Future Fuels Inc. Completes $1 Million Private Placement

Future Fuels Inc. has announced the successful closure of its non-brokered private placement, raising $1 million. The company issued 2,222,222 flow-through common shares at a price of $0.45 each. This move is aligned with Canada's Income Tax Act for flow-through critical mineral mining expenditures, highlighting the company's focus on mineral exploration in Canada.

A cash finder's fee of $59,999 accompanied the completion of this transaction. The newly issued securities are subject to a hold period of four months and one day in adherence to securities regulations. The funds are earmarked for exploration activities in Canada, aimed at advancing Future Fuels' mineral resource assets.

Future Fuels' portfolio includes the Hornby Uranium Project in Nunavut and the Covette Property in Quebec. These projects underscore the company's ongoing commitment to exploring promising mineral regions in Canada.