Future Mineral completes second tranche of private placement

Future Mineral Resources Inc. (TSX: FMR) announced the completion of the second tranche of its previously announced non-brokered private placement financing.

The company issued 316,667 common shares at $0.30 per share, generating gross proceeds of approximately $95,000. The securities are subject to a statutory four-month hold period expiring July 19, 2026.

The second tranche is part of a broader offering of up to 15 million common shares at $0.30 per share for maximum gross proceeds of $4.5 million. No finder's fees were paid in connection with the second tranche.

Future Mineral plans to use the net proceeds for working capital and general corporate purposes. Completion of the overall offering remains subject to final approval from the Toronto Stock Exchange.

The company describes itself as a venture capital firm focused on acquiring and advancing brownfield, development-stage and early production-stage mining projects in the Americas and Europe.

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