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SYH:TSX.V; SYHBF:OTCQB

Skyharbour Resources Ltd.

Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with five drill-ready projects. In July 2016, Skyharbour acquired an option from Denison Mines, a large strategic shareholder of the Company, to acquire 100% of the Moore Uranium Project which is located approx. 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 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. Skyharbour has signed option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and Azincourt can earn in up to 70% on the Preston Project through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares. Preston is a large, geologically prospective property proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit. The Company also owns a 100% interest in the Falcon Point Uranium Project on the eastern perimeter of the Basin which contains an NI 43-101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. The project also hosts a high-grade surface showing with up to 68% U3O8 in grab samples from a massive pitchblende vein, the source of which has yet to be discovered. The Company's 100% owned Mann Lake Uranium project on the east side of the Basin is strategically located adjacent to the Mann Lake Joint Venture operated by Cameco, where high-grade uranium mineralization was recently discovered. Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favorable jurisdictions.
SYH:TSX.V SYHBF:OTCQB

Expert Comments:

Skyharbour Resources is about to commence a drill campaign at the Moore Uranium Project following its recent winter program.
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headshot of Siddharth Rajeev

Siddharth Rajeev, Fundamental Research Corp.

(7/7/20)
"Skyharbour Resources Ltd. recently completed a 2,328m, six-hole drill program on its flagship Moore uranium project. . .hole 20-04, drilled 50m east of the previously defined Maverick East zone, intercepted 4.5m of 0.38% U3O8. . .as work is ongoing at all of the company's core properties, we expect a number of catalysts for Skyharbour's share price this year."

Gerardo Del Real, Junior Mining Monthly

(6/30/20)
"Skyharbour Resources Ltd. announced results from its 2020 winter-spring diamond drilling program at its 100%-owned, 35,705-hectare Moore uranium project. . .the highlight hole from the eight-hole program was ML20-04, which doubled the known strike extent of the Maverick East zone. The interval returned 4.5m of 0.38% U3O8 with a basal high grade basement intercept returning 0.5m of 1.43% U3O8."

Skyharbour Resources plans to follow up on the success of its recent drill program with another one commencing later this summer.
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headshot of Thibaut Lepouttre

Thibaut Lepouttre, Caesars Report

(6/23/20)
"Skyharbour Resources Ltd.'s hole 4 which was drilled the furthest to the east at the Moore uranium project was now successful in doubling the strike length of Maverick East to 100m. . .the company is now gearing up for a fully funded 2,500m summer drill program which will continue to drill test the high priority zones along the Maverick corridor with a specific focus on untested conductive corridors and underlying feeder zones."

Follow-up drilling by Skyharbour Resources' partner Azincourt Energy at the East Preston property is planned for summer/fall 2020.
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Thibaut Lepouttre, Caesars Report

(5/16/20)
"Skyharbour Resources Ltd. has closed a previously unannounced placement to raise CA$1.68M in a mix of hard dollars and flowthrough dollars which will further boost the company's cash and working capital position. About 5.36M hard dollar units were issued at CA$0.15 and 4.86M flowthrough units were issued at CA$0.18, with each unit consisting of one common share and a full warrant with a strike price of CA$0.22."

Fundamental Research Corp.

(4/20/20)
"Skyharbour Resources Ltd. and its partner have decided to extend the deadline for Azincourt Energy (to March 31, 2021) to meet the remaining obligations to acquire a 70% interest in the East Preston uranium project. . .in consideration for the extension, Azincourt has agreed to issue 2.5M shares each to Skyharbour and its partner."

Skyharbour Resources and Dixie Gold have extended the earn-in period for its East Preston uranium project located in the western Athabasca Basin to March 31, 2021.
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Peter Epstein
With the recent 22% rise in the price of uranium, Peter Epstein of Epstein Research considers the upside for Skyharbour's holdings in the Athabasca Basin.
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Gerardo del Real, Junior Mining Monthly

(3/31/20)
"One uranium company keeping busy is Skyharbour Resources Ltd. On March 9, 2020, it announced its option partner Orano Canada has commenced its exploration programs at the Preston uranium project. . .Skyharbour and Dixie Gold entered into an option agreement with Orano Canada whereby Orano Canada has an option to acquire up to a 70% working interest in the Preston uranium project."

The winter 2020 exploration program is to be conducted by Skyharbour Resources' option partner Orano Canada.
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Skyharbour Resources plans seven to nine diamond drill holes for its winter campaign.
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More Expert Comments

Experts Following This Company

headshot of Peter Epstein
Peter Epstein, CFA – Epstein Research
headshot of Maurice Jackson
Maurice Jackson, Founder – Proven and Probable
headshot of Thibaut Lepouttre
Thibaut Lepouttre, Editor Caesars Report
headshot of Siddharth Rajeev
Siddharth Rajeev, Analyst – Fundamental Research Corp.
Chris Thompson, Mining Analyst – PI Financial

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
Strong management and technical team with track record of success
 
Timing and an impending turnaround in the uranium market
 
Top tier Athabasca Basin uranium and thorium project portfolio with robust discovery potential
catalyst Calendar
Q4
2018
Pending drill program at Moore Lake
Q4
2018
Partner Funded exploration at Preston
Q4
2018
Resource Estimate on Moore Lake