Mustang Vitality Corp. Shares 2024 Yr-Finish Recap and Milestone Achievements

Article content material

VANCOUVER, British Columbia, Jan. 03, 2025 (GLOBE NEWSWIRE) — Mustang Vitality Corp. (CSE: MEC, OTC: MECPF, FRA:92T) (the “Firm” or “Mustang”) is happy to share a abstract of its accomplishments because the graduation of buying and selling in mid-2024. The Firm has made important strides in its mission to develop high-potential uranium and significant mineral property within the Athabasca Basin, Saskatchewan, solidifying its place as a rising chief within the useful resource exploration sector.

Article content material

Article content material

Article content material

Key Highlights of 2024:

• Land Acquisitions: Expanded land holdings to a powerful 77,318 hectares, strategically situated in and across the Athabasca Basin, a notable uranium district.
• Capital Raised: Efficiently secured over $4.2 million in gross proceeds, offering a sturdy monetary basis for ongoing and upcoming 2025 operations.
• Exploration Developments: Launched Section One Work Plan to establish and develop high-priority drill targets throughout Mustang’s portfolio.
• Strategic Collaborations: Partnered with business leaders, together with Pink Cloud Securities Inc., Axiom Group, Dahrouge Geological Consulting Inc., and Skyharbour Assets Ltd.
• Key Additions to the Workforce:
  • Jordan Trimble, President and CEO of Skyharbour Assets, joined as a Strategic Advisor, bringing invaluable business experience.
  • Lynde Guillaume joined the workforce, additional strengthening Mustang’s management along with her important expertise and dynamic contributions.

Notable Venture Developments:

Mustang’s properties are strategically positioned close to recognized uranium property, together with:

Article content material

Article content material

• Ford Lake: 12 km from Cameco’s Key Lake Mill and 15 km southwest of the Millennium Deposit.
• Cigar Lake East & Roughrider South: 20 km east of the world-class Cigar Lake Mine, and 10 km south of the Roughrider Deposit.
• Yellowstone Property: Surrounding the Carswell Influence Construction, 16 km from the historic Cluff Lake Mine.
• Dutton Venture: Positioned roughly 20 km from Cameco’s Dufferin Lake and Centennial Deposits.

2024 Milestone Recap:

• Dec 27: Closed financing exceeding expectations, elevating $3.5 million.
• Dec 20: Expanded land portfolio with 17,929 hectares south of the Athabasca Basin.
• Dec 6: Achieved the primary milestone of an choice settlement with Skyharbour Assets Ltd., securing an choice to accumulate 75% of the 914W Uranium Venture.
• Nov 25: Introduced strategic financing of as much as $3 million and engaged Pink Cloud Securities Inc. for company advisory providers.
• Nov 13: Entered an choice settlement to accumulate Skyharbour’s 914W Uranium Venture and welcomed Jordan Trimble as Strategic Advisor.
• Oct 30: Initiated an airborne MobileMT survey on the Yellowstone Venture, concentrating on conductors at depths exceeding as much as 1,000 meters.
• Sept 27: Acquired 90% of Brown Lake, increasing Ford Lake holdings.
• Sept 16: Welcomed Lynde Guillaume to the workforce, marking a pivotal second in constructing Mustang’s management energy.
• June 7: Relaunched buying and selling on the Canadian Securities Alternate beneath the identify Mustang Vitality Corp.

Article content material

CEO’s Assertion

Nicholas Luksha, CEO of Mustang, expressed confidence within the Firm’s trajectory:
“2024 has been a transformative yr for Mustang. Now we have constructed a stable basis with strategic land acquisitions, modern exploration initiatives, and powerful monetary backing. Our partnerships with main business gamers place us to unlock the potential of our property. As we stay up for 2025, we anticipate being in an ideal place to succeed and ship outcomes to our esteemed shareholders. We stay dedicated to advancing our tasks with precision, function, and a transparent imaginative and prescient for progress.”

Adjoining Property Disclaimer:

This information launch consists of references with respect to recognized uranium occurrences at Cameco’s Key Lake Mine, the Millennium Deposit, the Cigar Lake Mine, Roughrider Deposit, the world surrounding the Carswell Influence Construction, Cluff Lake Mine, and Cameco’s Dufferin Lake and Centennial Deposits (collectively, the “Adjoining Properties”), that are situated close to the Firm’s varied properties. The Firm advises that, however their proximity of location, discoveries of minerals on the Adjoining Properties and any promising outcomes thereof aren’t essentially indicative of the mineralization of, or situated on the Firm’s properties, or the Firm’s potential to commercially exploit its properties, or to find any commercially exploitable deposits therefrom. The Firm cautions buyers on counting on this data because the Firm has not confirmed the accuracy or reliability of the knowledge.

Article content material

Qualifying Assertion

The scientific and technical data on this launch has been reviewed and authorized by Lynde Guillaume, P.Geo., Technical Advisor for Mustang, a registered member of the Skilled Engineers and Geoscientists of Saskatchewan. Ms. Guillaume is a Certified Individual as outlined by Nationwide Instrument 43-101.

About Mustang Vitality Corp.

Mustang is a useful resource exploration firm devoted to buying and growing uranium and significant mineral property within the Athabasca Basin, Saskatchewan. With 77,318 hectares of promising properties, Mustang goals to advance its flagship Ford Lake, Yellowstone, Cigar Lake East, Roughrider South, Dutton, and Spur tasks, whereas leveraging strategic partnerships to speed up exploration.

The Firm’s dedication to innovation, collaboration, and sustainable growth underscores its imaginative and prescient to grow to be a number one participant within the international vitality transition.

On behalf of the board of administrators
“Nicholas Luksha”
Nicolas Luksha
CEO and Director

For additional data, please contact:
Mustang Vitality Corp.
Consideration: Nicholas Luksha, CEO and Director
Telephone: (604) 838-0184

Article content material

Ahead-Trying Statements: This information launch consists of sure statements and data that will represent forward-looking data inside the which means of relevant Canadian securities legal guidelines. Ahead-looking statements relate to future occasions or future efficiency and replicate the expectations or beliefs of administration of the Firm relating to future occasions. Typically, forward-looking statements and data might be recognized by way of forward-looking terminology reminiscent of “intends”, “believes” or “anticipates”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “might”, “might”, “ought to”, “would” or “happen”. This data and these statements, referred to herein as “ahead‐wanting statements”, aren’t historic details, are made as of the date of this information launch and embody with out limitation, statements relating to discussions of future plans, estimates and forecasts and statements as to administration’s expectations and intentions with respect to, amongst different issues, the long run potential of the mineral claims held by the Firm and the completion of future work on its tasks. In making the forward-looking statements on this information launch, the Firm has utilized a number of materials assumptions, together with with out limitation the idea that the Firm will be capable of proceed exploring its properties given varied environmental and financial components exterior of its management. Though administration of the Firm has tried to establish necessary components that would trigger precise outcomes to vary materially from these contained in forward-looking statements or forward-looking data, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There might be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements and forward-looking data. Readers are cautioned that reliance on such data will not be applicable for different functions. The Firm doesn’t undertake to replace any forward-looking assertion, forward-looking data or monetary out-look which are integrated by reference herein, besides in accordance with relevant securities legal guidelines.

Neither the CSE nor the Market Regulator (as that time period is outlined within the insurance policies of the CSE) accepts duty for the adequacy or accuracy of this launch.

Article content material