Vancouver, BC, Canada – March 16, 2023 – American Future Fuel Corporation (CSE: AMPS, Frankfurt: K14, WKN: A3DQFB, OTCQB: AFFCF) (the “Company”, or “American Future Fuel”) announces that, as a result of a continuous disclosure review by the British Columbia Securities Commission, the Company has amended its interim financial statements and accompanying managements’ discussion and analysis for the nine-month period ended September 30, 2022 (the “Amended Disclosure Materials”).
The Amended Disclosure Materials are being filed by the Company to address a computational discrepancy which appeared in the Statement of Cash Flows, clarify disclosure related to the previous acquisition of Elephant Capital Corp. and to further elaborate on the significant accounting policies implemented by the Company. For further information, readers are encouraged to review the Amended Disclosure Materials in their entirety under the profile for the Company on SEDAR (www.sedar.com).
ABOUT AMERICAN FUTURE FUEL
American Future Fuel Corporation is a Canadian-based resource company focused on the strategic acquisition, exploration and development of alternative energy projects. The Company holds a 100% interest in the Ceboletta Uranium Project, located in Cibola County, New Mexico, USA, and situated within the Grants Mineral Belt, a prolific mineral belt responsible for approximately 37% of all uranium produced in the United States of America. American Future Fuel’s Ceboletta Uranium project is an advanced exploration project.
On behalf of the Board of Directors,
AMERICAN FUTURE FUEL CORPORATION
Luke Montaine, Chief Executive Officer
For further information, contact:
Luke Montaine at [email protected]
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.