Acquisition of Mineral Licence 034939M fills an internal gap and unifies the Golden Goose land package in Newfoundland
VANCOUVER, British Columbia, Nov. 10, 2026 (GLOBE NEWSWIRE) — Refined Energy Corp. (CSE: RUU | OTC: RRUUF | FRA: CWA0) (the “Company”) is pleased to announce that it has entered into a definitive mineral property purchase agreement to acquire a 100% interest in Mineral Licence No. 034939M, located within the central portion of the Company’s Golden Goose property in Newfoundland.
The licence fills an internal gap in the Company’s existing land position, allowing this central area to be included in future exploration planning.
“This acquisition is modest in size and cost but strategically located,” said Mark Fields, CEO of Refined Energy. “Securing this licence consolidates our land position at Golden Goose and allows us to include this central area in our exploration planning as we advance the project.”
Under the agreement, the Company will acquire the licence from Stephen Stockley Agriculture and Fabrication Inc. for $7,000 in cash and a 2.0% net smelter returns royalty. The Company may repurchase one-half of the royalty, reducing it to 1.0%, for $1,000,000. All amounts are in Canadian dollars.
The cash consideration is payable in two equal instalments, with the final payment due upon confirmation of the completed title transfer.
Golden Goose Property Map
Figure 1: Golden Goose property showing the location of Mineral Licence No. 034939M within the existing claim block.
About Refined Energy Corp.
Refined Energy Corp. is a junior resource exploration company focused on identifying, acquiring, and advancing high-potential mineral properties across stable jurisdictions in Canada.
On behalf of the Board of Directors,
REFINED ENERGY CORP.
“Eli Dusenbury”
Chief Financial Officer
For further information, please contact:
Refined Energy Corp. Corporate Communications
Email: info@refinedenergycorp.com
Website: refinedenergy.com
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable Canadian securities laws, including statements regarding completion of the acquisition and registration of the licence transfer, the anticipated benefits of consolidating the Company’s land position, and future exploration planning and activities at Golden Goose.
These statements are based on management’s current expectations and assumptions, including that the acquisition and title transfer will be completed as contemplated and that the Company will have the funding, approvals and resources necessary to carry out future exploration. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including delays in completing the acquisition or registering the transfer, the availability of financing and regulatory approvals, and the inherent uncertainties of mineral exploration.
There can be no assurance that forward-looking statements will prove to be accurate. Readers are cautioned not to place undue reliance on these statements. The Company undertakes no obligation to update forward-looking statements except as required by applicable law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/38a17e50-44ff-4586-a001-41088b0d5780
