Uranium Exploration

On October 29, 2025, Pegasus Resources (TSXV:PEGA; OTCID:SLTFF; FSE:OQS2) announced the immediate resignation of Noah Komavli from its Board of Directors, reducing the board to three members. The company acknowledged Komavli’s contributions. This change may lead to increased agility but raises questions about strategic shifts and the Jupiter Uranium Project’s future. Investors are watching for a potential replacement and further strategic direction.

Azincourt Energy (AZURF) has commenced exploration at its Harrier Uranium Project in Labrador, Canada. The 49,400-hectare project features numerous uranium zones with high-grade surface samples (up to 7.48% U3O8). A helicopter-supported reconnaissance program is underway, focusing on the Snegamook Uranium Deposit, which has historical drilling showing wide uranium zones. The company plans an updated NI 43-101 resource estimate for 2026. With limited drilling to date, the project holds significant discovery potential, bordering Paladin Energy’s and Atha Energy’s projects.