Mustang Energy Corp. Advances Strategic Option Agreements with Thunderbird Resources Ltd.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 16 2025
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Source: Yahoo Finance
Mustang Energy Corp. Partnership: Mustang Energy Corp. has finalized initial payments and share issuances to establish a strategic partnership with Thunderbird Resources Ltd., focusing on the Cluff Lake and Surprise Creek Projects, each aiming for an 80% interest in mineral tenements.
Financial Commitments and Future Plans: The agreements include cash payments and exploration expenditures over the next two years, with potential future share issuances based on market prices, while Thunderbird will retain a 2% royalty on any minerals produced from these projects.
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.
