06:20 AM EDT, 05/26/2025 (MT Newswires) -- Mustang Energy ( MECPF ) late on Friday said it began its 2025 field exploration program at the 914W project in the Athabasca Basin, Saskatchewan.

The field program will involve surface prospecting activities aimed at identifying zones of mineralization across target areas. Mustang said it sees potential for advancing uranium and rare earth element exploration on the property.

"The project area has shown encouraging geological features, and our upcoming work is designed to generate meaningful results that will guide the next phases of exploration," said Mustang CEO Nick Luksha.

The company acquired an interest in the project under an option agreement with Skyharbour Resources ( SYHBF ), in which the company may buy a 75% stake if it satisfies certain conditions.