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An update from Pegasus Resources ( (TSE:PEGA) ) is now available.
Pegasus Resources Inc. has announced a non-brokered private placement to raise up to C$375,000 through the issuance of 6,250,000 units at C$0.06 per unit. The proceeds will be used to finalize the payment for the Jupiter Uranium Property, securing a 75% ownership stake, and for general corporate purposes. This strategic move is expected to enhance the company’s asset portfolio and strengthen its position in the uranium market. The offering is subject to regulatory approvals and is anticipated to close by March 7, 2025.
More about Pegasus Resources
Pegasus Resources Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in the acquisition and advancement of uranium properties, with a market focus on securing and expanding its mineral asset base.
YTD Price Performance: -41.67%
Average Trading Volume: 91,929
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.94M
Learn more about PEGA stock on TipRanks’ Stock Analysis page.