08:34 AM EDT, 09/05/2025 (MT Newswires) -- Sulliden Mining Capital ( SULMF ) said overnight Thursday it changed its name to Future Mineral Resources and will implement a 1-for-10 reverse stock split.

Following consolidation, the company will have about 16.7 million shares outstanding, down from 166.9 million. The stock is expected to begin trading under the new name and ticker FMR on or about Sept. 9, subject to TSX approval.

The company also closed four shares-for-debt agreements dated July 29 with 2227929 Ontario, a company controlled by chief executive Fred Leigh, and three other private companies, two of which are controlled by former directors and officers of the company. It issued about 36.3 million shares on a pre-consolidation basis at $0.05 each to settle about $1.9 million of debt.

Shares closed unchanged at $0.035 Thursday on the Toronto Stock Exchange.