RUU Mergers

Refined Energy Corp. and Eagle Plains Resources Ltd. sign an amendment to the Option Agreement for the Dufferin Project in the Athabasca Basin

Published August 07, 2025 at 09:00 PM

VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Refined Energy Corp. (CSE: RUU | OTC: RRUUF | FRA: CWA0) ("Refined” or the "Company") announces that it has signed a further amendment with Eagle Plains Resources Ltd. ("EPL") on July 29, 2025 (the “Amended Agreement”), to the option agreement dated February 26, 2024, which was amended on January 30, 2025 (the “Agreement”), under which the Company has the right to acquire up to an undivided seventy-five percent (75%) interest in and to the Dufferin North and Dufferin West Property (the “Property”).

Related Questions

What are the estimated capital expenditures required to develop the Dufferin Project, and how will they be funded? What is the expected timeline for exercising the option to acquire up to a 75% interest in the Dufferin North and Dufferin West Property? What are the specific terms and conditions of the amended option agreement, and how do they differ from the original agreement? How will the acquisition of the property affect Refined Energy Corp.'s capital structure and potential dilution of existing shareholders? How might the amendment impact Refined Energy's cash flow and earnings forecasts in the short and long term? How does this transaction compare to recent similar deals in the Athabasca Basin or the broader uranium sector? Will the amendment trigger any covenants or reporting requirements that could affect Refined Energy's compliance status or credit facilities? What are the potential synergies or strategic benefits of partnering with Eagle Plains Resources Ltd. on this project? What regulatory approvals or environmental permits are required to advance the Dufferin Project, and what is the likelihood of obtaining them on schedule? How will the market react to the news of the amendment—what price movement can be expected for RUU and related securities? What is the projected resource potential (e.g., reserves, production rates) of the Dufferin North and Dufferin West Property, and how does it compare to Refined Energy's current asset base? What are the risks associated with the option exercise, including commodity price volatility, project execution delays, or financing constraints?