Future Fuels Launches Brokered Private Placement Targeting Up to C$8 Million

Future Fuels Inc., a Canadian mineral exploration company trading on the TSX Venture Exchange under the ticker FTUR, announced on October 8, 2026 a brokered private placement offering targeting gross proceeds of up to C$8 million. The deal marks a significant step up in scale from the company's recent financings, which included a C$2 million LIFE flow-through offering completed in April 2026 and a C$1.5 million non-brokered private placement in 2025.

Future Fuels is focused on the acquisition, exploration, and development of mineral properties in Canada. Its flagship asset is the Hornby Uranium Project, a 100% owned property covering the entire 3,407 square kilometer Hornby Basin in northwestern Nunavut, a region with more than 40 underexplored uranium showings including the historic Mountain Lake Deposit. The company also holds the Covette Project in Quebec's James Bay region.

The offering is brokered, meaning an agent has been engaged to place the securities, which typically signals stronger institutional interest than non-brokered deals the company has previously conducted. Specific terms including unit pricing, the number of units to be issued, and the identity of the agent or agents were not disclosed in the initial announcement.