Last week, we highlighted Pegasus Resources Inc. (TSX Venture: PEGA) (Frankfurt: OQS2) (Pink Sheet: SLTFF) as a diversified junior Canadian mineral exploration company to be aware of after enhancing its leverage to the uranium market through the acquisition of 147 lode mining claims (approximately 3,037 acres) in Fall River County, South Dakota
Pegasus is led by a management team that is laser focused on discovering and mining high-value resources in North America. The company owns uranium, gold and base metal properties and we believe the management team is targeting high growth markets which can create significant long-term value for shareholders.
Last week, Pegasus reported an important milestone and was approved to start the initial exploration at the Pine Channel Uranium project. In the near future, we expect field work to commence as soon as ground logistics allow for it and are bullish on the leadership team’s multi-phase mining strategy to extract the most value from the project.
In the first phase of the project, Pegasus will conduct a ground radon and gravity survey and we expect the process to start when the ground is stable after the winter thaw. We believe the management team has been able to de-risk the opportunity by completing a RadonEX survey that identified exploration targets and lead to major discoveries in several zones.
So far, two conductive trends have been identified and one has been defined by both airborne and ground electromagnetic (EM) surveys. We are favorable on the initial work that is being conducted and believe the management team is executing on a project that could be a major revenue generator for the entire business.
Last week, we published a report on Pegasus that provides in-depth analysis on the entire business and you can access the report by clicking here (insert hyperlink).
At current levels, we believe that Pegasus has a compelling valuation and a favorable risk-reward profile. We are of the opinion that Pegasus is in the early innings of a major growth cycle and will continue to closely follow how the story advances from here.
If you are interested in learning more about Pegasus Resources, please send an email to support@onthebids.com with the subject “Pegasus Resources” to be added to our distribution list.
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.Pursuant to an agreement between StoneBridge Partners LLC and Pegasus Resources Inc. we have been hired for a period of 60 days beginning April 11, 2022 and ending June 11, 2022 to publicly disseminate information about (PEGA) including on the Website and other media including Facebook and Twitter. We are being paid $4,000 per month for a period of 2 months. We own zero shares of (PEGA), which we purchased in the open market. We plan to sell the “ZERO” shares of (PEGA) that we hold during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of (PEGA) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.
