Core Insights - Mustang Energy Corp. has made significant advancements in its exploration and financing activities throughout 2025, positioning itself as a key player in the uranium and critical minerals sector in Canada [1] Exploration Advancement and Field Programs - The company initiated its first diamond drilling campaign at the Surprise Creek Uranium-Copper Project, targeting high-priority geophysical and structural zones [2] - A field prospecting and reconnaissance program was completed at the Cluff Lake area properties to evaluate priority target areas and enhance geological understanding [3] - Ground-based exploration programs were conducted across the broader project portfolio, including geological mapping and geophysical surveys, refining drill targeting [4] - Key exploration permits were secured for the 914W Uranium Project, allowing for expanded exploration and drilling activities [5] Portfolio Expansion and Strategic Property Acquisitions - Mustang acquired the Surprise Creek Uranium-Copper Project and Cluff Lake area properties, enhancing its presence in the Athabasca Basin [6] - The company staked the Onyx Uranium Project and Bridal Veil Copper-Silver Project, broadening its exposure to prospective terrains [6] - Additional claims were staked at the 914W Uranium Project in collaboration with Skyharbour Resources Ltd., increasing the project's footprint [6][7] Strategic Financing and Capital Raised - Throughout 2025, Mustang raised approximately $3.58 million through non-brokered private placements to support exploration and corporate development [8] Investor Engagement and Market Presence - The company enhanced its market presence through proactive investor communications and participation in industry forums, increasing visibility of its exploration strategy [9] Outlook for 2026 - Mustang plans to advance its high-priority properties and exploration targets through expanded drilling programs and further geophysical surveys in 2026 [10] Consulting Agreements - The company entered into consulting agreements with three parties to provide corporate advisory services, issuing 4,000,000 restricted share units as consideration [11]

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]

VANCOUVER, British Columbia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FRA: 92T) (the “Company” or “Mustang”) is pleased to announce that it has staked two new mineral exploration properties in Newfoundland and Labrador — the Onyx Uranium Project (the “Onyx Project”) in southern Newfoundland and the Bridal Veil Copper–Silver Project (the “Bridal Veil Project”) in central Newfoundland — consisting of a combined 446 claims totaling approximately 3,875 hectares. Together, th ...

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]

Core Insights - Skyharbour Resources Ltd. announced that its partner Mustang Energy Corp. received positive results from a high-resolution HTDEM survey at the 914W Uranium Project, indicating a well-developed conductive zone favorable for uranium mineralization [1][4][5] Project Overview - The 914W Project covers 1,260 hectares and is located approximately 48 km southwest of Cameco's Key Lake Operation, with road access provided by Highway 914 [12] - The project is situated in a region known for its mineral potential, particularly for unconformity-type uranium mineralization [1][12] Survey Results - The HTDEM survey covered 136 line-km and successfully mapped electromagnetic, magnetic, and radiometric variations related to uranium-bearing structures [4] - Early-time channels showed strong EM responses indicating shallow conductive zones, which may represent graphitic horizons or fault-controlled alteration zones, key features for uranium exploration [5][6] - Inversion modeling indicated consistent conductive features from depths of 50 m to 350 m, with a strong conductive zone trending east-northeast across the property [6] Soil Sampling Program - A soil sampling program conducted in May 2025 collected 142 soil samples and 25 rock samples, focusing on areas with no outcrop exposure [7] - Although no significant discoveries were made, five soil samples from the southern portion of the grid exceeded 4 ppm U, indicating slightly elevated uranium values [8][9] Historical Context - The 914W Project has seen limited modern exploration despite its proximity to Highway 914 and prospective geology, with historical work dating back to 1968-1970 [13] - Previous prospecting in the area led to the discovery of significant uranium values, including up to 1,288 ppm U in drill holes [13] Company Background - Skyharbour Resources Ltd. holds a portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares [16] - The company is advancing its projects through exploration and drilling programs, aiming to maximize shareholder value through new mineral discoveries [20]

