Investor Ideas, Trading Ideas and Stocks to Watch

Thursday, July 18, 2024

Uranium Miners to Watch - Pegasus Resources Inc. (TSXV: $PEGA.V) (OTCPink: SLTFF) Western Uranium & Vanadium (CSE: $WUC.CN) Ur-Energy Inc. (NYSE: $URG) Anfield Energy (TSX.V: $AEC.V)

Uranium Miners to Watch - Pegasus Resources Inc. (TSXV: $PEGA.V) (OTCPink: SLTFF) Western Uranium & Vanadium (CSE: $WUC.CN) Ur-Energy Inc. (NYSE: $URG) Anfield Energy (TSX.V: $AEC.V)

The Big Picture Just Keeps Getting Better for Uranium Stocks

July 18, 2024 - Investorideas.com, a global investor news source covering mining and metals stocks releases a snapshot looking at the future of uranium mining and exploration, featuring Pegasus Resources Inc. (TSXV:PEGA) (OTC Pink:SLTFF) (Frankfurt:0QS0), a diversified Junior Canadian Mineral Exploration Company with a focus on uranium, gold, and base metal properties in North America.

The World Nuclear Association recently reported on the sector noting, “Looking ten years ahead, the market is expected to grow. The Reference Scenario of the 2023 edition of the World Nuclear Association's Nuclear Fuel Report shows a 28% increase in uranium demand over 2023-30 (for an 18% increase in reactor capacity – many new cores will be required). Demand thereafter will depend on new plants being built and the rate at which older plants are retired – the Reference Scenario of the 2023 Nuclear Fuel Report has a 51% increase in uranium demand for the decade 2031-2040. Licensing of plant lifetime extensions and the economic attractiveness of continued operation of older reactors are critical factors in the medium-term uranium market. However, with electricity demand by 2040 potentially increasing by about 50% from that of 2022 (based on the International Energy Agency's World Energy Outlook 2023 report), there is plenty of scope for growth in nuclear capacity in a world concerned with limiting carbon emissions.”

Pegasus Resources Inc. (TSXV:PEGA) (OTC Pink:SLTFF) (Frankfurt:0QS0) released an update to shareholders and investors on July 12^th, saying they are “excited to enter the third quarter of 2024 with significant developments in our exploration initiatives, particularly with the recent acquisition of the Jupiter Project and ongoing activities at our established Energy Sands project. As we advance these projects, we are positioned to significantly enhance shareholder value through strategic exploration and development.”

Paid news dissemination for Pegasus Resources

Read this article, featuring PEGA in full at https://www.investorideas.com/news/2024/mining/07181Uranium-Miners.asp

More from the news: "We are entering an exciting phase of exploration with the recent acquisition of the Jupiter Project and the work completed on the Energy Sands projects," stated Christian Timmins, CEO, "The strategic integration of these projects allows us to leverage extensive historical data and modern geological techniques to maximize our exploration potential. Our dedicated team is focused on advancing these projects rapidly, aiming to enhance our understanding of the mineral resources and expand our operational scope. With our upcoming drill program set to commence this summer, we are confident in our ability to deliver substantial value to our shareholders and reinforce Pegasus Resources' position as a leader in the uranium sector."

Continued: The year commenced with a successful ground sampling program at Energy Sands in Utah in January 2024. The significant results, announced on March 25, 2024, indicated a favourable environment for uranium mineralization. Following this, we added to our geological understanding by acquiring historical drilling data of the area, which further defined the area's potential. As detailed in our June 04, 2024 news release, analysis conducted by Dahrouge Geological Consulting USA Ltd. identified a trend indicative of paleochannel-hosted mineralization. This significant discovery, aligning with structural measurements and the identified mineralization trends, aids in targeting potential mineral-hosting paleochannels across the property. We have initiated the permitting process and have submitted all necessary documents to launch a summer drilling program.

Continued: Adding to our portfolio, the recent acquisition of the Jupiter Project (July 10, 2024), located 3 km north of Energy Sands, marks a pivotal expansion. Jupiter, boasting over 100 historical drill holes, is an exciting project that uniquely positions Pegasus to expedite the development of a uranium resource estimate. This strategic proximity to Energy Sands and Jupiter provides a significant opportunity for us to use the available historical drill logs and future company drilling programs to better understand the uranium mineralization in the area while looking to find the next discovery. The strategic significance of this acquisition is immense, and we are poised to begin work at Jupiter once we have secured the required permits and funding, and completed the tendering process to acquire the necessary equipment and crews for a summer drilling program, with expectations set on rapidly advancing our exploration and resource development objectives at Jupiter.

