Mustang Energy Corp. Announces Acquisition of Nucleus Uranium Ltd.

Vancouver, British Columbia, May 5, 2025 — Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FWB: 92T), a company listed on the Canadian National Stock Exchange, has announced its strategic move to acquire Nucleus Uranium Ltd., a British Columbia-based uranium company. This acquisition is part of Mustang’s expansion strategy in the uranium sector, which is experiencing a resurgence.

The agreement, a share exchange deal, was finalized on May 5, 2025. Mustang Energy Corp., also known as Mustang, is capitalizing on the strengthening uranium market to enhance its portfolio and market position. The acquisition is expected to bolster Mustang’s asset base and operational capabilities in the uranium industry.

Financial Overview of Mustang Energy Corp.

As of May 4, 2025, Mustang Energy Corp. had a close price of CAD 0.25 per share. The company’s market capitalization stands at CAD 15,150,000. Over the past year, the stock has seen fluctuations, with a 52-week high of CAD 0.5 on June 9, 2024, and a 52-week low of CAD 0.15 on July 23, 2024. The price-to-earnings ratio is currently at -4.77, reflecting the company’s financial performance and market conditions.

Market Implications

The acquisition of Nucleus Uranium Ltd. is seen as a positive development for Mustang Energy Corp., aligning with the broader market trends favoring uranium. Analysts suggest that this move could enhance Mustang’s competitive edge and potentially lead to improved financial performance in the future.

For further details on the acquisition and its implications, stakeholders are encouraged to review the official announcements and financial statements of Mustang Energy Corp.