Business
Future Fuels Inc. Enters into Agreement to Acquire Hatchet Uranium Corp
VANCOUVER, BC / ACCESS Newswire / February 26, 2026 / Future Fuels Inc. (TSXV:FTUR)(FSE:S0J) (...
About this update from Future Fuels Inc
[{"type":"text","content":"Future Fuels Inc. Enters into Agreement to Acquire Hatchet Uranium CorpVANCOUVER, BC / ACCESS Newswire / February 26, 2026 / Future Fuels Inc. (TSXV:FTUR)(FSE:S0J) (\"Future Fuels\") and ValOre Metals Corp. (\"ValOre\") are pleased to announce that Future Fuels, Hatchet Uranium Corp. (\"HUC\"), a 51% owned subsidiary of ValOre, and 1564470 B.C. Ltd. (\"Subco\"), a wholly-owned subsidiary of Future Fuels, have entered into an amalgamation agreement (the \"Amalgamation Agreement\"), pursuant to which Future Fuels has agreed to acquire all of the issued and outstanding securities of HUC by way of a three-cornered amalgamation under the Business Corporations Act (British Columbia) (the \"Acquisition\"). Upon completion of the Acquisition, the amalgamated entity will continue as a wholly-owned subsidiary of Future Fuels and is expected to change its name to \"Future Fuels Athabasca Inc.\".Rob Leckie, Chief Executive Officer and a director of Future Fuels, commented: \"The acquisition of HUC strengthens Future Fuels' existing portfolio of prospective uranium exploration properties. HUC's assets sit in the world class Athabasca Basin and are proximal to both existing uranium mines, and recent exploration discoveries, making them exciting targets for further work. We look forward to planning the next steps in exploring this prospective land package.\"Jim Paterson, Chairman of ValOre Metals Corp. and director of HUC, commented \"We are very happy to become significant shareholders of Future Fuels. This transaction creates a powerhouse in the Canadian uranium exploration sector, with a strong team, a large and prospective project portfolio, and a highly financeable corporate structure. These attributes will help attract capital and drive growth through well funded exploration programs and increased market exposure.\"Summary of HUC PropertiesHUC holds interests in five claim blocks (Hatchet Lake, CBX/Shoe, Usam, Genie and Highway) totaling approximately 97,674 ha, located in the Wollaston Lake area of northern Saskatchewan, along the eastern Athabasca Basin margin and largely within the Wollaston-Mudjatik Transition Zone (the \"WMTZ\").The properties have been explored since the late 1960s with airborne and ground geophysics, geological mapping, prospecting, geochemical sampling and limited diamond drilling. Recent work included data compi...