Pegasus Resources Terminates South Dakota Uranium Mining Plan
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Pegasus Resources said that Pegasus and Cowboy Exploration and Development have mutually agreed to cancel the Chord option agreement in Fall County, South Dakota.
Opposition to uranium projects in South Dakota was considered low when Pegasus and Cowboy Exploration initially signed the agreement for the Chord Project. However, in late September 2022, Pegasus opened negotiations with Cowboy Exploration when the company became concerned with an increased anti-mining sentiment in Fall County, specifically toward uranium exploration and development. Since then, Fall River County voters have declared uranium mining a nuisance.
Pegasus and Cowboy Exploration failed to negotiate an agreement that was satisfactory to all parties, and, therefore, mutually agreed to terminate the agreement.
About Pegasus Resources
Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on uranium, gold, and base metal properties in North America. The company is also actively pursuing the right opportunity in other resources to enhance shareholder value.
To stop by Pegasus’ website, CLICK HERE
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