Aankondiging • May 02
Mustang Energy Corp. Announces Results from Drilling Program At Surprise Creek Project Mustang Energy Corp. has received assay results from all 11 diamond drill holes on the Surprise Creek Uranium-Copper (“Surprise Creek” or the “Project”), located in a prospective region known for its mineral potential northwest of the Athabasca Basin. The Company entered into an option agreement with Thunderbird Resources Ltd. to acquire an undivided 80% interest in the Project. The Project is located 25 km north-west of the Beaverlodge Uranium District, which hosts the historical uranium mines of Gunnar and Eldorado (Ace-Fay-Verna) and is located northwest of the Athabasca Basin. Mustang holds an option to acquire an 80% interest in the Project from Thunderbird Resources under an agreement announced on June 4 and June 16, 2025. The program is fully permitted, with drilling approvals granted by the Saskatchewan Government. The 2025 Surprise Creek Drill Program focused on testing the continuity of polymetallic high-grade uranium-copper veins exposed on surface. Historically, the area has produced encouraging results highlighted by historic drill hole VT20 revealing 2.1m @ 4.37% U3O8 at 57m. The Surprise Creek drill program aimed to further refine historically drilled target areas where previous uranium and copper mineralization has been observed, or recent summer 2025 prospecting and mapping with geophysical anomalies have identified mineralization and alteration. A total of nine diamond drill holes, comprising 1123m, were completed during the 2025 fall program in the Surprise Creek area. An additional two drill holes totaling 135m were drilled at the Bob Lake area, bringing the combined drilling total for the Surprise Creek and Bob Lake areas to 1,258m. The core samples collected from drill holes within the Surprise Creek and Bob lake areas were sent to SRC geoanalytical for geochemical analysis. Both locations warrant additional follow-up with ground drill targeting to test anomalies at deeper subsurface depths. Key Highlights: Surprise Creek: 9 drill holes totalling 1123m comprising 333 samples including QA/QC with the highest grading up to 535 ppm U308. High grade Uranium on surface traced discontinuously over a strike length of approximately 500 meters. Bob Lake: 2 drill holes totalling 138m comprising 68 samples including QA/QC. Drill hole BOB25-002 intersected 4.9 metres of copper mineralization beginning at 6.8 metres depth, grading 2.69% Cu, including 0.5 metres assaying up to 15.9% Cu. A separate 0.7 metre interval downhole at 22.5 metres returned grades of up to 3.91% Cu. Drill hole BOB25-001 intersected 2.4 meters of copper mineralization at 6.2 meters depth, grading 1.09% Cu, including 0.5 meters grading up to 3.57% Cu. Both drill holes are located within an easily accessible area with shallow mineralization. 3 metre wide by 9 metre strike length mineralized quartz vein on surface. Drill Highlights: Hole number From To Length (m) Cu % Au ppm BOB25-001 6.2 8.6 2.4 1.09 including 6.2 6.7 0.5 3.57 including 8 8.6 0.6 1.13 BOB25-002 6.8 11.5 4.7 2.69 including 6.8 7.5 0.7 3.44 including 7.5 8.3 0.8 1.95 including 8.3 8.8 0.5 15.9 1.97 BOB25-002 19 23.2 4.2 0.85 including 22.5 23.2 0.7 3.91 . Follow-up drilling and ground prospecting is warranted at the Bob Lake and Surprise Creek areas based on the encouraging surface mineralization and the highlighted drill results listed above. Several geophysical anomalies have been identified across Surprise Creek that require additional ground prospecting follow-up to refine targets and prioritize future drilling. Future drilling will focus on evaluating high-grade surface expressions at deeper depths to determine their subsurface continuity and potential scale. The Project is a multi-commodity project with prospective drill targets beyond the immediate areas of focus, including the Maimann Lake area and Surprise Creek NW area where surface sampling produced up to 63.4% Cu and 7.93% U3O8. The scientific and technical information in this news release has been reviewed and approved by Troy Marfleet, P.Geo., Technical Advisor for Mustang Energy, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Marfleet is a Qualified Person as defined by National Instrument 43-101. Geochemical Sampling Procedure: All drill core samples were transported by helicopter to the logging facility in Uranium City where they were logged, photographed, sampled and bagged on site. Samples were then shipped by air to Fort McMurray, Alberta by McMurray aviation then transported by truck to SRC Geoanalytical in Saskatoon, Saskatchewan. Blanks, certified reference material (CRM), and duplicates were inserted into the sample stream at regular intervals of 1:25 or better in accordance with Axiom Groups quality assurance/quality control (QA/QC) protocols. All samples passed internal QA/QC protocols and the results presented in this release are deemed complete, reliable, and repeatable. Drill core samples collected for analysis at Surprise Creek were sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan for preparation and processing. SRC Geoanalytical Laboratories is an ISO/IEC 17025:2017 and Standards Council of Canada certified analytical laboratory. Surprise Creek: Drill core samples from the Surprise Creek area were prepared using the ICP-MS 4-acid total digestion multi-element exploration package. A process where the samples are weighed, dried, and crushed into a fine powder before acid dissolution. All samples marked as radioactive upon arrival to the lab were requested to be analyzed using the U3O8 assay (reported in wt.