Skyharbour Resources

Overview

Industry experts expect uranium prices to rise and the nuclear industry resurgence to start accelerating as uranium continues to play an integral role in the generation of clean, base-load, affordable and reliable energy, globally. Despite a predicted demand for uranium topping 185 million pounds in 2021, a major supply-side response has played out in recent years and supply deficits have continued to grow. As uranium is needed for nuclear power, exploration and development companies focused on uranium-based assets could benefit significantly in the coming years as renewed investor interest comes back to the sector.

Skyharbour Resources (TSXV: SYH, OTCQX: SYHBF, FWB: SC1P) is a mineral exploration company that holds an extensive portfolio of uranium and thorium projects in Canada’s Athabasca Basin, and is well-positioned to benefit from improving uranium market fundamentals with 460,000 hectares of drill-ready land consisting a total of 18 projects, 10 of which are drill-ready. The company has acquired from Denison Mines, a large strategic shareholder of the company, a 100 percent interest in the Moore Uranium Project located 15 kilometers east of Denison’s Wheeler River project and 39 kilometers 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 percent uranium oxide over 5.9 meters including 20.8 percent uranium oxide over 1.5 meters at a vertical depth of 265 meters. 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 percent and up to 100 percent of Rio Tinto’s 73,294-hectare 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 offering investors exposure to high-grade uranium discovery potential at its flagship Moore Project, Skyharbour leverages its property portfolio using the prospect generator model and has partner companies fund exploration and development at its other projects. It is a cost-effective model that facilitates large exploration programs without substantial equity dilution.

The Athabasca Basin hosts the highest-grade uranium deposits in the world and has historically accounted for 15 to 20 percent of annual global uranium production. Using modern exploration techniques and methodologies, Skyharbour is looking to emulate recent discovery success stories that have created significant returns for shareholders, including those made by NexGen Energy (TSX: NXE), Fission Uranium (TSX:FCU), Alpha Minerals, Denison Mines (TSX:DML), and Hathor Exploration.

In September 2021, Skyharbour announced the initial set of diamond drill results from its 2021 summer diamond drilling program at its 100 percent owned, 35,705-hectare Moore Uranium Project. The summer/fall 2021 program included 6,598 meters in 19 holes and returned highlights of 2.54 percent uranium oxide over 6 meters including 6.80 percent uranium oxide over 2 meters in basement rocks at Maverick East Zone as well as 0.54 percent uranium oxide over 19.5 meters including 4 meters of 2.07 percent uranium oxide.

Currently, Skyharbour has joint venture agreements with Orano Canada Inc. (industry-leader and France’s largest uranium mining and nuclear fuel cycle company) and Azincourt Energy Corp. (TSXV:AAZ; OTC:AZURF) on the Preston and East Preston Projects, respectively, which collectively cover one of the largest land positions in the Paterson Lake region. Orano recently became a 51 percent joint venture partner with Skyharbour and Dixie Gold after completing an earn-in option at the 49,645-hectare Preston Project by funding exploration and making cash payments. Meanwhile, Azincourt recently earned a 70 percent stake in the 20,647-hectare East Preston Project by issuing shares, spending $2.5 million on exploration, and paying $1 million in cash to Skyharbour and Dixie Gold. Azincourt Energy recently completed its winter 2022 exploration program at the East Preston Uranium project which consisted of 5,004 meters of drilling in 19 drill holes, with an extensive fall/winter 2022-23 program planned which will consist of 5,000 meters of drilling in 20+ drill holes.

Skyharbour has signed a definitive agreement with ASX-listed Valor Resources on its Hook Lake Uranium Project (previously called North Falcon Point). Under the agreement, Valor can earn-in 80 percent of the project by spending $3.5 million on exploration and making $475,000 in cash payments over three years, as well as issuing 233,333,333 million shares to Skyharbour. Valor Resources completed a 1,757-meter diamond drilling program in six holes at the Hook Lake Uranium Project and commenced an airborne gravity survey in May 2022. In addition, Skyharbour has an active partnership with CSE-listed Basin Uranium Corp. on the Mann Lake Uranium Project whereby Basin Uranium can earn-in 75 percent of the project through $4 million 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 percent of the project through $5 million 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 percent of the project through a payment of $7.5 million in cash and $7.5 million worth of shares.

More recently, Skyharbour announced two new earn-in option agreements with Yellow Rocks Energy, a private Australian entity, to option the Wallee and Usam Island projects, and Tisdale Clean Energy at the South Falcon East Project, bringing the total to seven partner companies.

