Allegiance Resources Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for lithium and gold deposits. It has a 100% interest in Golden Scheelite Tungsten Project located in Humboldt County, Nevada. It also holds interests in the Morrison River Property in Northern Ontario. The company was formerly known as Pegmatite One Lithium and Gold Corp. and changed its name to Allegiance Resources Corp. in September 2026. Pegmatite One Lithium and Gold Corp. was incorporated in 2021 and is based in Vancouver, Canada.