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Pegasus Resources ( (TSE:PEGA) ) has provided an announcement.
Pegasus Resources Inc. has entered into a purchase and sale agreement with Ashley Gold Corp. for the Icefield Property in British Columbia. This transaction allows Pegasus to monetize a non-core asset while retaining strategic exposure through board representation and equity participation. The agreement aligns with Pegasus’s strategy to focus on its uranium projects in the U.S., while Ashley Gold’s expertise is expected to unlock the Icefield Property’s potential, benefiting both companies and their shareholders.
More about Pegasus Resources
Pegasus Resources Inc. operates in the mining industry, focusing on uranium projects in the United States. The company is committed to creating shareholder value by monetizing non-core assets, such as the Icefield Property, while advancing its high-potential uranium portfolio.
YTD Price Performance: -33.33%
Average Trading Volume: 91,488
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.08M
See more data about PEGA stock on TipRanks’ Stock Analysis page.