Mr. David Suda reports

AMERICAN FUTURE FUEL'S ROLE IN U.S. ENERGY SECURITY HEIGHTENED AS CONCERNS OVER RUSSIAN URANIUM SUPPLY ESCALATE

American Future Fuel Corp. has reaffirmed its resolute commitment in playing its part in bolstering the U.S. uranium supply chain, a commitment that takes on great significance amidst mounting concerns about the reliability of Russian uranium imports.

With Russia supplying roughly half of global enriched uranium and close to 20 per cent of U.S. supply, concerns have deepened, especially given recent geopolitical events. The security implications of relying on foreign sources for nuclear fuel are evident, and American Future recognizes the vital role it, along with other domestic uranium companies, must play in advancing national energy security. Reducing dependence on Russian uranium has become a global priority for governments and industry leaders, and American Future believes it could align within this blueprint through the development of the Cebolleta project.

American Future possesses a 100-per-cent leasehold interest in the Cebolleta uranium project, an advanced uranium exploration initiative boasting a historical uranium inferred mineral resource of 5.6 million tons (5.1 million tonnes) at an average grade of 0.17 per cent triuranium octoxide equivalent, containing 18.98 million pounds (8,600 tonnes) U3O8, as detailed in a 2014 National Instrument 43-101 technical report commissioned by the project's former owner, Uranium Resources Inc.

While the historical estimate's reliability is considered reasonable, it has not been updated by a qualified person to classify it as a current mineral resource, and the company does not treat it as such.

Covering 6,700 acres of mineral rights and 5,700 acres of surface rights, within the Grants uranium mineral belt, an area renowned for producing approximately 347 million pounds of U3O8, Cebolleta encompasses several known uranium deposits, as well as previously operational uranium mines. This project's location could have the potential to position Cebolleta as a pivotal asset for the company and a beacon of hope in the quick pursuit to secure domestic uranium sources for the United States.

The nuclear power industry stands on the brink of its most significant expansion in decades, driven by unprecedented demand for uranium. Spot uranium prices have surged over 20 per cent year to date, nearing levels last seen before the Fukushima disaster in 2011. This surge reflects escalating concerns about climate change, attracting investors to the uranium market.

In the United States, the nuclear power sector is experiencing a renaissance, with new units coming into operation after a three-decade hiatus. Emerging technologies like small modular reactors are gaining traction, fostering global interest in nuclear power. The sector remains resilient and poised for expansion.

American Future remains steadfast in its commitment to be a vital player in this thriving industry. Leveraging its expertise and resources, the company aims to meet the surging demand for uranium and contribute to a cleaner, more sustainable energy future.

American Future marketing disclosure

The company also announces that it has engaged Stride Report Inc., an arm's-length party to the company, to provide digital marketing and investor awareness services. The company has a total budget of $50,000, plus applicable taxes, for the next four months and has advanced the payment in full. The services will include investor relations, creation of content, strategic planning, digital advertisement placement, and overseeing progress and results of digital campaigns. Consideration offered to Stride does not include any securities of the company. Aside from this engagement, the company does not have any relationship with Stride and Raafat Nasser, chief executive officer of Stride.

About American Future Fuel Corp.

American Future is a Canadian-based resource company focused on the strategic acquisition, exploration and development of alternative energy projects. The company holds a 100-per-cent interest in the Cebolleta uranium project, located in Cibola county, New Mexico, United States, and situated within the Grants mineral belt, a prolific mineral belt responsible for approximately 37 per cent of all uranium produced in the United States.

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