Refined Energy Corp. Announces Charity Flow-Through Private Placement

Executive Summary

• Refined Energy Corp. announced a non‑brokered “charity flow‑through” private placement of 1,428,572 – 1,904,762 units at $1.05 per unit, targeting gross proceeds of $1.5 M to $2.0 M.
• Each unit consists of one flow‑through common share and one warrant (exercise price $1.05, 24‑month term, 60‑day hold period).
• Proceeds will be used for eligible Canadian exploration expenses on the Dufferin Project, including funding a Phase 1 exploration program expected to start Q1 2026.

Key Details

• Units Offered: Minimum 1,428,572 units; maximum 1,904,762 units.
• Price per Unit: $1.05.
• Aggregate Gross Proceeds: Minimum $1,500,000.60; Maximum $2,000,000.10.
• Closing Date Target: On or about February 13 2026, subject to regulatory approvals and raising the minimum amount.
• Unit Composition:
• 1 flow‑through common share (FT Share).
• 1 common share purchase warrant (exercise price $1.05, exercisable for 24 months, 60‑day hold period post‑closing).
• Tax Treatment: FT Shares intended to qualify as “flow‑through shares” under the Canadian Income Tax Act; underlying Common Shares issued upon warrant exercise will not be flow‑through shares.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as “flow‑through critical mineral mining expenditures” at the Dufferin Project, specifically funding Phase 1 exploration slated for Q1 2026.
• Exemption Basis: Offered under National Instrument 45‑106 (LIFE Exemption), permitting sale to Canadian residents without resale restrictions.
• Offering Document: Dated January 20 2026, available on www.sedarplus.ca and the Company’s website https://refinedenergy.com.

Notable Quotes

(No direct quotes were provided in the release.)