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SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE

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-nine projects, ten of which are drill-ready, covering over 587,000 hectares of mineral claims. Skyharbour 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 including highlight drill results of 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 Skyharbours? srecently 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 the 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.

In addition to being a uranium exploration and early-stage development company focused on advancing its co-flagship Moore and Russell Lake Projects, Skyharbour also utilizes a prospect generator strategy by seeking partner companies to advance secondary projects, effectively acting as a uranium project incubator. Through earn-in option agreements, partner companies can acquire ownership interests in these projects by funding exploration and making cash and share payments to Skyharbour. The Company currently has joint-ventures with industry-leader Orano Canada Inc., Azincourt Energy and Thunderbird Resources (previously Valor) Resources at the Preston, East Preston and Hook Lake Projects, respectively, whereby Orano, Azincourt and Thunderbird earned majority interests in the projects through exploration expenditures, cash payments and share issuances. Skyharbour also has four active earn-in option partners including: CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at Yurchison Project; North Shore Energy Metals at the South Falcon Project; and CSE listed Tisdale Clean Energy at the South Falcon East Project which is host to the Fraser Lakes Zone B Uranium and Thorium Deposit (NI 43-101 inferred resource totalling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. ).

In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $33 million in partner-funded exploration expenditures, over $27 million worth of shares being issued and over $20 million in potential cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.
SYH:TSX.V SYHBF:OTCQX SC1P:FSE

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. Follows Discovery With More High-Grade Results

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Skyharbour Resources Ltd. announces results from the 2024 winter diamond drilling program at its Moore Lake uranium project in the Athabasca Basin of Saskatchewan. One analyst says the results will lay the groundwork for follow-up drilling this summer.
Tags: Uranium

5 Highlights of New Drill Results From U3O8 Project

Research Report
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The recent findings at this Athabasca Basin property include discovery of uranium mineralization in the sandstone unit, noted a Haywood Securities report.
Tags: Uranium

Uranium Co. Makes 'Breakthrough' Discovery at Athabasca Basin Project

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Skyharbour Resources Ltd. announced Tuesday that it had found the best intercept of uranium mineralization historically at its Russell Lake project. Find out why one analyst believes the impact of the recent discovery is positive for the project moving forward.
Tags: Uranium

Drilling at Prospective Asset Shows High-Grade U3O8

Research Report
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Given the positive results, follow-up drilling is planned for this summer, noted a Red Cloud Securities report.
Tags: Uranium

AI Data Centers, EVs to Lead New Surge in Energy Demand

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With Electric Vehicles (EVs) and a swarm of new products requiring more power, experts agree that a surge in demand is coming, and soon. Here are several companies that can get you exposure to this important and growing resource.

Uranium Co.'s Partner Completes Geophysical Work at JV Project

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Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE) announced that its joint venture (JV) partner Orano has completed its geophysical program at the Preston uranium project in the western Athabascan Basin. Discover why some experts are predicting that were still in the early innings of a bull market for this essential element used in nuclear energy production.
Tags: Uranium

More Articles


Expert Comments:

headshot of David Talbot

David Talbot, Red Cloud Securities

(7/12/24)
"All seven holes of the 2024 winter drill program, targeting the Main Maverick zone at Skyharbour Resources Ltd.'s Moore project, intersected significant sandstone-hosted uranium mineralization just above the unconformity and returned grades of up to 7.30% U3O8 over 3m (ML24-08). This is one of the better holes drilled to date and could help elevate the average grade of the zone slightly."

Marcus Giannini, Haywood Securities

(7/11/24)
"Assay results from Skyharbour Resources Ltd.'s 2024 winter drill program lend well to the overall grade profile at Moore as the company continues to see significant mineralization at relatively shallow depths. Further potential for expansion remains, as the extents of mineralization at the Main Maverick zone and Maverick East have yet to be defined and [mineralization] remains open along strike and at depth. "

Marcus Giannini, Haywood Securities

(7/9/24)
"Overall, Skyharbour Resources Ltd.'s exploration model has played out nicely given the recent mineralized intercept as the company hit its intended target and conductor with hole RSL24-02 [at Russell Lake]. In building out this target, Skyharbour is carrying out additional groundwork and geological modeling to further refine the target area in advance of its summer exploration program."

Marcus Giannini, Haywood Securities

(7/9/24)
"Skyharbour Resources Ltd.'s recently announced winter assay results are headlined by the occurrence of high-grade uranium mineralization within the Fork target, representing a novel frontier for uranium deposition within the Russell Lake property while also representing one of the best intercepts of mineralization historically on the property. . .this new zone, in conjunction with refined geophysical data and a renewed interpretation of the project's structural controls, should aid in vectoring in on a discovery of scale at Russell."

headshot of David Talbot

David Talbot, Red Cloud Securities

(7/9/24)
"Phase one drilling at Skyharbour Resources Ltd.'s 51%-owned Russell Lake uranium project discovered high-grade, sandstone-hosted, uranium mineralization at the Fork zone, returning up to 2.99% U3O8 over 0.5m at 338m depth. We view this discovery positively and believe that it represents a breakthrough for Russell Lake."

Marcus Giannini, Haywood Securities

(6/13/24)
"The current program at its Russell Lake uranium project is Skyharbour Resources Ltd.'s single largest, seasonal drill campaign to date. The company also plans on completing an additional 5,000m of drilling this summer, which is fully funded."

More Expert Comments

Experts Following This Company

headshot of Michael Ballanger
Michael Ballanger, Editor & Publisher – GGM Advisory Inc.
Jeff Clark, Analyst – TheGoldAdvisor.com
Marcus Giannini – Haywood Securities
Peter Krauth – Silver Stock Investor
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
Clive Maund – CliveMaund.com
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
headshot of Siddharth Rajeev
Siddharth Rajeev, Analyst – Fundamental Research Corp.
headshot of David Talbot
David Talbot, Analyst – Red Cloud Securities

Company News 

7/11/2024 – Skyharbour Intersects 7.30% U3O8 over 3.0m within 5.0m of 4.61% U3O8 at High-Grade Moore Project and Plans for Upcoming Fully-Funded Summer Drill Programs

7/9/2024 – Skyharbour Drills New Discovery at Russell Project with High-Grade Uranium Mineralization Up to 3.0% U3O8 at Newly Identified Fork Zone; Preparing for Fully-Funded Summer Drill Program

6/25/2024 – Skyharbour and JV Partner Orano Announce Completion of Geophysics and Upcoming Commencement of Field Program at Preston Uranium Project

5/28/2024 – Azincourt Energy Completes East Preston Winter Drill Program, Athabasca Basin, Saskatchewam

5/28/2024 – Skyharbour's Partner Azincourt Completes Winter Drill Program at East Preston Uranium Project

5/16/2024 – Skyharbour's Partner Company North Shore Uranium Reports Drill Results at the Falcon Project with Uranium Mineralization Confirmed at Two Targets

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.

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2024/7/17 15:38:26

(SYH:TSX.V - SYHBF:OTCQX - SC1P:FSE)

Analyst coverage

Haywood SecuritiesMarcus Giannini
Fundamental Research Corp.Siddharth Rajeev
Red Cloud SecuritiesDavid Talbot

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streetwise book logoStreetwise - Skyharbour Resources Ltd. Ownership Overview*

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

*Share Structure as of 4/4/2024
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
Q1
2024
Continued drilling at co-flagship Russell and Moore Lake projects
Q2
2024
Drilling and exploration programs to be carried out by partner companies
Q3
2024
Formation of new JV and option partners ? Prospect Generator Model
Q4
2024
Uranium market continues to gain momentum as nuclear energy acceptance grows