%) if the samples hit overage limits. Bob Lake: Drill core samples from the Bob Lake area were tested using fire assay, ICP-OES and ICP-MS multi-element analysis. The samples were tested using the ICP3 partial digestion exploration package specifically designed for gold/base metal analysis along with the AU1-OES low grade gold fire assay exploration package. Aankondiging • Apr 18
Mustang Energy Corp. Announces Results from Sampling Program At Surprise Creek Project Mustang Energy Corp. entered into an option agreement with Thunderbird Resources Ltd. to acquire an undivided 80% interest in the Surprise Creek Uranium-Copper Project, located in a prospective region northwest of the Athabasca Basin. The field program at Surprise Creek included surface prospecting activities and detailed rock sampling, aimed at further refining target areas and outlining mineralization and alteration. Surface samples were collected from nine locations of interest where previous uranium and copper mineralization has been observed, or geophysical anomalies have been identified. The results outline the mineralization potential of uranium at the Surprise Creek area, and copper mineralization at the Bob Lake and Maimann Lake areas. Both locations warrant additional follow-up with ground prospecting and drill targeting to test anomalies at deeper subsurface depths. The Surprise Creek Project is located 25 km north-west of the Beaverlodge Uranium District, which hosts the historical uranium mines of Gunnar and Eldorado (Ace-Fay-Verna) and is located northwest of the Athabasca Basin. Mustang holds an option to acquire an 80% interest in the Project from Thunderbird Resources under an agreement announced on June 4 and June 16, 2025. The program is fully permitted, with exploration approvals granted by the Saskatchewan Government. The Company advises that, notwithstanding their proximity and location, discoveries of minerals on or near historic mines such as Gunnar and Eldorado, and any promising results thereof, are not necessarily indicative of the mineralization of, or located on the Project, or the Company’s ability to commercially exploit the Project, or to locate any commercially exploitable deposits therefrom. The Company cautions investors on relying on this information as the Company has not confirmed the accuracy or reliability of the information. A strong uranium radiometric anomaly has been identified at the previously defined Surprise Creek Fault drill target, where historical drilling returned results of up to 2.1m of 4.37% U3O8 from 57m. During the summer prospecting program, 37 grab samples were collected by Axiom in the Surprise Creek area which hosts polymetallic vein type uranium-copper mineralization and returned encouraging assay results of up to 9.39% and 7.93% U3O8 with up to 3.11% Cu values. Uranium surface mineralization has been traced discontinuously over a strike length of approximately 500 meters, highlighting the potential scale of the system. In addition to uranium mineralization, the program confirmed the presence of several historic copper targets, significantly enhancing the project's multi-commodity value proposition. Surface sampling carried out at the historic Bob Lake and Maimann Lake areas returned encouraging copper assays. Exploration at Bob Lake, which included a total of 16 grab samples returned significant values of up to 11.8% and 5.27% Cu with gold values reaching 1.2 g/t and 0.9g/t Au. An additional 12 grab samples were taken from the Maimann Lake showings and yielded very high-grade surface samples reaching 63.4% and 43.38% Cu. These results confirm the presence of high-grade copper within the project area and demonstrate a diverse mineral footprint that complements the company’s primary uranium targets. Rock samples from the prospecting program were described, photographed, and assigned unique IDs in the field. Sample locations and observations were recorded using handheld GPS units. All rock samples were bagged, sealed and stored at the Uranium City base before shipment to SRC Geoanalytical Laboratories in Saskatoon at the end of the program. Rock Samples collected for analysis at Surprise Creek were sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan for preparation and processing. Samples were tested using ICP-MS and ICP-OES multi-element analysis using total and partial digestion. Samples were tested using the ICPMS4AT multi-element exploration package. All samples marked as radioactive upon arrival to the lab were also analyzed using the U3O8 assay (reported in wt.