On May 29, 2026, ValOre Metals Corp. (“ValOre”) announced that it completed the disposition of its 51%-owned subsidiary, Hatchet Uranium Corp. (“Hatchet”) pursuant to an amalgamation agreement dated February 25, 2026 among Hatchet, Future Fuels Inc. (“Future Fuels”), and 1564470 B.C. Ltd. (“Subco”), a wholly-owned subsidiary of Future Fuels. Future Fuels acquired all of the issued and outstanding securities of Hatchet by way of a three-cornered amalgamation (the “Transaction”). The amalgamated entity will continue as a wholly-owned subsidiary of Future Fuels.

In consideration for all of the issued and outstanding securities of Hatchet, ValOre and the other former Hatchet securityholders were issued a total of 14,999,989 common shares of Future Fuels, as well as 1,104,743 common share purchase warrants of Future Fuels, for total deemed consideration of approximately $6 million.

By completing the Transaction, ValOre disposed of a non-core but broad, district-scale uranium exploration portfolio comprising five project areas, Hatchet Lake, Highway, CBX/Shoe, Usam and Genie, totaling approximately 97,674 hectares in northern Saskatchewan, and became a significant shareholder of Future Fuels, a company with a strong team, a large and prospective project portfolio, and a highly financeable corporate structure.

ValOre is a Canadian company with a team aiming to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration and innovation.

Further details regarding ValOre, and the Transaction can be found on ValOre’s website. ValOre trades under the symbol “VO” on the TSX Venture Exchange, and on the OTCQB under the symbol “KVLQF”.