Skyharbour Resources Ltd.

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well-positioned to benefit from improving uranium market fundamentals with twenty-four projects, ten of which are drill-ready, covering over 518,302 hectares of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced stage uranium exploration property with high grade uranium mineralization at the Maverick Zone with drill results returning up to 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to the Moore Uranium Project is Skyharbour's recently optioned Russell Lake Uranium Project from Rio Tinto, which hosts historical high-grade drill intercepts over a large property area with robust exploration upside potential. Skyharbour has the Option to acquire an initial 51% and up to 100% of Rio Tinto's 73,294 ha Russell Lake Uranium Property strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan. Skyharbour is actively advancing and drilling these projects with planned and ongoing exploration programs.

Skyharbour has a joint-venture with industry-leader Orano Canada Inc. at the Preston Project whereby Orano has earned a 51% interest in the project through exploration expenditures and cash payments. Skyharbour now owns a 24.5% interest in the Project.

Skyharbour also has a joint-venture with Azincourt Energy at the East Preston Project whereby Azincourt has earned a 70% interest in the project through exploration expenditures, cash payments and share issuance. Skyharbour now owns a 15% interest in the Project. Preston and East Preston are large, geologically prospective properties proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit.

Skyharbour has several active option partners including: ASX-listed Valor Resources on the Hook Lake Uranium Project whereby Valor can earn-in 80% of the project through CAD $3,500,000 in exploration expenditures, $475,000 in cash payments over three years and an initial share issuance; CSE-listed Basin Uranium Corp. on the Mann Lake Uranium Project whereby Basin Uranium can earn-in 75% of the project through $4,000,000 in exploration expenditures, $850,000 in cash payments as well as share issuances over three years; and CSE-listed Medaro Mining Corp. on the Yurchison Project whereby Medaro can earn-in an initial 70% of the project through $5,000,000 in exploration expenditures, $800,000 in cash payments as well as share issuances over three years followed by the option to acquire the remaining 30% of the project through a payment of $7,500,000 in cash and $7,500,000 worth of shares. More recently, Skyharbour announced three new earn-in option agreements with Yellow Rocks Energy, a private Australian entity, to option the Wallee and Usam Island projects, Tisdale Clean Energy at the South Falcon East Project, and North Shore Energy Metals at the South Falcon Project, bringing the total to eight partner companies.

Skyharbour Resources Ltd. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page. Please refer to the important disclosures below for additional details.

Recent Articles:

Uranium Exploration Company Receives $1.65 Million in Warrant Exercises

Skyharbour Resources has recently announced that it has received CA$1.65 million from the exercise of share purchase warrants. Read on to see how the company is preparing for future drilling as the uranium market continues to heat up.
Tags:  Uranium

Uranium Explorer Releases Encouraging Results

Skyharbours JV partner company Azincourt has released information about mineralization on the East Preston Uranium Project. Read more to learn about the positive results and how this will benefit future drilling on the project.
Tags:  Uranium

Uranium Co. Acquires New Claims as World Looks for New Uranium Sources

Skyharbour Resources has acquired new claims while the market for uranium is more bullish than ever. Read on to see what expected value the new claims will bring to the company.
Tags:  Uranium

Uranium Stock Looking Attractive Here

Contributed Opinion
Technical Analyst Clive Maund takes a look at Skyharbour Resources Ltd.'s 3-month and 5-year charts to tell you why he believes it is a Buy.
Tags:  Uranium

Uranium Co. Completes New Acquisition of Strategic Project in the Athabasca Basin

Recently, Skyharbour Resources Ltd. announced it had completed its acquisition of the 12,282-hectare South Dufferin Uranium project from Denison Mines Corp. Read to see what catalysts Skyharbour has up-and-coming and what experts are saying about this resource company.
Tags:  Uranium

Uranium Co. Reaches for the Sky Amid Russian Withdrawal

Skyharbour Resources Ltd has added eight new uranium projects to its portfolio in the midst of a looming global shortage. Click here to see how Skyharbour is taking advantage of global opportunities.

