Refined Energy plans drilling in Q1 2026

Executive Summary

• Refined Energy Corp. provided a corporate update on its exploration strategy for its uranium projects in Northern Saskatchewan, specifically detailing plans for a Phase 1 diamond drilling program at its flagship Dufferin project in Q1 2026.
• The company recently completed a $2-million equity financing on November 7, 2025, which supports the upcoming exploration activities.
• The Dufferin drill program will target high-priority zones identified through geophysical and geochemical work, with an initial phase of 1,250 to 2,000 meters of drilling.

Key Details

• Financing: Completion of a $2-million equity financing on November 7, 2025.
• Dufferin Project (Flagship Asset):
  • Drilling Plan: Phase 1 diamond drilling program scheduled for Q1 2026.
  • Drill Volume: Approximately 1,250 to 2,000 meters in the initial phase.
  • Targets: Three high-priority target zones identified via previous geophysical/geochemical work and recent inversion modeling.
  • Geological Characteristics: Strong structural intersections (magnetic/EM data) interpreted as fluid pathways; favorable basement lithologies (graphitic pelitic gneiss, fault-controlled alteration halos); surface geochemical anomalies with elevated uranium and pathfinder elements.
  • Recent Work: 2024 comprehensive reinterpretation of airborne geophysical data and field reconnaissance confirmed northeast-southwest-trending structures corresponding to known uranium-bearing systems.
• Milner Project:
  • Status: Hosts promising structural trends and geological contacts.
  • Next Steps: High-resolution radiometrics, ground-based EM surveys, and surface outcrop sampling to refine drill targets.
• Basin Project:
  • Status: Land position near existing uranium discoveries.
  • Findings: Early reconnaissance revealed anomalous radioactivity zones and interpreted fault splays.
  • Next Steps: Detailed follow-up required.
• Qualified Persons:
  • C.C. (Chuck) Downie, PGeo (Director of Eagle Plains) reviewed Dufferin technical disclosure.
  • Stephen Wallace, PGeo (Director of Searchlight) reviewed Milner and Basin technical disclosure.

Notable Quotes

• "Our work over the past 12 months has built a strong technical foundation that positions Refined for key exploration advancements early in the new year," said Mark Fields, chief executive officer of Refined. "The targets we've defined at Dufferin represent the right combination of structure, alteration and geophysical response that we look for in early-stage opportunities. We have now closed this critical financing round revealing supportive market conditions that will be the foundation of next steps for the company."