Future Fuels Closes C$6.6 Million Private Placement

Future Fuels Inc. has successfully closed its private placement, raising gross proceeds of approximately C$6.57 million. The offering comprised 6,342,750 units at C$0.32 each and 11,946,700 flow-through units at C$0.38 each. Red Cloud Securities Inc. acted as the sole agent for this transaction.

Each unit included one common share and one purchase warrant. These warrants enable the purchase of a common share at C$0.45 until October 22, 2029, but are exercisable starting December 22, 2026. The funds will support exploration at the Hornby Basin Project and general corporate purposes.

The flow-through shares are designated for Canadian exploration expenses. Future Fuels aims to renounce these expenses to subscribers by year-end 2026. Red Cloud received cash fees and broker warrants as compensation.