As we progress through 2024, Pegasus Resources is actively advancing our exploration initiatives at both the Jupiter Project and Energy Sands, leveraging historical data and recent geological studies to guide resource development.

Continued: Jupiter Project: Our exploration approach at the Jupiter Project is comprehensive, involving the twinning of historical drill holes, detailed logging of old drill holes, and the identification of new drill targets. These efforts are crucial not only for expanding the known resource base but also for discovering new mineralization zones. We are developing a robust geological model for the Jupiter Project that will substantially enhance our resource development plans. Utilizing extensive historical drilling data, our goal is to refine our exploration strategies and produce a resource estimate that meets the current CIM Definition Standards on Mineral Resources and Mineral Reserves. The wealth of historical data available underscores the considerable potential for uranium mineralization, laying a strong foundation for our ongoing exploration efforts.

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 summer drilling program. This upcoming program is designed to build upon the insights gained from recent mapping conducted by Dahrouge Geological Consulting USA Ltd. 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.

Integrated Exploration Strategy: By synchronizing our exploration strategies at both Jupiter and Energy Sands, Pegasus Resources is effectively harnessing synergies between the two projects. This integrated approach not only streamlines our operational efforts but also enhances our ability to quickly adapt and respond to geological findings as they emerge. The proximity of Jupiter to Energy Sands offers unique opportunities for operational efficiencies and resource sharing, ensuring that our exploration programs are both cost-effective and strategically aligned.

These combined efforts at Jupiter and Energy Sands underscore our commitment to advancing these projects toward their full potential, with the aim of significantly enhancing shareholder value through the discovery and development of valuable uranium resources. As we continue to progress with our drilling and exploration programs, Pegasus Resources remains dedicated to upholding the highest standards of resource estimation and sustainable mining practices.

Pine Channel: Located on the north side of the Athabasca Basin, Pine Channel is slated for a gravity survey this summer. This survey will enhance our understanding of the property and refine targets for future drilling operations. The gravity survey will play a crucial role in our strategic exploration efforts.

Continued: As we continue to advance our strategic projects, Pegasus Resources is uniquely positioned in the uranium sector to capitalize on both established and emerging opportunities. Our recent agreements and exploration advancements underscore our commitment to leading the industry in discovery and resource development.

Pegasus Resources Inc property map (TSXV:PEGA)

Western Uranium & Vanadium Corp. (CSE: WUC.CN) just updated shareholders in May , reporting “Western continues to ramp up operations to achieve its annualized production target of 1 million pounds of uranium and 6 million pounds of vanadium. Participation in the aforementioned buying program should not hinder the development of an adequate uranium feedstock supply for the Maverick Minerals Processing Plant. Precision Systems Engineering (PSE) is targeting to release the preliminary engineering design and cost estimate in June.”

More from the news: At the beginning of 2024 Western expanded the Sunday Mine Complex mining operations by deploying two alternating mining crews and two alternating drilling teams who operate seven days a week. Following the expansion of infrastructure deeper into the West Sunday Mine, the mining teams commenced driving a drift approximately 2,700 feet to the Leonard & Clark deposit. So far, the teams have drifted approximately 317 feet and are now deploying a jumbo drill to increase progress. The drilling teams continue to define additional mining areas utilizing underground horizontal drilling. Between January 25th and March 31st, the team has drilled a total of 8,170 linear feet with 43 long hole drill targets at three separate areas of the GMG deposit.

Anfield Energy Inc. (TSX.V: AEC) (OTCQB: ANLDF) (FRANKFURT: 0AD), a uranium and vanadium development and near-term production company, recently announced that it has received final approvals for its drill permit application to commence a 20-hole, 20,000-foot rotary drill program at its Slick Rock uranium and vanadium project, located in San Miguel County, Colorado. Permits approvals included the Bureau of Land Management, the Colorado Division of Resources Mining and Safety, and a Special Use Permit from San Miguel County, Colorado to allow access via county roads for the drilling project. The permits allow drilling between the months of June and September. Anfield will use local contractors to complete the drilling.

