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Glorious Creation Ltd. ( (TSE:MEC) ) has provided an announcement.
Mustang Energy Corp. has successfully closed the first tranche of its $3,000,000 non-brokered private placement, raising C$1,172,292.99. This capital will be used to advance exploration of its uranium projects in the Athabasca Basin, Saskatchewan, and for general working capital. The funds raised will support Mustang’s phase one work plan, aiming to prove up prospective drill targets, thereby potentially enhancing its market position in the resource exploration sector.
More about Glorious Creation Ltd.
Mustang Energy Corp. is a resource exploration company focused on acquiring and developing high-potential uranium and critical mineral assets. The company is actively exploring its properties in Northern Saskatchewan, Canada, and holds 77,318 hectares in the Athabasca Basin. Mustang’s flagship property, Ford Lake, covers 7,743 hectares in the prolific eastern Athabasca Basin, while its Cigar Lake East and Roughrider South projects span 3,442 hectares to the north and the Spur Project to the south covering 17,929 hectares. Mustang has also established its footprint in the Cluff Lake region of the Athabasca Basin with the Yellowstone Project (21,820 hectares).
Average Trading Volume: 297,030
Technical Sentiment Signal: Sell
Current Market Cap: C$14.07M
Learn more about MEC stock on TipRanks’ Stock Analysis page.