Mustang Energy Corp. Enters Option Agreements with Thunderbird Resources Ltd.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2025
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Source: Globenewswire
Mustang Energy Corp. Acquires Mineral Interests: Mustang Energy Corp. has entered into two strategic option agreements with Thunderbird Resources Ltd. to acquire an 80% interest in mineral tenements in the Athabasca Basin, specifically the Cluff Lake and Surprise Creek Projects, as part of its expansion strategy in uranium exploration.
Exploration Plans and Financial Commitments: The agreements require Mustang to issue shares valued at CAD$200,000, make cash payments totaling CAD$120,000 over four years, and commit CAD$3 million towards exploration expenditures for each project, aiming to advance high-priority drill-ready assets in the region.
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.