From the news: Anfield expects to commence the drill program in the third quarter of 2024. This is a crucial step in Anfield’s plan to secure a large mine permit for Slick Rock as the Company looks towards future uranium and vanadium production.

Continued: Corey Dias, Anfield’s CEO commented: “We are very pleased to commence development at Slick Rock as this project is integral to our hub-and-spoke uranium and vanadium production strategy. The 20-hole drill program, which will start during the third quarter of 2024, will allow us to both verify and upgrade our known resource at site and meet the criteria to secure a large mine permit from the appropriate agency. Our aim is to have both the Slick Rock and Velvet-Wood mines ready for production ahead of the restart of the Shootaring Canyon mill, with initial feed ready for transport once the mill is ready to receive it.”

Ur-Energy Inc. (NYSE:URG) (TSX:URE), a well-known, more senior uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming, reported its financial results in May saying, “Ramp-up continues at Lost Creek, with two additional header houses (HHs 2-6 and 2-7) coming online thus far in 2024. During Q1, we captured approximately 38,221 pounds, dried and packaged 39,229 pounds, and shipped 35,445 pounds U3O8. At quarter end, our in-process inventory was approximately 80,465 pounds, our drummed inventory was 26,062 pounds, and our finished inventory at the conversion facility was 79,235 pounds U3O8.”

From junior uranium exploration stocks to more established miners, the uranium sector is heating up for investors and one to watch for both short and long term. As Nuclear Engineering reported, ”Global uranium prices, which almost doubled in 2023, have continued the trend with further price rises this year.”

Research more uranium and mining stocks at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp

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Disclaimer/Disclosure: This article featuring Pegasus Resources Inc.is a paid for service on Investorideas.com, as a featured mining stock. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more.. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

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Wednesday, July 17, 2024

Analysts Hunt for Undervalued Biotech Stocks - Citius Pharmaceuticals (NASDAQ: $CTXR) Jazz Pharmaceuticals (NASDAQ: $JAZZ) CRISPR (NASDAQ: $CRSP) Krystal Biotech (NASDAQ: $KRYS)

Analysts Hunt for Undervalued Biotech Stocks - Citius Pharmaceuticals (NASDAQ: $CTXR) Jazz Pharmaceuticals (NASDAQ: $JAZZ) CRISPR (NASDAQ: $CRSP) Krystal Biotech (NASDAQ: $KRYS)

July 17, 2024 - Investorideas.com, a go-to investing platform releases the first of a two-part series looking at biotech/biopharma stocks, featuring Citius Pharmaceuticals, Inc. (Nasdaq: CTXR), a late-stage biopharmaceutical company dedicated to the development and commercialization of first-in-class critical care products. The Company's diversified pipeline includes two late-stage product candidates.

Looking at the sector, Morningstar reported in June, “Biotech had a strong start to 2024, driven by an uptick in M&A and every indication that interest rates would begin to decline,” says Morningstar strategist Karen Andersen. “However, the second quarter has been more mixed for the industry, as rates look to be stabilizing rather than declining, given persistent (but improving) inflation. Higher rates tend to make waiting for uncertain returns on biotech investments less attractive.”

“We still see tailwinds for the industry going forward. Smaller-cap names are still targets for acquisitions by bigger biopharma firms, and a wave of acquisitions has continued since late last year, particularly focused on oncology and immunology,” she says. “We think obesity acquisitions are likely going forward, as big biopharma can bring development and commercialization expertise to multiple programs in midstage trials at small biotechs. Second, on a more fundamental level, new technologies and launches in new therapeutic areas are poised to boost productivity and drive biotech performance.”

This week, EF Hutton initiated coverage of Citius Pharmaceuticals (Nasdaq:CTXR) with a Buy recommendation with a price target of $6.00. Analyst Jason Kolbert sees the stock as low risk – high reward based on their two late stage therapeutics, Mino-Lok and LYMPHIR. He also notes that a planned IPO for LYMPHIR this summer, in addition to an early August PDUFA should be catalysts to unlock value for Citius.

Paid news dissemination for Citius Pharmaceuticals.

