Aero Energy, Urano Energy and Pegasus Resources Announce Combination to Create a Premier North American Uranium Explorer & Developer and Up to $6 Million Non-Brokered Financing

The most recent news (March 2, 2026) announces a definitive three-way combination between Aero Energy, Urano Energy, and Pegasus Resources. The new entity, Manhattan Uranium Discovery Corp. ("MANU"), aims to become a premier North American uranium player. Key components include: - Acquisition of Urano at $0.094/share and Pegasus at $0.063/share. - A portfolio of 15 past-producing mines across 25 properties (25,099 acres) in the U.S. - A concurrent non-brokered private placement of up to $5,000,000 (12.5M subscription receipts). - Management team additions with experience from EnCore Energy, NexGen, and Alpha Minerals. - Use of proceeds to fund exploration, repay Urano’s bridge loan, and transaction costs.

This is a Material - Game Changer event for Aero Energy. - Strategic Pivot: The company is shifting from a pure-play Athabasca explorer to a diversified North American developer with "near-term" drilling potential in the U.S. (I-70 Project, Uravan Belt). - Scale: The combination creates a significantly larger footprint, moving from ~250,000 acres in Saskatchewan to adding 25,000+ acres of past-producing U.S. assets. - Financial Reset: The $5M financing is critical as the October 31, 2025, financials showed a precarious cash position of only $102,267. - Execution Risk: While the "elite team" is a positive, the company is integrating two acquisitions simultaneously while managing a 10:1 share consolidation (completed Dec 2025) and a name change.

Aero Energy (formerly Angold Resources) is a uranium explorer. - Flagship (Canada): Murmac and Strike projects (Athabasca Basin), where it is earning up to 70% from Fortune Bay. - Flagship (U.S.): The Apex Property (Nevada) and the newly acquired I-70 Uranium Project. - Status: Transitioning from exploration to development via M&A.