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-nineprojects, 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 Skyharbour?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 Valor Resources at the Preston,East Preston and Hook Lake Projects, respectively, whereby Orano, Azincourt and Valor 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 $19 million in potential cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.
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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:

Field Campaign Underway at Uranium Exploration Co.'s JV Project

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Skyharbour Resources Ltd. announced that its joint venture (JV) partner, Orano, has started its comprehensive 2024 field campaign at the Preston uranium project in the western Athabascan basin. See why one analyst is bullish on this sector important to the clean energy transition.
Tags: Uranium

Uranium Explorer Stakes 5 New Projects

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Skyharbour Resources Ltd. announced it has added 64,267 hectares to its Athabasca Basin holdings through low-cost staking. Find out why analysts are rating this stock a Buy.
Tags:  Uranium

Drilling Equipment Mobilized to Uranium Project

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Tisdale Clean Energy Corp. has begun mobilizing for Phase 1 of its drill program on the South Falcon East uranium project. Read on to see what analysts have to say about this company's stock.
Tags:  Uranium

Three Glowing Uranium Stocks To Watch

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Streetwise Reports examines three uranium stocks while the market shows no signs of cooling off through 2025. Read on to see what experts expect in the wake of skyrocketing demand.
Tags:  Uranium

Uranium Exploration Company Plans Drilling in Athabasca Basin

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Skyharbour Resources Ltd. recently released drilling plans for the company's flagship Russell Lake and Moore uranium projects. See what analysts have to say about the company's stock as uranium prices gain momentum.
Tags:  Uranium

Uranium Co. Plans Extensive Drilling As Market Soars

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Azincourt Energy Corp. has announced is 2024 winter drilling program while the uranium prices break records. Read on to see what analysts are saying about this company's stock.
Tags:  Uranium

More Articles


Expert Comments:

SADIF Investment Analytics

(4/15/24)
"Skyharbour Resources Ltd.'s stock was upgraded to Above Average from Average. . .the company experienced a rise of 28.74% in its technicals. . .Skyharbour is a high quality company."

Fundamental Research Corp.

(4/8/24)
"Skyharbour Resources Ltd.'s partner company Tisdale Clean Energy completed two drill holes at the South Falcon East uranium project. . .Tisdale is awaiting results."

Fundamental Research Corp.

(3/25/24)
"Skyharbour Resources Ltd.'s partner North Shore Uranium identified elevated radioactivity in fault zones and alteration at the Falcon project. . .the maiden drill program intersected fault zones and alteration associated with uranium mineralization, at two out of three targets. North Shore is awaiting assay results."

Marcus Giannini, Haywood Securities

(3/14/24)
"The current drill program at Russell marks Skyharbour Resources Ltd.'s single largest, seasonal drill campaign to date. According to the company, it is fully funded and permitted for its current drill program and for follow-up drilling and other exploration programs later in 2024."

Mike Fagan, Resource Stock Digest

(3/14/24)
"Skyharbour Resources Ltd. has announced that partner company, North Shore Uranium, has commenced drilling at the Falcon uranium property. . .just to the east of the Falcon property, another one of Skyharbour's partner companies, Tisdale Clean Energy, has begun mobilization for its upcoming drill program at the South Falcon East uranium project."

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David Talbot, Red Cloud Securities

(3/4/24)
"At Skyharbour Resources Ltd.'s Moore Lake, the key area is the 4.7 km-long Maverick Corridor, where the company plans to expand the mineralized zones at Maverick Main and East. Upcoming catalysts include assays from winter drilling at Russell and Moore Lake (2024), initial mineral resource estimate at Moore Lake (2024) and exploration at secondary projects (2024)."

More Expert Comments

Experts Following This Company

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Michael Ballanger, Editor & Publisher – GGM Advisory Inc.
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
Clive Maund – CliveMaund.com
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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 

4/3/2024 – Skyharbour and JV Partner Orano Commence 2024 Exploration Programs at the Preston Uranium Project 

4/1/2024 – Skyharbour Partner Company Tisdale Clean Energy Completes First Two Drill Holes at the South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

3/20/2024 – Skyharbour's Partner Company North Shore Uranium Completes Maiden Drill Program and Identifies Elevated Radioactivity, Fault Zones and Alteration at Falcon Project

3/19/2024 – Skyharbour's Partner Azincourt Energy Begins Mobilizing for Winter Drill Program at East Preston Uranium Project

3/8/2024 – Skyharbour's Partner Company North Shore Uranium Commences Drill Program at Falcon Uranium Property

2/28/2024 – Skyharbour's Partner Company North Shore Uranium Provides Falcon Uranium Property Drill Program Update

2/27/2024 – Skyharbour Announces Additional Uranium Property Staking Increasing Total Property Portfolio to over 1.45 Million Acres in the Athabasca Basin, Saskatchewan

2/20/2024 – Skyharbour Partner Company Tisdale Clean Energy Mobilizes Crew and Equipment for Phase One Drill Program at the South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

2/15/2024 – Skyharbour's Partner Company Valor Resources Completes Earn-In of Interest and Forms Joint-Venture with Skyharbour at Hook Lake Uranium Project in the Athabasca Basin

2/8/2024 – Skyharbour Partner Company Tisdale Clean Energy Plans Initial Phase One Drill Program at the South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

1/30/2024 – Skyharbour Commences Diamond Drilling Campaign at its Russell Lake and Moore Uranium Projects, Saskatchewan

1/25/2024 – Skyharbour's Partner Azincourt Energy to Drill Test Clay Alteration at the East Preston Uranium 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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2024/4/24 18:19:05

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

Analyst coverage

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