Pegasus Resources Sells Icefield Property to Ashley Gold Corp.

An update from Pegasus Resources ( (TSE:PEGA) ) is now available.

Pegasus Resources Inc. has entered a purchase and sale agreement with Ashley Gold Corp. for the Icefield Property in British Columbia. This strategic transaction allows Pegasus to monetize non-core assets while retaining strategic exposure to the property’s potential through board representation and equity participation rights. The agreement aligns with Pegasus’ broader strategy to focus on its uranium projects in the U.S. and ensures continued involvement in the Icefield Property’s development, benefiting both companies and their shareholders.

More about Pegasus Resources

Pegasus Resources Inc. operates in the mining industry, focusing primarily 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 in British Columbia, to drive growth in 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

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