Future Fuels Inc. (TSXV:FTUR)(FSE:S0J) (“Future Fuels” or the “Firm“) is happy to announce the graduation of a totally built-in exploration technique for its 100%-owned Hornby Basin Uranium Mission (the “Mission” or “Hornby Mission“), positioned in Nunavut Territory, Canada. This multi-phased program is designed to considerably advance the understanding and potential of the Hornby Basin by complete information digitization, superior geological modeling, distant sensing, and synthetic intelligence.
This initiative marks a vital step towards unlocking the complete potential of one among Canada’s most underexplored but geologically promising uranium basins.
- Complete Information Compilation is Underway: Together with digitization of over 200 historic evaluation reviews, integration of geochemical information (rock, soil, lake samples), and modernizing the Mountain Lake drill gap database.
- Geological Mannequin and Exploration Goal Growth: Trade-leading consultants are engaged to ship a 3D geological mannequin of the Mountain Lake Deposit contained within the Mission, consider the potential for an exploration goal and start drill gap planning.
- Trendy Geophysics and Distant Sensing: Reprocessing of historic geophysical datasets to supply a basin-wide harmonized geophysical database. Undertake satellite tv for pc spectral evaluation together with helium emission mapping to establish areas of potential uranium occurrences beneath sediment cowl.
- AI-Pushed Goal Technology: Instigation of VRIFY’s superior machine studying platform for use for property-wide information integration, deposit-scale goal studying, and increased-probability uranium discovery mapping.
- Area Season Preparation: Planning exploration actions together with floor truthing, potential infill drilling, airborne/floor geophysical surveys, and allowing actions.
“This can be a foundational program for Future Fuels,” acknowledged Rob Leckie, President & CEO. “We’re digitizing many years of inherited exploration information, constructing superior geological fashions, and leveraging AI to information our subsequent steps. With the Hornby Basin now beneath single possession for the primary time, we’re positioned to use the complete suite of contemporary applied sciences to hunt new uranium discoveries and construct long-term worth for shareholders.”
Hornby Geologic Overview
The Hornby Mission is positioned roughly 100km NE of the historic Port Radium Uranium Mine, a big website in Canada’s uranium mining historical past. Port Radium was one of many world’s first uranium mines, accountable for a serious supply of uranium throughout the mid-Twentieth century. Uranium produced from Port Radium contributed to the event of the worldwide nuclear power business. The geological similarities and regional proximity to this historic mine emphasize the potential for exploration upside throughout the Hornby Basin.
The Hornby Mission has the potential to host each main and secondary uranium deposits. Major deposits within the area are sometimes related to basement-hosted hydrothermal programs, the place uranium is concentrated alongside structural options equivalent to faults and shear zones and deposited at sure horizons equivalent to unconformities. Secondary uranium deposits, alternatively, type by the redistribution of uranium by groundwater, resulting in the precipitation of uranium minerals inside porous sedimentary models. These secondary deposits are generally present in roll-front settings and paleochannel environments, the comparatively giant extent and predictability of deposits of this fashion makes them a pretty exploration goal. Moreover, fashionable extraction strategies developed for this kind of sedimentary-hosted uranium additional provides to the exploration rational. Each main and secondary uranium deposit kinds are widespread in Canada and positioned in areas equivalent to Saskatchewan’s Athabasca Basin, Nunavut’s Thelon Basin and Newfoundland and Labradors Central Mineral Belt.
Regardless of the Hornby Basin’s robust geological potential, no present state-of-the-art exploration know-how has been utilized to totally delineate its uranium potential. One purpose for that is the truth that no single entity/company has ever managed the complete basin till now. Trendy geophysical strategies, high-resolution geochemical evaluation, and superior 3D modeling have but to be utilized, leaving important alternatives for brand new discoveries. Moreover, there may be appreciable potential to leverage synthetic intelligence (AI) and machine studying algorithms (MLA) to boost exploration concentrating on. AI can help in analyzing complicated geological datasets, figuring out refined patterns, and predicting high-probability uranium mineralization zones with better accuracy and effectivity. Given the in depth historic information that has been collected throughout the district, and the presence of a historic deposit, Future Fuels believes the Mission has wonderful potential to be an efficient use case for this contemporary tech.
