Announcement • Jun 18

Future Fuels Unveils Ai-Generated Exploration Targets At the Hornby Basin Uranium Project

Future Fuels Inc. had announced the results of its AI-assisted prospectivity mapping program conducted across the Company's 100%-owned Hornby Basin Uranium Project in Nunavut, Canada. The AI analysis, powered by VRIFY's DORA platform, has identified multiple high-priority exploration Targets across the 3,407 km² land package, including a compelling new undrilled Lambda Target immediately south of the historic Mountain Lake uranium system, located approximately 95 kilometres southwest of Kugluktuk, Nunavut. Artificial intelligence assisted targeting has identified a previously unrecognized, undrilled Target zone immediately south of the Mountain Lake system. This Lambda Target shares similar characteristics as the Mountain Lake system and is associated with a high VRIFY Prospectivity Score driven by radiometric (32.6% feature importance) and EM-conductor responses (17.8%). AI modelling across the southern portion of the project identified priority Targets corresponding to the historically mineralized Bluto, 3Ts, Echo and Contact Lake zones, where previous operators drilled unconformity style mineralisation up to 1.25% UO (HB-06-33C) in pitchblende-bearing structures at 72m depth in basement lithologies. Sigma, Alpha, Rho, Tau, and Iota Targets occur in previously underexplored areas with favourable geology, structures and geophysical features, presenting compelling unconformity-type Targets. A strong AI-Anomaly south of the historic Kendall River zone corresponds to a radiometric anomaly and a mid time EM anomaly recognised in the recent geophysical reprocessing. Unconformity is untested by drilling. The historical inferred resource of 8.2 million lbs UO at 0.23% UO is a flat-lying tabular stratabound mineralized system hosted in Unit 11 sandstones of the Lower Dismal Lakes Group at the intersection of a redox boundary created by carbonaceous organic matter in the overlying Unit 12 shales. AI modelling has accurately mapped out the system and as expected, characterised by a strong association with radiometric uranium/thorium anomalies, EM conductor response and the first vertical derivative of the magnetic field. Based on shared characteristics and signals, 7 key Targets have been highlighted by the AI. These Targets sit within 7km of the Mountain Lake system, and present clear exploration Targets for the Company. The Lambda Target is located 1.5km from Mountain Lake on the south side of the Aquitaine fault in the mapped Paleoproterozoic intrusive rocks that make up the basement in the region. This Target is in a zone with limited surficial geological exploration with no previous drilling. Also located in the basement rocks are the Zeta, Delta and Epsilon Targets. Interpretation of the VPS scores show that radiometric responses are the primary model driver with support from electromagnetic conductors and the first vertical derivative of the magnetic field. The Epsilon, Delta and Zeta Targets all correspond to a soil geochemical uranium anomaly which is interpreted to potentially be related to a shallow uranium Target hosted in the basement below a thin veneer of till. The Company is formulating plans to fly modern and high-resolution geophysics surveys in early spring followed by ground truthing of the Targets once the field work season opens in the area. In the central section of the Hornby Bay Project a strong northeast-southwest trending fault is evident and is a similar orientation to Teshierpi fault zone that controls the Mountain Lake and the nearby Danvers copper-silver system being explored by ASX Whitecliff Minerals. The significance of these deep-seated structures has on mineralisation in the region drew previous explorers to the Kendall River area, BP in the 1980's and TRIEX and Unor in 2007/2008. Previously the Target was the dismal lake sediments, and several holes were collared testing this. These results returned no elevated uranium mineralisation. However, reprocessing of the historic geophysical datasets and the integration with VRIFY's DORA model has renewed the company's interest in this region. The high VPS scores are situated south of the historical drilling in the area mapped as having intrusive basement rocks, the Hornby group sediments and an unconformity. The coincident anomalies make the Kendal South zone prospective for unconformity style mineralisation and preliminary plans are being made to commence field work at this Target including surficial geochemistry and field checking. The Southern Region of the Hornby Basin encompasses a structurally complex and geologically diverse terrain within the northern Wopmay Orogen, where Middle Proterozoic sedimentary rocks of the Hornby Bay and Dismal Lakes Groups overlie an Archean basement of Hepburn Metamorphic-Plutonic Belt igneous and metamorphic rocks and Great Bear Magmatic Zone felsic volcanics. The basement is pervasively faulted with vertical displacements of up to hundreds of metres, and the pre-existing basement topography exerted a major influence on sedimentation patterns and subsequent fault propagation into the basin rocks. This area saw significant but fragmented exploration between 2004 and 2008, primarily by UNOR Inc. (operating as Hornby Bay Mineral Exploration), which completed several drilling campaigns, including returning results of 1.25% U3O8 over 0.5m and 0.12% U3O8 over 9.1m, systematic airborne geophysics (GEOTEM, MEGATEM, magnetics, gravity), and detailed geological mapping and alteration studies. Despite this extensive work, the exploration was never fully integrated across the district, and many priority Targets identified by previous operators were never drill tested. DORA's AI analysis has now unified all available datasets into a single predictive model for the first time, with the primary Targets in this area being Athabasca-style unconformity related systems. In contrast to the Lambda experiment where radiometric signatures dominated, the Upsilon model is driven primarily by gravity and magnetic structural features, topographic lineament density, and proximity to electromagnetic conductors. The Bluto Target is among the strongest zones identified through VRIFY's VPS modelling, with elevated scores correlating spatially to historical high-grade drill intersections. The Target occurs at the contact between Archean Hepburn intrusive basement and a NE-trending, fault-controlled lineament overlain by Big Bear Formation.

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