Mustang Energy Corp. to Acquire Nucleus Uranium Ltd., Expanding Uranium Portfolio

Glorious Creation Ltd. ( (TSE:MEC) ) has shared an update.

Mustang Energy Corp. has announced a share exchange agreement to acquire Nucleus Uranium Ltd., a company based in British Columbia, which owns the Nucleus Saskatchewan project in the Athabasca Basin. This acquisition will make Nucleus a wholly-owned subsidiary of Mustang, enhancing Mustang’s portfolio in the uranium sector. The transaction involves issuing 9,000,000 common shares of Mustang to the sole shareholder of Nucleus, Golden Mile Resources Corp. The acquisition is expected to be completed by May 26, 2025, pending standard conditions and approvals.

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, holding 92,211 hectares in the Athabasca Basin, including projects like Ford Lake, Cigar Lake East, Roughrider South, Spur Project, Yellowstone Project, and Dutton Project.

YTD Price Performance: -5.45%

Average Trading Volume: 466,160

Technical Sentiment Signal: Buy

Current Market Cap: C$12.5M

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