Business
Joint Press Release of Future Fuels Inc And Valore Metals Corp. - Future Fuels Completes Acquisition of Hatchet Uranium Corp.
VANCOUVER, BC / ACCESS Newswire / May 29, 2026 / Future Fuels Inc. (TSXV:FTUR)(FSE:S0J) ("Future Fuels" or the "Company") and ValOre Metals Corp. ("ValOre") are pleased to announce that, further to their previous joint news release dated February ...
About this update from Future Fuels Inc
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / May 29, 2026 / Future Fuels Inc. (TSXV:FTUR)(FSE:S0J) ("Future Fuels" or the "Company") and ValOre Metals Corp. ("ValOre") are pleased to announce that, further to their previous joint news release dated February 26, 2026 and the news releases of ValOre dated April 16, 2026 and May 19, 2026, and pursuant to an amalgamation agreement dated February 25, 2026, as amended (the "Amalgamation Agreement") among the Company, Hatchet Uranium Corp. ("HUC") and 1564470 B.C. Ltd. ("Subco"), a wholly-owned subsidiary of the Company, the Company has acquired 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"). The amalgamated entity will continue as a wholly-owned subsidiary of Future Fuels under the name "Future Fuels Athabasca Inc." ("Amalco").","length":981,"tagName":"p"},{"type":"text","content":"Rob Leckie, Chief Executive Officer of Future Fuels stated: "The closing of this acquisition marks an exciting new chapter for Future Fuels as we expand our portfolio into a celebrated uranium exploration jurisdiction. While the Hornby Basin remains the cornerstone of our long-term vision, the addition of HUC's Athabasca Basin assets positions us in proximity to several significant uranium discoveries and producing operations. The Athabasca also affords us a more extended field season, allowing our teams to maintain operational momentum and advance exploration activities throughout much of the year. We believe this complementary asset base will enhance shareholder value while we continue to unlock the considerable potential we see in the Hornby. We look forward to advancing both frontiers and keeping the market updated as our work programs progress."","length":876,"tagName":"p"},{"type":"text","content":"Jim Paterson, Chairman, ValOre Metals Corp and director of HUC stated: "In 2024, ValOre formed a plan to derive value from its Saskatchewan uranium exploration project in order to focus on its 100% held Pedra Branca PGM property located in Brazil. Upon closing of this transaction, ValOre will become a significant shareholder of Future Fuels Inc., a company with a strong team, a large and prosp...