Welcome to our dedicated page for Pegasus Resources news (Ticker: SLTFF), a resource for investors and traders seeking the latest updates and insights on Pegasus Resources stock.
Pegasus Resources Inc. (OTC: SLTFF; TSXV: PEGA) is frequently featured in news releases as a Canadian uranium exploration company advancing projects in the United States. Coverage of Pegasus centers on its high-potential uranium portfolio in Utah, led by the Jupiter Uranium Project, which the company describes as drill-ready and permitted, and the adjoining Energy Sands project. News items often highlight how these assets fit into Pegasus’ stated goal of supporting domestic uranium supply.
Investors following SLTFF news will see regular updates on project milestones, such as Pegasus securing a 75% ownership interest in the Jupiter Uranium Project, earning terms toward full ownership upon drilling, and technical context around historic uranium and vanadium mineralization on its Utah properties. Releases also discuss strategic portfolio moves, including the sale of the Icefield Property in British Columbia to Ashley Gold Corp., where Pegasus received Ashley shares and governance and participation rights while Ashley assumed royalty obligations.
Corporate and capital markets developments are another key theme in Pegasus news. The company reports non-brokered private placements of units with share and warrant components, use of proceeds for project payments and working capital, and a proposed shares-for-debt settlement that was later withdrawn following guidance from the TSX Venture Exchange. Governance updates, such as director appointments, resignations and stock option grants, are also disclosed.
More recently, Pegasus and Urano Energy Corp. announced a binding letter agreement for a proposed business combination under which Urano would acquire all Pegasus securities, consolidating Urano’s I-70 project with Pegasus’ Energy Sands and Jupiter projects. This transaction remains subject to negotiation of a definitive agreement, regulatory and stock exchange approvals, shareholder approvals where required, due diligence and other customary conditions. For investors and observers, the Pegasus news feed provides an ongoing record of exploration progress, asset transactions, financings and potential corporate restructuring. Bookmarking this page can help track how these developments evolve over time.
Pegasus Resources Inc. (OTC: SLTFF) has announced the commencement of exploration permit applications and crew mobilization for the Chord Uranium Project, located near the licensed Dewey–Burdock ISR Uranium deposit. This project covers historic uranium mineralization drilled by Union Carbide Corp, showcasing a total of 2,379,990 lbs. U3O8, with a potential additional resource of 1,440,000 lbs. U3O8. The exploration aims to evaluate both underground and open-pit mining resources from key formations, enhancing the company's focus on uranium alongside its other mineral properties.
Pegasus Resources Inc. (OTC/Pink Sheet: SLTFF) has initiated the permit application process for its Mozzie Lake Uranium Property, part of a larger land package near the Athabasca Basin in Saskatchewan. The property boasts a historical resource estimate of 204,200 tons at 0.119% U3O8, totaling 535,718 pounds of uranium. This area has seen little exploration since the 1960s but may also contain rare-earth elements. The company aims to leverage past data to enhance its exploration efforts.
Pegasus Resources Inc. (OTC: SLTFF) has received permit approval from the Saskatchewan Ministry of Environment for initial exploration at its Pine Channel Uranium Project in the Athabasca Basin. The first phase includes ground radon and gravity surveys aimed at identifying uranium mineralization, leveraging historical targets similar to those found by Fission Uranium and Nexgen Energy. The property shows promising geological features with shallow uranium potential. Fieldwork is set to begin once ground conditions improve.
Pegasus Resources Inc. (OTC/Pink Sheet symbol: SLTFF) has signed an option agreement for the acquisition of 147 lode mining claims in South Dakota, covering approximately 3,037 acres. The all-cash deal values the transaction at US$1,500,000 payable over three years, pending TSX approval. The claims include historical resources totaling 2,379,990 lbs. U3O8 and an additional potential resource of 1,440,000 lbs. U3O8. This acquisition allows Pegasus to plan detailed drilling programs to confirm historical results and assess ISR amenability.
Pegasus Resources Inc. (OTC: SLTFF) has engaged Dahrouge Geological Consulting Ltd for field exploration at its newly acquired Energy Sands Uranium Project in Utah. This project involves 30 unpatented claims over 600 acres, near the San Rafael Uranium District. Historical production (1953-1956) yielded 51.8 tons of uranium and vanadium. The company is also advancing the Pine Channel Uranium Project permitting in Saskatchewan. Cautious management notes that past results from adjacent properties may not predict future mineralization on their own.
Pegasus Resources Inc. (OTC: SLTFF) has announced the acquisition of the Energy Sands Project in Utah, consisting of 30 unpatented lode claims over 600 acres. The project is located near the San Rafael Uranium Project and features historical uranium and vanadium production. Management believes the global uranium market is strengthening due to increased demand for green energy alternatives. The company continues its permitting process for another project in Saskatchewan.
Pegasus Resources Inc. announced the results of its summer 2021 exploration program at its Gold Mountain and Punch Bowl properties in British Columbia. Significant findings include:
- Gold Mountain's mineralization extended from 600m to over 900m, with sample results of 1.63% Cu, 76 g/t Ag, and 2.34 g/t Au.
- Punch Bowl confirmed multiple gold-bearing veins, with some samples exceeding 1.0 g/t Au and a new copper zone with samples up to 1.68% Cu.
The company aims to expand further in the next exploration season.
Pegasus Resources reported promising results from its summer 2021 prospecting program at the Vertebrae Ridge Property in British Columbia, encompassing 5,324 ha. Significant findings include the discovery of the Canon Cu-Au Zone and confirmed mineralization at existing sites. Key highlights feature:
- Crest Zone: 65 samples collected, averaging 2.7% Cu, with a maximum of 29% Cu.
- Barrel Zone: 13 samples averaging 0.87% Cu, highest value at 5.06% Cu.
- Cannon Zone: 26 samples averaging 1.03% Cu, including notable gold values.
The findings suggest a large mineralized system in a region with growing copper demand, enhancing exploration potential.
Pegasus Resources Inc. (OTC: SLTFF) has initiated permitting for its uranium projects in the Athabasca Basin, covering approximately 60,054 ha across 19 claims, including Pine Channel and others. A permit application has been submitted for the Pine Channel project, with ground radon and gravity surveys planned upon approval. The company is also collaborating with Northern communities and awaits assay results from recent work on other properties. The technical information has been reviewed by a qualified expert.
Pegasus Resources Inc. (OTC: SLTFF) announced exploration plans for its uranium projects in the Athabasca Basin, covering approximately 60,054 hectares across 19 claims. The company aims to advance exploration at the Pine Channel property through radon soil gas and gravity surveys, making it drill-ready. Plans include data compilation at Mozzie Lake, Wollaston Northeast, and Bentley Lake properties to strategize spring exploration. Historical data indicates potential uranium mineralization, with previous drilling revealing 0.15% U3O8 over 0.15m.
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