With these various earn-in option agreements and joint venture partnerships, Skyharbour can expect more than $34 million in exploration expenditures, over $20 million in stock and around $15 million in cash payments made to the company, assuming the partner companies earn-in at their respective projects.

A world-class management and geological team lead Skyharbour Resource. The team brings years of expertise in uranium exploration, energy industries, corporate finance and capital markets. The company is well-positioned to capitalize on the uranium market’s resurgence with strong potential for resource growth and new discoveries at its project base. 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.

Company Highlights

• Over 460,000 hectares of land made up of 18 projects, 10 of which are drill ready
• Flagship project, Moore Uranium Project, is an advanced-stage uranium exploration property that Skyharbour has a 100 percent interest in with high-grade uranium mineralization at the Maverick Zone that returned drill results of up to 6 percent uranium oxide over 5.9 meters including 20.8 percent uranium oxide over 1.5 meters at a vertical depth of 265 meters
• Skyharbour also has a 100 percent interest in the South Falcon Point Uranium Project which contains a NI 43-101 inferred resource totalling 7 million pounds of uranium oxide at 0.03 percent and 5.3 million pounds of thorium dioxide at 0.023 percent; recently granted Tisdale Clean Energy an option to acquire up to a 75 percent interest in a portion of the project in exchange for funding a significant amount of exploration, as well as cash and share payments
• Skyharbour recently acquired the 73,294-hectare Russell Lake Uranium Project from Rio Tinto, which is a prospective exploration property strategically situated between the company’s Moore Uranium project (to the east) and Denison Mines’ Wheeler River project (to the west) in the eastern portion of the Athabasca Basin
• Joint venture with Orano Canada at the Preston Project. Orano successfully earned-in a 51 percent interest in the project by spending C$4.8 million in exploration costs and making cash payments totalling C$100,000
• Another joint-venture was completed with Azincourt Energy at the East Preston Uranium Project. Azincourt earned-in a 70 percent interest by spending C$2.5 million on exploration, a cash payment of C$500,000 and issuing 4.5 million shares
• Skyharbour has five active earn-in option agreements with Valor Resources, Basin Uranium, Medaro Mining, Yellow Rocks Energy, and Tisdale Clean Energy, at the Hook Lake, Mann Lake, Yurchison, Wallee & Usam, and South Falcon East Projects, respectively

• The signed option agreements and joint-ventures are worth C$34 million in exploration expenditures and C$14.5 million in cash payments

• Skyharbour has a notable shareholder base including Denison Mines Corp (TSX: DML; NYSE:DNN), Sprott Uranium Miners ETF (URNM) ETF, Global X Uranium ETF (URA), Horizons Global Uranium Index ETF (HURA), Sprott Junior Uranium Miners ETF (URNJ) and significant insider purchasing such as David Cates (director) recently adding 600,000 of SYH to his portfolio

• Led by a strong management team including:
  • Jordan Trimble, president & CEO – led corporate development for Bayfield Ventures during its acquisition by New Gold (TSX:NGD)
  • Jim Pettit, director & chairman of the board – over 30 years of experience within the industry specializing in finance, corporate governance and management
  • David Cates, director – current CEO & president of Denison Mines (TSX:DML, NYSE:DNN)
  • Andrew J. Ramcharan, senior VP corporate development - extensive background in corporate development, mining and exploration, project evaluation, and investment banking spanning over 20 years
• Five exploration/drill programs recently completed by Skyharbour and partner companies with plans of more programs set to commence in early 2023
• Skyharbour will continue to execute on its prospect generator model by acquiring projects at attractive valuations and forming joint-ventures to advance the secondary projects

Key Projects

Moore Project

Skyharbour owns 100 percent of the 35,705-hectare Moore Uranium Project located 42 kilometers northeast of the Key Lake mill, approx. 15 kilometers east of Denison’s Wheeler River project, and 39 kilometers south of Cameco’s McArthur River mine. Unconformity-hosted uranium mineralization was discovered on the property at the Maverick Zone in the early 2000’s at relatively shallow depths. Skyharbour has carried out several drill programs with multiple holes intersecting high-grade uranium mineralization over the 4.7-kilometer long Maverick corridor.

Drill results include 20.8 percent uranium oxide over 1.5 meters at 264 meters depth in hole ML-199, 9.12 percent uranium oxide over 1.4 meters at 278 meters in hole ML-202 and 5.29 percent over 2.5 meters uranium oxide at 279 meters depth in hole ML-200. Hole ML-202 represents a new high-grade discovery and illustrates the strong discovery potential of additional high-grade lenses along strike. The company is planning additional drill programs to expand the known high-grade Maverick Zone and to test basement-hosted targets as well as regional targets.

