Mustang Energy expands Spur Project in Saskatchewan to explore for uranium and critical minerals

From GlobeNewswire: 2025-04-07 21:24:00

Mustang Energy Corp. has expanded its Spur Project by acquiring a 100%-owned mineral claim covering 5,751 hectares in northern Saskatchewan. The new claim strengthens Mustang’s land position in a region prospective for uranium, rare earth elements, thorium, and base metal mineralization. The property is strategically located near Cameco’s Key Lake Mill and Forum Energy Metals’ Janice Lake Sediment-hosted Copper Project, showcasing promising exploration potential. Mustang aims to unlock the mineral potential of the Spur project with an upcoming exploration program.

The Spur Project is in the Wollaston Domain, south of the Athabasca Basin, known for high-grade uranium deposits. The geological setting is favorable for basement-hosted uranium and pegmatite-related mineralization, including rare earth elements and thorium. The area is also known for Rössing-type systems and sediment-hosted copper mineralization in the Janice Lake region. Mustang’s strategic expansion aligns with its goal of building a diversified portfolio of uranium and critical mineral assets in stable jurisdictions.

Mustang Energy Corp. is actively exploring high-potential uranium and critical mineral assets in Northern Saskatchewan, Canada. The company holds properties in various regions of the Athabasca Basin, focusing on developing its flagship projects such as Ford Lake, Cigar Lake East, and Roughrider South. With a commitment to responsible exploration and sustainable operations, Mustang is well-positioned to contribute to the evolving energy landscape.



Read more at GlobeNewswire: Mustang Energy Expands Spur Project South of the Athabasca