Future Mineral Consolidates Full Ownership of Strategic Polish Mining Project
Future Mineral Resources Inc. has announced a potentially transformative transaction that will see the company acquire complete ownership of its high-grade nickel-zinc-lead project in Poland. The Toronto-based mining company has entered into a share purchase agreement to acquire the remaining 52% ownership interest in this strategic European asset, positioning itself with 100% control at a time of strengthening base-metal markets.
Strategic Acquisition Details
The agreement, dated February 2, 2026, involves Future Mineral indirectly acquiring the remaining interest through the purchase of 100% of the issued and outstanding shares of Forbes EV Metals Inc. This target company owns 52% of Ferrite Resources Polska sp. z o.o., the private Polish entity that holds the mineral rights. Many of the vendors in this transaction are current or former directors and officers of Future Mineral, creating an alignment of interests in the project's success.
This acquisition follows Future Mineral's initial 48% interest acquisition in June 2025, meaning the current transaction will complete the consolidation of ownership. The project represents one of Europe's most compelling polymetallic exploration assets, located in Poland's established mining corridor and comprising two significant deposits.
Project Components and Historical Context
The Polish project consists of two distinct mineral deposits with established histories:
- Szklary Nickel Deposit: This asset has a history of production totaling approximately 3.5 million tonnes at grades ranging from 1% to 2.5% nickel. Extensive historical drilling has been conducted, with approximately 2,500 holes documented. While historical JORC-compliant resource estimates exist, current NI 43-101 technical reports indicate that near-surface mineralization has been detected within 20 meters of surface in soft rock formations.
- Dabrowka Zinc-Lead Deposit: This complementary asset adds significant value to the overall project portfolio, creating a diversified base metals opportunity in a single jurisdiction.
It's important to note that while historical estimates have been prepared by Polish state organizations based on past drilling programs, these cannot be considered compliant with current JORC or NI 43-101 standards. The technical reports prepared for the project have not established current mineral resource or reserve estimates, though they indicate significant exploration potential remains untested.
Exploration Upside and Market Positioning
The transaction comes at a strategic time for Future Mineral, as global demand for critical minerals continues to grow, particularly those essential for electrification and industrial development. The company's complete ownership of this European asset provides full strategic control during a period of strengthening base-metal markets.
Technical assessments suggest substantial exploration potential remains, particularly in untested deeper sulphide zones that would require diamond or reverse circulation drilling to penetrate through the overlying saprolite zone. This represents significant upside potential for future resource expansion and development.
The consolidation of ownership simplifies the corporate structure and decision-making process for the project's advancement, potentially accelerating exploration and development timelines. With full control of both the Szklary and Dabrowka deposits, Future Mineral can now pursue a coordinated development strategy for these complementary assets.
This transaction represents a significant milestone for Future Mineral Resources as it positions itself as a key player in European critical minerals development, particularly in the nickel-zinc-lead space where demand fundamentals remain strong. The company's TSX listing provides Canadian investors with exposure to this strategic European mining opportunity at a time when supply chain diversification and critical minerals security have become global priorities.
