Future Fuels Completes $2.2 Million LIFE Offering

Future Fuels Inc. has finalized a non-brokered private placement, generating C$2,219,810.25. The company issued 2,959,747 "flow-through" units priced at C$0.75 per unit under the Listed Issuer Financing Exemption. Each unit includes a flow-through charity common share and a warrant, allowing for purchase at $0.80 per share until October 2027. However, these warrants are not listed for trading.

The financing targets Canadian exploration expenses within the Hornby Basin Project. The offering complies with regulations across Canadian provinces, Quebec excluded. Importantly, securities from this offering have no resale restrictions under Canadian law.

The use of proceeds aims to enhance exploration at the Hornby Uranium Project, Future Fuels' primary asset. This initiative is crucial as it taps into the underexplored uranium showings of this region.