Mr. Mark Fields reports

REFINED ENERGY CORP. COMMENTS ON UNPRECEDENTED GLOBAL URANIUM SUPPLY DEFICIT AND U.S. NUCLEAR POLICY ACCELERATION

Refined Energy Corp. has provided a strategic update on the uranium sector following a series of significant global developments that have created a generational tailwind for North American explorers and producers.

The company believes that global energy markets are undergoing a structural realignment as governments seek reliable, low-carbon baseload power amid rising electricity demand, including demand driven by artificial intelligence, data centres, electrification and industrial decarbonization. Nuclear power has re-emerged as a central solution within this framework, with corresponding implications for uranium supply chains worldwide.

United States -- accelerated nuclear and fuel cycle strategy

In January, 2026, the United States government advanced a series of actions aimed at strengthening domestic nuclear power generation and rebuilding the U.S. uranium fuel cycle. These measures include $2.7-billion (U.S.) in federal funding commitments for uranium enrichment, support for advanced reactor fuel supply and executive actions intended to streamline regulatory processes and accelerate deployment timelines.

U.S. policy initiatives appear to be focused on reducing reliance on foreign uranium and enrichment services, particularly from geopolitically sensitive jurisdictions, while supporting domestic production, processing and enrichment capacity. These developments reflect a broader recognition of uranium as a strategic resource linked to national energy security and critical infrastructure resilience.

Positioning for a long-term nuclear cycle

Management believes these developments emphasize the importance of early stage uranium exploration in stable jurisdictions, particularly as utilities, governments and supply chain participants increasingly focus on long-term security of supply. For exploration companies, this environment underscores the strategic relevance of identifying, advancing and derisking uranium projects capable of supporting future development decisions as the nuclear fuel cycle continues to evolve.

Mark Fields, chief executive officer of Refined Energy, stated: "The uranium sector is being reshaped by long-term structural forces, including energy security priorities, decarbonization mandates and sustained growth in global electricity demand. In the United States, policy has clearly shifted toward rebuilding domestic nuclear fuel supply chains. For companies operating in the uranium exploration space, these changes reinforce the importance of advancing quality projects in stable jurisdictions and maintaining a disciplined, long-term approach to exploration and asset development. Refined continues to focus on building a strong exploration portfolio aligned with these evolving industry fundamentals."

The company continues to monitor global market and policy developments as it advances its exploration programs and evaluates opportunities aligned with long-term uranium supply fundamentals.

About Refined Energy Corp.

Refined Energy is a Canadian exploration company focused on the discovery and advancement of uranium and critical energy metal projects in Tier 1 jurisdictions. Its Dufferin, Milner and Basin projects are located in Saskatchewan's Athabasca basin, supporting a diversified pipeline of assets for the clean energy transition.

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