Read this article, featuring CTXR in full at: https://www.investorideas.com/news/2024/biotech/07171Undervalued-Biotech-Stocks.asp

Mino-Lok (MLT), a novel antibiotic lock solution that combines minocycline, ethanol and edetate disodium, is designed to treat patients with catheter-related blood stream infections. Citius licensed Mino-Lok from an affiliate of The University of Texas MD Anderson Cancer Center. Mino-Lok is designed to offer an alternative to removing and replacing a central venous catheter (CVC), which may lead to a reduction in serious adverse events and cost savings to the healthcare system. If approved, Mino-Lok would be the first and only FDA-approved treatment that salvages central venous catheters that cause central line-related blood stream infections.

LYMPHIR is a recombinant fusion protein that combines the interleukin-2 (IL-2) receptor binding domain with diphtheria toxin fragments. The agent specifically binds to IL-2 receptors on the cell surface, causing diphtheria toxin fragments that have entered cells to inhibit protein synthesis. In 2011 and 2013, the FDA granted orphan drug designation to LYMPHIR for the treatment of PTCL and CTCL, respectively. In 2021, denileukin diftitox received regulatory approval in Japan for the treatment of CTCL and peripheral T-cell lymphoma (PTCL). Subsequently in 2021, Citius acquired an exclusive license with rights to develop and commercialize LYMPHIR in all markets except for Japan and certain parts of Asia.

In recent news from the company, Leonard Mazur, Chairman and CEO of Citius stated, "Our solid execution since the beginning of the year sets us up for potentially transformative catalysts in the coming months. Mino-Lok's strong Phase 3 topline results support its potential to become part of the standard of care for treating catheter-related bloodstream infections. Mino-Lok would also have a first and only advantage in a market with no approved or investigational products for salvaging infected central venous catheters. For LYMPHIR™, the FDA is currently reviewing our Biologics License Application, with an expected decision on August 13th. We are preparing for near-term commercialization of LYMPHIR if approved. These near-term catalysts should enable the company to optimize its current cash runway, future cash needs, as well as create potential non-dilutive cash opportunities.”

In its most recent update, the company also discussed the pending IPO, reporting, “Citius plans to merge a wholly owned subsidiary with TenX Keane Acquisition (Nasdaq:TENK) to form publicly listed company, Citius Oncology, Inc. The transaction is pending review by the U.S. Securities and Exchange Commission (SEC) and TENK shareholder approval as well as contractual and customary closing conditions.”

Looking at some of Morningstar’s top biotech picks, they report, “These were the most undervalued biotech stocks that Morningstar’s analysts cover as of June 5, 2024: Intellia Therapeutics ,Crispr Therapeutics ,Royalty Pharma ,Jazz Pharmaceuticals, Moderna, Ionis Pharmaceuticals, and Incyte.

Jazz Pharmaceuticals (NASDAQ: JAZZ), with its diverse portfolio of marketed medicines, including leading therapies for sleep disorders and epilepsy, and a growing portfolio of cancer treatments made their list with them saying, ”Jazz Pharmaceuticals is next on our list of affordable biotech stocks. Strong commercial launches for several products have continued to be Jazz’s primary growth driver. Jazz Pharmaceuticals looks undervalued as it trades 44% below our fair value estimate of $187 per share...”

CRISPR Therapeutics AG (NASDAQ: CRSP), a biopharmaceutical company focused on creating transformative gene-based medicines for serious diseases, say it is “Among our best biotech stocks to buy now, Crispr proved most resistant to the recent industry volatility. The company continues to possess a sizable, mostly early-stage pipeline, and it invests heavily in research and development.”

CRISPR also made the Insider Monkey top ten biotech stocks list, which noted, “CRISPR Therapeutics AG (NASDAQ: CRSP) is one of the more revolutionary medical companies since it is one of the few and one of the earliest players in the genetic sequencing industry. Estimates suggest that the market for CRISPR gene editing technologies can grow at a compounded annual growth rate of 22.3% between 2022 and 2027 to be worth an estimated $9.2 billion at the end of the forecast period. CRISPR Therapeutics AG's revenue was $370 million in 2023, leaving it with quite a bit of room to grow. Key to CRISPR Therapeutics AG's success though is the broader biotechnology industry's ability to commercialize treatments with its technology. These led to royalty payments, and one such payment came in Q1 from pharma giant Vertex Pharmaceuticals. Vertex's Casgevy is one of the few sickle cell disease treatments in the world, and its maker paid CRISPR Therapeutics AG $170 million in 2023 as a milestone payment. CRISPR Therapeutics AG, is eligible for another $130 million, and will also receive royalties from future treatments developed with its technology.”