The Hornby Mission is geologically positioned throughout the Bear Structural Province of the Canadian Defend, an space traditionally identified for internet hosting extremely productive uranium deposits. The Mission’s geology is dominated by sedimentary models of the Helikian Hornby Bay Group and the overlying Dismal Lakes Group, each of that are identified to host important uranium mineralization. The Hornby Bay Group consists primarily of fluvial sandstones and minor marine carbonates, whereas the Dismal Lakes Group represents a sequence of continental clastics with fine-grained marine sediments, all conducive to uranium deposition.
Historic geological mapping and geophysical surveys have highlighted key structural options, equivalent to fault intersections and basement highs, that are important controls for uranium mineralization. The mix of structural complexity, favorable lithologies, and historic exploration success will increase the Mission’s important discovery potential.
Determine 1: Future Fuels Hornby Mission with identified uranium occurrences proven.
Historic Significance and Uranium Occurrences
The Hornby Basin, Athabasca Basin, and Thelon Basin are believed to be remnants of a bigger single Proterozoic basin (Smith, 2003). Historic exploration has recognized over 140 anomalous uranium assay leads to sandstone rock samples, a number of uranium showings, and lots of important radioactive occurrences (Determine 1). Readers are inspired to confer with the Firm’s technical report in respect of the Hornby Mission, obtainable beneath its profile at www.sedarplus.ca (the “Future Fuels Report”), for better element in respect of the occurrences.
Uranium exploration within the Hornby Basin dates again to the early Nineteen Seventies when regional airborne radiometric surveys first recognized important radioactive anomalies. Subsequent detailed exploration campaigns by numerous operators confirmed in depth uranium mineralization related to each sedimentary and basement-hosted settings. “Probably the most notable discovery within the space is the Mountain Lake Uranium Deposit, which was first recognized in 1976 by airborne geophysical surveys and follow-up drilling” (Future Fuels Report). There are over 200 annual evaluation reviews documenting the historic exploration accomplished on licences enclosed or intersected by the present Mission mineral tenure. The huge quantity of labor accomplished by a number of totally different operators has an estimated substitute price of over $30 million CAD in at present’s greenback phrases. One firm, Hornby Bay Exploration Ltd., alone carried out over $10 million CAD in exploration efforts, together with a number of geophysical surveys that recognized graphitic conductors and structural disturbances on the unconformity contact, additional reinforcing the basin’s uranium potential (Hornby Bay Exploration Ltd., 2004). Future Fuels has discovered no proof {that a} full, district broad compilation has been undertaken, and far of the reviews have solely been scanned with an abundance of knowledge nonetheless left to digitize. The Firm believes substantial perception may be gathered from compiling all of the obtainable information into a strong database that can be utilized to slender down on extremely potential areas in an economical method and drive additional discoveries within the basin.
Advertising Replace
The Firm additionally needs to announce that it has elevated the utmost price range of its engagement with MCS Market Communication Service GmbH (“MCS“) for the continued provision of a variety of on-line advertising providers, together with marketing campaign creation, manufacturing of promoting supplies, in addition to analysis and analytics, by as much as an extra 250,000 EUR. The providers are anticipated to run till July 7, 2025, or till price range exhaustion. No securities have been supplied to MCS or its principals as compensation.
References
Future Fuels Inc. (2025). NI 43-101 Technical Report on the Hornby Basin Uranium Mission. Future Fuels Inc. (the Future Fuels Report)
Hassard, F.R. (2005) – Triex Minerals Company, Mountain Lake Property, Nunavut (NTS 86N/7)”, Technical Report for NI 43-101.
