Pegasus Resources Inc. reports developments as a Canadian junior mineral exploration company focused on uranium, gold and base metal properties in North America. Recent company updates center on uranium exploration in the United States, including the Jupiter Uranium Project in Utah and exploration rights covering additional Utah lands through its U.S. subsidiary.
Recurring news themes for SLTFF include mineral property agreements, permitting and exploration work, private-placement financings, share and warrant issuances, debt-settlement and capital-structure matters, shareholder voting items, board composition changes, governance disclosures, and operating and financial results.
On February 4, 2021, Pegasus Resources Inc. (OTC/Pink Sheet symbol SLTFF) provided updates on its mineral exploration activities. Significant finds at the Vertebrae Ridge property include surface sample assays showing up to 35.5% Cu and 96.7 g/t Ag. The company expanded its land holdings from 2,871 ha to 5,324 ha. Additionally, the Gold Mountain project revealed high-grade silver/gold samples. Recent sales of Confederation Lake properties to Trillium Gold Mines Inc. will net $2 million and a partnership with Infinite Ore Corp. entails $325,000 cash and work commitments.