TORONTO / LONDON (IT BOLTWISE) – Refined Energy Corp. recently expanded its leadership team with the addition of uranium expert Ken Wheatley to maximize the growth potential in the uranium industry. At the same time, the terms of the option agreement for the Simard concession were adjusted to create more efficient exploration opportunities in Saskatchewan. These strategic moves underscore the Company’s commitment to strengthening its position in the North American uranium market.
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Refined Energy Corp., a Canadian company specializing in mineral exploration, has recently taken significant steps to strengthen its position in the uranium sector. By appointing Ken Wheatley, a recognized expert in uranium exploration, to the Board of Directors, the Company demonstrates its commitment to expanding its expertise in this area. Wheatley brings over 40 years of experience and has been instrumental in the development of significant uranium deposits such as Cluff Lake and McClean Lake.
The decision to add Wheatley to the board is part of a broader strategy by Refined Energy to increase the efficiency and effectiveness of its exploration projects. Wheatley’s extensive knowledge and experience is considered critical to the upcoming drilling program in the Athabasca Basin, one of the richest uranium deposits in the world. Refined Energy’s Mark Field emphasized that Wheatley’s contribution will significantly drive the company’s growth.
In parallel with the expansion of the board, Refined Energy also adjusted the terms of its option agreement for the Simard concession in Saskatchewan. These adjustments include a reduction in the number of claims from 96 to 61, representing approximately 3,539 hectares. In addition, payment dates and exploration requirements have been postponed to allow for more efficient use of resources. These changes are expected to become effective upon approval by the Canadian Securities Exchange.
As part of these adjustments, Refined Energy will issue an additional 50,000 shares to Geomap Exploration Inc., subject to a four-month lock-up period. These strategic moves demonstrate Refined Energy’s commitment to optimizing its exploration activities and solidifying its position as a leading player in the North American uranium industry. The company remains on the lookout for promising concessions to achieve its growth objectives.
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