The depth to the unconformity on the property is relatively shallow, with the thickness of the sandstone cover varying from less than 125 meters on the property’s eastern side to over 325 meters on the property’s northwestern side. Basement rocks are predominantly paragneisses belonging to the Wollaston Domain. A large mafic sill known as the “Moore Lake complex” partially overlies a portion of the eastern side of the property. The property has been the subject of extensive historical exploration with over $45 million in expenditures, and over 150,000 meters of diamond drilling completed in over 390 drill holes. The project is accessible via ice roads from the McArthur River mine haul road and float or ski equipped aircraft.

Skyharbour recently completed the 2022 winter drill program consisting of a minimum 2,500 meters, which intersected additional uranium mineralization at the project.

The drilling focused on both unconformity and basement-hosted targets along the Maverick structural corridor and new targets identified in the Grid Nineteen area. Skyharbour specifically plans to expand the high-grade mineralization discovered recently at the Maverick East zone, along strike, down plunge and at depth with a focus on basement-hosted mineralization. Other targets along the 4.7-kilometer long Maverick structural corridor will be investigated, including the Esker target, again with a focus on basement-hosted mineralization.

Russell Lake Project

The Russell Lake Project is a large, advanced-stage uranium exploration property totalling 73,294 hectares strategically located between Cameco’s Key Lake and McArthur River Projects and adjoining Denison’s Wheeler River Project to the west and Skyharbour’s Moore Uranium Project to the east. Highway 914, which services the McArthur River mine, runs through the western extent of the property and greatly enhances accessibility. Similarly, a high-voltage powerline is situated alongside Highway 914. Skyharbour’s acquisition of Russell Lake creates a large, nearly contiguous block of highly prospective uranium claims totalling 108,999 hectares between the Russell Lake and the Moore uranium projects.

There has been a meaningful amount of historical exploration carried out at Russell Lake but with most of it conducted prior to 2010. The property has been the subject of more than 95,000 meters of drilling in more than 230 drill holes.

Several notable exploration targets exist on the property including the Grayling Zone, the M-Zone Extension target, the Little Man Lake target, the Christie Lake target, and the Fox Lake Trail target. More than 35 kilometers of largely untested prospective conductors in areas of low magnetic intensity exist on the property as well.

Skyharbour, as operator, can earn an initial 51 percent interest in the property by paying C$508,200 in cash, issuing 3,584,014 common shares to RTEC, and funding C5,717,250 in exploration on the project, inclusive of a 10 percent management fee to Skyharbour, over a period of three years.

Skyharbour has a second option to earn an additional 19 percent interest for a total of 70 percent, and a further possible option to obtain the remaining 30 percent interest in the project for an undivided 100 percent ownership interest.

Skyharbour recently announced the commencement of a fully funded 10,000 meter diamond drilling campaign over three phases to be completed by September of 2023 at the project, with the first phase consisting of 3,000 meters to follow up on notable historic exploration and findings, as well as to test additional targets with the potential to generate new discoveries.

Preston Project

The Preston project is a large 49,635-hectare (122,651 acre) land position strategically located to the south of and proximal to NexGen Energy’s Rook 1 project host to the high-grade Arrow deposit, as well as proximal to Fission Uranium’s (TSX:FCU) Patterson Lake South (PLS) project host to the high-grade Triple R deposit. Uranium mineralization in the Patterson Lake area bears a number of similarities to the high-grade uranium deposits in the Eastern part of the Athabasca Basin, like those at the Cigar Lake and McArthur River mines. The mineralization occurs in structurally disrupted and strongly clay altered, commonly graphitic pelites and metapelites with narrow felsic segregations/pegmatites.

The Preston Uranium Property is bisected by the all-weather Highway 955, which runs north through the PLS discovery being advanced by Fission through to the former Cluff Lake uranium mine. More than $7 million in historical exploration expenditures on the Preston Project have been incurred to date. This exploration has consisted of ground gravity, airborne and ground electromagnetics, radon, soil, silt, biogeochem, lake sediment, and geological mapping surveys, as well as several exploratory drill programs. Several high-priority drill target areas associated with multiple prospective exploration corridors have been successfully delineated through this methodical, multiphased exploration initiative, which has culminated in an extensive, proprietary geological database for the project area.

