Pegasus Resources Secures 75% Ownership of Drill-Ready Jupiter Uranium Project in Utah
Pegasus Resources (OTC PINK:SLTFF) has secured 75% ownership of the Jupiter Uranium Project in Utah after making the final property payment. The company will earn 100% ownership once drilling commences on this drill-ready and permitted asset.
The acquisition aligns with Pegasus' strategy to develop a high-quality uranium portfolio in the United States, particularly in mining-friendly jurisdictions with established uranium production history. The company is preparing for an initial drill program to expand known uranium mineralization and accelerate resource definition.
CEO Christian Timmins highlighted the strategic timing of the acquisition amid rising global uranium demand and nuclear energy's growing role as a clean energy solution. The company aims to capitalize on the U.S. government's emphasis on domestic uranium production and increasing uranium prices driven by supply security concerns.
Pegasus Resources (OTC PINK:SLTFF) ha acquisito il 75% della proprietà del Jupiter Uranium Project nello Utah dopo aver effettuato il pagamento finale per la proprietà. L'azienda otterrà il 100% della proprietà una volta che inizieranno le perforazioni su questo asset già pronto per la perforazione e autorizzato.
L'acquisizione si allinea con la strategia di Pegasus di sviluppare un portafoglio di uranio di alta qualità negli Stati Uniti, in particolare in giurisdizioni favorevoli all'estrazione mineraria con una storia consolidata di produzione di uranio. L'azienda si sta preparando per un programma di perforazione iniziale per espandere la mineralizzazione di uranio conosciuta e accelerare la definizione delle risorse.
Il CEO Christian Timmins ha sottolineato il tempismo strategico dell'acquisizione in un contesto di crescente domanda globale di uranio e del ruolo sempre più importante dell'energia nucleare come soluzione energetica pulita. L'azienda mira a capitalizzare sull'enfasi del governo statunitense sulla produzione domestica di uranio e sull'aumento dei prezzi dell'uranio, spinti dalle preoccupazioni per la sicurezza dell'approvvigionamento.
Pegasus Resources (OTC PINK:SLTFF) ha asegurado el 75% de propiedad del Jupiter Uranium Project en Utah tras realizar el pago final de la propiedad. La compañía obtendrá el 100% de la propiedad una vez que comiencen las perforaciones en este activo listo para perforar y autorizado.
La adquisición se alinea con la estrategia de Pegasus de desarrollar un portafolio de uranio de alta calidad en los Estados Unidos, particularmente en jurisdicciones amigables con la minería y con una historia de producción de uranio establecida. La compañía se está preparando para un programa de perforación inicial para expandir la mineralización de uranio conocida y acelerar la definición de recursos.
El CEO Christian Timmins destacó el momento estratégico de la adquisición en medio del creciente demanda global de uranio y el papel en aumento de la energía nuclear como una solución energética limpia. La compañía busca capitalizar la énfasis del gobierno de EE. UU. en la producción doméstica de uranio y el aumento de los precios del uranio impulsados por preocupaciones de seguridad de suministro.
페가수스 리소스 (OTC PINK:SLTFF)는 마지막 부동산 지불을 완료한 후 유타주에 있는 주피터 우라늄 프로젝트의 75% 소유권을 확보했습니다. 이 회사는 이 드릴 준비가 완료된 자산에서 시추가 시작되면 100% 소유권을 얻을 것입니다.
이번 인수는 미국 내에서 고품질 우라늄 포트폴리오를 개발하려는 페가수스의 전략과 일치하며, 특히 우라늄 생산 이력이 확립된 광산 친화적인 관할권에서 이루어집니다. 이 회사는 알려진 우라늄 광물화를 확장하고 자원 정의를 가속화하기 위해 초기 시추 프로그램을 준비하고 있습니다.
CEO 크리스찬 팀민스는 증가하는 글로벌 우라늄 수요와 청정 에너지 솔루션으로서의 원자력의 역할이 커지는 가운데 인수의 전략적 시기를 강조했습니다. 이 회사는 미국 정부의 국내 우라늄 생산 강조와 공급 안전성 문제로 인한 우라늄 가격 상승을 활용할 계획입니다.
Pegasus Resources (OTC PINK:SLTFF) a sécurisé 75 % de la propriété du Jupiter Uranium Project dans l'Utah après avoir effectué le dernier paiement pour la propriété. L'entreprise obtiendra 100 % de la propriété une fois que le forage commencera sur cet actif prêt à forer et autorisé.
