Mustang Minerals Limited
MMX.V
Toronto Stock Exchange Ventures0.06
CAD
+0.01
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Mustang Minerals Limited
MMX.V
(Toronto Stock Exchange Ventures)
Recent
price
0.06
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Mustang Minerals Limited is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of copper-gold porphyry and high-sulphidation gold projects in Nevada, USA, focusing on early-stage discovery opportunities through geophysical surveys, geological mapping, sampling and planned drill programs. Founded in 2018 and headquartered in Vancouver, British Columbia, the company operates through a portfolio of optioned exploration properties in Nevada, including the Pilot, Rough and Ready, and Confusion Hills projects, and markets its securities on the TSX Venture Exchange under the symbol MMX and on the OTCQB as MMXLF. Mustang’s core activities center on advancing these properties toward drill targeting and initial drilling, while it also periodically evaluates and rationalizes its project portfolio. In 2026, the company completed the sale of its El Cobre copper-gold porphyry project in Mexico for cash consideration of US$1.5 million, marking a significant portfolio divestiture and strategic shift toward its Nevada assets. Earlier in 2026, Mustang changed its name from Azucar Minerals Ltd. to Mustang Minerals Limited and rebranded its trading symbols, following approval of the name change and related corporate actions. In late 2025 and 2026, Mustang obtained TSXV approval for an option to acquire a 60% interest in three Nevada copper and gold exploration properties, commenced exploration and logistical work on those projects, expanded a large induced-polarization geophysical anomaly at the Pilot project, and mobilized geophysical crews at Confusion Hills to support first-pass drilling plans. Mustang is led by a small exploration team and focuses on Western U.S. copper-gold and gold targets, with its corporate history tied to the 2018 plan of arrangement that created the company from Almadex Minerals Limited.