More Articles

Expert Comments:

Clive Maund,

"Skyharbour Resources Ltd.'s small head-and-shoulders bottom that appeared to be completing in mid-late July has morphed a little into what now looks like a cup base. With the volume pattern continuing positive and accumulation strong, the company still looks like it is good for an advance soon away from the strong long-term support that has underpinned the price in the recent past. . .Skyharbour continues to look like a Buy here."

Clive Maund,

"Skyharbour Resources Ltd. looks like it will make worthwhile gains over the short to medium term because the stock is set to break out of a small head-and-shoulders bottom that is near completion. . .when the company does break out, it is thought likely that it will run quite quickly at the next significant resistance level shown in the CA$0.42 area. . .Skyharbour is therefore rated a Buy here."

headshot of David Talbot

David Talbot, Red Cloud Securities

"Skyharbour Resources Ltd. is one of our Q2/23 Top Picks among uranium explorers. Our rating on the company is Buy (Speculative)."

headshot of Siddharth Rajeev

Siddharth Rajeev, Fundamental Research Corp.

"Skyharbour Resources Ltd. has expanded its portfolio by acquiring/staking nine uranium properties, including a property from Denison Mines. Currently, Skyharbour's land package consists of 504,000 hectares across 24 properties, representing one of the largest portfolios among uranium juniors in Canada."

headshot of David Talbot

David Talbot, Red Cloud Securities

"We like the business model of Skyharbour Resources Ltd., from which we expect a resource update shortly. . .the company is one of our Top Picks in uranium."

Mike Fagan, Resource Stock Digest

"Skyharbour Resources Ltd. has acquired 100% of the South Dufferin uranium project. . .as part of the transaction, longtime strategic partner Denison Mines has effectively increased its investment in the company. . .the acquisition brings Skyharbour's total land package in the Athabasca Basin region to about 500,000 hectares (5,000 sq km) across 24 100%-owned and partner-funded uranium projects."

More Expert Comments

Experts Following This Company

headshot of Peter Epstein
Peter Epstein, CFA – Epstein Research
Clive Maund –
headshot of Siddharth Rajeev
Siddharth Rajeev, Analyst – Fundamental Research Corp.
headshot of David Talbot
David Talbot, Analyst – Red Cloud Securities

Company News 

8/1/2023 – Skyharbour Announces Additional Uranium Property Staking Increasing Total Portfolio to Over 518,000 Hectares in the Athabasca Basin, Saskatchewan

Important Disclosures
Skyharbour Resources Ltd. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

streetwise book logo Streetwise Company Fact Sheet

2023/9/24 13:31:32


Analyst coverage

Fundamental Research Corp.Siddharth Rajeev
Red Cloud SecuritiesDavid Talbot

Newsletter coverage

Company News

View Latest News

Streetwise Reports Articles

08/23/2023 - View Article
08/21/2023 - View Article
08/07/2023 - View Article
07/31/2023 - View Article
06/13/2023 - View Article

streetwise book logoStreetwise - Skyharbour Resources Ltd. Ownership Overview*

Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE)

*Share Structure as of 8/21/2023
Investing Highlights
Top tier Athabasca Basin uranium project portfolio including high-grade flagship Moore project and recently optioned Russell Lake project from Rio Tinto, both with robust discovery potential
Focused exploration and drilling to unlock value through new discoveries and resource expansion at primary projects; utilizing the prospect generator and JV model to advance secondary projects
Strong management and geological team with expertise in the Basin and a track record of success; strategic partnerships with Denison, Orano and Rio Tinto
catalyst Calendar
JV’s and option partner companies funding exploration and drilling at secondary projects
Uranium market recovery continues gaining momentum
Formation of new JV’s and option partners - “Prospect Generator Model”
Skyharbour Resources Ltd. Content