L'acquisition s'inscrit dans la stratégie de Pegasus de développer un portefeuille d'uranium de haute qualité aux États-Unis, en particulier dans des juridictions favorables à l'exploitation minière avec une histoire de production d'uranium établie. L'entreprise se prépare à un programme de forage initial pour étendre la minéralisation d'uranium connue et accélérer la définition des ressources.
Le PDG Christian Timmins a souligné le moment stratégique de l'acquisition dans un contexte de demande mondiale croissante d'uranium et du rôle croissant de l'énergie nucléaire en tant que solution énergétique propre. L'entreprise vise à tirer parti de l'accent mis par le gouvernement américain sur la production nationale d'uranium et de l'augmentation des prix de l'uranium, alimentée par des préoccupations concernant la sécurité de l'approvisionnement.
Pegasus Resources (OTC PINK:SLTFF) hat sich 75% des Eigentums am Jupiter Uranium Project in Utah gesichert, nachdem die letzte Zahlung für das Grundstück geleistet wurde. Das Unternehmen wird 100% Eigentum erlangen, sobald die Bohrungen auf diesem bohrbereiten und genehmigten Vermögenswert beginnen.
Die Übernahme steht im Einklang mit der Strategie von Pegasus, ein hochwertiges Uranportfolio in den Vereinigten Staaten zu entwickeln, insbesondere in bergbaufreundlichen Jurisdiktionen mit einer etablierten Uranproduktionsgeschichte. Das Unternehmen bereitet ein erstes Bohrprogramm vor, um die bekannte Uranmineralisierung zu erweitern und die Ressourcenbestimmung zu beschleunigen.
CEO Christian Timmins hob das strategische Timing der Übernahme inmitten der steigenden globalen Uran-Nachfrage und der wachsenden Rolle der Kernenergie als saubere Energiequelle hervor. Das Unternehmen zielt darauf ab, von der Betonung der US-Regierung auf der inländischen Uranproduktion und den steigenden Uranpreisen, die durch Sicherheitsbedenken in der Versorgung getrieben werden, zu profitieren.
- Secured 75% ownership of drill-ready and permitted Jupiter Uranium Project
- Path to 100% ownership upon drilling commencement
- Strategic asset acquisition amid rising uranium prices
- Project located in mining-friendly jurisdiction with uranium production history
- Additional capital required for drilling operations
- No current resource estimates disclosed
VANCOUVER, BC / ACCESS Newswire / March 18, 2025 / Pegasus Resources Inc. (TSXV:PEGA)(Frankfurt:0QS0)(OTC PINK:SLTFF) (the "Company" or "Pegasus") is excited to share that it has made the final property payment for its Jupiter Uranium Project, a drill-ready and permitted asset in Utah, securing a
The acquisition of a
"With the completion of this acquisition, Pegasus is now in full control of a premier uranium project in the U.S. As global uranium demand surges and nuclear energy gains traction as a clean energy solution, we are positioned to capitalize on this trend by advancing Jupiter toward full-scale exploration and development," stated Christian Timmins, CEO of Pegasus Resources Inc.
With this ownership milestone secured, Pegasus is preparing for an initial drill program to expand known uranium mineralization and fast-track resource definition. This drilling will also trigger the final step in earning
Uranium prices have been climbing steadily, driven by growing demand for nuclear power and concerns over supply security. The U.S. government's emphasis on domestic uranium production presents a unique opportunity for Pegasus as it advances its key assets.
The Company remains focused on executing its exploration strategy and will provide further updates on the drilling timeline for the Jupiter Uranium Project.
About Pegasus Resources Inc.
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.
For additional information, please visit www.pegasusresourcesinc.com.
On Behalf of the Board of Directors:
Christian Timmins
President, CEO and Director
Pegasus Resources Inc.
700 - 838 West Hastings Street
Vancouver, BC V6C 0A6
PH: 1-403-597-3410
X: https://twitter.com/MrChris_Timmins
X: https://twitter.com/pegasusresinc
E: info@pegasusresourcesinc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation, statements regarding creation of value for Company shareholders and results of operations.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.
The forward-looking information contained in this press release represents the expectations of Pegasus as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Pegasus may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
SOURCE: Pegasus Resources, Inc.
View the original press release on ACCESS Newswire
FAQ
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