07:06 AM EST, 01/06/2025 (MT Newswires) -- Mustang Energy's ( MECPF ) Chief Executive Nicholas Luksha said over the weekend that the company expects to be in a "great position to succeed and deliver results" to shareholders in 2025.

The company said it made significant strides in its mission to develop high-potential uranium and critical mineral assets in the Athabasca Basin, Saskatchewan, since the commencement of trading in mid-2024. MEC had relaunched trading on the Canadian Securities Exchange under the name Mustang Energy Corp. ( MECPF )

"2024 has been a transformative year for Mustang. We have built a solid foundation with strategic land acquisitions, innovative exploration initiatives, and strong financial backing. Our partnerships with leading industry players position us to unlock the potential of our assets," said Luksha. "We remain committed to advancing our projects with precision, purpose, and a clear vision for growth," the CEO continued.

The resource exploration company also highlighted that in 2024, it expanded land holdings to 77,318 hectares, strategically located in and around the Athabasca Basin, a uranium district; raised over $4.2 million in gross proceeds; launched 'Phase One Work Plan' to identify and develop high-priority drill targets across Mustang's portfolio; and partnered with industry leaders like Red Cloud Securities, Axiom Group, Dahrouge Geological Consulting, and Skyharbour Resources.

Shares of the company closed up $0.005 or 2%, to $0.28 on Friday on the Canadian Securities Exchange.