VANCOUVER, British Columbia, May 25, 2022 (GLOBE NEWSWIRE) — Future Fuel Corporation (formerly, Evolving Gold Corp.) (the “Company“) (CSE: AMPS) is pleased to announce that it has completed the acquisition (the “Transaction“) of all of the outstanding share capital of the privately held Elephant Capital Corp. (“ECC“) and has changed its name to “Future Fuel Corporation”. The Transaction proceeded pursuant to a definitive share purchase agreement (the “Agreement“) dated April 14, 2022 among the Company, ECC and the former shareholders of ECC (the “Vendors“). Following completion of the Transaction, it is anticipated that the common shares of the Company will resume trading on the Canadian Securities Exchange (the “CSE“) at the open of markets on May 26, 2022 under the symbol “AMPS” (the “Listing“).

ECC is an arms-length resource exploration company, established under the laws of the Province of British Columbia. ECC holds the rights to a mineral lease comprising approximately 6,700 acres of mineral rights and 5,700 acres of surface rights located in west-central New Mexico and commonly referred to as the “Cebolleta Uranium Project” (the “Project“), which it previously acquired from enCore Energy Corp. (TSXV:EU).

Transaction Summary

The Transaction closed on May 24, 2022, and the Company acquired all of the outstanding share capital of ECC in exchange for 56,541,251 common shares of the Company (“Consideration Shares“). In connection with closing, enCore Energy Corp. received 11,308,250 of the Consideration Shares, …

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