VANCOUVER, British Columbia, March 12, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. ( CSE: MEC, OTC: MECPF, FRA:92T ) (the “ Company ” or “ Mustang ”) is pleased to provide a comprehensive overview of its significant milestones and achievements throughout 2025, underscoring the Company's commitment to responsible exploration and sustainable development in the uranium and critical minerals sector. Strategic Financing Initiatives In February 2025, Mustang successfully closed a non-brokered private placement, raising gross proceeds of $1,255,000.

The proceeds are intended for general corporate and administrative expenses, investor relations and communications, and general working capital, which may include further exploration expenditures. As of March 7th, 2025 Mustang has over $4,000,000 cash on hand, and zero debt. Advancements in Exploration Activities In February 2025, Mustang engaged Axiom Exploration Group to conduct an Aerial Electromagnetic Survey (XciteTM TDEM) over its Dutton Project in the southern Athabasca Basin, Saskatchewan.

The survey targeted the eastern portion of the claim package, which had not been previously surveyed for electromagnetic conductors. Utilizing advanced helicopter-borne time-domain electromagnetic systems, the survey aimed to precisely locate EM anomalies and aid in structural interpretations for future drill targeting. Advancements in Exploration Permits In January 2025, Mustang received exploration permits from the Government of Sas.