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The latest announcement is out from Glorious Creation Ltd. ( (TSE:MEC) ).
Mustang Energy Corp. has received exploration permits from the Government of Saskatchewan for the Dutton Uranium Project, allowing for ground-based exploration activities in the Athabasca Basin. The permits, valid until March 2028, enable the company to conduct mineral exploration activities such as trail construction, line-cutting, ground geophysical surveys, and diamond drilling. Mustang plans to engage with local communities and prioritize environmental stewardship as part of the project. The Dutton Project, spanning 7,633 hectares, is strategically located near known high-grade uranium deposits and has not been drill-tested, presenting significant exploration potential.
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 around the Athabasca Basin. Mustang’s flagship property, Ford Lake, covers 7,743 hectares in the prolific eastern Athabasca Basin, while its other projects include Cigar Lake East, Roughrider South, and the Spur Project.
YTD Price Performance: -8.93%
Average Trading Volume: 499,687
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$12.26M
For an in-depth examination of MEC stock, go to TipRanks’ Stock Analysis page.