Mustang Energy PLC is a Special Purpose Acquisition Company (SPAC), whose shares are listed on the Standard List of the Main Market of the London Stock Exchange, which intends to utilise its strong management experience and strategic relationship with Acacia Resources Limited, the Company's largest shareholder, to acquire interests in energy storage and stationary battery assets.

Investment Strategy

The Company's strategic relationship with Acacia Resources Limited (Acacia) was cemented on 12 March 2021 when Acacia subscribed to a placing in the Company and acquired additional shares from existing shareholders to become the Company's largest shareholder with 24.03%.

The two companies will seek:

* To invest together in manufacturing assets involved in the energy transition process with a relative focus on the energy storage/battery value chain; and
* To invest in the development of renewable energy projects where there is scope to include stationary energy storage.

Directors and Management

Alan Broome, Non-Executive Chairman of Mustang Energly plc

Alan John Broome, AM


Alan Broome is a metallurgist with over 40 years experience in mining and metals. A well-known figure in the Australian mining industry, Alan has extensive board experience, both as a director and chairman, of a number of listed and unlisted energy, mining and mining technology companies. Over the last 20 years, Alan has had in-depth experience in oil exploration and production, coal mining, equipment, services and research sectors, in the UK, Australia and abroad.

Alan is currently non-executive chairman of Strategic Minerals, a minerals production and development company incorporated and registered in England and Wales and listed on the AIM market of the London Stock Exchange and New Age Exploration Limited an Australian based globally diversified minerals and metals exploration and development company focused on gold projects and listed on the Australian Stock Exchange.

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Dean L Gallegos Manageing Director of Mustang Enaergy Plc

Dean Lloyd Gallegos


Dean Gallegos has significant experience in financial markets in both institutional/retail advisory and corporate advisory roles. This included being a founder and principal of an Australian based stockbroking and corporate advisory firm between 1995 and 2002. Since that time he has acted in an executive capacity in numerous mineral and energy focused public companies in Australia and Singapore. Since 2006, he has focused on energy-related projects, principally in the US (including Texas, Louisiana and Alaska) in both the onshore and offshore environments.

Dean specialises in the identification of projects and the funding of the development of those projects through equity, debt and mezzanine financing. He has in-depth experience from both an operational and financial perspective in respect to the requirements of the exploration, discovery and subsequent production of oil and gas projects.

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Peter Wale, Non-Executive Director of Mustang Energy plc

Peter Verdun Wale


Peter Wale brings a thorough understanding of financial markets and investment management with a career of diverse professional investing experience across developed and emerging markets with a smaller companies bias. He has worked for various American fund managers, including Fidelity Investments, and was a partner at an international hedge fund for 12 years.

Peter remains an investor, mainly in the resources sector, and has an extensive network of contacts. He is an executive director and significant shareholder of Strategic Minerals (AIM: SML) and a director of Cornwall Resources Limited, where he has been actively involved in the development of the companies' strategy and investor communications.

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Simon Holden, Non-Executive Director of Mustang Energy plc

Simon William Holden


Simon Holden is an experienced corporate finance and capital markets lawyer. He advises issuers in connection with initial public offerings and secondary fundraisings, start-ups and growth companies on alternative finance, and public and private companies in respect of domestic and cross border mergers and acquisitions.

Simon has an in-depth understanding of the UK quoted company sector, having advised on a significant number of AIM and Main Market transactions; acting for issuers, nominated advisers and brokers. He was called to the Bar of England & Wales (Lincoln's Inn) in 1999 and was subsequently admitted as a Solicitor in England & Wales in 2002. He currently serves as company secretary of Iofina plc (AIM: IOF), Primorus Investments plc (AIM: PRIM) and Synairgen plc (AIM: SNG).

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