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].

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to future events. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "would," and "out ...

VANCOUVER, British Columbia, October 9, 2025 – TheNewswire - Gamma Resources Ltd. (TSX-V: GAMA; OTCPK: MLLOF; Frankfurt: MRDN) (“Gamma” or the “Company”) is pleased to announce the closing of the second and final tranche of its non-brokered private placement (the “Private Placement”) for gross proceeds of $668,940. Further to the Company’s news releases of August 25, September 5 and September 30, 2025, the company has raised aggregate gross proceeds of $1,320,000 in the offering.The Private Placement consis ...

Myriad Uranium Announces Approval of Plan of Operations Which Provides Clearance for 222 Boreholes at Copper MountainOctober 09, 2025 7:30 AM EDT | Source: Myriad Uranium Corp.Vancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that the Bureau of Land Management has approved a Plan of Operations for the Company's Copper Mountain Project Area. The Plan of Operations was submi ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Vancouver, British Columbia--(Newsfile Corp. - October 8, 2025) - Noble Plains Uranium Corp. (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) ("Noble Plains" or the "Company"), a U.S. focused uranium exploration and development company, is pleased to announce the appointment of Mr. Chris M. Healey, P.Geo., to its Board of Directors.Mr. Healey brings more than four decades of uranium exploration and development experience, including over 20 years with Cameco Corporation, one of the world's largest uranium producers. ...

Vancouver, British Columbia--(Newsfile Corp. - October 8, 2025) - GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or the "Company") is pleased to announce that, further to its news release dated October 6, 2025, shareholders of Tombador Iron Limited ("Tombador") have approved all shareholder resolutions required to complete the proposed reverse takeover of Tombador by GoviEx (the "Transaction").At a general meeting held on October 8, 2025, Tombador shareholders passed, by the requisite majorities, ...

High-rolling investors have positioned themselves bullish on Cameco (NYSE:CCJ), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CCJ often signals that someone has privileged information.Today, Benzinga's options scanner spotted 14 options trades for Cameco. This is not a typical pattern.The sentiment among these major tr ...

Key Takeaways Uranium Energy posted $66.84M in fiscal 2025 revenues, up sharply from $0.2M a year earlier.Revenue gains stem from resumed uranium sales after withholding inventory in the prior year.UEC held 1.36M lbs of uranium, valued at $96.6M as of fiscal 2025-end.Uranium Energy (UEC) recently reported fiscal 2025 revenues of $66.84 million, a sharp increase from $0.2 million in the prior fiscal year. However, this surge primarily reflects the company’s decision not to sell any of its purchased uranium i ...

Key Points Energy Fuels raised $700 million in convertible debt last week. The stock initially sold off on dilution fears. Now, Energy Fuels has the cash to fund operations for years, and its stock is bouncing back. 10 stocks we like better than Energy Fuels › Shares of Energy Fuels (NYSEMKT: UUUU), a miner of uranium for use as atomic fuel in nuclear power plants, bounced back from their Friday slump on Monday, gaining 2.3% -- then soared 7.8% more through 10:30 a.m. ET Tuesday. It seems invest ...