%). Given the polymetallic nature of the Surprise Creek area the samples were tested using ICP-OES multi-element analysis ICP3 partial digestion and ICP4 total digestion for base metal analysis. SRC Geoanalytical Laboratories is an ISO/IEC 17025:2005 and Standards Council of Canada certified analytical laboratory. Blanks and standard reference materials were inserted into the sample stream at regular intervals in accordance with Axiom Group’s quality assurance/quality control (QA/QC) protocols. All samples passed internal QA/QC protocols and the results presented in this release are deemed complete, reliable, and repeatable. Rock Samples collected for analysis at Bob Lake and Maimann Lake were sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan for preparation and processing. Samples were tested using fire assay, ICP-MS and ICP-OES multi-element analysis using total and partial digestion. Samples were tested using the ICPMS4AT multi-element exploration package. All samples marked as radioactive upon arrival to the lab were also analyzed using the U3O8 assay (reported in wt.%). Copper samples were tested using ICP-OES multi-element analysis ICP3 and ICP4 partial and total digestion exploration packages. Select gold samples were tested using AU1 low-grade fire assay exploration package excluding samples SRC385442, SRC445374, and SRC445375 mentioned in this report. SRC Geoanalytical Laboratories is an ISO/IEC 17025:2005 and Standards Council of Canada certified analytical laboratory. Blanks and standard reference materials were inserted into the sample stream at regular intervals in accordance with Axiom Group’s quality assurance/quality control (QA/QC) protocols. All samples passed internal QA/QC protocols and the results presented in this release are deemed complete, reliable, and repeatable. Aankondiging • Jan 01
Mustang Energy Corp. announced that it has received CAD 0.18 million in funding On December 31, 2025, Mustang Energy Corp. closed the transaction. The company announced that it has received 2,000,000 critical flow-through units at an issue price of CAD 0.09 per unit for gross proceeds of CAD 180,000. Each FT unit will consist of one common share and one-half of one transferable common share purchase warrant, with each whole FT warrant entitling the holder to purchase one common share of the company (on a non-flow-through basis) at a price of CAD 0.15 per warrant share for a period of two years following the closing of the offering. The securities issued in the offering are subject to a hold period expiring on May 1, 2026. In connection with the offering, the company paid a finder's fee to Red Cloud Securities Inc. of CAD 12,600 in cash and 140,000 share purchase warrants. Each finder warrant is exercisable into one common share at a price of CAD 0.15 per finder warrant share until December 31, 2027, and is subject to a hold period until May 1, 2026. Aankondiging • Nov 07
Mustang Energy Corp. Announces Results of TDEM Survey over the 914W Property Mustang Energy Corp. in connection with Skyharbour Resources Ltd. announced the results of a high resolution HTDEM survey at the 914W Uranium Project (the "Project"), totaling 136 line-kms. The Project has road access and is in a prospective region known for its mineral potential south of the Athabasca Basin. The 914W TDEM survey successfully defined a well-developed conductive zone within the Project. The geometry and strength of the anomaly are consistent with graphitic basement rocks or fault-bound alteration zones, both favorable for unconformity-type uranium mineralization. The Xcite™? helicopter-borne Time Domain Electromagnetic (TDEM) survey was flown by Axiom Exploration Group Ltd. over the Project, covering approximately 136 line-km. The survey simultaneously collected electromagnetic, magnetic, and radiometric data to map conductive, magnetic, and radiometric variations related to prospective uranium-bearing structures. The survey was flown in addition to Mustang's nearby Spur project TDEM survey. Early-time channels (0.014-0.045 m) show strong, high-amplitude EM responses along the east-central portion of the 914W block, indicating shallow conductive zones near surface. This conductor persists through mid-to-late time channels (0.12-0.56 m) and may represent graphitic horizons or fault-controlled alteration zones, a key uranium pathfinder feature in the Athabasca Basin margin setting. The intensity and continuity of the anomaly diminish slightly with later decay times, consistent with a discrete subsurface conductor rather than surficial noise. Airborne HTDEM survey over 914W project showing time channels 0.045 m with strong, high-amplitudes EM responses along the east- central portion of the 914W Block. The inversion modelling from 50 m to 350 m depth shows consistent conductive features. From 50 - 150 m the depth slices show a strong, laterally continuous conductive zone trending east-northeast across