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Refined Energy ( (TSE:RUU) ) has provided an update.
Refined Energy Corp. plans to raise between approximately $1.5 million and $2 million through a non-brokered charity flow-through private placement of 1,428,572 to 1,904,762 units priced at $1.05 each, with each unit comprising one flow-through common share and one warrant exercisable at the same price for 24 months following a 60-day hold on warrant exercise. The proceeds will fund eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures at the company’s Dufferin Project, supporting the phase-one exploration program slated to start in the first quarter of 2026; the financing will be conducted under the listed issuer financing exemption, allowing participating Canadian investors to receive securities without resale restrictions under applicable securities laws, which may broaden the investor base and provide strategic capital for advancing Refined’s uranium-focused exploration pipeline.
More about Refined Energy
Refined Energy Corp. is a Vancouver-based junior mining company focused on identifying, evaluating and acquiring mineral properties in North America. Its flagship asset is the Dufferin Project in the Athabasca Basin, where a drill program is planned for 2026, and it also holds an option to earn up to a 100% interest in the Basin and Milner uranium properties in Saskatchewan while continuing to assess additional mineral projects for potential acquisition.
Average Trading Volume: 168,755
Technical Sentiment Signal: Buy
Current Market Cap: C$45.36M
Find detailed analytics on RUU stock on TipRanks’ Stock Analysis page.