TORONTO, March 18, 2026 (GLOBE NEWSWIRE) -- Future Mineral Resources Inc. ("Future Mineral" or the "Company") (TSX:FMR) is pleased to announce that it has closed a second tranche (the "Second Tranche") of a 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"). For more information about the Offering and first tranche closing (the "First Tranche"), please see the Company's press releases dated January 7, 2026, February 2, 2026, and March 13, 2026, each of which is available under the Company's SEDAR+ profile at www.sedarplus.ca.

Pursuant to the Second Tranche, Future Mineral issued 316,667 common shares at a price of $0.30 per share for gross proceeds of approximately $95,000. The securities issued in connection with the Second Tranche are subject to a statutory four month hold period, which expires on July 19, 2026. Completion of the Offering (including the First Tranche and Second Tranche) is subject to receipt of final approval ...