the east-central portion of The property. The 250 to 350 m depth slices show the conductivity anomaly persists at depth. A one-week prospecting and soil sampling program was carried out on claim the Project in May of 2025. In total, 25 rock samples and 142 soil samples were collected. The soil sampling focused on the northwest corner of the Project immediately south of the Scurry Rainbow E Zone1 and the Don Lake Trenches2 where no outcrop exposure is present. Rock sampling was limited by the scarcity of exposed outcrop across the property. Although the program did not identify any new significant discoveries, particularly in the southern portion of the Project, the northern soil grid returned anomalous uranium values. In this program, five soil samples from the southern portion of the grid exceeded 4 ppm U, which would be considered slightly elevated. Prospecting efforts did not confirm elevated uranium values in the southwestern part of the grid, likely due to limited outcrop exposure. However, anomalous uranium values were identified in the northeastern portion of the grid, including a granitic gneiss sample that returned 42.3 ppm U. Sampling Methods: Sampling Methods: Samples were submitted to SRC Laboratories in Saskatoon, SK, for analysis. Both rock and soil samples were tested using ICP-MS with four-acid digestion, ICP total four-acid digestion, and U3O8 assays by ICP reported in weight percent. Horizon A soil samples were collected by removing surface vegetation with a trowel and sampling the uppermost layer of topsoil. Rock samples were taken from exposed basement boulders or granitic outcrops that returned elevated counts per second (cps) readings. About the 9 14W Uranium Project: The Project consists of two claims claim claim claim. The Project consists of two claims claims claim claim for the Project, ICP-MS with a 4-acid digestion, ICP-MS, ICP total four- acid digestion, and U 3O8 assays by I CP reported in weight percent. Horizon: The Project consists of the Project consists of two claims claim claims. The Project consists of two claim claim claim claim. The Project is a total of two claims claim claim. Aankondiging • Oct 15
Mustang Energy Corp. Commences Drilling At Surprise Creek Uranium-Copper Project, Saskatchewan Mustang Energy Corp. announced the commencement of its inaugural diamond-drilling program at the Surprise Creek Uranium-Copper Project located northwest of the Athabasca Basin near Uranium City, Saskatchewan. The helicopter-supported program will test priority targets identified along the Surprise Creek Fault Zone, an area hosting high-grade uranium surface samples and historic drill intercepts. Mustang has engaged Base Diamond Drilling Ltd. to complete up to 2,000 metres of drilling focused on following up historical intercepts, improving structural understanding of the mineralized zones, and testing undrilled targets generated by recent geophysical surveys. Aankondiging • Sep 30
Mustang Energy Corp., Annual General Meeting, Nov 14, 2025 Mustang Energy Corp., Annual General Meeting, Nov 14, 2025. Aankondiging • Sep 27
Mustang Energy Corp. Makes Final Preparations for Surprise Creek Drilling Project, Saskatchewan Mustang Energy Corp. is making final preparations for the drilling activities planned on the Surprise Creek Uranium-Copper Project. The drill program is expected to commence on September 28, 2025. The Company entered into an option agreement with Thunderbird Resources Ltd. to acquire an undivided 80% interest in the Project. The drill program will be helicopter supported and be based out of Uranium City, Saskatchewan. Mustang Energy has engaged Base Diamond Drilling Ltd. as the contractor. Up to 2,000 meters is planned in the Surprise Creek Fault area, which hosts high-grade uranium surface samples and historical drilling returned results of up to 2.1 m of 4.37% U3O8 from 57 m1, 5. The purpose of the program will be to follow-up on historic drill intercepts, to better understand the mineralization-hosting structures, and to test zones with no previous drilling. Aankondiging • Aug 24
Mustang Energy Corp. Completes Sampling Program At Surprise Creek Project, Saskatchewan and Provides Update on the Acquisition of the Ford Lake Project Mustang Energy Corp. announced the completion of its first phase of field exploration activities on the Surprise Creek Uranium-Copper Project (the “Project”), located in a prospective region known for its mineral potential northwest of the Athabasca Basin. The Company entered into an option agreement (the “Option Agreement”) with Thunderbird Resources Ltd. (“Thunderbird”) to acquire an undivided 80% interest in the Project. Please refer to the Company’s news release dated June 4, 2025, and June 16, 2025, as filed under the Company’s SEDAR+ profile, for further details regarding the Option Agreement. The field program at Surprise Creek included surface prospecting activities and detailed rock sampling, aimed at further refining target areas and outlining mineralization and alteration. Surface samples were