Radio Fuels Bolsters Portfolio with Freeman Gold Corp. Securities

Radio Fuels Energy Corp. (CSE: CAKE) has announced a strategic acquisition, securing a significant stake in Freeman Gold Corp. (TSXV: FMAN). This move aligns with Radio Fuels' long-term energy and resource strategy, as it seeks to diversify its portfolio and tap into the growing demand for precious metals.

The acquisition of Freeman Gold Corp. securities brings several potential synergies to Radio Fuels' existing operations. Freeman's Lemhi Gold Project, located in Idaho, is a near-surface oxide gold resource with robust economics. The recently completed Preliminary Economic Assessment (PEA) shows an after-tax NPV(5%) of US$212.4 million and an IRR of 22.8% using a base case gold price of US$1,750/oz. This project has the potential to generate significant cash flows and contribute to Radio Fuels' overall financial performance.

The acquisition also impacts Radio Fuels' balance sheet and financial projections. With the closing of the non-brokered private placement, Freeman raised $3.6 million, which will be used to fund an initial feasibility study on the Lemhi Gold project. This investment aligns with Radio Fuels' commitment to supporting promising projects and driving value for its shareholders.

Radio Fuels' acquisition of Freeman Gold Corp. securities also exposes the company to the mining sector and its overall risk profile. While the mining sector can be volatile, the strategic acquisition of a high-potential gold project like Lemhi offers the potential for significant returns. As Freeman advances the project towards a production decision, Radio Fuels stands to benefit from any increases in the value of its investment.

In conclusion, Radio Fuels' acquisition of Freeman Gold Corp. securities is a strategic move that aligns with the company's long-term energy and resource strategy. The potential synergies, financial impact, and exposure to the mining sector make this acquisition an attractive opportunity for Radio Fuels and its shareholders. As Freeman continues to advance the Lemhi Gold Project, Radio Fuels will likely see increased value from its investment in Freeman Gold Corp. securities.