ValOre Obtains Conditional TSXV Approval for Hatchet Sale to FTUR

ValOre Metals Corp. announced that it has received conditional acceptance from the TSX Venture Exchange (TSXV) for the sale of its 51% interest in Hatchet Uranium Corp. (HUC) to Future Fuels Inc. (FTUR). The update follows prior joint and company disclosures issued on February 26 and April 16, 2026, which outlined the terms of the proposed amalgamation and asset transfer.

Under the transaction framework, HUC would amalgamate with a Future Fuels subsidiary and continue as a wholly owned Future Fuels entity, with ValOre retaining a meaningful equity position in the combined vehicle. HUC’s property package spans several claim blocks in the Athabasca Basin region of Saskatchewan, a jurisdiction noted for high‑grade uranium endowment, and has been the subject of recent exploration and target generation work.

ValOre’s April update clarified terms of a previously disclosed consulting agreement originally with JWC Capital and later assigned to Holley Investments Inc. As disclosed, HUC received a C$250,000 debenture which, if a sale transaction closed on or before April 30, 2026, would have automatically converted into 5,000,000 HUC common shares at a deemed price of C$0.05 per share. That potential conversion would materially dilute ValOre’s direct interest in HUC from approximately 51% to roughly 38% at closing. The company also reconciled the timing of related financial disclosures.

From a market perspective, conditional TSXV acceptance signals regulatory progress but does not guarantee closing; the transaction remains subject to final exchange approvals, any required shareholder consents and customary closing conditions. For investors, the deal reshapes ValOre’s exposure—reducing direct ownership in Hatchet assets while maintaining upside through an equity stake in Future Fuels—and aligns ValOre toward advancing its Pedra Branca PGM project in Brazil.

Market observers note the transaction fits a broader consolidation trend in uranium exploration but caution that short‑term volatility may follow until all regulatory and listing conditions are satisfied. Key near‑term catalysts include TSXV final documentation, any escrow or resale restrictions on consideration shares, and the timetable set by Future Fuels and ValOre to complete the amalgamation and any related financings.