Mustang Energy: A New Dawn in Athabasca Basin Exploration

Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FRA: 92T) has taken a significant step towards responsible and sustainable mineral exploration with the signing of an Accommodation Agreement with the English River First Nation (ERFN). The Agreement, signed on January 13, 2025, outlines a framework for collaborative exploration activities within ERFN's traditional territory, ensuring that all exploration activities respect the social, cultural, and environmental values of the Nation. This partnership marks a new dawn for Mustang Energy, as it aligns its exploration practices with the principles of sustainable development and respect for the rights and interests of ERFN.

The Agreement, which covers exploration activities within the traditional territory of ERFN, lays the foundation for a collaborative relationship between Mustang Energy and the local community. Key elements of the agreement include collaboration on exploration activities, environmental and cultural oversight, employment and training opportunities, and economic benefits for ERFN. By integrating the values and insights of ERFN into its exploration activities, Mustang Energy aims to create shared benefits and foster a strong, enduring relationship built on trust and mutual respect.

Mustang Energy CEO, Nick Luksha, stated, "We are honored to partner with the English River First Nation and to work collaboratively on a framework that prioritizes environmental stewardship, cultural respect, and community empowerment. This agreement underscores Mustang's unwavering commitment to responsible resource exploration and sustainable development. By integrating the values and insights of ERFN into our exploration activities, we aim to create shared benefits and foster a strong, enduring relationship built on trust and mutual respect."

The Agreement acknowledges ERFN's constitutionally protected Aboriginal and Treaty Rights, with Mustang committed to conducting exploration activities in a manner that is culturally sensitive and environmentally responsible. This commitment to responsible exploration is evident in Mustang Energy's portfolio of high-potential uranium and critical mineral assets in the Athabasca Basin of Saskatchewan, Canada. Mustang's flagship project, the Ford Lake Project, covers 7,743 hectares in the uranium-rich Eastern Athabasca Basin, near the Mudjatik and Wollaston Domains. This area is proven to host significant uranium deposits, with Cameco's Key Lake Operation located just 15 km southeast of Ford Lake, as well as Denison Mines Corp.'s Gryphon and Phoenix deposits and the Millennium deposit all located within 20-30 km of the Property.

Mustang Energy's commitment to responsible exploration is further demonstrated by its recent expansion in the Athabasca Basin, with the acquisition of 45,897 hectares of prospective land across the Southern and Western Athabasca Basin in Northern Saskatchewan. This expansion significantly enhances Mustang's exploration footprint and provides the company with a strategic advantage in the region. Mustang has also established its footprint in the Cluff Lake region of the Athabasca Basin with the Yellowstone Project (21,820 hectares), further expanding its presence in the area.

The signing of the Accommodation Agreement with ERFN is a testament to Mustang Energy's commitment to building strong, mutually beneficial partnerships with local communities. By integrating environmental and social considerations into its exploration practices, Mustang Energy is not only fostering a more sustainable and responsible approach to mineral exploration but also creating a more stable and supportive operating environment for its exploration activities in the region.



In conclusion, Mustang Energy's partnership with the English River First Nation marks a new dawn in Athabasca Basin exploration. By committing to responsible and sustainable mineral exploration, Mustang Energy is not only fostering a more collaborative and inclusive approach to resource development but also creating a more stable and supportive operating environment for its exploration activities in the region. With a strong portfolio of high-potential uranium and critical mineral assets and a commitment to responsible exploration, Mustang Energy is well-positioned to unlock the full potential of its projects in the Athabasca Basin.