasonal 25‑person helicopter‑supported exploration camp planned
- Marketing budget increased by €155,000 through Dec 31, 2025
Negative
- None.
News Market Reaction
On the day this news was published, FTURF declined 0.20%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers showed mixed moves, with names like FTMDF and GOMRF up while CYDVF, PGZFF and SRLZF were down, suggesting FTURF’s slight gain of 0.19% was more stock-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | Permitting & marketing | Positive | -0.2% | Initiated Hornby drill permitting and expanded MCS marketing budget. |
| Nov 04 | Marketing agreement | Positive | -0.3% | Entered €155,000 online investor marketing agreement with MCS. |
| Oct 31 | LIFE financing | Negative | -5.4% | Completed C$2.22M LIFE offering with units and 24‑month warrants. |
| Oct 20 | Equity compensation | Negative | +3.8% | Granted 1.5M options and 1.5M RSUs to executives and consultants. |
| Oct 17 | Gravity survey results | Positive | +7.9% | Completed 2,000-hectare gravity survey to guide 2026 drilling. |
Recent news often saw muted or negative next-day reactions, including divergences on permitting, marketing and compensation updates, while strong positive alignment appeared mainly around technical exploration milestones and financing.
This announcement continues Future Fuels’ focus on the Hornby Basin Project and investor outreach. In October 2025, the company completed a C$2.22M LIFE offering to fund exploration, followed by gravity survey results guiding a planned 2026 drill campaign, which saw a 7.87% positive reaction. Corporate actions included stock option and RSU grants on October 20, 2025 and a marketing agreement with MCS on October 31, 2025, plus a further marketing update on November 4, 2025 that drew slightly negative price responses.
Market Pulse Summary
This announcement details Future Fuels’ next steps at Hornby, including formal drill permitting and a planned 10,000‑metre diamond drilling program supported by a 25‑person seasonal camp. It also increases the MCS marketing budget by €155,000 through December 31, 2025. In context of recent financing and gravity survey work, the news highlights continued project preparation. Investors may watch for permitting progress, firm drilling schedules, and how marketing efforts impact liquidity and awareness.
Key Terms
diamond drilling technical
drone photogrammetry technical
geophysics technical
downhole surveys technical
national instrument 43-101 regulatory
AI-generated analysis. Not financial advice.
VANCOUVER, BC / ACCESS Newswire / December 4, 2025 / Future Fuels Inc. (TSXV:FTUR)(FSE:S0J) ("Future Fuels" or the "Company") is pleased to announce that it has that it has formally initiated the permitting process for drilling at its
Future Fuels has begun the process of submitting the required documentation involved in the proposal of an exploration program at the Hornby Project beginning in summer 2026. The program is expected to include up to 10,000 metres of diamond drilling with up to two helicopter portable drill rigs. Future Fuels also anticipates undertaking geological mapping, prospecting, geochemical sampling, drone photogrammetry, ground and airborne geophysics, and downhole surveys. A seasonal 25-person helicopter-supported exploration camp is planned near Mountain Lake with all infrastructure constructed in accordance with Nunavut guidelines. Drillhole locations will be submitted to the Nunavut Water Board ("NWB") and Crown-Indigenous Relations and Northern Affairs Canada ("CIRNAC") ahead of ground disturbance, and all drill sites will undergo archaeological inspection prior to collaring. The Nunavut Planning Commission has previously confirmed that the Project lies outside areas subject to a regional land use plan.
Future Fuels will continue to provide updates as the exploration permitting process continues to advance.
Marketing update
Further to the Company's November 5, 2025 news release, the Company also wishes to announce that it has increased the maximum budget of its renewed October 31, 2025 engagement with MCS Market Communication Service GmbH ("MCS") for the continued provision of a range of on-line marketing services, including campaign creation and production of marketing materials, as well as research and analytics, by up to an additional 155,000 euros. The services are expected to run until December 31, 2025, or until budget exhaustion. No securities have been provided to MCS or its principals as compensation.
National Instrument 43-101 Disclosure
Nicholas Rodway, P. Geo, (NAPEG Licence # L5576) is a consultant of the company and is a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Properties. Mr. Rodway has reviewed and approved the technical content in this release.
About Future Fuels Inc.
Future Fuels' principal asset is the Hornby 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 System. Additionally, Future Fuels holds the Covette Project 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, CEO and Director
info@futurefuelsinc.com
604-681-1568
X: @FutureFuelsInc
www.futurefuelsinc.com
Forward Looking Statements
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.
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. 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 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, including, but not limited to, statements regarding the Hornby Project, the prospects of the mineral claims forming the Hornby Project, which are not at an advanced stage of development, the Company's anticipated business and operational activities, and the Company's plans with respect to the exploration or advancement of the Hornby Project. Factors that could cause actual results to vary from forward-looking statements or may affect the operations, performance, development and results of the Company's business include, among other things, the Company's ability to generate sufficient cash flow to meet its current and future obligations; that mineral exploration is inherently uncertain and may be unsuccessful in achieving the desired results; that mineral exploration plans may change and be re-defined based on a number of factors, many of which are outside of the Company's control; the Company's ability to access sources of debt and equity capital; competitive factors, pricing pressures and supply and demand in the Company's industry; and general economic and business. 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 does Future Fuels (FTURF) plan for Hornby Basin in summer 2026?
Has Future Fuels (FTURF) started permitting for Hornby Project drilling?
Where is the Hornby Basin project relative to communities and land use plans?
What exploration support will Future Fuels (FTURF) use at Hornby Project?
What marketing change did Future Fuels (FTURF) announce on Dec 5, 2025?
Will Future Fuels (FTURF) issue shares to MCS as compensation?