collected from nine locations of interest where previous uranium and copper mineralization has been observed, or geophysical anomalies have been identified. Structural data was collected from the Surprise Creek Fault area in an effort to better understand the mineralization controls. Results from this phase of exploration are expected to inform drill targeting on the Project. Surprise Creek Uranium-Copper Project: The Surprise Creek Project is located 25 km north-west of the Beaverlodge Uranium District, which hosts the historical uranium mines of Gunnar and Eldorado (Ace-Fay-Verna) and is located northwest of the Athabasca Basin. A major high-resolution airborne magnetic, radiometric, and VLF-EM survey completed by Thunderbird in September 2024 identified multiple new uranium targets. A strong uranium radiometric anomaly has been identified at the previously defined Surprise Creek Fault drill target, where historical drilling returned results of up to 2.1m of 4.37% U3O8 from 57m and surface sampling by Thunderbird returned assays up to 7.98% U3O8. The area of surface uranium mineralisation extends discontinuously over a strike length of up to 500 m. In addition, the Project contains historical copper prospects including Bob Lake, Ellis Bay, and Waterloo South. Historical drilling results include 9.1m @ 2.07% Cu and 27.3g/t Ag from surface at Bob Lake,3 and 6.6m @ 1.31% Cu from 11m at Ellis Bay. Rock chip sampling of historical copper occurrences completed by Thunderbird in 2022 and 2023 returned assays up 61.7% Cu, 27.6% Cu and 9% Cu. A work permit application for exploration, including drilling at the Surprise Creek Fault prospect, has recently been approved by the Saskatchewan Government. Aankondiging • Jun 27
Mustang Energy Corp. Initiates Exploration At Cluff Lake North Uranium Project Mustang Energy Corp. announced the commencement of its field exploration activities at the Cluff Lake North Project, located in a prospective region known for its mineral potential in the world-renowned Athabasca Basin. The Company recently entered into an option agreement with Thunderbird Resources Ltd. to acquire an undivided 80% interest in the Project. The field program at the Project will involve surface prospecting activities, including detailed rock sampling, aimed at further refining target areas and outlining mineralization and alteration. The sampling program will be carried out over ten days. Results from this phase of exploration are expected to inform further exploration efforts, including drill targeting. Thunderbird completed a MobileMT survey in 2024 which delineated several basement conductors in the Moose Lake area of the project, which are potential pathways for uranium mineralising fluids. In the Moose Lake area, three high-priority drill target areas were defined by the MobileMT survey, one of which is coincident with a previously defined gravity/EM target. These targets are located within an interpreted structural corridor which extends north-northeast from the Cluff Lake Uranium deposits. The targets (ML-01, -02, -03) in this area are both basement-hosted, similar to the Cluff Lake deposits, and unconformity-related. Aankondiging • Jun 25
Mustang Energy Corp. announced that it expects to receive CAD 3 million in funding Mustang Energy Corp. announces a non-brokered private placement for gross proceeds of CAD 3 million on June 24, 2025. Non-flow-through units of the company at a price of CAD 0.14 per unit. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Critical flow-through units of the company at a price of CAD 0.165 per flow-through unit; Flow-through units to be sold to charitable purchasers at a price of CAD 0.235 per charity flow-through unit. Each flow-through unit and charity flow-through unit will consist of one common share to be issued as a flow-through share and one warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.21 for a period of 36 months following the issue date of the offered security. The closing of the offering is expected to occur on or around July 9, 2025, and is subject to receipt of all necessary regulatory approvals, including the Canadian Securities Exchange. Finders' fees will be payable in accordance with applicable securities laws and the policies of the CSE. Aankondiging • Jun 12
