Pegasus Resources Secures Majority Stake in Utah Uranium Project

Pegasus Resources ( (TSE:PEGA) ) has shared an announcement.

Pegasus Resources Inc. has secured a 75% ownership stake in the Jupiter Uranium Project in Utah, marking a significant step in its strategy to build a high-quality uranium asset portfolio in the United States. This acquisition positions Pegasus to capitalize on the growing demand for domestic uranium supply, driven by increasing global uranium demand and the U.S. government’s emphasis on domestic production. The company is preparing for an initial drill program to expand known uranium mineralization, which will also trigger the final step in earning 100% ownership of the project. This development aligns with Pegasus’ focus on advancing its exploration strategy and strengthening its industry positioning.

More about Pegasus Resources

Pegasus Resources Inc. is a Canadian uranium exploration company focused on advancing high-potential projects in the United States. The company’s flagship asset, the Jupiter Uranium Project in Utah, is a drill-ready property positioned for resource expansion. With a commitment to strengthening domestic uranium supply, Pegasus is strategically developing its portfolio to capitalize on the growing demand for nuclear energy.

YTD Price Performance: -50.0%

Average Trading Volume: 91,642

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$1.8M

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