Radio Fuels Energy Corp.
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ROIC.AI
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- Radio Fuels Energy Corp. (CSE:CAKE, OTCQB:CKEFF), a subsidiary of Palisades Goldcorp Ltd., engages in the acquisition, exploration, and evaluation of mineral resource properties primarily focused on uranium and rare earth elements; the company holds 100% ownership of the flagship Eco Ridge Project in Elliot Lake, Ontario, comprising 371 crown cell claims and 4 mining leases covering approximately 7,800 hectares with NI 43-101 indicated resources of 39.9 million pounds U3O8 equivalent and inferred resources of 67.2 million pounds U3O8 equivalent, where over 300 million pounds of uranium oxide were historically mined from 1956 to 1996; it also controls the Eco Ridge Expansion Property of 25 patented mining claims spanning 400 hectares with historical resources of 9.7 million pounds contained U3O8, Nevada gold exploration assets as the state's largest junior land holder by mineral tenure following integration, and a 3% net smelter royalty on the Atlanta Gold Mine Project. Operations target uranium deposits and associated rare earth metals in premier North American mining jurisdictions, including Ontario, Canada, and Nevada, USA, serving investors seeking exposure to critical minerals amid growing nuclear energy demand. Founded in 2006 and headquartered in Toronto, Ontario, the company changed its name from Mainstream Minerals Corporation in November 2021. Recent strategic developments include the completion of a business combination with NV King Goldlands Inc. in November 2024, through which Radio Fuels issued shares enabling former NV King shareholders to hold 40% ownership while bolstering cash reserves to approximately $20 million and expanding into Nevada gold exploration; a definitive arrangement agreement in December 2024 with Palisades Goldcorp Ltd., culminating in shareholder approval in January 2025 and court-sanctioned acquisition in February 2025, under which Palisades acquired all Radio Fuels shares at an exchange ratio of 0.060538 Palisades shares per Radio Fuels share, creating a combined entity with $120 million in cash and marketable securities where former Radio Fuels shareholders hold 24% ownership; and leadership transitions featuring the appointment of Natalia Samartseva as Chief Financial Officer in late 2024 and Bill de Jong as Director.
Radio Fuels Shareholders Approve Arrangement with Palisades Goldcorp Ltd.
Radio Fuels Files Management Information Circular for Meeting of Shareholders to Approve Business Combination with Palisades
Palisades Goldcorp & Radio Fuels Announce Business Combination to Create Leading Resource Focused Investment Issuer
Radio Fuels & NV King Goldlands Announce Completion of Business Combination
Radio Fuels Announces Change in Senior Management
Radio Fuels & NV King Goldlands Announce Business Combination
Radio Fuels Appoints Bill de Jong as Director
Radio Fuels Announces Spin-Out of Elliot Lake Assets and Strategic Reorganization as an Investment Issuer
Radio Fuels Appoints Philip O'Neill as Chief Executive Officer and Director
Radio Fuels Announces Intention to Commence Normal Course Issuer Bid
Radio Fuels Energy Corp. Announces Resignation of Director
Mining Entrepreneur Bassam Moubarak Joins Radio Fuels Energy Corp. as Chief Financial Officer