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Glorious Creation Ltd. ( (TSE:MEC) ) has shared an announcement.
Mustang Energy Corp. has completed the acquisition of Nucleus Uranium Ltd., making it a wholly-owned subsidiary. This acquisition includes the Nucleus Saskatchewan project, which covers six mineral claims in the Athabasca Basin. The deal involved a share exchange agreement with Golden Mile Resources Corp., the former sole shareholder of Nucleus. This strategic move enhances Mustang’s portfolio in the uranium sector, potentially strengthening its position in the market and expanding its exploration footprint in a region known for high-grade uranium deposits.
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 properties in Northern Saskatchewan, Canada, with a significant presence in the Athabasca Basin through projects like Ford Lake, Cigar Lake East, Roughrider South, Spur, Yellowstone, and Dutton.
Average Trading Volume: 432,911
Technical Sentiment Signal: Sell
Current Market Cap: C$12.02M
See more data about MEC stock on TipRanks’ Stock Analysis page.