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Manhattan Uranium Discovery Corp. Completes Transformational Acquisitions of Urano Energy and Pegasus Resources
Creates Premier North American Pure-Play Uranium Company with 15 past-producing Uranium Mines on ...
About this update from Manhattan Uranium Discovery Corporation
[{"type":"text","content":"Manhattan Uranium Discovery Corp. Completes Transformational Acquisitions of Urano Energy and Pegasus ResourcesCreates Premier North American Pure-Play Uranium Company with 15 past-producing Uranium Mines on 25 U.S. Properties and Strong Athabasca Basin Exploration UpsideVancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - Manhattan Uranium Discovery Corp., formerly \"Aero Energy Limited\" (TSXV: MANU) (OTC Pink: AAUGF) (FSE: J5B) (\"Manhattan\") Urano Energy Corp. (CSE: UE) (OTCQB: UECXF) (\"Urano\") and Pegasus Resources Inc.  (TSXV: PEGA) (\"Pegasus\") are pleased to announce the successful completion of their previously announced business combinations, pursuant to which Manhattan has acquired all of the common shares of each of Urano and Pegasus by way of separate court approved plans of arrangement (the \"Urano Arrangement\" and the \"Pegasus Arrangement\", respectively, and together the \"Arrangements\"). The combined entity (the \"Combined Company\") shall continue under the name Manhattan Uranium Discovery Corp. and shall trade on the TSX Venture Exchange (\"TSX-V\") under the ticker symbol \"MANU\".Strategic Rationale for the TransactionsCreation of a Leading North American Pure-Play Uranium Platform: Consolidates 15 past-producing uranium mines across 25 underexplored U.S. properties totaling 25,099 acres in the prolific Colorado Plateau region, complemented by high-grade exploration upside in Canada's world-class Athabasca Basin.Elite Uranium Team: Brings together a world-class management, technical, and capital markets team with decades of proven uranium discovery, development, and production success from senior leadership roles at EnCore Energy, NexGen Energy, Alpha Minerals, Union Carbide, and General Atomics.Expanded Historical Resource Base for Accelerated Growth: Consolidates a significant portfolio of historical uranium resources across multiple U.S. projects, positioning the Combined Company to accelerate exploration and development towards production.Positioned for the American Nuclear Renaissance: Features a high-quality portfolio of assets in premier U.S. jurisdictions, positioned to capitalize on surging domestic uranium demand and the growing national focus on energy security, with uranium now officially designated a critical mineral by the United States Geological Survey.Enha...