Business
Future Mineral Announces $4.5m Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ...
About this update from Future Mineral Resources Inc.
[{"type":"text","content":"Future Mineral Announces $4.5m Financing\nNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Future Mineral Resources Inc. (formerly Sulliden Mining Capital Inc.) (“Future Mineral” or the “Company”) (TSX: FMR) announced today that it intends to complete a best efforts non-brokered private placement financing of up to 15,000,000 units (each, a “Unit”) at a price of $0.30 per Unit for gross proceeds of up to $4,500,000 (the “Offering”). Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.35 for a period of 12 months from issuance. Closing of the Offering is expected to occur in early February 2026. All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one day. Completion of the Offering is subject to a number of conditions, including all approvals from the Toronto Stock Exchange (“TSX”). Finder’s fees may be paid to eligible finders in accordance with the policies of the TSX consisting of a cash commission equal to up to 7% of the gross proceeds raised under the Offering and finder warrants (“Finder Warrants”) in an amount equal to up to 7% of the number of Units sold pursuant to the Offering. Each Finder Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.35 per share for a period of 12 months following the closing date of the Offering. The Company intends to use the net proceeds of the Offering for general corporate purposes and to fund exploration expenditures on its properties. About Future Mineral Future Mineral is a mining company focused on acquiring and advancing brownfield, development-stage and early production-stage mining projects in the Americas, Australia, Africa, and Europe. Future Mineral Resources Inc. On behalf of the Board“Fred Leigh”, Chief Executive [email protected] (416) 861-2267 Cautionary statement regarding forward-looking information This press release contains \"forward-looking information\...