For investors getting a sense of the rankings, According to IBD, “The industry group has a Relative Strength Rating of 83, which has improved from 74 just a week ago, according to IBD Digital. This means the industry group now ranks in the top 17% of all industry groups in terms of 12-month performance.”

On June 11^th, IBD reported, “Krystal Biotech (NASDAQ:KRYS) stock cleared an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before.”

On June 20^th, TimesSquare Capital Management, an equity investment management company, released its ‘US Small Cap Growth Strategy’ first-quarter 2024 investor letter. TimesSquare Capital US Small Cap Growth Strategy highlighted stocks like Krystal Biotech, Inc. (NASDAQ: KRYS), in the first quarter 2024 investor letter. Krystal Biotech, Inc. is a commercial-stage biotechnology company that develops genetic medicines for patients with rare diseases. The one-month return of Krystal Biotech was 5.15%, and its shares gained 43.27% of their value over the last 52 weeks. On June 20, 2024, the stock closed at $171.21 per share with a market capitalization of $4.889 billion.

Krystal Biotech joined the S&P 600 Index on June 24^th.

Biotech stocks took center stage during Covid and as the sector continues to reinvent the future of health, they are still on the must watch list for analysts searching for an undervalued opportunity,

Research and find more biotech stocks at Investorideas.com

https://www.investorideas.com/BIS/Stock_List.asp

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Disclaimer/Disclosure: This news article featuring Citius Pharmaceuticals, Inc. (CTXR) a paid for news release creation and dissemination on Investorideas.com. Our site does not make recommendations for purchases or sale of stocks, services or products. This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services and prices on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Friday, July 12, 2024

Breaking Uranium Stock News - Pegasus Resources (TSXV: $PEGA.V) (OTC PINK: $SLTFF) Investor Update; @pegasusresinc

Breaking Uranium Stock News - Pegasus Resources (TSXV: $PEGA.V) (OTC PINK: $SLTFF) Investor Update; @pegasusresinc

Key Highlights:

Strategic Acquisition and Exploration Progress: The acquisition of the Jupiter Project, located just 3 km north of Energy Sands, completed on July 10, 2024, features over 100 historical drill holes. This positions Pegasus to rapidly advance toward developing a uranium resource estimate and to deepen our understanding of the area's potential.

Advancing Geological Understanding: Our 2024 exploration efforts began with a successful ground sampling program at Energy Sands in January, which demonstrated a favourable environment for uranium mineralization. Subsequent acquisition of historical drilling data and analysis by Dahrouge Geological Consulting USA Ltd. revealed trends indicative of paleochannel-hosted mineralization, refining our target areas for potential resource development.

Permitting and Preparations for Drilling: We have initiated the permitting process and submitted all necessary documents to commence a comprehensive summer drilling program at both projects, aiming to explore and expand known mineralization zones.

VANCOUVER, BC / July 12, 2024 / (Investorideas.com Newswire) Pegasus Resources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0) (the "Company" or "Pegasus") is excited to enter the third quarter of 2024 with significant developments in our exploration initiatives, particularly with the recent acquisition of the Jupiter Project and ongoing activities at our established Energy Sands project. As we advance these projects, we are positioned to significantly enhance shareholder value through strategic exploration and development.

"We are entering an exciting phase of exploration with the recent acquisition of the Jupiter Project and the work completed on the Energy Sands projects," stated Christian Timmins, CEO, "The strategic integration of these projects allows us to leverage extensive historical data and modern geological techniques to maximize our exploration potential. Our dedicated team is focused on advancing these projects rapidly, aiming to enhance our understanding of the mineral resources and expand our operational scope. With our upcoming drill program set to commence this summer, we are confident in our ability to deliver substantial value to our shareholders and reinforce Pegasus Resources' position as a leader in the uranium sector."

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of Pegasus Resources Inc.

