Future Fuels Inc. Acquires Hatchet Uranium Corp.

Future Fuels Inc. has completed the acquisition of Hatchet Uranium Corp. through an amalgamation agreement, forming Future Fuels Athabasca Inc., a wholly-owned subsidiary. This strategic expansion includes key uranium exploration assets in the Athabasca Basin, a region known for significant uranium deposits. Future Fuels believes this acquisition will enhance shareholder value and complement its existing portfolio.

The agreement brings together five project areas in Saskatchewan, spanning about 97,674 hectares, with a mix of wholly-owned claims and optioned interests. The Hatchet Lake property, subject to certain royalties, stands out among these assets. Exploration efforts have identified promising uranium mineralization and anomalies across the properties.

Under the terms, each share of Hatchet Uranium was exchanged for shares of Future Fuels, with various hold periods applied. ValOre Metals Corp. will become a significant shareholder in Future Fuels, focusing on its PGM property in Brazil.