Future Fuels Completes $2 Million Private Placement

Future Fuels Inc., a company based in Vancouver, has successfully concluded a non-brokered private placement, raising C$2,000,000. This funding was achieved through the sale of 2,469,135 "flow-through" units priced at C$0.81 each. Each unit comprises one charity flow-through common share and one share purchase warrant. These warrants allow acquisition of additional common shares at $1.00 each within 24 months.

The proceeds will fund Canadian exploration expenses, aligning with the Tax Act's definition of flow-through critical mineral mining expenditures. These efforts are focused on Future Fuels' Hornby Basin Project. The offering complies with Canada's National Instrument 45-106, and hence, the securities are not under resale restrictions.

Future Fuels clarified that the funds will not support its proposed acquisition of Hatchet Uranium Corp. until the acquisition is approved by the TSX Venture Exchange. The offering remains outside U.S. jurisdiction, in line with the U.S. Securities Act requirements.