Orano Canada has now earned 51 percent of the project through $4.8 million in exploration expenditures as well as cash payments. Skyharbour retains a 24.5 percent minority interest in the project.

East Preston Project

The East Preston project is a large 20,647-hectare (51,020 acre) land position strategically located proximal to NexGen Energy’s Rook 1 project host to the high grade Arrow deposit, as well as proximal to Fission Uranium’s (TSX: FCU) PLS project host to the high-grade Triple R deposit. Uranium mineralization in the Patterson Lake area bears a number of similarities to the high-grade uranium deposits in the Eastern part of the Athabasca Basin like those at the Cigar Lake and McArthur River mines. The mineralization occurs in structurally disrupted and strongly clay altered, commonly graphitic pelites and metapelites with narrow felsic segregations/pegmatites.

More than $5 million in historical exploration expenditures on the Preston Uranium Project have been incurred to date. This exploration has consisted of ground gravity, airborne and ground electromagnetics, radon, soil, silt, biogeochem, lake sediment, and geological mapping surveys, as well as several exploratory drill programs. Several high-priority drill target areas associated with multiple prospective exploration corridors have been successfully delineated through this methodical, multiphased exploration initiative, which has culminated in an extensive, proprietary geological database for the project area.

Azincourt Energy has now earned 70 percent of the project by issuing shares, spending $2.5 million on exploration, and paying $1 million in cash to Skyharbour and Dixie Gold. Skyharbour retains a 15 percent minority interest in the project.

Azincourt recently completed drilling for the 2022 winter season at the East Preston Project, resulting in 5,004.5 meters completed in 19 drill holes with results showing uranium enrichment within the previously identified alteration zones along the G-, K, and H- target zones. An extensive winter 2023 drill program is underway. The program will consist of approximately 5,000 meters of drilling in 20+ diamond drill holes, and the priority will be to continue to evaluate the alteration zones and elevated uranium values identified in the winter of 2022.

North Falcon Point Project (Hook Lake)

The North Falcon Point (Hook Lake) project consists of 16 contiguous mineral claims totaling 25,847 hectares. The property has seen extensive historical work, which advantageously allows for fast-tracked exploration. Uranium mineralization discovered to date at the Hook Lake Project is shallow and is characterized by structurally controlled mineralization at the Hook Lake, West Way and Nob Hill target zones. The primary Hook Lake target area at the property’s north end has returned high-grade uranium grab samples of up to 68 percent uranium in massive pitchblende veining at surface level.

Skyharbour recently announced a definitive agreement signed with ASX-listed Valor Resources whereby Valor can earn-in 80 percent of the project by contributing cash and exploration expenditures consideration totaling C$3,975,000 over a three-year period ($475,000 will be in cash payments to Skyharbour as well as $3.5 million in exploration expenditures) as well as issuing a total of 233,333,333 shares to Skyharbour.

The project area is in close proximity to all-weather northern highways and grid power. Historical exploration has consisted of airborne and ground geophysics, multi-phased diamond drill campaigns, detailed geochemical sampling and surveys, and ground-based prospecting culminating in an extensive geological database for the project area. Compilation and reinterpretation of previous exploration work results are already underway. An initial phase of exploration work by Valor Resources includes further bio-geochemical surveys, detailed UAV magnetics, ground gravity and resistivity surveys as well as detailed geological and structural mapping. A 1,757-meter diamond drilling program has been completed at the project to test the extent of uranium mineralisation at the S-Zone, which included up to 59.2 percent uranium oxide in rock chip samples at surface. Assays are currently pending for the program with an airborne gravity survey underway with plans for additional drilling.

South Falcon Project

The South Falcon project totals 32,235 hectares covering nine claims and is strategically located 50 kilometers east of the Key Lake mine. Uranium mineralization discovered to date at South Falcon Point is shallow and is hosted in two geological settings, with the southern half hosting classic Athabasca-style basement mineralization associated with well-developed EM conductors which include EWA and Walker targets. Historical exploration has consisted of airborne and ground geophysics, multi-phased diamond drill campaigns, detailed geochemical sampling and surveys, and ground-based prospecting culminating in an extensive geological database for the project area. The project area is in close proximity to two all-weather northern highways and grid power.

