Future Fuels Inc. Completes $1.5 Million Private Placement

Future Fuels Inc., based in Vancouver, announced the successful closure of its $1.5 million non-brokered private placement. This initiative resulted in the issuance of 3,750,000 units consisting of one common share and one warrant. Each warrant allows the purchase of an additional common share at $0.60 within two years.

The raised funds will support corporate activities including investor relations and the development of the Hornby Uranium Project in Nunavut. In the transaction, insiders subscribed for 700,000 units, triggering a related party transaction under regulatory frameworks. Future Fuels utilized available exemptions from certain formal valuation and minority approval requirements.

The company did not provide material change reports ahead of the transaction’s completion due to pending insider participation details.