Welcome to our dedicated page for Pegasus Resources news (Ticker: SLTFF), a resource for investors and traders seeking the latest updates and insights on Pegasus Resources stock.
Pegasus Resources Inc. (OTC: SLTFF; TSXV: PEGA) is frequently featured in news releases as a Canadian uranium exploration company advancing projects in the United States. Coverage of Pegasus centers on its high-potential uranium portfolio in Utah, led by the Jupiter Uranium Project, which the company describes as drill-ready and permitted, and the adjoining Energy Sands project. News items often highlight how these assets fit into Pegasus’ stated goal of supporting domestic uranium supply.
Investors following SLTFF news will see regular updates on project milestones, such as Pegasus securing a 75% ownership interest in the Jupiter Uranium Project, earning terms toward full ownership upon drilling, and technical context around historic uranium and vanadium mineralization on its Utah properties. Releases also discuss strategic portfolio moves, including the sale of the Icefield Property in British Columbia to Ashley Gold Corp., where Pegasus received Ashley shares and governance and participation rights while Ashley assumed royalty obligations.
Corporate and capital markets developments are another key theme in Pegasus news. The company reports non-brokered private placements of units with share and warrant components, use of proceeds for project payments and working capital, and a proposed shares-for-debt settlement that was later withdrawn following guidance from the TSX Venture Exchange. Governance updates, such as director appointments, resignations and stock option grants, are also disclosed.
More recently, Pegasus and Urano Energy Corp. announced a binding letter agreement for a proposed business combination under which Urano would acquire all Pegasus securities, consolidating Urano’s I-70 project with Pegasus’ Energy Sands and Jupiter projects. This transaction remains subject to negotiation of a definitive agreement, regulatory and stock exchange approvals, shareholder approvals where required, due diligence and other customary conditions. For investors and observers, the Pegasus news feed provides an ongoing record of exploration progress, asset transactions, financings and potential corporate restructuring. Bookmarking this page can help track how these developments evolve over time.
Pegasus Resources (OTCQB:SLTFF) announced its Annual General and Special Meeting of Shareholders will be held on April 29, 2026 at 1200 - 750 West Pender Street, Vancouver. The record date for voting is March 20, 2026.
The meeting will include shareholder approval of an arrangement transaction with Aero Energy, and references termination of a prior binding LOI with Urano Energy. TSXV approved an extension allowing the combined meeting and shareholder vote. Full meeting matters will be disclosed in the forthcoming management information circular filed on SEDAR+.
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Pegasus Resources (OTC:SLTFF) announced that its subsidiary executed an Other Business Arrangement (OBA) with the Utah School and Institutional Trust Lands Administration on January 23, 2026 for ~640 acres in Emery County, Utah.
The OBA grants Pegasus exclusive exploration rights for uranium and associated metalliferous minerals for a five-year term, with an option to convert all or parts of the lands to a mineral lease if exploration and payment conditions are met. Annual option payments are US$6.00 per acre. Planned staged exploration includes geophysical surveys, permitting, drilling and technical studies. The arrangement remains subject to regulatory, bonding and reclamation requirements.
Pegasus Resources (OTC:SLTFF) and Urano Energy entered a binding letter agreement dated December 1, 2025 for a proposed business combination whereby Urano will acquire all Pegasus shares.
The deal consolidates Urano's I-70 project with Pegasus’ Energy Sands and Jupiter projects (approx. 3,900 acres) that include historic uranium and vanadium results and authorized drill permits. Exchange terms: 0.7 Urano Units per Pegasus share; post-closing ownership ~86.75% Urano shareholders / 13.25% Pegasus shareholders. Urano Warrants: $0.15 exercise for 18 months. Closing remains subject to definitive agreements, approvals and due diligence.
Pegasus Resources (TSXV:PEGA; OTCID:SLTFF; FSE:OQS2) announced on October 29, 2025 that Noah Komavli resigned from the board of directors effective immediately. Following the resignation, the board will consist of three directors. The company thanked Mr. Komavli for his contributions and service to Pegasus.
Pegasus Resources (OTCID:SLTFF) has successfully closed a non-brokered private placement, raising $250,080 through the issuance of 4,168,000 units at $0.06 per unit. Each unit includes one common share and half of a transferable warrant, with each full warrant exercisable at $0.08 until August 21, 2027.
Company insiders, including Noah Komavli, Christian Timmins, and Point A Pierre Capital Ltd., participated in the offering, acquiring 893,000 units for $53,580. The proceeds will be used for general working capital purposes. Securities issued will be subject to a hold period until December 22, 2025.
Pegasus Resources (OTC:SLTFF) has withdrawn its application for a shares-for-debt settlement that would have converted approximately $140,000 of outstanding debt into common shares. The withdrawal comes after the TSX Venture Exchange denied approval for the proposed settlement structure, despite the debt being legitimate.
The company had initially announced this debt settlement plan on June 11, 2025, but following discussions with the Exchange, which cited a consistent policy position regarding similar transactions, Pegasus will now need to address the outstanding debt through conventional means.
Pegasus Resources Inc. (SLTFF) has successfully completed the disposition of its Icefield Property in British Columbia to Ashley Gold Corp. As part of the agreement, Pegasus received 6,000,000 common shares of Ashley Gold on April 22, 2025, with an additional 2,000,000 shares to be issued within 60 days of Ashley receiving drill permits. Pegasus director Noah Komavli has been appointed to Ashley's Board of Directors. Additionally, Pegasus has granted 725,000 stock options to directors, officers, and consultants, exercisable for three years at $0.08 per share.
Pegasus Resources (TSXV:PEGA, OTC:SLTFF) has received conditional TSXV approval for selling its non-core Icefield Property in British Columbia to Ashley Gold Corp. The transaction involves 8 million Ashley common shares as consideration, structured as:
- 6 million shares upon signing (subject to CSE requirements)
- 2 million additional shares upon Ashley receiving drill permits
The initial 6 million shares have tiered hold periods: 2 million each locked for 4, 8, and 12 months. The deal includes governance rights with one board seat at Ashley and the right to maintain a minimum 10% equity stake. Ashley will assume all existing royalty obligations. The transaction closing is expected on April 17, 2025, pending final TSXV approval.