Future Fuels Launches Private Placement for Up to CA$8 Million
MT newswire2026/10/08 20:3604:36 PM EDT, 10/08/2026 (MT Newswires) -- Future Fuels (FTUR.V) said Thursday it launched a best-efforts private placement for gross proceeds of up to CA$8 million, with Red Cloud Securities acting as sole agent and bookrunner. The offering includes units priced at CA$0.32 each and flow-through units priced at CA$0.38 each. The company said at least 6.25-million units must be sold, representing minimum gross proceeds of CA$2 million from the unit portion of the offering. Future Fuels also granted Red Cloud an option to sell up to an additional CA$2 million of units and flow-through units. The company plans to use proceeds from the unit offering for exploration at its Hornby Basin project and properties in Hatchet Lake in northern Saskatchewan, as well as for working capital and general corporate purposes.
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