Future Mineral Targets Global Growth with $4.5M Financing

TORONTO, ON – January 07, 2026 – Future Mineral Resources Inc., a recently rebranded exploration company, has announced a significant move to bolster its finances, unveiling plans for a non-brokered private placement to raise up to $4.5 million. This capital injection is earmarked to fuel exploration across its diverse portfolio of mining projects and for general corporate purposes.

The offering consists of up to 15,000,000 units priced at $0.30 each. Each unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the holder to acquire an additional share at $0.35 for a 12-month period. The financing, expected to close in early February 2026, represents a pivotal moment for the company as it seeks to advance its projects in a strengthening commodity market.

A Strategic Capital Infusion

For an exploration-stage company like Future Mineral (TSX: FMR), which currently generates no revenue, this financing is more than just a routine transaction; it's a critical lifeline. Public filings show the company operating at a net loss, with a negative cash flow from operations over the last twelve months. The up to $4.5 million in gross proceeds will substantially improve its liquidity, providing the necessary runway to execute its ambitious exploration programs without immediate financial pressure.

The scale of the offering is noteworthy when compared to the company's recent market capitalization, which has hovered around C$5.76 million. Raising a sum that approaches its entire market value signals a bold step forward and a significant dilution for existing shareholders, a common trade-off for junior miners seeking growth capital. The structure of the deal, with a warrant priced at a modest premium to the current trading price, is designed to be attractive to investors, offering potential upside should the company's exploration efforts prove successful and drive the share price higher. The successful closing of this financing is contingent upon approval from the Toronto Stock Exchange.

From Sulliden to Future Mineral: A Renewed Focus

The financing comes just months after the company shed its former identity, Sulliden Mining Capital Inc., rebranding to Future Mineral Resources in September 2025. This name change reflects a strategic pivot and a renewed corporate vision. The leadership team, however, brings a long history of experience and a track record of creating shareholder value under the Sulliden banner.

Helmed by CEO and President Fred Leigh, the management group is credited with the successful development and eventual sale of previous ventures, including Desert Sun Mining (acquired by Yamana), Central Sun Mining (acquired by B2Gold), and Sulliden Gold (acquired by Rio Alto). This history of monetizing assets provides a layer of credibility as the team embarks on its new chapter.

Further strengthening its technical bench, the company recently appointed Dr. Andreas Rompel to its board of directors in December 2025. With over three decades in the global mining industry, Dr. Rompel’s expertise spans precious and base metals, cobalt, and lithium—commodities that align closely with Future Mineral's project portfolio. His experience in evaluating capital projects for industry giant Anglo American adds a significant layer of technical and financial discipline to the board, which is relatively new with an average tenure of just over one year, underscoring the company's recent transformation.

Powering a Diversified Global Portfolio

The net proceeds from the offering are intended to "fund exploration expenditures on its properties," a portfolio that is geographically and geologically diverse. This strategy spreads risk and provides exposure to a range of commodities with bullish outlooks.

In Canada, the company holds the East Sullivan project in Quebec's prolific Abitibi greenstone belt. This past-producing gold, zinc, silver, and copper mine offers brownfield potential, meaning existing infrastructure and historical data could accelerate future exploration and development. The company also controls a significant land package in Quebec's Otish Mountains, a region known for its uranium potential.

Internationally, Future Mineral is advancing the Orange Creek uranium project in Australia, where it holds a 75% interest. This positions the company to capitalize on the resurgence of interest in nuclear energy and the anticipated "uranium squeeze" expected to drive prices higher in 2026. Furthermore, in mid-2025, the company acquired a 48% interest in a Polish exploration project targeting nickel, zinc, and lead. The Szklary concession, described as a nickel laterite deposit, provides exposure to a critical metal essential for batteries and the global energy transition. This multi-pronged approach—targeting precious metals, energy metals, and base metals across stable jurisdictions—is central to the company's strategy.

Navigating the Junior Mining Market

Future Mineral's capital raise is occurring within an increasingly favorable environment for junior miners. After a challenging 2024, access to capital improved significantly in 2025, with funds raised by junior and intermediate miners surging past the previous year's totals, largely driven by a rebound in gold-focused financing.

The outlook for 2026 remains constructive for several key commodities in Future Mineral's portfolio. Gold prices are projected to remain strong, with some analysts forecasting new record highs driven by geopolitical uncertainty and central bank buying. Similarly, structural supply deficits are expected to support both copper and uranium prices, creating a tailwind for companies actively exploring for these resources.

Despite these positive trends, the junior exploration sector remains fraught with risk. Future Mineral's stock has seen a remarkable 130% increase over the past year, but it also experiences significant volatility. The complete absence of analyst coverage underscores its position as a speculative micro-cap investment, where success hinges on exploration results that are inherently uncertain. This $4.5 million financing provides the company with the crucial tools to de-risk its projects and demonstrate their value to the market. For investors, it represents a bet on a proven management team, a diversified portfolio, and a rising tide in the global commodities market.