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The latest update is out from Pegasus Resources ( (TSE:PEGA) ).
Pegasus Resources Inc. has received conditional approval from the TSX Venture Exchange for the sale of its non-core Icefield Property in British Columbia to Ashley Gold Corp. This strategic move aligns with Pegasus’ focus on unlocking value from legacy assets while accelerating the development of its U.S.-based uranium portfolio. The transaction involves Pegasus receiving 8,000,000 common shares of Ashley, with governance and participation rights, and Ashley assuming all royalty obligations. This sale is expected to provide a timely opportunity for Pegasus investors, given the current high gold prices, and supports the company’s broader goal of monetizing non-core assets to fund growth in its uranium projects.
More about Pegasus Resources
Pegasus Resources Inc. is a Canadian uranium exploration company focused on advancing high-potential projects in the United States. The company’s flagship asset is the Jupiter Uranium Project in Utah, which is a drill-ready property positioned for resource expansion. Pegasus is committed to strengthening domestic uranium supply and is strategically developing its portfolio to capitalize on the growing demand for nuclear energy.
YTD Price Performance: -45.83%
Average Trading Volume: 86,758
Technical Sentiment Signal: Buy
Current Market Cap: C$1.8M
See more data about PEGA stock on TipRanks’ Stock Analysis page.