Refined Energy Raises C$1.5 Million in Charity Flow-Through Financing for Dufferin Exploration

Refined Energy ( (TSE:RUU) ) has provided an update.

Refined Energy Corp. has closed a non-brokered charity flow-through private placement, raising approximately C$1.5 million through the issuance of 1,428,572 units priced at C$1.05, each unit comprising a flow-through common share and a warrant exercisable at the same price until February 2028. The proceeds will fund qualifying exploration expenditures at the company’s Dufferin Project, including its phase one exploration program slated to start in the first quarter of 2026, potentially advancing its critical mineral and uranium exploration strategy in the Athabasca Basin and strengthening its position within Canada’s mineral exploration sector.

The flow-through shares and warrants qualify for Canadian and Saskatchewan flow-through tax incentives, with all qualifying expenditures to be renounced to subscribers by the end of 2026. The financing was completed under the listed issuer financing exemption, meaning the securities are free of a statutory hold period under Canadian securities laws, which could enhance liquidity for investors and broaden market participation in Refined Energy’s exploration upside.

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 Saskatchewan’s Athabasca Basin, and it also holds an option to earn up to 100% in the Basin and Milner uranium properties, while continuing to review additional acquisition opportunities.

Average Trading Volume: 263,635

Technical Sentiment Signal: Buy

Current Market Cap: C$30.24M

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