Mustang Energy Corp. Commences an Airborne Survey At Spur Project South of the Athabasca Basin, Saskatchewan Mustang Energy Corp. announced that it has initiated an Aerial Electromagnetic Survey (Xcite™ TDEM) with Radiometrics over the Spur Project (the “Project”) located south of the Athabasca Basin, Saskatchewan. The Project is located in a favorable region prospective for uranium, rare earth elements (REEs), and base metal mineralization. The Xcite™ TDEM survey with Radiometrics will be flown by Axiom Exploration Group. The airborne survey will encompass the portion of the claim package covering approximately 10,000 hectares which has not been covered by modern day electromagnetic (EM) survey techniques. The airborne survey aims to precisely locate EM and radiometric anomalies, and aid in geological interpretations on the property advancing exploration targeting. Xcite™ is a new generation of helicopter-borne time-domain electromagnetic (TDEM) systems developed by New Resolution Geophysics (NRG™). Axiom is an exclusive provider of this service in North America. This state-of-the-art technology provides an efficient alternative to prior TDEM technologies for mineral exploration. The system utilizes a patented inflatable transmitter loop with a diameter of approximately 20 meters, suspended about 30 meters below the helicopter. The Xcite™ system offers improved signal clarity, enabling the detection of subtle subsurface features. It features a programmable waveform with a fast turn-off time, allowing for flexibility in data acquisition and improved resolution of both shallow and deep targets. Aankondiging • May 24
Mustang Energy Corp. Commences Field Program At 914W Uranium Project Mustang Energy Corp. announced the commencement of its 2025 field exploration program at the 914W Project (the "Project"), located in a prospective region known for its mineral potential south of the world-renowned Athabasca Basin. The Company purchased an interest in the Project pursuant to an option agreement (the "Option Agreement") with Skyharbour Resources Ltd. whereby the Company may acquire a 75% interest in the Project by satisfying certain conditions. The field program at the Project will involve surface prospecting activities, including detailed rock and soil sampling, aimed at identifying zones of mineralization and alteration across target areas. The sampling program will be carried out over nine days. Results from this phase of exploration are expected to inform further exploration efforts, including geophysical surveys or drilling in future phases. The program marks a step forward in Mustang's strategy to advance projects through systematic exploration. About the 914W Uranium Project: The Project is situated approximately 48 km southwest of Cameco's Key Lake Operation, offering favourable logistics and access via Highway 914. The Project is strategically positioned within the Western Wollaston Domain, known for unconformity-related and pegmatite-hosted uranium mineralization. The Project hosts favorable geology with local graphite bearing assemblages. Immediately to the north of the Project is the Scurry Rainbow Zone E1 and the Don Lake Trenches2, where up to 1,288 ppm U was encountered in drill hole ML-11, and surface prospecting revealed up to 0.64% U3O8 in a trench at Don Lake Zone E2. The Company advises that, notwithstanding the proximity of location, discoveries of minerals on or near the Scurry Rainbow Zone E, Don Lake Trenches, and Cameco's Key Lake Operation., and any promising results thereof are not necessarily indicative of the mineralization of, or located on the Project, or the Company's ability to commercially exploit the Project, or to locate any commercially exploitable deposits therefrom. The Company precautions investors on relying on this information as the Company has not confirmed the accuracy or reliability of the information. While historical exploration conducted several geophysical and geological surveys over portions of the property, most of the Project remains underexplored. Mustang sees potential for advancing uranium and rare earth element (REE) exploration on this property. Aankondiging • May 15
Mustang Energy Corp. (CNSX:MEC) completed the acquisition of Nucleus Uranium Ltd. from Golden Mile Resources Corp. Mustang Energy Corp. (CNSX:MEC) entered into a share exchange agreement to acquire Nucleus Uranium Ltd. from Golden Mile Resources Corp. for CAD 2.34 million on May 5, 2025. As part of the consideration, Mustang would issue an aggregate of 9 million common shares in the capital of the company at a deemed price of CAD 0.26 per consideration share to Golden Mile Resources.
The transaction is expected to complete by May 26, 2025, subject to the satisfaction of various conditions as are standard for a transaction of this nature, including, but not limited to receipt of all requisite consents, waivers and approvals, including the approval of the CSE, the absence of any material adverse change in the business, affairs or operations of Nucleus and other customary closing deliverables for a transaction of this nature.
Mustang Energy Corp. (CNSX:MEC) completed the acquisition of Nucleus Uranium Ltd. from Golden Mile Resources Corp. on May 14, 2025. Aankondiging • May 07
Mustang Energy Corp. (CNSX:MEC) entered into a share exchange agreement to acquire Nucleus Uranium Ltd. from Golden Mile Resources Corp. for CAD 2.34 million. Mustang Energy Corp. (CNSX:MEC) entered into a share exchange agreement to acquire Nucleus Uranium Ltd. from Golden Mile Resources Corp. for CAD 2.34 million on May 5, 2025. As part of the consideration, Mustang would issue an aggregate of 9 million common shares in the capital of the company at a deemed price of CAD 0.26 per consideration share to Golden Mile Resources.
