Pegasus Resources Strengthens Uranium Portfolio with New Funding

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.