Refined Energy Corp. adds Ken Wheatley to Board of Directors and Amends Simard Property Option Agreement
Globenewswire·2025-12-02 13:00

Core Viewpoint - Refined Energy Corp. has appointed Ken Wheatley, a veteran uranium explorer with over 44 years of experience, to its Board of Directors, which is expected to enhance the company's exploration efforts in Saskatchewan's uranium districts [1][2][3]. Group 1: Appointment of Ken Wheatley - Ken Wheatley is a Professional Geoscientist with extensive experience in uranium exploration across Canada, having played key roles in discovering multiple notable deposits [2]. - Wheatley previously served as Vice President of Exploration for Forum Energy Metals Corp., where he discovered significant uranium showings in Northwest Athabasca [2]. - His educational background includes an H.B.Sc. from Laurentian University and an M.Sc. from the University of Saskatchewan [2]. Group 2: Company Developments - Refined Energy Corp. has entered into a fourth property option amendment agreement with Geomap Exploration Inc., amending a previous agreement to acquire up to a 100% interest in 96 mining claims covering approximately 5,571 hectares in Quebec [3][4]. - The Fourth Amending Agreement reduces the number of mining claims from 96 to 61, now covering approximately 3,539 hectares, and defers certain payment and exploration obligations [4]. - As part of the agreement, the company will issue 50,000 shares to Geomap, pending approval from the Canadian Securities Exchange [5][6]. Group 3: Company Overview - Refined Energy Corp. is a junior mining company focused on identifying and acquiring mineral properties in North America, with its flagship project being the Dufferin Project in the Athabasca Basin [7]. - A drill program is planned for the Dufferin Project in 2026, and the company is also exploring other mineral properties for potential acquisition [7].

Refined Energy Corp. adds Ken Wheatley to Board of Directors and Amends Simard Property Option Agreement - Reportify