Pegasus Resources Inc Stock Price, News & Analysis

Pegasus Resources (OTC:SLTFF) and Urano Energy entered a binding letter agreement dated December 1, 2025 for a proposed business combination whereby Urano will acquire all Pegasus shares.

The deal consolidates Urano's I-70 project with Pegasus’ Energy Sands and Jupiter projects (approx. 3,900 acres) that include historic uranium and vanadium results and authorized drill permits. Exchange terms: 0.7 Urano Units per Pegasus share; post-closing ownership ~86.75% Urano shareholders / 13.25% Pegasus shareholders. Urano Warrants: $0.15 exercise for 18 months. Closing remains subject to definitive agreements, approvals and due diligence.

Pegasus Resources (TSXV:PEGA; OTCID:SLTFF; FSE:OQS2) announced on October 29, 2025 that Noah Komavli resigned from the board of directors effective immediately. Following the resignation, the board will consist of three directors. The company thanked Mr. Komavli for his contributions and service to Pegasus.

Pegasus Resources (OTCID:SLTFF) has successfully closed a non-brokered private placement, raising $250,080 through the issuance of 4,168,000 units at $0.06 per unit. Each unit includes one common share and half of a transferable warrant, with each full warrant exercisable at $0.08 until August 21, 2027.

Company insiders, including Noah Komavli, Christian Timmins, and Point A Pierre Capital Ltd., participated in the offering, acquiring 893,000 units for $53,580. The proceeds will be used for general working capital purposes. Securities issued will be subject to a hold period until December 22, 2025.

Pegasus Resources (OTC:SLTFF) has withdrawn its application for a shares-for-debt settlement that would have converted approximately $140,000 of outstanding debt into common shares. The withdrawal comes after the TSX Venture Exchange denied approval for the proposed settlement structure, despite the debt being legitimate.

The company had initially announced this debt settlement plan on June 11, 2025, but following discussions with the Exchange, which cited a consistent policy position regarding similar transactions, Pegasus will now need to address the outstanding debt through conventional means.

Pegasus Resources (SLTFF) has announced a shares for debt settlement agreement to resolve $140,232.29 in outstanding debt through the issuance of 1,598,682 common shares at $0.087717 per share. The strategic move aims to preserve cash resources as the company advances its uranium exploration initiatives and improves its balance sheet. The transaction requires TSX Venture Exchange approval, and the issued shares will be subject to a four-month and one-day statutory hold period in accordance with securities laws and TSXV policies.

Pegasus Resources Inc. (SLTFF) has successfully completed the disposition of its Icefield Property in British Columbia to Ashley Gold Corp. As part of the agreement, Pegasus received 6,000,000 common shares of Ashley Gold on April 22, 2025, with an additional 2,000,000 shares to be issued within 60 days of Ashley receiving drill permits. Pegasus director Noah Komavli has been appointed to Ashley's Board of Directors. Additionally, Pegasus has granted 725,000 stock options to directors, officers, and consultants, exercisable for three years at $0.08 per share.

Pegasus Resources (TSXV:PEGA, OTC:SLTFF) has received conditional TSXV approval for selling its non-core Icefield Property in British Columbia to Ashley Gold Corp. The transaction involves 8 million Ashley common shares as consideration, structured as:

- 6 million shares upon signing (subject to CSE requirements)
- 2 million additional shares upon Ashley receiving drill permits

The initial 6 million shares have tiered hold periods: 2 million each locked for 4, 8, and 12 months. The deal includes governance rights with one board seat at Ashley and the right to maintain a minimum 10% equity stake. Ashley will assume all existing royalty obligations. The transaction closing is expected on April 17, 2025, pending final TSXV approval.

Pegasus Resources Inc. (SLTFF) has entered into a purchase and sale agreement with Ashley Gold Corp. for the sale of its Icefield Property in British Columbia. The agreement, signed on March 19, 2025, includes the following key terms:

- Pegasus will receive 8 million common shares of Ashley Gold:

• 6 million shares upon signing, subject to hold periods ranging from 4 to 12 months
• 2 million shares within 60 days of receiving drill permits

The deal includes strategic benefits for Pegasus, including a seat on Ashley Gold's Board of Directors and the right to maintain a minimum 10% equity stake in Ashley Gold through participation in future financings. Ashley Gold will assume all royalty obligations under the original agreements with DG Resource Management from 2020.

Pegasus Resources (OTC PINK:SLTFF) has secured 75% ownership of the Jupiter Uranium Project in Utah after making the final property payment. The company will earn 100% ownership once drilling commences on this drill-ready and permitted asset.

The acquisition aligns with Pegasus' strategy to develop a high-quality uranium portfolio in the United States, particularly in mining-friendly jurisdictions with established uranium production history. The company is preparing for an initial drill program to expand known uranium mineralization and accelerate resource definition.

CEO Christian Timmins highlighted the strategic timing of the acquisition amid rising global uranium demand and nuclear energy's growing role as a clean energy solution. The company aims to capitalize on the U.S. government's emphasis on domestic uranium production and increasing uranium prices driven by supply security concerns.