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Mustang Energy Advances Uranium Project and Announces Corporate Resolutions

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Mustang Energy Advances Uranium Project and Announces Corporate Resolutions

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Glorious Creation Ltd. ( (TSE:MEC) ) has shared an update.

Mustang Energy Corp. has advanced its option agreement with Skyharbour Resources Ltd. for the 914W Uranium Project by completing the second tranche of milestone payments, which included cash, common shares, and exploration expenditures. Additionally, Mustang announced the approval of several resolutions at its recent annual meeting, including a plan of arrangement with its subsidiary, Allied Strategic Resource Corp., which received final court approval. The arrangement’s completion is pending customary closing conditions and exchange approval for Allied’s listing.

More about Glorious Creation Ltd.

Mustang Energy Corp. is a Canadian mineral exploration company focused on discovering and developing high-potential uranium and critical mineral assets. The company holds a portfolio of properties in Saskatchewan’s Athabasca Basin, a premier uranium district, and is committed to responsible exploration and targeting underexplored areas.

Average Trading Volume: 129,479

Technical Sentiment Signal: Sell

Current Market Cap: C$7.43M

See more data about MEC stock on TipRanks’ Stock Analysis page.

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