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Pegasus Resources ( (TSE:PEGA) ) just unveiled an update.
Pegasus Resources has successfully closed a non-brokered private placement, raising over $340,000. This funding allows the company to secure a 75% ownership stake in the Utah-based Jupiter uranium project, with plans to achieve full ownership through a maiden drill program. This strategic move is expected to enhance Pegasus’s asset base and position it for further expansion in the uranium sector.
More about Pegasus Resources
Pegasus Resources Inc. operates in the mining industry, focusing on uranium projects. The company is involved in resource development and aims to create long-term value through its projects, particularly in Utah.
YTD Price Performance: -50.0%
Average Trading Volume: 94,749
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.67M
For an in-depth examination of PEGA stock, go to TipRanks’ Stock Analysis page.