Refined Energy Corp. Closes C$1,500,000 Charity Flow-Through Private Placement

Executive Summary

• Refined Energy Corp. closed a non‑brokered “charity flow‑through” private placement, issuing 1,428,572 units at C$1.05 per unit for gross proceeds of C$1,500,000.60.
• Each unit consists of one flow‑through common share and one warrant to purchase an additional common share at C$1.05, exercisable until Feb 13 2028 (subject to a hold period through Apr 14 2026).
• Proceeds will be used for eligible Canadian exploration expenses on the Dufferin Project, funding Phase 1 of the 2026 exploration program, with all qualifying expenditures to be renounced by Dec 31 2026.

Key Details

• Units Issued: 1,428,572 units @ C$1.05 each → Gross proceeds: C$1,500,000.60.
• Unit Composition:
• 1 flow‑through common share (FT Share) per unit.
• 1 common share purchase warrant per unit, exercisable at C$1.05 until Feb 13 2028.
• Warrant Hold Period: Cannot be exercised until after Apr 14 2026.
• Tax Treatment: FT Shares and Warrants qualify as “flow‑through shares” under the Canadian Income Tax Act and Saskatchewan Mineral Exploration Tax Credit Regulations; underlying common shares issued upon warrant exercise will not retain flow‑through status.
• Use of Proceeds: Entire amount earmarked for eligible “Canadian exploration expenses” that qualify as flow‑through critical mineral mining expenditures on the Dufferin Project, specifically to fund Phase 1 exploration slated to start Q1 2026.
• Renunciation Deadline: All qualifying expenditures will be renounced in favour of unit subscribers on or before Dec 31 2026.
• Exemption Reliance: Placement completed under the Listed Issuer Financing Exemption (LIFE) of NI 45‑106, meaning securities are not subject to a statutory hold period under Canadian law.
• Offering Documentation: Offering document dated Jan 20 2026 available via SEDAR and company website.
• U.S. Securities Disclaimer: Units not registered in the United States; cannot be offered or sold there absent registration or exemption.

Notable Quotes

(No direct quotes were provided in the release.)