Pegasus Resources: Looking To Join The Saskatchewan Uranium Rush

Pegasus Resources: Looking To Join The Saskatchewan Uranium Rush

Pegasus Resources Inc. (TSXV: PEGA) has announced that it is in the process of considering to acquire several uranium properties in the Athabasca Basin area of northern Saskatchewan. The recent rise in the spot price of uranium has resulted in renewed investor interest in the uranium sector. This is not Pegasus’ first foray into uranium, as it previously sold its uranium assets to mining giant Rio Tinto in 2018. The region accounts for 20% of the world’s uranium production.

Canada was the world’s largest producer of uranium until 2009, when it was surpassed by Kazakhstan. Canada’s leadership position was largely due to the Athabasca Basin, which is host to several of the world’s largest and highest-grade uranium mines, including Cameco’s (TSX: CCO) McArthur River Mine and Cigar Lake Mine.

Uranium was discovered in the Athabasca region during the 1940’s. In 1968 Gulf Mineral Resources discovered the Rabbit Lake Mine which entered […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet