- Holds one of the largest project porfolios within the Athabasca Basin with more than 500,000 hectares of land across 24 projects
- The co-flagship Moore Uranium project is an advanced-stage uranium exploration property in the eastern Athabasca Basin near existing infrastructure with known high-grade uranium mineralization and significant discovery potential; high-grade drill results include 21 percent U3O8 over 1.5 meters within 6 percent U3O8 over 6 meters
- 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), Denison Mines’ Wheeler River project (to the west), and between Cameco’s Key Lake and McArthur River Projects in the eastern portion of the Athabasca Basin
- Skyharbour also has a 100 percent interest in the South Falcon Point Uranium Project, which contains an NI 43-101 inferred resource totalling 7 million pounds of U3O8 at 0.03 percent and 5.3 million pounds of thorium dioxide at 0.023 percent
- 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 total more than C$34 million in partner-funded exploration expenditures, just under C$15 million in cash payments, and more than $22 million in partner equity issued to Skyharbour, assuming all of the partners complete their earn-ins
- 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 ownership
- Led by a strong management and geological team with track record of success
- Five exploration/drill programs are underway or recently completed by Skyharbour and partner companies with plans for more programs set to commence in 2023
- Skyharbour will continue to execute its prospect generator model by acquiring projects at attractive valuations and forming joint-ventures to advance secondary projects
- In April 2023, Skyharbour acquired eight new prospective uranium exploration properties comprising 34,022 hectares, and the 12,282-hectare South Duffering Project.
Skyharbour Resources (TSXV: SYH, OTCQX: SYHBF, Frankfurt: 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 over 490,000 hectares of land comprising a total of 23 projects. The company recently optioned from Rio Tinto, now a large strategic shareholder of the company, an initial 51-percent interest and up to a 100-percent interest in the Russell Lake Uranium Project located in the central core of the Eastern Athabasca Basin of northern Saskatchewan. The large, advanced-stage uranium exploration property totalling 73,294 hectares, hosts historical high-grade drill intercepts over a large property area with robust exploration upside potential.
The 100-percent owned co-flagship Moore Lake Project, acquired from Denison Mines in 2016 - now a large strategic shareholder of the company - is located 15 kilometers east of Denison's Wheeler River project, 39 kilometers south of Cameco's McArthur River uranium mine, and adjacent to the Russell Lake Project. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone including highlight drill results of 6.0 percent U3O8 over 5.9 meters including 20.8 percent U3O8 over 1.5 meters. Skyharbour is actively advancing and drilling these projects with planned and ongoing exploration programs, which includes the recently commenced 10,000-meter drill program at Russell Lake.
In addition to offering investors exposure to high-grade uranium discovery potential at its primary projects, Skyharbour leverages its properties through the prospect generator model, with partner companies funding exploration and development at its earlier stage or secondary assets. It is a cost-effective model that facilitates large exploration programs without substantial equity dilution.