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Radio Fuels Energy Corp. (CKEFF) is a junior natural resource company focused on providing exposure to uranium and other commodities through investments, acquisitions, exploration, and development of projects and companies. The company recently appointed Bassam Moubarak as Chief Financial Officer, bringing over 15 years of experience in the mining industry. With a strong focus on strategic reorganization to unlock value, Radio Fuels plans to spin out its Elliot Lake assets and cash to shareholders, creating a separate entity to advance these properties. The company's CEO, Philip O'Neill, emphasized the unique opportunity the Elliot Lake project offers for investors seeking exposure to uranium moves. Additionally, Radio Fuels intends to leverage its balance sheet to finance and invest in various resource companies, aiming to increase shareholder value in the long term.
Palisades Goldcorp (TSXV: PALI) and Radio Fuels Energy (CSE: CAKE, OTCQB: CKEFF) have announced a business combination through a definitive arrangement agreement dated December 9, 2024. Under the agreement, Palisades will acquire all Radio Fuels shares, with Radio Fuels shareholders receiving 0.060538 Palisades shares for each Radio Fuels share.
The combined entity will have $120-million in cash and marketable securities and become Nevada's largest junior land holder. Post-merger, existing Palisades shareholders will own 76% and Radio Fuels shareholders 24% of the company. The deal includes Radio Fuels' Eco Ridge Project, containing 39.9Mlbs of U308 Eq Indicated and 67.2 Mlbs of U308 Eq Inferred resources. The transaction is expected to close in February 2025, subject to shareholder and regulatory approvals.
Radio Fuels Energy Corp (CSE: CAKE) (OTCQB: CKEFF) has completed its business combination with NV King Goldlands through a plan of arrangement. The deal involved exchanging approximately 8.73 Radio Fuels shares for each NV King share, resulting in former NV King shareholders holding 40% of Radio Fuels shares. The combined entity now has about $20 million in cash and marketable securities. Through this merger, Radio Fuels maintains its Eco Ridge Project for uranium and rare earth elements while becoming Nevada's largest junior gold explorer by mineral tenure, ranking third overall behind Nevada Gold Mines and Kinross Gold Corp. The company also gained a 3% net smelter royalty on the Atlanta Gold Mine Project.
Radio Fuels Energy Corp. (CSE: CAKE) (OTCQB: CKEFF) announces a significant leadership change with Bassam Moubarak's resignation as Chief Financial Officer and the appointment of Natalia Samartseva as the new CFO. During his tenure, Moubarak led financial strategies that contributed to the company's growth and oversaw the acquisition of NV King Goldlands. Samartseva, a Chartered Professional Accountant, brings over 15 years of experience in public company reporting, IFRS, internal controls, and auditing. She has extensive experience in financial leadership positions and expertise in financial reporting and analysis for junior resource companies.
Radio Fuels Energy Corp. (CSE: CAKE) (OTCQB: CKEFF) and NV King Goldlands Inc. have entered into a definitive arrangement agreement for a business combination. Radio Fuels will acquire all outstanding shares of NV King, with NV King shareholders holding 40% of Radio Fuels shares post-transaction. Key highlights include:
- Radio Fuels maintains 100% ownership of the Eco Ridge Project
- Becomes the largest junior gold explorer in Nevada by mineral tenure
- Gains exposure to the Atlanta Gold Mine Project through a 3% net smelter royalty
- Combined entity will have ~$20 million in cash and marketable securities
The transaction is subject to NV King shareholder approval, British Columbia Supreme Court approval, and CSE approval. It is expected to close in Q4 2024. Radio Fuels has decided not to proceed with its previously announced Elliot Lake assets spin-out.
Radio Fuels Energy Corp. has appointed Bill de Jong as Director, replacing Collin Kettell. Bill de Jong, a lawyer with expertise in Capital Markets, will bring his experience in securities, mergers and acquisitions, and corporate finance to the company. The company expresses gratitude for Mr. Kettell's past contributions.
Radio Fuels Energy Corp. announces a strategic reorganization where the company will become an investment issuer, spinning out Elliot Lake assets to shareholders through a newly incorporated company. The Spin-Out will provide investors ownership in two specialized firms - one focusing on uranium assets and the other investing in mineral exploration. SpinCo will hold Elliot Lake assets and $1.5 million in cash.
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