South Falcon East Project

The South Falcon East Project is a uranium project in the southeast Athabasca Basin and represents a portion of Skyharbour’s larger South Falcon Project. The project covers approximately 12,464 hectares and lies 18 kilometers outside the Athabasca Basin, approximately 55 kilometers east of the Key Lake Mine. Drilling to date on the entire Falcon Point Project area totals over 22,000 meters in more than 110 holes. Over $15 million has been invested in exploration consisting of airborne and ground geophysics, multi-phased diamond drill campaigns, detailed geochemical sampling and surveys, and ground-based prospecting culminating in an extensive geological database for the project area. The project area is in close proximity to two all-weather northern highways and grid power.

Historical exploration at the South Falcon East Project identified an area of U-Th-REE mineralization at the Fraser Lakes Zone B over an area comprising 1.5 kilometers by 0.5 kilometers along an antiformal fold nose cut by an east-west dextral ductile-brittle cross-structure adjacent to a 65-kilometer long EM conductor. The near-surface Fraser Lakes Zone B deposit consists of a current NI 43-101 inferred resource totaling 7 million pounds of uranium oxide at 0.03 percent and 5.3 million pounds of thorium dioxide at 0.023 percent within 10,354,926 tonnes using a cut-off grade of 0.01 percent uranium oxide.

Skyharbour recently entered into an option agreement with Tisdale Clean Energy Corp., which provides Tisdale an earn-in option to acquire an initial 51 percent interest and up to a 75 percent interest in the property.

Yurchison Project

The Yurchison Project consists of 11 claims totalling 55,934 hectares in the Wollaston Domain of northern Saskatchewan, Canada. This contiguous set of claims covers an extensive package of Wollaston Supergroup metasediments in an area known for its base metal potential. The northeastern half of the project falls within the Courtenay Lake-Cairns Lake fold belt, which contains numerous lead-zinc-silver showings while the remainder is along trend to the north-northeast of the Janice Lake copper deposit and numerous other base metal showings in the “Wollaston Copperbelt”. Access to the area is enhanced by Highway 905 which transects the property near Courtney Lake. A planned all-weather road between Highway 905 and the communities of Wollaston Lake and Hatchet Lake is proposed adjacent to the northeastern section of the claims. It is unknown when the project will be completed, but once in place it will significantly improve logistics for the project. Grid power is used to service a motel, restaurant and a gas bar located at km 147 of Highway 905, a few kilometers north of Courtenay Lake.

In November 2021, Skyharbour signed an option agreement with Medaro Mining Corp., which provides Medaro an earn-in option to acquire an initial 70 percent interest and up to a 100 percent interest in the Yurchison Uranium Property.

Pursuant to the agreement, Medaro may acquire an initial 70 percent interest in the property by issuing common shares of Medaro having an aggregate value of C$3 million; making aggregate cash payments of C$800,000; and incurring an aggregate of C$5 million in exploration expenditures on the property over a three-year period.

Mann Lake Project

The 3,473-hectare (8,582 acre) Mann Lake Uranium Project is located in the eastern Athabasca Basin in northern Saskatchewan. It is strategically located 25 kilometers southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 kilometers to the northeast along strike of Cameco's Millennium uranium deposit. In October 2021, the company entered into an option agreement with Basin Uranium Corp which provides them an earn-in option to acquire up to a 75 percent interest in the Mann Lake Uranium Project.

Under the option agreement, Basin Uranium Corp will contribute cash and exploration expenditure consideration totaling C$4.85 million over a three-year period (project consideration). Of the project consideration, $850,000 will be in cash payments to Skyharbour and $4 million will be in exploration expenditures on the project. Basin Uranium Corp will also issue to Skyharbour the equivalent value of C$1.75 million in shares of the company over the three-year earn-in period to complete the earn-in.

Basin Uranium Corp. recently completed its phase 1 2022 drill program at its Mann Lake project located 25 kilometers southwest of the McArthur River Mine and 15 kilometers to the northeast along strike of Cameco’s Millennium uranium deposit. The phase one program consisted of five holes totalling 3,503 meters with the unconformity being intersected between 608 meters to 651 meters in all holes. This was the first significant drill program undertaken on the property since 2007.

The second phase of drilling is planned for the fall of this year and will consist of approximately 3,500 meters. Results from both the phase 1 drill program and upcoming geophysical surveys at Mann Lake will be used for targeting and follow-up in the second phase.

