Future Mineral Resources targets $4.5M in private placement by February 2026
Future Mineral Resources Inc. has announced a new financing plan to raise up to $4.5 million. The company, previously known as Sulliden Mining Capital Inc., will offer 15 million units at $0.30 each in a non-brokered private placement. Each unit includes one common share and half a warrant. A whole warrant allows the holder to buy an additional share at $0.35 within 12 months. The deal remains subject to approval by the Toronto Stock Exchange. The funds raised will support general corporate activities and exploration work on the company’s properties. If the offering succeeds, it is expected to close in early February 2026. All securities issued will then face a four-month holding period. Finder’s fees may apply, with cash commissions of up to 7% and finder warrants of up to 7%. These warrants would also be exercisable at $0.35 for 12 months. The private placement aims to strengthen the company’s financial position for ongoing operations. Proceeds will fund exploration and corporate needs, with final approval still pending from the Toronto Stock Exchange.
