07:22 AM EDT, 09/29/2025 (MT Newswires) -- Mustang Energy ( MECPF ) , trading near 52 week lows, over the weekend said it is making final preparations for the drilling activities planned on the Surprise Creek Uranium-Copper Project.

The company said Friday that the drill program is expected to begin Sept. 28, 2025.

The drill program will be helicopter supported and be based out of Uranium City, Saskatchewan. The company has engaged Base Diamond Drilling as the contractor and up to 2,000 meters is planned in the Surprise Creek Fault area, which hosts high-grade uranium surface samples.

The company said that the purpose of the program will be to follow-up on historic drill intercepts, to better understand the mineralization-hosting structures, and to test zones with no previous drilling.

The company had entered into an option agreement with Thunderbird Resources to acquire an undivided 80% interest in the project.

"We are proud to launch Mustang Energy's ( MECPF ) first-ever drilling campaign beginning at the Surprise Creek Project," said Mustang Energy's ( MECPF ) Chief Executive Officer, Nicholas Luksha. "With high-grade uranium and copper mineralization confirmed by historic drilling and surface sampling, along with newly defined targets from recent geophysical surveys, Surprise Creek has all the hallmarks of a project capable of delivering meaningful value as we advance this inaugural program."