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Ragusa Minerals Ltd (ASX:RAS)

ALERT: Price-sensitive ASX Announcement for RAS
Current share price for RAS : $0.018 -0.009 (-33.33%)+
Announcement
Release
18 Jun 2026 8:19AM
Price at Release
$0.027
Full Release
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Summary
Ragusa Minerals Limited has announced the completion of its transaction to acquire a ~60% controlling interest in Pegasus Tel, Inc., which is listed on OTC Markets. As part of this deal, Pegasus Tel has acquired the Purple Pansy Manganese-Gold Project mineral claims in Arizona from Red Beryl Mining Company and Steven Cyros. This strategic move positions Ragusa to benefit from U.S. government initiatives aimed at bolstering domestic critical minerals supply, particularly manganese, a critical mineral with no current domestic mining in the U.S. The acquisition is expected to leverage ongoing U.S. government focus on rebuilding supply chains for critical minerals, supported by strategic inputs from industry players over the next two years.
Key Points
  • Ragusa completed acquisition of ~60% controlling interest in Pegasus Tel, Inc.
  • Pegasus Tel acquires Purple Pansy Manganese-Gold Project in Arizona.
  • Ragusa leverages U.S. government initiatives on domestic critical minerals.
  • Strategic support from Red Beryl Mining Company and Steven Cyros for Pegasus.
  • Significance due to U.S. import reliance on manganese.
  • Positioned to benefit from government initiatives like FAST-41 and federal funding grants.
  • No new material information alters previous announcements.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.