Future Mineral Announces Amendment to Purchase Agreement Respecting Acquisition of Nickel–Zinc–Lead Project in Poland

(TSX:FMR) Future Mineral Resources Inc. announced it has entered into an amendment to the share purchase agreement dated February 2, 2026, to acquire the remaining 52% ownership interest in its flagship nickel–zinc–lead project in Poland. The agreement was originally entered into with Forbes EV Metals Inc. and its shareholders, many of whom are current or former directors and officers of Future Mineral Resources Inc. The acquisition will be completed through the purchase of 100% of the issued and outstanding shares of Forbes EV Metals Inc., which owns 52% of Ferrite Resources Polska sp. z o.o., a private company incorporated in Poland. The project consists of the Szklary nickel deposit and the Dabrowka zinc–lead deposit, both located in Poland’s established mining corridor. Future Mineral Resources Inc. previously acquired an initial 48% interest in the project in June 2025. The $2,600,000 payable to the vendors will now be satisfied through promissory notes issued by the company, each bearing 10% annual interest, payable annually, and maturing twenty-four months following the acquisition closing date. The company may prepay the promissory notes at any time without penalty, and overdue amounts will accrue interest at 12% per annum until paid. Payment obligations under the promissory notes will be secured by a first-ranking pledge of all shares of Ferrite Polska held, directly or indirectly, by the company. The outside date by which the acquisition must be completed has been extended to December 31, 2026. Delivery of the promissory notes and pledge documents has been added as conditions precedent. Closing of the acquisition remains subject to several conditions precedent, including any requisite approval of the Toronto Stock Exchange, provision of legal opinions concerning certain corporate matters and title, and other customary closing conditions. The acquisition is expected to close in November 2026. Indivar Pathak is the Chief Executive Officer and President of Future Mineral Resources Inc.

Future Mineral Provides Update on $4.5m Financing

Future Mineral Resources Inc. (TSX: FMR) announced an update on its non-brokered private placement financing of up to 15 million common shares at $0.30 per share for gross proceeds of up to $4.5m. The company has already completed two tranches, issuing 833,333 common shares for gross proceeds of approximately $250,000. The remaining portion of the offering, up to 14,166,666 common shares for gross proceeds of up to $4,250,000, is expected to close in early June 2026. The net proceeds are intended to fund the acquisition of the remaining 52% of a nickel, zinc, and lead project in Poland and for exploration and other expenses. No insiders are expected to participate, and all securities issued will be subject to a statutory hold period.

Future Mineral Announces Management and Board Changes; Engages Native Ads for Investor Relations

Future Mineral Resources Inc. (TSX: FMR) announced the appointment of Indivar Pathak as president and chief executive officer, effective immediately, along with Con Steers as non-executive chairman, Stephen Woodhead as chief financial officer, and Dr. Andreas Rompel as chief operating officer. The company also entered into a master services agreement with Native Ads, Inc. dated April 15, 2026, for investor awareness marketing services at a total cost between US$70,000 and US$425,000, payable in advance, for an estimated 24-month period commencing in Q2 2026. The appointments follow the resignations of Fred Leigh and Peter Michel from their executive roles. Future Mineral is focused on acquiring and advancing brownfield, development-stage and early production-stage mining projects in the Americas and Europe. The company aims to enhance its visibility with potential investors through the new marketing campaign.