VANCOUVER, British Columbia, November 27, 2025 (GLOBE NEWSWIRE) — Refined Energy Corporation (CSE: RUU; OTC: RFMCF; FRA: CWA0) (“exquisite” or “Company“) is pleased to announce that it has acquired a further 529 hectares of Dufferin West land and a further 1,470 hectares of Dufferin North land as part of the Dufferin Project (the “Dufferin Project”).Project Dufferin“”, a prospective uranium deposit located in the Athabasca Basin, Saskatchewan, Canada. The Dufferin Project currently comprises a total of 14,800 hectares. Refined has the right, at its option, to acquire up to a 75% interest in the Dufferin Project (see Refined press release dated February 27, 2024 and August 6, 2025) from Eagle Plains Resources Ltd. (“Eagle Plains“) through a series of cash payments, issuances of shares and financing of exploration costs at the Dufferin Project.
The Dufferin Project consists of two targets, Dufferin North and Dufferin West, both of which are located approximately 18 km from Cameco's Centennial discovery (historic well VR-031W3 intersected 8.78% U308 at a depth of 33.9 m).1 As a result of ongoing data analysis further confirming the viability of the area, Refined and Eagle Plains have expanded the Dufferin Project. These targets are prospective for uranium mineralization in the unconformity and basement near northeast-southwest trending faults. Basement fault contacts and brittle reactivated structures are the primary sites of mineralization within the Dufferin Project area.
Mark Fields, the company's chief executive officer, stated: “We are pleased to further increase the size of the Dufferin Project. This reflects our confidence that, having established a position in the Athabasca Basin region, which has a history of exploration, discovery and development of valuable uranium mines, we intend to advance our interest there and commence exploration programs to find the high-grade deposits that characterize the Athabasca Basin. A drilling program is currently planned for the first quarter. 2026. We expect details to be announced soon.”
Qualified Persons
CC (Chuck) Downey, P.J., a “qualified person” for purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and a director of Eagle Plains, has reviewed and approved the scientific and technical disclosures in this press release.
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1 This result was taken from Saskatchewan Industry and Resource Assessment Work File: 74G12-0061, Cameco Corp., 2009, DDH VR-031W3. The Company has not retained a qualified professional to verify this information, and this information is not necessarily indicative of the mineralization, if any, present at the Dufferin Project.
About Refined Energy Corp.
Refined Energy Corporation is a Canadian exploration company engaged in the discovery and development of uranium and critical energy metals projects in Tier 1 jurisdictions. With the Dufferin, Milner and Basin projects located in the Athabasca River Basin in Saskatchewan, the Company is advancing a diversified portfolio of assets that support the clean energy transition.
For more information contact:
Eli Dusenbury
Financial Director
+1 (604) 398-3378
[email protected]
Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future results. The use of any words “may”, “intends”, “expects”, “believes”, “will”, “predicts”, “estimates” and similar expressions and statements regarding matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions regarding the outcome and timing of such future events.
In particular, this press release contains statements including the planned drilling program in the first quarter of 2026, the engagement of consultants, exploration objectives, technical interpretations and the potential of the Dufferin, Milner and Basin projects. Forward-looking information is based on assumptions that management believes to be reasonable at the time of writing, including the successful completion of financing, availability of equipment and contractors and regulatory approvals.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include: the risk that the Company will not use the proceeds of the private placement as currently expected; risks inherent in mineral exploration and development, including risks associated with changes in project parameters as plans continue to be revised and the risk that exploration and development activities will cost more than the amount the Company has budgeted for such activities; risks associated with changes in mineral prices and global mineral supply and demand; risks associated with increased competition and current global financial conditions; access and supply risks; risks associated with the Company's dependence on key personnel; operational risks; regulatory risks, including risks associated with obtaining necessary licenses and permits; financing, capitalization and liquidity risks; title and environmental risks; and risks associated with failure to obtain all required regulatory approvals. The forward-looking information contained in this press release is made as of the date hereof, and the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange (CSE) has not reviewed, approved or disapproved of the contents of this press release.
