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Energy Sands Project

The 100% owned Energy Sands Project consists of two properties totaling approx. 1,050 hectares located within the San Rafael Uranium District in Utah, bordering Western Uranium and Vanadium’s San Rafael Project. Utah is ranked among top 5 most favorable mining jurisdictions in the United States* and is home to two built uranium mills and a third soon to be built by Western Uranium and Vanadium, which gives Pegasus an exceptional advantage for potential future ore processing.

July 2024 Jupiter Acquisition

The Jupiter Property is located just 3 km north of Energy Sands and was previously held by Atlas Minerals from 1972 to 1983. During this period, Atlas Minerals conducted approximately 100+ drill holes on the Jupiter Property, with the greatest density occurring in the vicinity of the northeast corner of section 15. The extensive drilling and expl4oration activities conducted by Atlas Minerals revealed promising results with notable uranium intercepts, demonstrating significant potential.

July 2024 Jupiter Acquisition

Current Exploration Focus

Jupiter

We are developing a robust geological model that will substantially enhance our resource development plans. Utilizing extensive historical drilling data, our goal is to refine exploration strategies and produce a resource estimate that meets the current CIM Definition Standards on Mineral Resources and Mineral Reserves.

Our exploration approach at the Jupiter Project consists of twinning historical drill holes, detailed logging of old drill holes and the identification of new drill targets.

Energy Sands

Following a successful ground program in January 2024, which involved a detailed review of historical drill logs, we have moved forward with securing the necessary drilling permits for the Energy Sands project. Once permits are in place, our next steps include initiating the tendering process to source the essential equipment and skilled crews required for a comprehensive drilling program.

Our focus will be on targeting and further investigating potential mineral-hosting paleochannels that have been identified across the property, aiming to delineate and expand these mineralized zones.

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