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 500,000 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 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.

Uranium Explorer Launching 10,000 Meter Drill Program

Skyharbour Resources Ltd. aims to position itself as a single-source provider for uranium exploration, drilling, and discovery. Its newly-initiated drill program is a step in that direction.
Tags:  Uranium

Resource Co. Completes 2022 Drilling and Receives US$895 Million

Canadian-based Skyharbour Resources has announced it plans to complete a 10,000m drill program at its Russell Lake property. It has also recently received US$895 million from the exercise of share purchase warrants. Read here to learn more about the project and where the company is headed for 2023.
Tags:  Uranium

Co. Secures Option to Acquire Its 15th Uranium Asset

Research Report
The mining firm plans to drill at this Athabasca Basin property this year, noted a Fundamental Research report.
Tags:  Uranium

Junior Picks Up Rio Tinto Uranium Project

Land position is often the key to not only finding an economic deposit but also ensuring that when you do, it’s all yours. One uranium explorer in the Athabasca Basin just added 732 sq. kilometers to its land package and is looking to dust off some old drill targets and expand its resource base.
Tags:  Uranium

Drills Turn As Uranium Prices Spike

Uranium explorers in Saskatchewan's Athabasca Basin have delivered a lot of shareholder value over the years with one simple formula for success: make a high-grade discovery during a period of robust uranium prices. With global energy supplies in question and uranium prices soaring, one junior is leveraging this formula to add pounds to an earlier discovery.

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Expert Comments:

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."

Mike Fagan, Resource Stock Digest

"Collectively, Skyharbour Resources Ltd. has option agreements with partners totaling over CA$34M in partner-funded exploration expenditures, over CA$22M in stock being issued, and just under CA$15M in cash payments coming in to the company, assuming its partners earn in the full amount at their respective uranium exploration projects. And that means plenty of news flow ahead in 2023, including forthcoming assays from Russell Lake and East Preston."

headshot of David Talbot

David Talbot, Red Cloud Securities

"Skyharbour Resources Ltd. is currently undertaking the following drill programs to advance its projects forward: 10,000m of drilling at Russell Lake; continued drilling at Moore with a focus on new/refined basement-hosted targets; other exploration and drilling programs by partners at secondary partners; and formation of new joint ventures/partnerships."

headshot of Siddharth Rajeev

Siddharth Rajeev, Fundamental Research Corp.

"Skyharbour Resources Inc. signed an agreement with Tisdale Clean Energy to option the South Falcon East property, Saskatchewan. Tisdale can acquire a 75% interest by spending $10.5M on exploration, issuing 1.11M shares and making additional cash/share payments of $11M, reflecting an implied valuation of $30M."

Siddharth Rajeev, Fundamental Research Corp.

"Skyharbour Resources Ltd. has expanded its uranium portfolio through an option to acquire the Russell Lake uranium project from Rio Tinto. . .the property, comprised of 26 claims covering 73,294 ha, is situated in the eastern portion of the Athabasca basin. . .Skyharbour can earn a 100% interest by paying approximately $37.5M (in cash or shares) and by spending $12M in exploration over several years."

More Expert Comments

Experts Following This Company

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

Company News 

5/31/2023 – Skyharbour Announces the Closing of its Acquisition of 100% of the South Dufferin Uranium Project from Denison Mines in the Athabasca Basin, Saskatchewan

5/30/2023 – Skyharbour Signs Option Agreement with North Shore Energy Metals for South Falcon Uranium Property in the Athabasca Basin, Canada

4/27/2023 – Skyharbour to Acquire 100% of South Dufferin Uranium Project from Denison Mines in the Athabasca Basin, Saskatchewan

4/17/2023 – Skyharbour Announces Strategic Property Staking with Addition of Eight New Properties bringing Total Portfolio to Over 490,000 Hectares in the Athabasca Basin, Saskatchewan

3/7/2023 – Skyharbour's Partner Company Basin Uranium Corp. Continues to Intersect Anomalous Uranium Mineralization at Mann Lake

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 Company Fact Sheet

2023/6/4 22:30:44


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Fundamental Research Corp.Siddharth Rajeev
Red Cloud SecuritiesDavid Talbot

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Streetwise - Skyharbour Resources Ltd. Ownership Overview*

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

*Share Structure as of 3/23/2023
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”