Read this in full at https://www.investorideas.com/news/2024/07121PEGA-Investor-Update.asp

Figure 1: Utah Area Map

2024 Overview:

The year commenced with a successful ground sampling program at Energy Sands in Utah in January 2024. The significant results, announced on March 25, 2024, indicated a favourable environment for uranium mineralization. Following this, we added to our geological understanding by acquiring historical drilling data of the area, which further defined the area's potential. As detailed in our June 04, 2024 news release, analysis conducted by Dahrouge Geological Consulting USA Ltd. identified a trend indicative of paleochannel-hosted mineralization. This significant discovery, aligning with structural measurements and the identified mineralization trends, aids in targeting potential mineral-hosting paleochannels across the property. We have initiated the permitting process and have submitted all necessary documents to launch a summer drilling program.

Adding to our portfolio, the recent acquisition of the Jupiter Project (July 10, 2024), located 3 km north of Energy Sands, marks a pivotal expansion. Jupiter, boasting over 100 historical drill holes, is an exciting project that uniquely positions Pegasus to expedite the development of a uranium resource estimate. This strategic proximity to Energy Sands and Jupiter provides a significant opportunity for us to use the available historical drill logs and future company drilling programs to better understand the uranium mineralization in the area while looking to find the next discovery. The strategic significance of this acquisition is immense, and we are poised to begin work at Jupiter once we have secured the required permits and funding, and completed the tendering process to acquire the necessary equipment and crews for a summer drilling program, with expectations set on rapidly advancing our exploration and resource development objectives at Jupiter.

Exploration Update:

Jupiter Project: Our exploration approach at the Jupiter Project is comprehensive, involving the twinning of historical drill holes, detailed logging of old drill holes, and the identification of new drill targets. These efforts are crucial not only for expanding the known resource base but also for discovering new mineralization zones. We are developing a robust geological model for the Jupiter Project that will substantially enhance our resource development plans. Utilizing extensive historical drilling data, our goal is to refine our exploration strategies and produce a resource estimate that meets the current CIM Definition Standards on Mineral Resources and Mineral Reserves. The wealth of historical data available underscores the considerable potential for uranium mineralization, laying a strong foundation for our ongoing exploration efforts.

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 summer drilling program. This upcoming program is designed to build upon the insights gained from recent mapping conducted by Dahrouge Geological Consulting USA Ltd. 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.

Integrated Exploration Strategy: By synchronizing our exploration strategies at both Jupiter and Energy Sands, Pegasus Resources is effectively harnessing synergies between the two projects. This integrated approach not only streamlines our operational efforts but also enhances our ability to quickly adapt and respond to geological findings as they emerge. The proximity of Jupiter to Energy Sands offers unique opportunities for operational efficiencies and resource sharing, ensuring that our exploration programs are both cost-effective and strategically aligned.

Pine Channel: Located on the north side of the Athabasca Basin, Pine Channel is slated for a gravity survey this summer. This survey will enhance our understanding of the property and refine targets for future drilling operations. The gravity survey will play a crucial role in our strategic exploration efforts.

The company also announces an agreement with Fairfax Partners Inc. dated July 9th, which will provide social media marketing communication support for a two-month period for a fee of C$75,000 plus goods and services tax, then C$10,000 plus goods and service tax for the following 6 months. The services include content development, social media campaign and analytics. The total term of the Fairfax agreement is for a period of 8 months ending March 9th, 2025. Fairfax and its principals are arm's length to the company.

As we continue to advance our strategic projects, Pegasus Resources is uniquely positioned in the uranium sector to capitalize on both established and emerging opportunities. Our recent agreements and exploration advancements underscore our commitment to leading the industry in discovery and resource development. For more information and regular updates, investors are encouraged to visit our website or contact our investor relations team.

NI 43-101 Disclosure

The technical content of this news release has been reviewed and approved by Jacob Anderson, CPG, MAusIMM, who is a Resource Geologist for Dahrouge Geological Consulting USA Ltd., and a Qualified Person under National Instrument 43-101, who has prepared and/or reviewed the content of this press release.

About Pegasus Resources Inc.

Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on uranium, gold, and base metal properties in North America. The Company is also actively pursuing the right opportunity in other resources to enhance shareholder value. For additional information, please visit the Company at 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.

Forward Looking Statements

Statements included in this announcement, including statements concerning the Company's plans, intentions, and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements." Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

SOURCE: Pegasus Resources, Inc.

