Mustang Energy Corp. Enters Into Arrangement Agreement to Spin Off Ford Lake, Roughrider South and Cigar Lake East Projects

Core Viewpoint - Mustang Energy Corp. has entered into an arrangement agreement to transfer its properties to its subsidiary, Allied Strategic Resource Corp., and spin out Allied shares to Mustang's securityholders, aiming to unlock value and focus on development [1][10]. Group 1: Arrangement Details - The arrangement involves transferring Mustang's rights to the Ford Lake, Roughrider South, and Cigar East properties to Allied, which will become a separate reporting issuer [2][6]. - Mustang will retain interests in other projects, with a strategic focus on the Yellowstone property [3]. - The Ford Lake Property consists of three claims covering 7,431 hectares and is strategically located near significant uranium deposits [4]. Group 2: Properties Overview - The Roughrider South and Cigar Lake East projects cover a total area of 3,443 hectares and are located near the Wollaston-Mudjatik transition zone, close to major uranium mines [5]. - The arrangement will include a share capital reorganization, with existing Mustang shares being renamed and exchanged for new shares and Allied shares [6][7]. Group 3: Financial Aspects - Allied plans to raise approximately $1,250,000 through securities offerings to finance exploration activities and working capital [8]. - The arrangement is expected to enhance the independent valuation of the properties, benefiting Mustang's shareholders by providing ownership in two distinct public companies [10]. Group 4: Approvals and Timeline - The arrangement requires approval from the Supreme Court of British Columbia and a special shareholder meeting scheduled for November 14, 2025 [11][12]. - Completion of the arrangement is anticipated by the end of Q4 2025, subject to necessary approvals [12].