Mustang Energy Advances Option with Skyharbour at the 914W Uranium Project and Announces Other Corporate Updates

Group 1 - Mustang Energy Corp. has completed the second tranche of milestone payments to Skyharbour Resources Ltd. under the Option Agreement for the 914W Uranium Project, involving a cash payment of $20,000, issuance of 1,098,901 common shares at a deemed price of $0.091 per share, and $100,000 in exploration expenditures [1] - The annual general and special meeting held on November 14, 2025, resulted in the approval of several resolutions, including the election of three directors, the appointment of auditors, and the approval of a plan of arrangement involving Mustang and its subsidiary Allied Strategic Resource Corp. [2] - The British Columbia Supreme Court has rendered a final order approving the Arrangement, with closing subject to customary conditions and approval from the Canadian Securities Exchange for Allied's common shares [3] Group 2 - Mustang Energy is focused on the discovery and development of uranium and critical mineral assets, holding a portfolio of 147,153 hectares in Saskatchewan's Athabasca Basin, a leading uranium district [4]