Mustang Energy Expands Land Portfolio: A Strategic Move in the Athabasca Basin

Mustang Energy Corp. (CSE: MEC) has made a significant strategic move by acquiring 17,929 hectares of prospective land across the Southern and Western Athabasca Basin in Saskatchewan. This acquisition, achieved through a combination of low-cost staking and strategic purchase agreements, is a testament to Mustang Energy's commitment to expanding its portfolio of high-quality uranium assets within the Athabasca Basin, renowned for its uranium production.

The newly acquired properties include the Yellowstone Project (21,820 hectares), the Dutton Project (9,666 hectares), and three additional claims (14,098 hectares) which are currently unnamed. With these acquisitions, Mustang's total land holdings in the Athabasca Basin have increased from 10,644 hectares to an impressive 56,229 hectares. This expansion marks a major milestone for Mustang Energy as it continues to strengthen its asset base in the world's premier uranium-producing region.

The Yellowstone Project, a 100% owned property by Mustang Energy, consists of seven adjoining claims totaling 21,820 hectares. The property is located approximately 16 kilometers from the Cluff Lake Mine, which has produced over 62 million pounds of uranium, and is adjacent to Fission Uranium's West Cluff Project. Surrounding the Carswell Impact Structure, an 18-kilometer-wide feature believed to have been created by a meteorite impact, the Yellowstone Project offers excellent exploration potential.



Mustang Energy's acquisition of the Yellowstone Project was completed in exchange for the issuance of 12,000,000 common shares in the capital of Mustang to three nominees of the Vendors at a deemed price per Share of $0.255. The claims comprising the Yellowstone Project are currently held in trust for Mustang by the Vendors, pending confirmation of transfer from Mineral Administration Registry Saskatchewan.

In addition to the Yellowstone Project, Mustang Energy has also acquired a 90% interest in the Brown Lake Project pursuant to the terms of a mineral property acquisition agreement with Standard Uranium (Saskatchewan) Ltd. Mustang issued 60,000 Shares at a deemed price per Share of $0.33 to Standard Uranium Ltd., Standard Uranium SK's parent company, as consideration for the acquisition. Standard Uranium SK will hold a 10% carried interest in the Project, while Mustang will be solely responsible for funding all expenses and obligations associated with maintaining, exploring, and developing the Project.



This strategic land acquisition brings significant value to Mustang Energy's long-term growth plans. The Athabasca Basin is renowned for its uranium production, and Mustang's strategic purchases, including the Yellowstone Project and the Dutton Project, strengthen its asset base in this premier uranium-producing region. By securing adjoining claims to its existing land package, Mustang enhances its exploration potential and long-term value for shareholders.

Mustang Energy's commitment to responsible exploration and environmental sustainability is evident in this acquisition. The company has consistently demonstrated a focus on uranium-rich areas with excellent exploration potential, while also prioritizing environmentally and socially sustainable operations. By expanding its land portfolio in the Athabasca Basin, Mustang Energy is positioning itself to contribute positively to the communities in which it operates, while also supporting the global transition toward low-carbon energy solutions.

As global energy markets transition toward low-carbon solutions, nuclear energy and the uranium that fuels it will continue to play an important role in the sustainable energy landscape. Mustang Energy's strategic acquisitions and commitment to responsible exploration position the company well for future growth and success in the uranium sector.