Core Viewpoint - Mustang Energy Corp. has successfully closed the initial tranche of a $3,000,000 non-brokered private placement, raising C$1,172,292.99 to fund its uranium exploration projects in the Athabasca Basin, Saskatchewan [1][3]. Group 1: Financial Details - The initial tranche consisted of NFT Units and FT Units, with each NFT Unit comprising one common share and one share purchase warrant, while each FT Unit consists of one flow-through share and one warrant [2]. - The warrants allow holders to purchase one non-flow-through share at a price of C$0.21 for a period of 36 months following the issuance [2]. - The company paid finder's fees totaling $79,875.46 in cash and issued 571,312 Finder's Warrants to Red Cloud Securities Inc. as the lead finder [5]. Group 2: Use of Proceeds - Proceeds from the initial tranche will be allocated to the exploration of uranium projects in the Athabasca Basin and for general working capital [3]. - The gross proceeds from the issuance of FT Shares will be used to incur Canadian exploration expenses and flow-through critical mineral mining expenditures, which will be renounced to purchasers by December 31, 2025 [3]. Group 3: Company Overview - Mustang Energy Corp. focuses on acquiring and developing high-potential uranium and critical mineral assets, holding 77,318 hectares in the Athabasca Basin [7]. - The flagship property, Ford Lake, covers 7,743 hectares in the eastern Athabasca Basin, with additional projects including Cigar Lake East and Roughrider South [7][8].

Group 1: Leadership Changes - VVC Exploration Corporation appointed Mr. Bill Kerrigan as President and Chief Operating Officer, while Mr. James A. Culver remains as CEO [1][2] - Chairman Terrence Martell expressed gratitude to Mr. Culver for his service and welcomed Mr. Kerrigan, indicating confidence in his ability to drive positive momentum for the company [2] Group 2: Stock Options - The Directors granted incentive stock options to purchase up to 15,700,000 common shares, representing 2.74% of the outstanding shares, with an exercise price of CA$0.05 per share, expiring March 17, 2035 [2] - 25% of the options will vest immediately, with the remaining options vesting at 25% every six months [2] - Breakdown of options granted: 41.1% to Directors, 30.3% to Officers, and 28.7% to Employees/Consultants [2] Group 3: Company Overview - VVC engages in the exploration, development, and management of natural resources, focusing on materials needed for high-tech industries, including manufacturing, technology, medicine, space travel, and the green economy [3] - The company's portfolio includes helium and industrial gas production in the western U.S., copper and associated metals operations in northern Mexico, and strategic investments in carbon sequestration and green energy technologies [3]