BULLETIN V2026-1894
FUTURE FUELS INC. ("FTUR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 2, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing a three-cornered amalgamation agreement dated February 25, 2026, as amended (the "Agreement"), among Future Fuels Inc. ("Future Fuels"), its wholly owned subsidiary 1564470 B.C. Ltd. ("Subco"), and Hatchet Uranium Corp. ("Hatchet"). Pursuant to the Agreement, Future Fuels acquired all issued and outstanding shares of Hatchet through the amalgamation of Subco and Hatchet (such amalgamated entity, "Amalco"). Hatchet's mining interests in Saskatchewan include a 100% interest in the Hatchet Lake Property, the Genie, Usam, and CBX/Shoe projects, and the right to earn an 80% interest in the Highway Property.
As consideration, each outstanding Hatchet share was exchanged for 0.760836 of a common share of Future Fuels. Upon closing, Future Fuels issued a total of 14,999,989 common shares to Hatchet shareholders. Additionally, all 1,452,013 outstanding Hatchet warrants were exchanged for 1,104,743 Future Fuels warrants, maintaining the 0.760836 exchange ratio. The exercise prices of the Hatchet warrants have been adjusted to $0.8050 per share if exercised on or before February 10, 2027, or $0.9660 per share if exercised between February 11, 2027, and the expiry date of February 10, 2028.
To satisfy an underlying option and purchase agreement, Future Fuels may also issue up to 10,250,000 common shares of Future Fuels (in the aggregate) to Skyharbour Resources Ltd. ("Skyharbour"), the optionor of the Highway Property and a former Hatchet shareholder, and Amalco may complete the remaining cash payments to Skyharbour and incur the remaining exploration expenditures on the Highway Property by the second and third anniversaries of the Skyharbour option agreement.
The properties are subject to various pre-existing royalties, including a 2% NSR on the Hatchet Lake Property (reducible to 1.5% for $750,000) and a 2% NSR on the Genie, Usam, CBX/Shoe, and Highway properties.
For further information, please refer to Future Fuels' news releases dated February 26, 2026, and May 29, 2026.
_______________________________________
|
|