Pegasus Resources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0) is a featured mining stock on Investorideas.com

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June IPOs to Watch in Tech, Biotech, Automotive and Mining (Nasdaq: $LIF) (Nasdaq: $WAY) (Nasdaq: $GAUZ) (Nasdaq: $FLYE) (Nasdaq: $RAPP) (Nasdaq: $TEM) (TSXV: $ONAU.V)

June IPOs to Watch in Tech, Biotech, Automotive and Mining (Nasdaq: $LIF) (Nasdaq: $WAY) (Nasdaq: $GAUZ) (Nasdaq: $FLYE) (Nasdaq: $RAPP) (Nasdaq: $TEM) (TSXV: $ONAU.V)

July 12, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks – all recent IPO’s.

This month’s IPOs cover the tech, biotech, transportation and mining industry sectors.

Read this in full at https://www.investorideas.com/news/2024/main/07121Stocks.asp

Investor Ideas is always researching and searching for new stocks to add to our growing list of free stock directories. The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.”

New Stocks Added to the Tech Directories:

Life360, Inc. (Nasdaq:LIF) a family connection and safety company, keeps people close to the ones they love. The category-leading mobile app and Tile tracking devices empower members to stay connected to the people, pets, and things they care about most, with a range of services, including location sharing, safe driver reports, and crash detection with emergency dispatch. Life360 delivers peace of mind and enhances everyday family life in all the moments that matter, big and small.

Waystar Holding Corp. (Nasdaq:WAY) mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 18 of 22 institutions on the U.S. News Best Hospitals list. Waystar's enterprise-grade platform annually processes over 5 billion healthcare payment transactions, including over $1.2 trillion in annual gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities.

New Stocks Added to the Automotive/Transportation Directories:

Gauzy Ltd. (Nasdaq:GAUZ) is a fully-integrated light and vision control company, focused on the research, development, manufacturing, and marketing of vision and light control technologies that are developed to support safe, sustainable, comfortable, and agile user experiences across various industries. Headquartered in Tel Aviv, Israel, the Company has additional subsidiaries and entities based in Germany, France, the United States, Canada, China, Singapore, and Dubai. Gauzy serves leading brands in over 30 countries through direct fulfillment and a certified and trained distribution channel. Automotive grade LCG® smart glass technologies support glare mitigation, thermal comfort, interior protection, and transparent displays for an array of applications in passenger and commercial vehicles. Fully customized turn-key shading solutions provided as a Tier 1 with LCG® smart glass, or traditional shades supporting on demand cabin shading, ambiance, and cockpit shading for commercial and private jets.

Fly-E Group, Inc. (Nasdaq:FLYE) is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand “Fly E-Bike.” Our commitment is to encourage people to incorporate eco-friendly transportation into their active lifestyles, ultimately contributing towards building a more environmentally friendly future.

New Stocks Added to the Biotech Directories:

Rapport Therapeutics, Inc. (Nasdaq:RAPP) is a clinical-stage biotechnology company dedicated to discovering and developing transformational precision neuromedicines for patients suffering from central nervous system (CNS) disorders. The Company’s founders have made pioneering discoveries related to the function of receptor associated proteins (RAPs) in the brain. Their findings form the basis of Rapport’s RAP technology platform, which enables a differentiated approach to generate precision small molecule product candidates with the potential to overcome many limitations of conventional neurology drug discovery. Rapport’s precision neuroscience pipeline includes the Company’s lead clinical program, RAP-219, designed to achieve neuroanatomical specificity through its selective targeting of a RAP expressed in only discrete regions of the brain. The Company is currently advancing RAP-219 in clinical trials in focal epilepsy, peripheral neuropathic pain, and bipolar disorder. Additional preclinical and late-stage discovery stage programs are also underway, targeting CNS disorders including chronic pain and hearing disorders.

Tempus AI, Inc. (Nasdaq:TEM) is a technology company advancing precision medicine through the practical application of artificial intelligence in healthcare. With one of the world’s largest libraries of multimodal data, and an operating system to make that data accessible and useful, Tempus provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics. The goal is for each patient to benefit from the treatment of others who came before by providing physicians with tools that learn as the company gathers more data.

New Stocks Added to the Mining Directories:

OnGold Resources Ltd. (TSXV:ONAU) (formerly 1348515 B.C. Ltd.) is a reporting issuer in the provinces of British Columbia and Alberta with no current activities or operations. ONGold owns significant exploration assets in Northern Ontario, highlighted by the district-scale TPK Project and October Gold Project. These projects represent a strategic footprint in one of Canada's most prolific gold-producing regions.

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