Aero Energy, Urano Energy, and Pegasus Resources Merge to Form Manhattan Uranium Discovery Corp.

Aero Energy Limited, Urano Energy Corp., and Pegasus Resources Inc. have announced their merger to form Manhattan Uranium Discovery Corp., with a planned total financing of up to $6 million. This strategic combination aims to create a leading North American uranium explorer and developer. Under the arrangement, Aero will acquire all shares of Urano and Pegasus, offering Urano shareholders 0.2 Aero shares for each Urano share, and Pegasus shareholders 0.133 Aero shares for each Pegasus share.

The merged entity expects synergies in uranium exploration and development. Former Urano shareholders will hold 49.3% of the new company, current Aero shareholders 44.2%, and Pegasus shareholders 6.5%. This move seeks to leverage technical expertise and accelerate growth in the uranium sector, which is seeing renewed strategic importance for North American energy security.