VANCOUVER, British Columbia, Feb. 06, 2026 (GLOBE NEWSWIRE) — Mustang Power Corp. (“Mustang” or the “Firm”) (CSE: MEC, OTC: MECPF, FRA: 92T) is happy to offer a complete recap of its key company, exploration, and financing achievements all through 2025, underscoring the Firm’s continued development as a uranium and significant mineral exploration firm in Canada.
Exploration Development and Area Applications
Mustang executed an energetic and disciplined exploration program throughout a number of core undertaking areas throughout 2025:
Shock Creek Uranium-Copper Venture (Saskatchewan)
The Firm initiated its maiden diamond drilling marketing campaign concentrating on precedence geophysical and structural targets alongside the Shock Creek Fault and the Bob Lake Copper displaying. This marked a significant operational milestone and represented the primary drill testing of high-priority zones recognized by earlier geophysical surveys and geological interpretation.
Cluff Lake Space Properties (Saskatchewan)
Following the acquisition of the Cluff Lake space properties, the Firm accomplished a area prospecting and reconnaissance program designed to guage precedence goal areas and refine the geological understanding of the undertaking. This system included mapping, sampling, and goal verification work, establishing a basis for future, extra superior exploration actions.
Regional Fieldwork
Floor-based exploration packages have been carried out throughout Mustang’s broader undertaking portfolio, together with geological mapping, prospecting, sampling, and geophysical surveys. These packages refined drill concentrating on and enhanced the Firm’s understanding of structural controls and alteration methods related to uranium and significant mineral mineralization.
914W Uranium Venture (Saskatchewan)
Mustang secured key exploration permits from the Authorities of Saskatchewan, authorizing expanded floor exploration and drilling actions. This allowing milestone positions the undertaking for extra superior work packages transferring ahead.
Portfolio Enlargement and Strategic Property Acquisitions
Throughout 2025, Mustang strengthened and expanded its undertaking portfolio by strategic acquisitions and staking initiatives:
- The Firm acquired the Shock Creek Uranium-Copper Venture in Saskatchewan, securing a potential asset inside a structurally favorable hall and advancing it to the drill stage in the course of the 12 months.
- Mustang additionally acquired the Cluff Lake space properties, growing its presence within the western Athabasca Basin close to traditionally important uranium-producing districts and enhancing its publicity to underexplored, high-potential floor.
- The Firm staked the Onyx Uranium Venture and the Bridal Veil Copper-Silver Venture in Newfoundland and Labrador, broadening its publicity to potential uranium and significant mineral terrains.
- The Firm accomplished the acquisitions of the Nucleus Property and the Yellowstone Property, additional increasing its pipeline of potential uranium exploration property and reinforcing its technique of consolidating floor in favorable geological settings.
- In collaboration with Skyharbour Assets Ltd., Mustang staked a further declare on the 914W Uranium Venture, growing the undertaking’s footprint inside a extremely potential uranium district.
These additions replicate Mustang’s technique of consolidating potential floor in established uranium jurisdictions whereas constructing a diversified pipeline of discovery alternatives.
Strategic Financing and Capital Raised
All through 2025, Mustang efficiently accomplished a number of financing initiatives to help exploration and company growth. The Firm raised mixture gross proceeds of roughly $3.58 million by a collection of non-brokered personal placements accomplished in the course of the 12 months. Proceeds have been directed towards exploration expenditures, undertaking development, and normal working capital.
Investor Engagement and Market Presence
Mustang continued to construct market consciousness by proactive investor communications, media options, and participation in trade boards. These initiatives supported elevated visibility of the Firm’s exploration technique and long-term development targets.
Outlook for 2026
As Mustang enters 2026, the Firm plans to advance its high-priority properties and exploration targets by further area work, together with expanded drilling packages. The Firm anticipates that work will deal with follow-up drilling at key goal areas, additional geophysical surveys, geological modeling, and continued goal era throughout the portfolio.
Consulting Agreements
The Firm can be happy to announce that, on February 4, 2026, it entered into separate consulting agreements (the “Consulting Agreements”) with three arm’s-length events. Every Consulting Settlement will stay in impact till terminated by both get together in accordance with its phrases. Beneath the Consulting Agreements, the consultants will present company advisory companies, together with market analysis, strategic recommendation relating to potential mergers and acquisitions, and help with normal enterprise growth. As consideration for the Consulting Agreements, the Firm issued an mixture of 4,000,000 restricted share items (the “RSUs”) of the Firm to the consultants, which vested instantly. Upon vesting, every RSU is redeemable for one frequent share within the Capital of the Firm.
Qualifying Assertion
The scientific and technical info on this information launch has been reviewed and authorized by Troy Marfleet, P.Geo., Technical Advisor for Mustang Power, a registered member of the Skilled Engineers and Geoscientists of Saskatchewan. Mr. Marfleet is a Certified Particular person as outlined by Nationwide Instrument 43-101.
About Mustang Power Corp.
Mustang Power Corp. is a Canadian mineral exploration firm centered on the invention and growth of high-impact uranium and significant mineral property. With a strategic portfolio of properties in Saskatchewan’s Athabasca Basin and rising initiatives in Newfoundland and Labrador, Mustang is positioned to capitalize on rising world demand for nuclear gas and important minerals essential to the vitality transition.
On behalf of the board of administrators
“Nicholas Luksha”
Nicolas Luksha
CEO and Director
For additional info, please contact:
Mustang Power Corp.
Consideration: Nicholas Luksha, CEO and Director
Cellphone: (604) 838-0184
Ahead-Trying Statements: This information launch contains sure statements and knowledge which will represent forward-looking info inside the which means of relevant Canadian securities legal guidelines. Ahead-looking statements relate to future occasions or future efficiency and replicate the expectations or beliefs of administration of the Firm relating to future occasions. Usually, forward-looking statements and knowledge might be recognized by means of forward-looking terminology corresponding to “intends”, “believes” or “anticipates”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “might”, “may”, “ought to”, “would” or “happen”. This info and these statements, referred to herein as “ahead‐wanting statements”, aren’t historic information, are made as of the date of this information launch and embody with out limitation, statements relating to discussions of future plans, estimates and forecasts and statements as to administration’s expectations and intentions with respect to, amongst different issues, the long run potential of the mineral claims held by the Firm and the completion of future work on its initiatives. In making the forward-looking statements on this information launch, the Firm has utilized a number of materials assumptions, together with with out limitation the idea that the Firm will be capable of proceed exploring its properties given varied environmental and financial components outdoors of its management. Though administration of the Firm has tried to establish necessary components that would trigger precise outcomes to vary materially from these contained in forward-looking statements or forward-looking info, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There might be no assurance that such statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements and forward-looking info. Readers are cautioned that reliance on such info will not be acceptable for different functions. The Firm doesn’t undertake to replace any forward-looking assertion, forward-looking info or monetary out-look which can be integrated by reference herein, besides in accordance with relevant securities legal guidelines.
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