Future Mineral Closes First Tranche of Private Placement

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentTORONTO, March 13, 2026 (GLOBE NEWSWIRE) — Future Mineral Resources Inc. (“Future Mineral” or the “Company”) (TSX: FMR) is pleased to announce that it has closed a first tranche (the “First 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, please see the Company’s press releases dated January 7, 2026, and February 2, 2026, each of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentArticle contentPursuant to the First Tranche, Future Mineral issued 516,666 common shares at a price of $0.30 per share for gross proceeds of $154,999.80. The securities issued in connection with the First Tranche are subject to a statutory four month hold period, which expires on July 13, 2026. Completion of the Offering (including the First Tranche) is subject to receipt of final approval of the Toronto Stock Exchange. $8,400 was paid as a finder fee to an eligible finder in connection with the First Tranche. The net proceeds of the First Tranche are expected to be used for working capital and general corporate purposes.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentAbout Future Mineral Article contentFuture 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.Article contentFuture Mineral Resources Inc.Article contentOn behalf of the BoardArticle content“Fred Leigh”Chief Executive OfficerArticle contentFor more information:On behalf of the Board“Fred Leigh”, Chief Executive Officerinfo@futuremineralresources.com(416) 861-2267Article contentCautionary statements Article contentThis 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 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 be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Future Mineral to be materially different from those expressed or implied by such forward looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages and other risks of the mining industry.

Although Future Mineral has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. Future Mineral does not undertake to update any forward-looking information, except in accordance with applicable securities laws.Article contentTHE TSX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS NEWS RELEASE.Article contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending Canadians’ average wealth hit $1.07 million, but what’s driving net worth depends on your age, province and bracket Wealth Canada's unemployment rate rises to 6.7% as economy loses 84,000 jobs Economy CRA refused to cancel TFSA overcontribution tax Personal Finance Posthaste: Here's one reason why the Bank of Canada could be forced to hike interest rates this year News 82 Canadians crack Forbes’ 2026 list of the world’s billionaires. Here's the top 10 High Net Worth Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Canadians’ average wealth hit $1.07 million, but what’s driving net worth depends on your age, province and bracket Wealth Canada's unemployment rate rises to 6.7% as economy loses 84,000 jobs Economy CRA refused to cancel TFSA overcontribution tax Personal Finance Posthaste: Here's one reason why the Bank of Canada could be forced to hike interest rates this year News 82 Canadians crack Forbes’ 2026 list of the world’s billionaires. Here's the top 10 High Net Worth