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Future Mineral Closes Second Tranche of Private Placement
TORONTO, March 18, 2026 (GLOBE NEWSWIRE) -- Future Mineral Resources Inc. (“ Future Mine...
About this update from Future Mineral Resources Inc.
[{"type":"text","content":"Future Mineral Closes Second Tranche of Private Placement\nTORONTO, March 18, 2026 (GLOBE NEWSWIRE) -- Future Mineral Resources Inc. (“Future Mineral” or the “Company”) (TSX: FMR) is pleased to announce that it has closed a second tranche (the “Second Tranche”) of a previously announced non-brokered private placement financing of up to 15 million common shares at a price of $0.30 per share for gross proceeds of up to $4.5m (the “Offering”). For more information about the Offering and first tranche closing (the “First Tranche”), please see the Company’s press releases dated January 7, 2026, February 2, 2026, and March 13, 2026, each of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. Pursuant to the Second Tranche, Future Mineral issued 316,667 common shares at a price of $0.30 per share for gross proceeds of approximately $95,000. The securities issued in connection with the Second Tranche are subject to a statutory four month hold period, which expires on July 19, 2026. Completion of the Offering (including the First Tranche and Second Tranche) is subject to receipt of final approval of the Toronto Stock Exchange. No finder’s fees were paid in connection with the Second Tranche. The net proceeds of the Second Tranche are expected to be used for working capital and general corporate purposes. About Future Mineral Future Mineral is a venture capital company focused on acquiring and advancing brownfield, development-stage and early production-stage mining projects in the Americas and Europe. Future Mineral Resources Inc.On behalf of the Board“Fred Leigh”Chief Executive Officer For more information:On behalf of the Board“Fred Leigh”, Chief Executive [email protected] (416) 861-2267 Cautionary statements This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the First Tranche, Second Tranche, and the Offering, including the Company’s intended use of net proceeds, receipt of final approval of the Toronto Stock Exchange, and other matters related thereto. Generally, forward looking information can...