The transaction is expected to complete by May 26, 2025, subject to the satisfaction of various conditions as are standard for a transaction of this nature, including, but not limited to receipt of all requisite consents, waivers and approvals, including the approval of the CSE, the absence of any material adverse change in the business, affairs or operations of Nucleus and other customary closing deliverables for a transaction of this nature. Aankondiging • May 04
Mustang Energy Corp. Provides Update on Geophysical Reinterpretation and Targeting Mustang Energy Corp. provided an update on its ongoing geophysical reprocessing, reinterpretation and targeting work in collaboration with leading geophysical consultants Resource Potentials Ltd. ("ResPot") of Perth, Australia. This initiative reflects Mustang's commitment to advancing exploration across its Athabasca Basin uranium projects through cost-effective, technically sound data integration. Following a detailed historical data compilation, ResPot has reprocessed and interpreted a suite of high-resolution airborne magnetic, radiometric, gravity, and electromagnetic ("EM") datasets over Mustang's properties. These datasets were sourced from open-file surveys by provincial and federal agencies and integrated with digital elevation models, geological maps, mineral occurrence records, drilling and geochemical data, and satellite imagery in GIS software. Magnetic datasets were utilized to inferred the depth and architecture of the Athabasca Basin unconformity--a critical control for high-grade uranium mineralization. VTEM, MegaTEM, GeoTEM, ZTEM, and VF surveys, were processed to identify conductive anomalies potentially related to graphitic pelite units and clay alteration zones. Ratios and products of radioelement concentrations (K, Th, U) were computed to enhance subtle radiometric anomalies, despite their susceptibility to attenuation by surface cover. The integrated interpretation has revealed multiple areas of interest coincident EM-magnetic-low anomalies characteristic of basement-hosted unconformity-related uranium deposits. A key component of this work has involved the continuous interpretation of geophysical data to guide targeted mineral claim staking, alongside the review of internal and public datasets, as Mustang evaluates potential project acquisitions and joint venture opportunities. In addition to the reprocessing, re interpretation, and targeting of historical datasets, ongoing interpretation is also underway on newly acquired airborne geophysical surveys. These include a MobileMT survey recently completed over the Yellowstone Project and an Xcite™? TDEM survey over the Dutton Project. Further analysis will also be conducted on the upcoming Xcite™? TDem survey with radiometric data acquisition planned for the Spur Project in May. These contemporary datasets are expected to complement the historical compilation work and enhance Mustang's ability to prioritize drill-ready targets across its portfolio. The work conducted thus far, has resulted in targeting based off of the open source geophysical datasets over Mustang's Athabasca Basin Uranium portfolio. Areas of interest have been identified based on this reinterpretation: 914W Project: Positioned approximately 45 km south of the Athabasca Basin edge, this project hosts an EM conductor anomaly coincident with a magnetic low and subtle radiometric uranium signature. Furthermore, the project lies along trend with known uranium and REE occurrences. The company plans to initiate a field-based prospecting program this spring to further assess these priority targets. 914W Project claim and mineral occurrences over a mosaic EM decay colour image from 3 adjacent airborne EM surveys where hot colours indicate electrical conductors, all overlying greyscale magnetic derivative background image. An EM conductor of interest is coincident with a magnetic-low anomaly and is considered to be a priority target area. Spur Project: Located about 30 km south of the Basin, Spur is intersected by regional magnetic-low and EM conductor trends. Located about 30 km south of The Basin, Spur is intersected By-collection of radiometrics to in-fill areas not covered by modern day EM survey techniques. This project, like 914W, is also considered prospective for REE mineralization based on regional occurrence trends. Aankondiging • Apr 18
Mustang Energy Corp. Receives Results from Airborne Mobile Magnetotellurics Survey At Their Yellowstone Project, Saskatchewan Mustang Energy Corp. announced that it has received results from a helicopter-borne Mobile MagnetoTellurics survey conducted at its wholly owned Yellowstone Project, located in the western Athabasca Basin, Saskatchewan. The survey was completed by Expert Geophysics of Aurora, Ontario, covering 373 line-kilometres at a 400-metre line spacing. Magnetic and Very Low Frequency data were collected over the northeastern portion of the claim block, targeting areas not previously investigated using deep-penetrating electromagnetic methods. The MobileMT system is designed to detect conductors at depths greater than 1,000 metres, offering a high-resolution view of potential basement-hosted structures favorable for uranium mineralization. Analysis of the MobileMT data has outlined multiple exploration targets, characterized by strong, deep conductive anomalies coinciding with interpreted structural features, suggesting the potential for uranium hosting hydrothermal or structural zones related to unconformity type uranium deposits. The VLF data reveals near-surface linear features interpreted as fault structures. These lineaments frequently align with breaks or offsets in the conductivity and magnetic datasets, as well as subtle radiometric U and Th radiometric anomalies suggesting fluid circulation from depth, adding