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 518,000 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 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 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. and Azincourt Energy at the Preston and East Preston Projects, respectively, whereby Orano and Azincourt earned majority interests in the projects through exploration expenditures, cash payments and share issuances. Skyharbour also has six active earn-in option partners including: ASX-listed Valor Resources at the Hook Lake Uranium Project; CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at Yurchison Project; Yellow Rocks Energy, a private Australian entity, at the Wallee and Usam Island Projects; 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 $37 million in partner-funded exploration expenditures, over $28 million worth of shares being issued and over $19 million in potential cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

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 Co. Company Successfully Intersects Significant Uranium Mineralization

Skyharbour has announced drill results from the recently completed 9,600m drill program at the Russell Lake Uranium Project in Saskatchewan, as the uranium market continues to move higher. Read on to see why analysts like this company's stock.
Tags:  Uranium

Co. Drills Best Interval at U308 Project in Mining District

Research Report
The newly identified mineralization shows "all the hallmarks of an Athabasca-type uranium deposit," noted a Red Cloud Securities report.
Tags:  Uranium

Hedge Funds Betting Big On Uranium As Nuclear Energy Surges

Hedge funds are significantly increasing their exposure to uranium stocks, betting on major price gains as nuclear energy sees a global resurgence.
Tags:  Uranium

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

More Articles

Expert Comments:

Resource Stock Digest

"We're impressed with Skyharbour Resources Ltd.'s vast uranium property portfolio in the Athabasca, its partnerships with global uranium mining companies and its highly adept management team, starting with CEO Jordan Trimble. The company boasts a highly impressive amalgamation of talent, one we firmly believe has what it takes to get the job done for early Skyharbour shareholders."

Mike Fagan, Resource Stock Digest

"Skyharbour Resources Ltd. has announced that partner company Tisdale Clean Energy is planning an extensive preliminary drill program for early 2024 at the South Falcon East uranium project. . .the forthcoming program calls for approximately 2,000m of drilling with a focus on confirming and expanding known zones of mineralization ahead of an updated resource estimate and model."

headshot of David Talbot

David Talbot, Red Cloud Securities

"Skyharbour Resources Ltd. remains primarily focused on advancing its Russell Lake and Moore Lake projects, where its largest combined drilling and exploration program is expected over the coming year, including a resource estimate from Moore Lake. Additionally, planning is underway for a winter 2024 program focused on the alteration zone associated with the H and K zones at East Preston."

Mike Fagan, Resource Stock Digest

"Skyharbour Resources Ltd. has amassed an impressive portfolio of 24 uranium exploration projects, 10 of which are drill ready, covering over 1.2 million acres in and around the prolific Athabasca Basin. . .collectively, the company has inked earn-in option agreements with partners that total over $37M in partner-funded exploration expenditures, over $28M worth of shares being issued and over $19M in cash payments coming into Skyharbour."

headshot of David Talbot

David Talbot, Red Cloud Securities

"Skyharbour Resources Ltd.'s assays from the Grayling target returned the best interval to date at the Lake Russell property, grading 0.151% U3O8 over 5.9m. . .we believe this project shows great promise for a potential uranium discovery as initial drilling at Grayling seems to have tagged the periphery of a larger, higher-grade zone."

Mike Fagan, Resource Stock Digest

"Skyharbour Resources Ltd. entered an agreement with Tisdale Clean Energy, providing it the option to acquire an initial 51% interest in the South Falcon East property. Tisdale can earn up to 75% by issuing 1.1M shares, spending CA$10.5M on exploration and making cash payments totaling CA$11.1M."

More Expert Comments

Experts Following This Company

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Peter Epstein, CFA – Epstein Research
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Chen Lin What Is Chen Buying? What Is Chen Selling?
Clive Maund –
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Siddharth Rajeev, Analyst – Fundamental Research Corp.
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David Talbot, Analyst – Red Cloud Securities

Company News 

11/2/2023 – Five Ways to Invest in Rising Uranium Demand

11/2/2023 – Skyharbour Intersects Significant Uranium Mineralization in Inaugural Drill Program at the Russell Lake Project in Northern Saskatchewan and Announces Plans for a Follow-Up Winter Drill Program

11/1/2023 – Skyharbour Partner Company Tisdale Clean Energy Plans Exploration Program at the South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

10/31/2023 – Skyharbour's Partner Company North Shore Energy Metals Announces Closing of Qualifying Transaction and Proceeds With Option Agreement at South Falcon Project

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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2023/12/6 14:21:32


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Fundamental Research Corp.Siddharth Rajeev
Red Cloud SecuritiesDavid Talbot

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

*Share Structure as of 11/1/2023
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
Uranium market recovery continues gaining momentum
Formation of new JV’s and option partners - “Prospect Generator Model”