Refined Energy Corp. (RUU) Financings
CSE: RUU · Gold, Antimony · Exploration stage
- Market cap$8.5M
- Share price$0.155
- 52-week range$0.155 – $1.12
- Shares outstanding55,023,865
- ExchangeCSE
- Properties6
- Websiterefinedenergy.com
Refined Energy Corp. is a Canadian mineral exploration company focused on the acquisition, exploration and development of strategic mineral projects in North America. The Company is currently focused on advancing the Golden Goose gold-antimony project in central Newfoundland and continues to evaluate additional high-quality exploration opportunities in tier-one jurisdictions.
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Refined Energy Corp. financial statements
Key figures read from 8 of 8 financial statement filings, Oct 9, 2018 to Oct 7, 2022. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jun 2022 | Jun 2021 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$0 | C$1,719,845 | C$641,583 | C$2,540,505 | C$1,016,593 |
| Total current assets | C$50,000 | C$1,227,281 | C$5,208,759* | C$3,316,091 | C$1,016,982 |
| Exploration and evaluation assets | — | — | — | C$78,357 | C$16,243 |
| Property, plant and equipment | — | — | C$5,043,876 | — | — |
| Total assets | C$283,938 | C$3,549,978 | C$33,723,059 | C$3,394,448 | C$1,033,225 |
| Debt | C$133,239 | C$129,382 | C$4,425,107 | — | — |
| Total liabilities | C$1,862,605 | C$3,753,111 | — | C$52,453 | C$354,367 |
| Shareholders' equity | (C$1,578,667) | (C$203,133) | C$25,375,789 | C$3,341,995 | C$678,858 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jun 2022 | FY Jun 2021 | FY Jun 2019 | FY Jun 2018 | FY Jun 2017 | |
|---|---|---|---|---|---|
| Revenue | C$29,321 | C$27,838 | C$9,311,119 | — | — |
| Cost of sales | (C$22,751) | (C$31,124) | (C$7,444,130) | — | — |
| Exploration and evaluation expense | — | — | — | C$5,140 | C$0 |
| General and administrative | C$1,528,931 | C$7,327,353 | C$3,612,994 | C$483,377 | C$107,620 |
| Share-based compensation | C$0 | C$1,835,458 | C$4,539,342 | C$922,246 | C$399,850 |
| Impairments and write-downs | C$0 | (C$119,247) | C$0 | — | — |
| Net income (loss) | (C$252,042) | (C$9,808,962) | (C$38,082,758) | (C$1,878,008) | (C$751,923) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jun 2022 | FY Jun 2021 | FY Jun 2019 | FY Jun 2018 | FY Dec 2017 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,168,636) | (C$7,023,069) | (C$10,439,405) | — | (C$549,098) |
| Investing cash flow | C$0 | (C$55,631) | (C$256,489) | — | (C$2,220,618) |
| Financing cash flow | C$1,252,451 | C$6,723,897 | C$10,300,205 | — | C$3,800,000 |
| Exploration spending (capitalized) | — | — | (C$4,438) | — | C$0 |
| Property, plant and equipment spending | — | — | (C$1,536,342) | — | (C$2,098,397) |
| Proceeds from share issues | C$1,247,200 | C$2,447,311 | C$5,434,705 | — | C$3,800,000 |
| Change in cash | (C$1,720,364) | C$675,260 | (C$388,701) | C$1,523,912 | C$1,030,284 |
| Cash at end of period | C$0 | C$1,719,845 | C$641,583 | C$2,540,505 | C$1,030,284 |
Refined Energy Corp. financings
1 financing announced or closed by Refined Energy Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-20 | Refined Energy Corp. (RUU) | Flow-through, LIFE offering, non-brokered | Closed, 1 tranche | $1.5M | $1.05 | Refined Energy Corp. Announces Charity Flow-Through Private Placement |
Refined Energy Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Refined Energy Corp. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2021-05-14 | Convertible debenture, repaid / settled | — | C$234,176 | — |
| 2021-01-19 | Convertible debenture, repaid / settled | — | C$1.2M | — |
| 2020-01-23 | Convertible debenture, repaid / settled | — | C$5M | — |
| 2019-04-16 | Loan, repaid / settled | — | C$5.5M | — |
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