Ground Program On Uranium Property Energy Sands

Ground Program On Uranium Property Energy Sands

VANCOUVER – Pegasus Resources Inc. announced the commencement of a geological mapping and sampling program on its past-producing Energy Sands property in Utah. The Company will compile the data gathered during this program to inform and facilitate the application process for all applicable permits, with the goal of commencing a drill program at Energy Sands in 2024. This strategic initiative underscores the commitment to responsible exploration and the systematic development of our mineral assets.

“Pegasus is thrilled to embark on the next phase of exploration at our past-producing uranium project in Utah,” said CEO Christian Timmins, “The recent announcement from the Department of Energy (DOE) regarding plans to establish domestic uranium enrichment facilities and bolster the domestic supply chain is a significant development. We believe that Energy Sands has the potential to play a crucial role in meeting the future demand for uranium. This aligns perfectly with our strategic vision, and we are eager to contribute to the growth of the domestic uranium sector.”