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Mustang Energy Corp. Completes Sampling Program at Surprise Creek Project, Saskatchewan and Provides Update on the Acquisition of the Ford Lake Project - MUSTANG ENERGY CORP by Mustang Energy Corp. (OTC:MECPF)

Mustang Energy collected samples from nine locations at the Surprise Creek Project to refine drill targets and issued 1.5 million shares to complete the Ford Lake acquisition.

  • On August 22, 2025, Mustang Energy Corp. announced the conclusion of the initial stage of fieldwork at the Surprise Creek Uranium-Copper Project, situated northwest of Canada’s Athabasca Basin.
  • This exploration followed an option agreement with Thunderbird Resources Ltd. to acquire an 80% interest and was driven by prior geophysical surveys and historical mineralization reports in the area.
  • The field program included surface sampling at nine key locations showing uranium and copper mineralization, structural data collection at the Surprise Creek Fault, and aimed to refine drill targets based on existing radiometric and drilling data.
  • Historical drilling returned up to 2.1m of 4.37% U3O8 and surface sampling assays reached 7.98% U3O8, with copper grades up to 61.7% from rock chip sampling; incentive stock options totaling 5,500,000 were also granted to Company personnel.
  • Mustang expects exploration results to inform future drilling and continues to focus on responsible exploration in underexplored high-impact areas, while cautioning that forward-looking statements reflect management’s beliefs and may differ from actual results.
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The Record broke the news in Waterloo, Canada on Friday, August 22, 2025.
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