Pegasus Resources strengthens position in Utah as it more than doubles its Energy Sands property

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[{"type":"text","content":"Pegasus Resources strengthens position in Utah as it more than doubles its Energy Sands property\n \n \n (NewsDirect)\n \n \n \n \n Pegasus Resources Inc CEO Chris Timmins\njoined Proactive's Stephen Gunnion with news the company has\nstaked additional land in Utah adjacent to its 100% owned Energy Sands\nproperty.\n \n \n Timmins said the\nadditional land expands its existing project in Emery County by 160%,\nstrategically positioning the company closer to known deposits owned\nby Western Uranium and Vanadium. The new property boasts\ninfrastructure, including roads and highways, alongside proximity to\nWestern Uranium's proposed processing mill.\n \n \n Timmons emphasized the historical\nproduction of uranium on the Energy Sands property in the 1950s,\ntaking 52 tons of uranium and vanadium out of the ground.\n \n \n The CEO outlined the company's\nupcoming plans, involving mapping, geological studies, and the\napplication for drilling permits, setting the stage for a drill\nprogram in 2024.\n \n \n With uranium gaining significance as a\ncritical metal, Timmons highlighted the growing demand for nuclear\nenergy, driving Pegasus' exploration efforts across its five\nprojects, including four in Canada's Athabasca Basin.\n \n \n \n Contact Details\n \n \n \n Proactive Investors\n \n \n +1\n604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1864,"tagName":"div"}]

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