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Highlights

  • Mustang Energy begins a nine-day surface prospecting program at the 914W uranium project in Saskatchewan.
  • Exploration activities will focus on rock and soil sampling to identify mineralized zones and alteration patterns.
  • Results from this phase will inform potential geophysical or drilling programs in future exploration stages.

Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FRA: 92T) is a Canadian resource exploration company focused on uranium and critical minerals. Its flagship asset is the 914W Project, where the company is currently earning an interest.

The company has announced the launch of its 2025 field exploration program at the 914W Project, located in a geologically prospective area south of the Athabasca Basin in northern Saskatchewan. The initiative marks a new phase in the company’s broader exploration strategy in a region known for its uranium potential.

The company is advancing the 914W Project under an option agreement with Skyharbour Resources Ltd., through which it may earn up to a 75% interest in the property. Terms of the agreement require Mustang to fulfill specific conditions over time, as previously outlined in a news release dated November 13, 2024.

The current program consists of nine days of surface prospecting and detailed rock and soil sampling. The objective is to detect signs of mineralization and alteration in select target zones. The information gathered will help guide future exploration plans, including potential geophysical surveys or drilling operations.

The 914W Project is located approximately 48 kilometers southwest of Cameco Corporation’s Key Lake Operation, with logistical access via Highway 914. The property lies within the Western Wollaston Domain, a region recognized for unconformity-related and pegmatite-hosted uranium mineralization. Local geology includes graphite-bearing assemblages, which are often considered favorable indicators in uranium exploration.

Nearby mineral occurrences include the Scurry Rainbow Zone E1 and the Don Lake Trenches, where previous exploration activities identified elevated uranium levels, including 1,288 parts per million (ppm) uranium in drill hole ML-11 and up to 0.64% U₃O₈ in surface trenching. Mustang emphasized that such results from neighboring sites are not indicative of mineralization within the 914W property and should not be interpreted as confirmation of its potential.