TORONTO, May 13, 2026 (GLOBE NEWSWIRE) -- Future Mineral Resources Inc. ("Future Mineral" or the "Company") (TSX:FMR) is pleased to provide an update on its previously announced non-brokered private placement financing of up to 15 million common shares at a price of $0.30 per share for gross proceeds of up to $4.5m (the "Offering"). The Company previously completed two tranches of the Offering on March 13, 2026, and March 18, 2026, respectively, pursuant to which the Company issued 833,333 of its common shares ("Common Shares") for gross proceeds of approximately $250,000 (the "Tranches"). For more information about the Offering and Tranches, please see the Company's press releases dated January 7, 2026, February 2, 2026, March 13, 2026, and March 18, 2026, each of which is available under the Company's SEDAR+ profile at www.sedarplus.ca.

The Company's new management (see the Company's press release dated May 1, 2026) is working towards completing the remaining $4,250,000 portion of the Offering (the "Remaining Offering"), which was not completed by May 7, 2026, the deadline specified in the Toronto Stock Exchange's ("TSX") conditional approval letter respecting the Offering.

The Remaining Offering is characterized by the TSX as a new offering; however, it continues to consist of a best efforts non-brokered private placement financing of up to 14,166,666 Common Shares at a price of $0.30 per Common Share for gross proceeds of up to $4,250,000.

Closing of the Remaining Offering is expected to occur in early June 2026. No insiders (as such term is defined in ...