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use of proceeds for project payments and working capital, and a proposed shares-for-debt settlement that was later withdrawn following guidance from the TSX Venture Exchange.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 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.
Pegasus Resources Inc. (SLTFF) announced the acquisition of four uranium properties near the Athabasca Basin in northern Saskatchewan. This includes a historical resource estimate of 204,200 tons at 0.119% U308, equating to 535,718 pounds of uranium. The properties span 54,026 hectares and encompass Wollaston Northeast, Bentley Lake, Mozzie Lake, and Pine Channel. The acquisition aims to leverage the growing interest in uranium exploration and enhance the company's resource base.
Pegasus Resources Inc. (OTC: SLTFF) has acquired the Pine Channel Uranium Property in the Athabasca Basin, spanning 6,028 ha. The acquisition includes a 100% interest in one claim from Eagle Plains Resources Ltd. and an adjacent claim via a binding LOI. Historical explorations reveal conductive trends and anomalous uranium levels, with previous drilling indicating 0.15% U3O8 over 0.15m. CEO Charles Desjardins expressed excitement over the project, which has seen little activity since 1981. The company plans immediate data compilation and exploration planning.
Pegasus Resources Inc. (OTC symbol: SLTFF) has reported ongoing activities at its Millionara Property in Nevada, an intermediate exploration project within the Independence Gold Trend. Engaging DIRT Exploration for LWIR interpretation, the company aims to identify mineral distribution for future exploration. Historical drilling indicates promising gold results, with significant intervals yielding up to 4.05 g/t Au. The property benefits from excellent accessibility and proximity to major mining operations, enhancing its exploration potential.
Pegasus Resources Inc. (OTC/Pink Sheet symbol SLTFF) has settled $20,000 in outstanding debt through the issuance of 400,000 common shares at a price of $0.05 per share, following approval from the TSX Venture Exchange. This Shares for Debt Settlement aims to streamline the company's financial obligations. The issued shares will be under a four-month hold period. Pegasus, a diversified mineral exploration company focused on zinc and base metals in North America, continues to seek opportunities that enhance shareholder value.
Pegasus Resources Inc. (OTC/Pink Sheet symbol SLTFF) announced the appointment of Mike England as a director, succeeding Glen MacDonald, who resigned. England has over 30 years of experience in public markets and has raised over $80 million for mineral projects. Additionally, the Company will issue 400,000 common shares at $0.05 each to settle $20,000 of debt, pending TSX Venture Exchange approval, subject to a four-month hold. Pegasus focuses on zinc and base metals in North America and looks for opportunities to enhance shareholder value.
Pegasus Resources Inc. (SLTFF) has announced an option agreement to acquire a 100% interest in the Millionara Property in Nevada from National Treasure Corporation, subject to TSX Venture Exchange approval. The property, located 112 km north of Elko, spans approximately 630 acres and is close to the Jerritt Canyon Gold Mine. Historical exploration revealed promising drill results, including 19.8 m of 3.63 g/t Au. The total purchase cost is US$575,000 and 1.5 million shares over 36 months. The project aims to enhance shareholder value through potential mineral exploration.
Pegasus Resources Inc. (OTC: SLTFF) announces that Infinite Ore Corp. has initiated a 2,500 meter drill program on the Confederation North property, part of Infinite's Eastern Vision Project located near Red Lake, Ontario. The program aims to explore gold, copper, and silver anomalies identified through a recent SGH survey. Pegasus has optioned three properties to Infinite, including Confederation North, which has a 75% option with potential to increase. Historical resource estimates for the project suggest significant mineral potential, though they remain unverified.
Pegasus Resources Inc. (OTC/Pink Sheet: SLTFF) is actively reviewing various Green Energy opportunities aligned with its mineral exploration focus. The projects are within favorable North American jurisdictions and include Lithium, Copper, Nickel, and Uranium. The company has received a $500,000 cash payment related to the sale of its Confederation Lake properties and expects $1,250,000 in Trillium Gold Mines Inc. shares shortly. Pegasus is preparing for a busy field season at its Gold Mountain and Vertebrae Ridge projects, where high-grade mineralization has been identified.