Mustang Energy Corp. Announces Non-Brokered Flow-Through Private Placement

Core Viewpoint - Mustang Energy Corp. is conducting a non-brokered private placement to raise C$180,000 through the sale of 2,000,000 critical flow-through units at a price of C$0.09 per unit [1] Group 1: Offering Details - Each FT Unit consists of one common share issued on a flow-through basis and one half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one common share at a price of $0.15 for two years [2] - The proceeds from the Offering will be used for resource exploration expenses classified as "Canadian exploration expenses" and "flow through critical mineral mining expenditures," which will be renounced to purchasers by December 31, 2025 [3] Group 2: Regulatory and Closing Information - The Offering is subject to necessary regulatory approvals, including from the Canadian Securities Exchange, and is expected to close by December 31, 2025 [5] - The securities issued will be subject to a hold period of four months plus one day from the date of issue [5] Group 3: Company Overview - Mustang Energy Corp. focuses on acquiring and developing uranium and critical mineral assets, actively exploring properties in the Athabasca Basin of Saskatchewan, Canada [7] - The flagship property, Ford Lake, spans 7,743 hectares, while additional projects cover 2,901 hectares in the Wollaston Domain and further expansions in the Cluff Lake region and south central Athabasca Basin [7]