Core Insights - Mustang Energy Corp. announced the results of a high-resolution HTDEM survey at the 914W Uranium Project, covering 136 line-kms, which identified a well-developed conductive zone favorable for uranium mineralization [1][2][3] Survey Details - The Xcite™ helicopter-borne Time Domain Electromagnetic (TDEM) survey was conducted by Axiom Exploration Group Ltd., collecting electromagnetic, magnetic, and radiometric data to map variations related to uranium-bearing structures [2] - Early-time channels indicated strong EM responses along the east-central portion of the 914W block, suggesting shallow conductive zones near the surface [3] - Inversion modeling from 50 m to 350 m depth showed consistent conductive features, with a strong conductive zone trending east-northeast across the property [4] Soil Sampling Results - A soil sampling program in May 2025 collected 25 rock samples and 142 soil samples, focusing on areas with no outcrop exposure [6] - Although no significant discoveries were made, five soil samples from the southern portion exceeded 4 ppm U, indicating slightly elevated uranium values [8] - Anomalous uranium values were identified in the northeastern portion, including a granitic gneiss sample that returned 42.3 ppm U [9] Project Overview - The 914W Uranium Project consists of two claims covering 2,440 hectares, located approximately 48 km southwest of Cameco's Key Lake Operation, with favorable logistics via Highway 914 [11] - The project is situated over favorable geology, with local graphite-bearing assemblages, and remains largely underexplored despite historical surveys [13] - Mustang Energy holds an option agreement to acquire a 75% interest in the Project from Skyharbour Resources Ltd. [14]

Core Points - Mustang Energy Corp. has announced the details for its upcoming annual general and special meeting scheduled for November 14, 2025, in Vancouver, BC [1] - The meeting will address several key resolutions, including the election of directors and the approval of a plan of arrangement with its subsidiary [4] Meeting Details - The meeting will take place at Suite 2501 – 550 Burrard Street, Vancouver, BC, Canada at 10:00 am PST [1] - Shareholders can access meeting materials online and request copies via email or phone [1][2] Voting Information - Shareholders must complete and return the proxy form by 10:00 A.M. on November 12, 2025, to ensure their votes are counted [3] - Voting can be done online, by mail, or through other specified methods [2][5] Company Overview - Mustang Energy is focused on the exploration and development of uranium and critical mineral assets, holding a portfolio of 147,153 hectares in Saskatchewan's Athabasca Basin [4][6] - The company aims to create long-term value through responsible exploration and targeting high-impact areas [6]

Core Insights - Mustang Energy Corp. has initiated its first diamond-drilling program at the Surprise Creek Uranium-Copper Project located in Saskatchewan, marking a significant milestone for the company [1][3] Project Overview - The Surprise Creek Project is situated 25 km northwest of the Beaverlodge Uranium District, which includes historic uranium mines [5] - The project area has shown promising surface samples with assays up to 7.98% U₃O₈ and notable historical copper drilling results [5] - Mustang Energy holds an option to acquire an 80% interest in the project from Thunderbird Resources Ltd. under an agreement dated June 3, 2025 [6] Drilling Program Details - The helicopter-supported drilling program will target priority areas along the Surprise Creek Fault Zone, focusing on historical intercepts and new targets identified through recent geophysical surveys [2] - The program aims to complete up to 2,000 meters of drilling to enhance understanding of mineralized zones [2] Company Positioning - Mustang Energy has acquired over 140,000 hectares of land, secured essential permits, and established partnerships with industry leaders and First Nations communities [3] - The company has traded over 100 million shares and raised more than $8 million, positioning itself for growth as it explores high-priority targets [3]

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].

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]. Company Overview - Mustang Energy Corp. is a Canadian mineral exploration company focused on uranium and critical mineral assets, holding a portfolio of 147,153 hectares in Saskatchewan's Athabasca Basin, a premier uranium district [13]. 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]. Properties Overview - The Ford Lake Property spans 7,431 hectares and is strategically located near significant uranium deposits, including the Key Lake Mine [4]. - The Roughrider South and Cigar Lake East properties cover 3,443 hectares and are near the Cigar Lake Uranium Mine, indicating strong uranium potential [5]. Transaction Structure - The transaction includes a share capital reorganization, where existing Mustang shares will be renamed and exchanged for new shares and Allied shares [6][7]. - Mustang shareholders will receive a proportionate interest in Allied upon completion of the arrangement [7]. Financing and Listing - Allied plans to raise approximately $1,250,000 through securities offerings to fund exploration activities and working capital [8]. - Allied intends to seek a listing on the Canadian Securities Exchange [8]. Strategic Rationale - The arrangement is expected to allow for independent valuation of the properties, potentially unlocking additional value for shareholders [10]. - Isolating the Ford Lake Property is anticipated to accelerate its development by enabling focused resource allocation [10]. Approval Process - The arrangement requires approval from the Supreme Court of British Columbia and a special shareholder meeting, expected to be held on November 14, 2025 [11][12]. - Completion of the arrangement is anticipated by the end of Q4 2025, subject to necessary approvals [12].