Pegasus Resources Inc. (TSX-V:PEGA), the uranium-focused exploration company, is gearing up for a promising 2024.
In a statement reviewing the company’s achievements in the past year, Pegasus highlighted developments at its Pine Channel property in the Athabasca Basin of Saskatchewan.
The company secured crucial permits for Pine Channel, unlocking valuable exploration opportunities and showcasing a commitment to responsible resource development.
The Canadian junior also took an opportunity to stake additional land at its 100% owned Energy Sands project in Utah, which increased the land package by 160%.
And a comprehensive work program at the Golden project in British Columbia yielded substantial results, expanding the understanding of the property and securing its good standing until fall 2025.
Looking ahead to 2024, Pegasus said it plans to capitalize on the growing demand for uranium, particularly in the US.
“(We) stand poised to capitalize on the growing demand for uranium, especially in the US,” the company said in a statement.
“The recent announcement by the Department of Energy (DOE) regarding a final request for proposals for uranium enrichment services and US-sourced uranium supplies aligns with our commitment to exploring and discovering a commercial domestic supply of uranium for the North American markets.”
During the first half of the year, its primary focus will be on getting Energy Sands to drill-ready status. A comprehensive mapping and sampling program will delineate drill targets.
In Saskatchewan, the company will look at a geophysical program, and look at options to advance its Golden project in BC.