Mustang Energy Corp. has recently expanded its land holdings in the Athabasca Basin, Saskatchewan. The company acquired 45,585 hectares of land through a combination of staking and strategic purchase agreements. This expansion includes the Yellowstone Project, Dutton Project, and three additional claims, totaling 56,229 hectares.
The CEO of Mustang Energy, Nick Luksha, expressed excitement about these acquisitions, stating that they mark a significant milestone for the company. The new claims are in uranium-rich areas with excellent exploration potential, which is expected to enhance long-term value for shareholders.
In addition to the land acquisitions, Mustang also acquired a 90% interest in the Brown Lake Project through a mineral property acquisition agreement with Standard Uranium (Saskatchewan) Ltd. This agreement allows Mustang to solely fund all expenses associated with the project, while Standard Uranium SK holds a 10% carried interest.
The Yellowstone Project, now 100% owned by Mustang Energy, is located near the Cluff Lake Mine and Fission Uranium’s West Cluff Project. The Dutton Project, situated near the Cable Bay Shear Zone, offers potential for uranium discoveries. These acquisitions demonstrate Mustang’s commitment to expanding its portfolio of high-quality uranium assets in the Athabasca Basin.
As global energy markets shift towards low-carbon solutions, nuclear energy and uranium are expected to play a significant role. Mustang remains dedicated to responsible exploration practices and sustainable operations, contributing positively to the communities in which it operates.
For more information about Mustang Energy Corp. and their recent acquisitions, interested parties can contact the company directly. The company is focused on acquiring and developing high-potential uranium and critical mineral assets, with a strong presence in the Athabasca Basin of Saskatchewan, Canada. Mustang’s commitment to responsible exploration and sustainable operations positions them as a key player in the uranium industry.
