Mustang Energy Raises $180,000 in Flow-Through Private Placement for Athabasca Uranium Exploration

The latest announcement is out from Glorious Creation Ltd. ( (TSE:MEC) ).

Mustang Energy Corp. has closed a non-brokered private placement of 2,000,000 flow-through units at $0.09 per unit, raising gross proceeds of $180,000 to fund exploration of its uranium projects in Saskatchewan’s Athabasca Basin. Each unit comprises one flow-through common share and half a warrant, with whole warrants exercisable at $0.15 for two years, and the company intends to apply the gross proceeds to eligible Canadian exploration expenses and flow-through critical mineral mining expenditures, while paying a cash finder’s fee and issuing finder’s warrants, with all new securities subject to a hold period until May 1, 2026.

More about Glorious Creation Ltd.

Mustang Energy Corp. is a Canadian resource exploration company focused on acquiring and developing high-potential uranium and critical mineral assets in Northern Saskatchewan’s Athabasca Basin. The company holds 77,318 hectares of exploration ground, including its flagship Ford Lake property in the eastern Athabasca Basin, as well as the Cigar Lake East, Roughrider South, Spur, Yellowstone and Dutton projects, positioning it within one of the world’s most prolific uranium districts.

Average Trading Volume: 131,022

Technical Sentiment Signal: Sell

Current Market Cap: C$7.09M

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