Management Team

Jordan Trimble - Director, President and CEO

Jordan Trimble is an entrepreneur and has worked in the resource industry in various roles with numerous companies specializing in management, corporate finance and strategy, shareholder communications, deal structuring and capital raising. Previous to Skyharbour, he was the corporate development manager for Bayfield Ventures, a gold company with projects in Ontario, which New Gold successfully acquired in 2014. Throughout his career, Trimble has founded and helped manage several public and private companies and has been instrumental in raising substantial capital for mining companies with his extensive network of institutional and retail investors. He is a frequent speaker at resource and mining conferences globally and has appeared on various media outlets, including BNN and the Financial Post. Trimble holds a Bachelor of Science from the University of British Columbia. He is a CFA charterholder and served a full term as a director of the CFA Society Vancouver.

James G. Pettit - Director & Chairman of the Board

Jim Pettit is currently serving as a director on the boards of several public resource companies. He offers over 30 years of experience within the industry specializing in finance, corporate governance, management and compliance. Pettit specializes in the early stage development of private and public companies. His background over the past 30 years has been focused primarily within the resource sector and he was previously chairman and CEO of Bayfield Ventures, which was sold to New Gold in 2014.

Dr. Andrew J. Ramcharan - Senior Vice-president of Corporate Development

Dr. Andrew Ramcharan has an extensive background in corporate development, mining and exploration, project evaluation, and investment banking spanning over twenty years. Previously, as manager of corporate development for IAMGOLD, Ramcharan was involved in raising more than $600 million in equity financings and worked on project acquisitions totalling over $800 million. Prior to that, he was at SRK Consulting for several years and worked with uranium companies including SXR Uranium One, Ur-Energy and UraMin, which eventually sold for $2.5 billion in 2007 to Areva.

David Cates - Director

David Cates is a director of Skyharbour. He is the president and CEO of Denison Mines (TSX: DML) and Uranium Participation Corp (TSX: U). Prior to being appointed the president and CEO position, Cates served as Denison’s vice-president finance, tax and chief financial officer. As chief financial officer, Cates played a key role in the company’s mergers and acquisitions activities – leading the acquisition of Rockgate Capital Corp. and International Enexco Ltd. Cates joined Denison in 2008 and held the position of director, taxation prior to his appointment as chief financial officer. Prior to joining the company, Cates held positions at Kinross Gold Corp. and PwC LLP with a focus on the resource industry.

Paul Matysek - Advisory Board

Paul Matysek is a strategic advisor for Skyharbour and is a mining entrepreneur, professional geochemist and geologist with over 35 years of experience in the mining industry. He was the founder, president and CEO of Energy Metals Corporation, a premier uranium company that traded on the New York and Toronto Stock Exchanges. Matysek led EMC as one of the fastest growing Canadian companies in recent years, increasing its market capitalization from $10 million in 2004 to approximately $1.8 billion when it was acquired by a larger uranium producer, Uranium One Inc., in 2007. In December of 2017, Matysek was involved in the sale of Lithium X Energy Corp. for $265 million to NextView New Energy. Matysek was the president and CEO of Goldrock Mines Corp. which on June 7th, 2016 announced it had entered into a definitive agreement to be acquired by Fortuna Silver Mines (NYSE:FSM) (TSX:FVI) for $129 million on a fully-diluted in-the-money basis. Previously, Matysek was the president and CEO of Lithium One Inc., which developed a high-quality lithium project in northern Argentina. In July 2012, Lithium One and Galaxy Resources merged with a $112 million plan to create a fully integrated lithium company. Prior to Lithium One, Matysek was the president and CEO of Potash One Inc. where he was the architect of the $434 million friendly takeover of Potash One by K+S Ag, which closed in early 2011.

Joseph Gallucci - Director

Joseph Gallucci is a senior capital markets executive and corporate director with over 20 years of experience in investment banking and equity research. His career focused on mining, base metals, precious metals and bulk commodities on a global scale. He is currently the managing director and head of investment banking at Laurentian Bank Securities Inc. where he oversees the investment banking practice in entirety.

His career has spanned across various firms including BMO Capital Markets, GMP Securities, Dundee Securities, and he was a founding principal of Eight Capital where he led their mining investment banking team.

In his previous and current roles, he has acquired experience in corporate finance, mergers, acquisitions, business and operational development, financings and corporate strategy. He has been directly involved in raising several billion dollars for mining companies as well as lead advisor on significant M&A transactions.

Prior to investment banking, Gallucci spent over a decade in equity research with a focus on global mining at both GMP and Dundee Securities. At Dundee Securities, he was a managing director and head of the metals and mining research team, where he oversaw the entire mining franchise.

He holds a Bachelor of Commerce from Concordia University and an MBA in investment management from the Goodman Institute of Investment Management. He also holds the ICD.D designation.