Welcome to our dedicated page for Pegasus Resources news (Ticker: SLTFF), a resource for investors and traders seeking the latest updates and insights on Pegasus Resources stock.
Pegasus Resources Inc. (SLTFF) is a Canadian mineral exploration company actively developing uranium, gold, and base metal projects across North America. This news hub provides investors and industry stakeholders with timely updates on corporate developments, exploration milestones, and strategic initiatives.
Access comprehensive coverage of SLTFF's operational progress, including drilling results, resource estimates, and partnership announcements. Our curated news collection enables efficient tracking of the company's multi-commodity exploration strategy across key projects like Energy Sands and Jupiter.
Discover updates spanning geological surveys, permitting advancements, and technical reports. The archive serves as an essential resource for monitoring SLTFF's methodical approach to mineral discovery and project development in established mining jurisdictions.
Bookmark this page for direct access to verified press releases, regulatory filings, and operational disclosures. Stay informed about Pegasus Resources' evolving exploration portfolio through our maintained repository of company communications.
Pegasus Resources has announced notable advancements, including the acquisition of the Jupiter Project on July 10, 2024, positioned 3 km north of Energy Sands. The Jupiter project features over 100 historical drill holes, setting the stage for rapid uranium resource development. The company has also achieved significant progress at its Energy Sands project, marked by a successful ground sampling program in January 2024.
Analysis by Dahrouge Geological Consulting USA revealed promising trends indicative of paleochannel-hosted mineralization. The company has initiated the permitting process for a summer drilling program across both projects.
Strategically, Pegasus is integrating exploration efforts at Jupiter and Energy Sands to enhance operational efficiencies and resource development. Additionally, a gravity survey at Pine Channel is scheduled for this summer to refine future drilling targets.
The company has also entered into an agreement with Fairfax Partners Inc. for social media marketing support, emphasizing Pegasus' focus on investor engagement and transparency.
Pegasus Resources has secured exclusive rights to the Jupiter Uranium Project in Emery County, Utah. The acquisition involves a 100% interest in the Jupiter Project, consisting of 48 unpatented claims.
Previously explored by Atlas Minerals, the project features over 100 drill holes indicating substantial uranium potential. Pegasus plans to use historical data to guide new exploration initiatives, including twinning old drill holes and defining new targets to create a resource estimate.
The agreement includes issuing 2.2 million shares and making cash payments totaling $100,000. Pegasus will also conduct a 1500-meter drilling program within a year. The vendor retains a Net Smelter Return Royalty and will receive bonuses for additional uranium discoveries. The acquisition complements Pegasus’s existing Energy Sands Project, offering investors opportunities in both resource development and potential new discoveries.
On June 18, 2024, Pegasus Resources announced that all resolutions were passed at their Annual General Meeting. Shareholders elected Christian Timmins, Dave Bissoondatt, Noah Komavli, and Derrick Strickland as directors for the upcoming year. The number of directors remains four. Crowe MacKay LLP will continue as the auditor for the ensuing year, with remuneration set by the directors. Additionally, the company's 10% rolling stock option plan received shareholder approval.
Pegasus Resources has retained Dahrouge Geological Consulting to develop a preliminary geological model for its Energy Sands project in Utah, based on detailed geological mapping and sampling completed in Q1 2024. The gathered data, combined with the 2015 Utah Geological Survey map, was used to define drill targets and support the submission of a Notice of Intent to the BLM. Historical drilling data from 1975 was also incorporated, providing valuable insights into the property's uranium and vanadium mineralization. Field samples previously returned values of 3.55% U3O8 and 5.34% V2O5. This model will guide future drilling campaigns.
Pegasus Resources announced the grant of stock options to directors, consultants, and officers. A total of 575,000 common shares can be purchased at C$0.19 per share. These options expire in three years. The issuance is part of Pegasus's stock option plan and complies with TSX Venture Exchange requirements.
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