Skyharbour Resources Signs MOU for Uranium Properties Totaling 709,500 Acres

Skyharbour Resources Ltd. (TSXV:SYH) announced that they have signed a non-binding Memorandum of Understanding for its  property package in the Patterson Lake region, and Athabasca Nuclear Corp.’s (TSXV: ASC) Preston Lake Property also located in the Patterson Lake region of the Athabasca Basin, Saskatchewan.

As quoted in the press release:

The purpose of the MOU is to facilitate the formation of a joint venture syndicate of the four companies with their respective corporate and geological teams to collectively explore the largest land package (approx. 287,130 hectares or 709,500 acres) in the western Athabasca Basin near Alpha Minerals and Fission Uranium’s recent high grade discovery at their Patterson Lake South  property.

Skyharbour’s President and CEO, Jordan Trimble, said:

This MOU represents one of the final steps in the formation of a four-company JV syndicate that we feel offers the best prospects of making a new uranium discovery in the Patterson Lake region of the Athabasca Basin. Lucky Strike, Noka and Athabasca Nuclear are value-add partners for Skyharbour as they bring with them strong technical expertise, proven management teams and financial capital to help create synergies both in the field and corporately.

To view the whole press release, click here.