Pegasus Resources Secures Majority Stake in Jupiter Uranium Project

Pegasus Resources Inc. announced the acquisition of a 75% ownership stake in the Jupiter Uranium Project, a significant asset in Utah. This milestone follows the final property payment, bringing the project closer to full ownership, contingent upon the commencement of drilling activities. The project’s location in a mining-friendly area with a robust uranium production history supports Pegasus' strategic expansion in the U.S. uranium market.

The company's CEO, Christian Timmins, emphasized the importance of this acquisition amid rising global demand for nuclear energy. The planned drilling program aims to expand uranium mineralization and solidify Pegasus' position in the domestic uranium supply chain. This initiative aligns with the U.S. government's focus on enhancing domestic uranium production.