Developing Critical Mineral Energy Projects for a Sustainable Future
CSE: RUU | OTC: RRUUF | FRA: CWA0
Refined Energy Corp (CSE: RUU | OTC: RRUUF | FRA: CWA0) is a junior mining company dedicated to identifying, evaluating and acquiring interests in mineral properties in North America.
Refined is currently focused on the exploration and development of its three uranium properties:
- Dufferin Project, a uranium focused project located in the Athabasca Basin, where Refined holds an option agreement to acquire up to 75% of the 14,800 hectares of land.
- Basin Project, a uranium focused project located in the Athabasca Basin, where the Company holds an option agreement to acquire 100% of the ~4,347 hectares of land.
- Milner Project, a uranium focused project where Refined possesses an option agreement, granting the opportunity to acquire the entire 1067 hectares of land.
OUR PROJECTS
Dufferin Project
Located in the Athabasca Basin, renowned for its high-grade uranium mines and ongoing discovery record of new uranium discoveries
Basin Project
The Basin Project is geographically positioned in the Athabasca Basin in Northern Saskatchewan.
Milner Lake Project
The Milner Lake Project covers 1067.326 hectares of land in the Athabasca Basin region.
ATHABASCA BASIN
Canada’s uranium reserves are concentrated primarily in northern Saskatchewan’s Athabasca Basin, which is renowned for containing some of the world’s richest uranium deposits. The uranium ore found here often has grades 10 to 100 times higher than the global average, making it one of the most significant sources for high-grade uranium globally.
The Athabasca Basin contributes to 15.5% of the world’s annual uranium production.
Saskatchewan ranks as the top mining jurisdiction in Canada and is seventh globally according to the Fraser Institute’s 2024 Annual Mining Survey. This position highlights its high attractiveness for investment in the mining sector due to strong geological potential and favorable policy conditions.
- Due to the Athabasca Basin, Canada is the second-largest producer of uranium globally, with U₃O₈ grades ranging from 10% to 20%, significantly higher than the global average of around 0.1% to 0.2%.
Sources:
- Government of Saskatchewan: Saskatchewan Third in the World for Mining Investment Attractiveness
- National Resources, Canada
- Visual Captialist: Athabasca Basin, The World’s Highest Grade Uranium District
Click to enlarge
Small Modular reactors (SMR)
- President Trump proposed a $1.2 billion budget in 2021 for advanced nuclear energy research and development, aligning with his pro-nuclear stance. He has indicated that he plans to leverage nuclear energy to reduce foreign energy reliance and cut regulatory barriers to domestic energy production by calling for nuclear reactors during his campaign.
- The Biden administration’s Energy Department invested over $1 billion to support reactor technology innovation, with plans for the US to triple nuclear power capacity by 2050.
- The global market for Small Modular Reactor (SMR) technology is valued at approximately $400 to $600 billion, as estimated by Stantec.
- Amazon has invested $500 million in X-energy, a developer of Small Modular Reactors (SMRs), to supply carbon-free energy for its operations. Collaborating with Energy Northwest, Amazon aims to develop SMR projects providing over 5 GW of energy by 2039. This initiative supports Amazon's Climate Pledge to achieve net-zero carbon emissions by 2040, while addressing the growing energy demand from data centers.
- Google has plans to build 500 MW of SMRs using advanced reactor technology, targeted to power its data centers by 2035. This aligns with Google's commitment to achieving 24/7 carbon-free energy and addressing the significant power demands of AI-driven operations, projected to reach 1,000 TWh by 2026.
- In the United Kingdom, six companies’ designs for the next generation of nuclear reactors have been selected to progress in a government competition supporting the development of this innovative technology for greater energy security.
- With three projects based in the Athabasca Basin, Refined Energy is well-positioned to provide a reliable and consistent supply of high-grade uranium, a critical resource for fueling Small Modular Reactors and ensuring their continuous power generation.
SMRs and Artificial Intelligence (AI)
Reliable and Consistent Energy Supply
The AI revolution is driving a massive increase in energy consumption, particularly for data centers powering AI algorithms. Major companies, such as Google, have recognized the need for clean, reliable energy sources. SMRs, with their ability to provide stable power, are positioned to support the energy-intensive needs of AI-driven operations while reducing carbon footprints
Scalable Power for Growing AI Demands
Companies like Google and Microsoft are leading the way by entering into agreements to purchase nuclear energy from SMRs. These deals underscore the critical role SMRs will play in meeting the high and growing energy requirements of AI. Google, for instance, plans to power its data centers using energy from SMRs starting by 2030.
Reduced Carbon Footprint
SMRs are particularly attractive due to their modular design, which allows for quicker deployment compared to traditional reactors. This modularity makes them an ideal solution for providing decentralized, on-demand power to facilities, such as those running AI workloads in remote or underserved regions.
Energy Independence for Remote AI Applications
As SMR technology matures, it’s expected to see significant growth, with projections suggesting that SMRs could constitute up to 5-9% of global nuclear capacity by 2040. This growth is critical for sustaining the energy needs of industries like AI, which is expected to account for a significant portion of global electricity consumption in the near future.