Mustang Energy Corp. Agrees to Acquire Nucleus Uranium Ltd.

Core Viewpoint - Mustang Energy Corp. has entered into a share exchange agreement to acquire Nucleus Uranium Ltd., which includes the Nucleus Saskatchewan project, expanding its uranium asset portfolio [1][2]. Acquisition Terms - The acquisition involves Mustang issuing 9,000,000 common shares at a deemed price of $0.26 per share to acquire all outstanding Nucleus Shares, making Nucleus a wholly-owned subsidiary [2]. - The transaction is not expected to result in a change of control for Mustang Energy Corp. [3]. Conditions for Completion - The acquisition is subject to standard conditions, including necessary approvals from the CSE and the absence of any material adverse changes in Nucleus's business [4]. - The anticipated completion date for the acquisition is May 26, 2025 [4]. Company Overview - Mustang Energy Corp. focuses on acquiring and developing uranium and critical mineral assets, holding a total of 92,211 hectares in the Athabasca Basin [5]. - The company has several projects in the region, including the Ford Lake project (7,743 hectares) and the Yellowstone Project (21,820 hectares) [5].