Pegasus Resources (TSXV: PEGA) this morning revealed that it is in the process of reviewing several green energy projects. The company has indicated that the projects are consistent with the firms mineral exploration focus.
In particular, the company has revealed that it is in the process of reviewing several projects within North America that are favourable for mineral exploration and development. Such projects include the fields of lithium, copper, nickel, and or uranium, with further updates to be revealed once due diligence is completed.
The company also remains focused on its Golden properties, which include the Gold Mountain and Vertebrae Ridge projects, which feature gold and copper among other minerals. A busy field season ahs been outlined for the properties, where the firm is focused on high grade copper mineralization that has been discovered.
“With the company being fully funded and with lithium, copper, nickel and uranium being in great demand and for the foreseeable future, we will explore the possibility of acquiring additional opportunities if they meet our criteria of enhancing value to the company and its shareholders.”Charles Dejardins, CEO
The company this morning also identified that the sale of the firms Confederation Lake properties is nearly complete, with the cash payment associated with the sale having been received. The company is now awaiting on the issuance of shares in connection with the transaction.
Pegasus Resources last traded at $0.055 on the TSX Venture.
FULL DISCLOSURE: Pegasus Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Pegasus Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.