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An announcement from Refined Energy ( (TSE:RUU) ) is now available.
Refined Energy Corp. has amended its option agreement with Searchlight Resources Inc. to extend the due dates for cash payments and exploration expenditures related to the Milner and Basin properties. This amendment allows Refined Energy more time to fulfill financial and exploration commitments, potentially enhancing its strategic positioning in the uranium sector. The issuance of 27,500 common shares to Searchlight as part of this agreement is subject to regulatory approval, with a statutory hold period imposed on the shares.
More about Refined Energy
Refined Energy Corp. is a junior mining company focused on identifying, evaluating, and acquiring interests in mineral properties across North America. Its flagship project is the Dufferin Project in the Athabasca Basin, with a drill program planned for 2025. The company also has an option to earn up to a 100% interest in the Basin and Milner uranium properties in Saskatchewan and is actively reviewing other potential acquisitions in the region.
YTD Price Performance: 37.14%
Average Trading Volume: 27,428
Technical Sentiment Signal: Sell
Current Market Cap: C$9.1M
See more data about RUU stock on TipRanks’ Stock Analysis page.