a valuable structural layer for prioritizing targets. Geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery. The recent MobileMT survey has successfully infilled a portion of the Yellowstone Project which had not previously seen deep penetrating electromagnetics testing, giving complete geophysical coverage across the property. The Company now has a robust dataset of airborne EM surveys, as well as magnetic and radiometric datasets, providing a comprehensive understanding of both shallow and deep-seated structures. This multi-layered geophysical framework enhances the ability to vector toward high-priority uranium targets with increased confidence. The Company is actively integrating these results with historical data to refine and prioritize future drill targets. Mobile Magnetic Tellurics (MobileMT) is the latest innovation in airborne electromagnetics and one of the most advanced generation of airborne AFMAG technologies. The MobileMT technology utilizes naturally occurring electromagnetic (EM) fields in the frequency range of 25 - 20,000 Hz. Thunder storms release energy, some of which is converted into EM fields that propagate through the ionosphere-Earth interspace. The EM fields and current induced by these EM fields in the subsurface are used in MobileMT to identify variations in subsurface electrical resistivity. The MobileMT technology is the product of extensive experience in developing equipment and signal/data processing algorithms for natural EM fields measurement. MobileMT combines the latest advances in electronics, airborne system design, and sophisticated signal processing techniques. The advanced noise processing technique of both electronic and signal processing levels ensures high data quality even for low natural EM fields. The MobileMT survey system can effectively identify deep seated structures that may be associated with feeder fault systems to uranium mineralization, and is capable of detecting both the basement-hosted electromagnetic conductors and sandstone-hosted zones of anomalous resistivity commonly associated with Athabasca Basin uranium deposits. MobileMT is capable of resolving resistivity contrasts to depths exceeding 1,000 metres, and notably, previous MobileMT surveys have successfully identified basement conductors and alteration zones in the sandstone forms of prominent uranium deposits across the Athabasca Basin. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except except in the VLF data from the VLF data. Aankondiging • Apr 08
Mustang Energy Corp. (CNSX:MEC) acquired Mineral Claim Comprising 5,751 Hectares in northern Saskatchewan. Mustang Energy Corp. (CNSX:MEC) acquired Mineral Claim Comprising 5,751 Hectares in northern Saskatchewan on April 7, 2025.
Mustang Energy Corp. (CNSX:MEC) completed the acquisition of Mineral Claim Comprising 5,751 Hectares in northern Saskatchewan on April 7, 2025. Aankondiging • Mar 24
Mustang Energy Completes Airborne Geophysical Survey over the Dutton Project, Saskatchewan Mustang Energy Corp. announced that it has completed an Aerial Electromagnetic Survey (Xcite™ TDEM) over its 100% owned Dutton Project (or the "Project") in the southern Athabasca Basin, Saskatchewan. The Xcite™ TDEM survey commenced February 15, 2025 and covered the eastern portion of the claim package which has not been previously surveyed for electromagnetic (EM) conductors. The helicopter supported survey was completed by Axiom Exploration Group with 263 line-km flown at a 200 meter spacing. The survey is expected to precisely locate EM anomalies and aid in structural interpretations on the property for future drill targeting. Xcite™ is a new generation of helicopter-borne time-domain electromagnetic (TDEM) systems developed by New Resolution Geophysics (NRG™). Axiom is an exclusive provider of this service in North America. This state-of-the-art technology provides an efficient alternative to all prior TDEM technologies for the mineral exploration. The system utilizes a patented inflatable transmitter loop with a diameter of approximately 20 meters, suspended about 30 meters below the helicopter. The Xcite™ system offers exceptional signal clarity, enabling the detection of subtle subsurface features. It features a programmable waveform with a fast turn-off time, allowing for flexibility in data acquisition and improved resolution of both shallow and deep targets. Aankondiging • Nov 27
Mustang Energy Corp. announced that it expects to receive CAD 3 million in funding Mustang Energy Corp. announced a non-brokered private placement of up to 8,000,000 non-flow-through common shares at a price of CAD 0.25 for proceeds of CAD 2,000,000; and 3,448,276 critical flow-through common shares at a price of CAD 0.29 per share for proceeds of CAD 1,000,000.04; for aggregate proceeds are CAD 3,000,000.04 on November 25, 2024. The closing of the offering is subject to receipt of all necessary regulatory approvals including the Canadian Securities Exchange. Finders’ fees will be payable in accordance with applicable securities laws and the policies of the CSE. The securities issued under the offering will be subject to a hold period ending on the date that is four months plus one day following the date of issue in accordance with applicable securities laws. The company will pay a cash commission equal to 7% of the gross proceeds raised from the sale of any equity securities of the company and receive such number of common share purchase warrants as is equal to 7% of the number of securities under the offering, each to be exercisable for a period of 24 months following such closing date at an exercise price equal to the offering price of the securities sold during the initial term or within a period of 12 months thereafter, or such other exercise price as required by the policies of the CSE.