Mustang reports loss

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Mustang Geothermal Corp. of Reno said last week it lost $165,053 in the final quarter of 2010, which compares with a loss of $85,482 in the comparable quarter a year earlier.

The publicly held company has yet to generate any revenues.

Formerly known as Urex Energy Corp., the company shifted its focus from exploration for uranium to leases of geothermal properties.

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