Hornby Bay Exploration Ltd. (2004). Technical Report on the Uranium Assets at Hornby Bay Basin, Nunavut. Hornby Bay Exploration Ltd.
Jefferson, C.W., & Delaney, G.D. (2006). Uranium Deposits of Canada. Geological Affiliation of Canada, Mineral Deposits Division, Particular Publication No. 5.
Smith, J.P. (2003). Geophysical Survey Information and Uranium Assay Evaluation within the Hornby Basin. Canadian Geological Survey Bulletin No. 315.
Thomas, D.J. (2004). Comparative Geological Frameworks of the Hornby, Athabasca, and Thelon Basins. Canadian Journal of Earth Sciences, 41(4), 475-490.
Nationwide Instrument 43-101 Disclosure
Nicholas Rodway, P. Geo, (NAPEG Licence #L5576) is a marketing consultant of the Firm and is a certified individual as outlined by Nationwide Instrument 43-101. Mr. Rodway has reviewed and accepted the technical content material on this press launch.
About Future Fuels Inc.
Future Fuels’ principal asset is the Hornby Uranium Mission, masking the complete 3,407 km² Hornby Basin in north-western Nunavut, a geologically promising space with over 40 underexplored uranium showings, together with the historic Mountain Lake Deposit. Moreover, Future Fuels holds the Covette Property in Quebec’s James Bay area, comprising 65 mineral claims over 3,370 hectares.
On behalf of the Board of Administrators
FUTURE FUELS INC.
Rob Leckie
CEO and Director
data@futurefuelsinc.com
604-681-1568
X: @FutureFuelsIn
www.futurefuelsinc.com
Ahead Wanting Statements
Neither the TSX Enterprise Change nor its Regulation Service Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
This information launch incorporates forward-looking statements and different statements that aren’t historic details. Ahead-looking statements are sometimes recognized by phrases equivalent to “will”, “could”, “ought to”, “anticipate”, “expects” and comparable expressions. All statements apart from statements of historic reality included on this information launch are forward-looking statements that contain dangers and uncertainties. There may be no assurance that such statements will show to be correct and precise outcomes and future occasions may differ materially from these anticipated in such statements. Necessary components that would trigger precise outcomes to vary materially from the Firm’s expectations embody however aren’t restricted to market circumstances and the dangers detailed occasionally within the filings made by the Firm with securities regulators, together with the Future Fuels Report. The reader is cautioned that assumptions used within the preparation of any forward-looking info could show to be incorrect. Occasions or circumstances could trigger precise outcomes to vary materially from these predicted, on account of quite a few identified and unknown dangers, uncertainties, and different components, lots of that are past the management of the Firm. The reader is cautioned to not place undue reliance on any forward-looking info, the prospects of the mineral claims forming the Mission, which aren’t at a sophisticated stage of improvement, the Firm’s anticipated enterprise and operational actions, and the Firm’s plans with respect to the exploration or development of the Mission. Components that would trigger precise outcomes to fluctuate from forward-looking statements or could have an effect on the operations, efficiency, improvement and outcomes of the Firm’s enterprise embody, amongst different issues, the Firm’s capability to generate adequate money move to satisfy its present and future obligations; that mineral exploration is inherently unsure and could also be unsuccessful in reaching the specified outcomes; that mineral exploration plans could change and be re-defined based mostly on quite a lot of components, lots of that are outdoors of the Firm’s management; the Firm’s capability to entry sources of debt and fairness capital; aggressive components, pricing pressures and provide and demand within the Firm’s business; and common financial and enterprise circumstances. Such info, though thought-about affordable by administration on the time of preparation, could show to be incorrect and precise outcomes could differ materially from these anticipated. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The forward-looking statements contained on this information launch are made as of the date of this information launch and the Firm will replace or revise publicly any of the included forward-looking statements as expressly required by relevant regulation.
