Mustang Energy Corp. (MEC) Financings
CSE: MEC · Uranium · Exploration stage
- Market cap$1.4M
- Share price$0.015
- 52-week range$0.010 – $0.140
- Shares outstanding96,478,166
- ExchangeCSE
- Properties17
- Websitewww.mustangenergy.ca
Mustang Energy Corp. is a mineral exploration and development company focused on uranium mineral projects. The Company intends to conduct exploration for uranium on its properties located in the Eastern Athabasca Basin of Saskatchewan, Canada and, in particular, the Ford Lake Property.
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Mustang Energy Corp. financial statements
Key figures read from 27 of 28 financial statement filings, May 3, 2018 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$536,906 | C$3,368,699 | C$1,598,575 | C$648,401 | C$291,284 |
| Total current assets | C$2,333,925* | C$3,712,968* | — | — | — |
| Total current liabilities | C$2,118,281 | C$643,262 | C$31,584 | C$29,534 | C$29,052 |
| Working capital | C$215,644 | C$3,069,706 | — | — | — |
| Exploration and evaluation assets | C$10,696,729 | C$6,498,554 | — | — | — |
| Total assets | C$13,030,654 | C$10,211,522 | C$1,616,250 | C$795,594 | C$291,284 |
| Shareholders' equity | C$10,912,373 | C$9,568,260 | C$1,584,666 | C$766,060 | C$262,232 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$710,425 | C$250,516 | C$325,572 | C$83,845 | C$80,714 |
| Share-based compensation | C$634,576 | C$586,429 | — | — | C$0 |
| Net income (loss) | (C$4,879,459) | (C$2,190,288) | (C$818,606) | (C$532,331) | (C$220,560) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,963,994) | (C$1,839,902) | C$831,251 | (C$562,021) | (C$217,945) |
| Investing cash flow | (C$3,244,528) | (C$525,026) | C$118,923 | (C$117,021) | — |
| Financing cash flow | C$4,626,729 | C$4,135,052 | C$0 | C$1,036,159 | C$0 |
| Exploration spending (capitalized) | (C$3,092,763) | (C$525,026) | — | — | — |
| Proceeds from share issues | C$3,584,136 | C$3,552,950 | C$0 | C$1,036,159 | — |
| Change in cash | (C$1,581,793) | C$1,770,124 | C$950,174 | C$357,117 | (C$217,945) |
| Cash at end of period | C$1,786,906 | C$3,368,699 | C$1,598,575 | C$648,401 | C$291,284 |
Mustang Energy Corp. financings
1 financing announced or closed by Mustang Energy Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-12-19 | Mustang Energy Corp. (MEC) | Flow-through, non-brokered | Closed, 1 tranche | $180K | $0.090 | Mustang Energy Corp. Announces Non-Brokered Flow-Through Private Placement |
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