Mustang Energy Completes $20,000 Milestone Payment to Skyharbour Resources
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2025
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Source: Globenewswire
- Milestone Payment Completed: Mustang Energy has completed a $20,000 cash payment and issued 1,098,901 common shares under the option agreement with Skyharbour dated November 12, 2024, demonstrating the company's ongoing investment and commitment to the 914W Uranium Project.
- Shareholder Meeting Resolutions Passed: At the annual general meeting held on November 14, 2025, Mustang approved several resolutions, including setting the number of directors at three and electing new directors, thereby enhancing the company's governance structure.
- Arrangement Plan Approved: The British Columbia Supreme Court granted final approval for the arrangement plan involving Mustang and its wholly-owned subsidiary Allied on November 24, 2025, marking a significant advancement in the company's strategic restructuring efforts.
- Share Consolidation Proposal: The shareholder meeting also approved a proposal to consolidate up to 30 pre-consolidation common shares into one post-consolidation share, aimed at improving the market performance and attractiveness of the company's stock while optimizing its capital structure.
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Analyst Views on MEC
Wall Street analysts forecast MEC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MEC is 21.00 USD with a low forecast of 19.00 USD and a high forecast of 24.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 19.650
Low
19.00
Averages
21.00
High
24.00
Current: 19.650
Low
19.00
Averages
21.00
High
24.00
About MEC
Mayville Engineering Company, Inc. is a vertically integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture, military and other end markets. Its capabilities include metal fabrication, metal stamping, aluminum extrusion and fabrication, tube bending and forming, robotic part forming, robotic welding, resistance welding, five-axis tube and fiber laser cutting and custom coatings, including high heat and chemical agent-resistant coating painting, are used in a variety of applications. It serves its customers through 25 strategically located United States facilities, across seven states with over 3.2 million square feet of manufacturing capacity.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Mustang Energy Closes $180,000 Non-Brokered Private Placement
- Successful Financing: Mustang Energy Corp. has successfully closed a non-brokered private placement of 2 million flow-through units, raising a total of $180,000, which will be allocated towards exploration of uranium projects in the Athabasca Basin, enhancing the company's resource development capabilities in critical minerals.
- Flow-Through Unit Structure: Each flow-through unit consists of one common share and half a warrant, with the warrants allowing for the purchase of common shares at C$0.15 within two years, providing potential future value appreciation opportunities for investors.
- Finder's Fees Payment: The company paid finder’s fees of $12,600 to Red Cloud Securities and issued 140,000 warrants, which not only strengthens investor relations but also paves the way for future financing activities.
- Project Expansion: Mustang holds 77,318 hectares in the Athabasca Basin, with its flagship Ford Lake project covering 7,743 hectares, showcasing the company's strong potential in uranium and critical mineral asset development, which is expected to attract more investor interest.

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Mustang Energy Corp Raises C$180,000 for Resource Exploration
- Funding Size: Mustang Energy Corp announces a non-brokered private placement raising C$180,000 by selling 2 million flow-through units at C$0.09 each, demonstrating the company's ability to attract capital in the market.
- Clear Purpose: The proceeds will be allocated to resource exploration expenses, qualifying as “flow-through critical mineral mining expenditures” under Canadian tax law, which is expected to accelerate the company's development in critical minerals.
- Regulatory Approval: The closing of this offering is subject to necessary regulatory approvals from the Canadian Securities Exchange, anticipated by December 31, 2025, reflecting the company's commitment to compliance.
- Market Positioning: Mustang focuses on developing high-potential uranium and critical mineral assets, particularly in the Athabasca Basin of Saskatchewan, indicating a strategic positioning in the resource exploration sector.

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