SOURCE ROCK ROYALTIES ANNOUNCES FOURTH QUARTER & YEAR-END 2024 RESULTS INCLUDING RECORD ANNUAL FUNDS FROM OPERATIONS

SOURCE ROCK ROYALTIES ANNOUNCES FOURTH QUARTER & YEAR-END 2024 RESULTS INCLUDING RECORD ANNUAL FUNDS FROM OPERATIONS

 
 

   /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./   

 

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three-month period and year ended December 31, 2024.

 
 

  Source Rock Logo (CNW Group/Source Rock Royalties Ltd.) 

 
 

Annual Highlights:

 
  • Record annual royalty production of 251 boe/d (95% oil and NGLs), an increase of 21% over 2023.
  •  
  • Record annual royalty revenue of $7,689,586 , an increase of 16% over 2023.
  •  
  • Record annual Adjusted EBITDA (2) of $6,816,173 ( $0.15 per share), an increase of 18% (16% per share) over 2023.
  •  
  • Record annual funds from operations (2) of $5,994,371 ( $0.13 per share), an increase of 6% (5% per share) over 2023.
  •  
  • Declared $3,473,939 in dividends ( $0.0765 per share), resulting in a payout ratio (2) of 58%.
  •  
  • Achieved an operating netback (2) of $74.20 per boe and a corporate netback (2) of $65.25 per boe.
  •  
  • 43 gross new horizontal wells began producing on royalty lands in S.E. Saskatchewan (20), central Alberta (18), west-central Saskatchewan (3), east-central Alberta (1) and Manitoba (1).
  •  
  • Working capital of $4,860,362 ( $0.105 per share) as at December 31, 2024 .
  •  

Fourth Quarter Highlights:

 
  • Quarterly royalty production of 256 boe/d (97% oil and NGLs), an increase of 17% over Q4 2023.
  •  
  • Quarterly royalty revenue of $1,871,245 , an increase of 9% over Q4 2023.
  •  
  • Quarterly Adjusted EBITDA (2) of $1,709,057 ( $0.038 per share), an increase of 12% over Q4 2023.
  •  
  • Quarterly funds from operations (2) of $1,511,958 ( $0.033 per share), a decrease of 9% (11% per share) over Q4 2023.
  •  
  • Declared three monthly dividends of $0.0065 per share, resulting in a payout ratio (2) of 59%.
  •  
  • Achieved an operating netback (2) of $72.57 per boe and a corporate netback (2) of $64.20 per boe.
  •  

2024 Reserves Information

 

Source Rock's reserves data and other oil and natural gas information, as required under National Instrument 51-101, is available on SEDAR+ at www.sedarplus.ca .

 

Financial and Operational Results

 
 
                                                                                                                                                       
 
 

Three Months Ended December 31,

 
 

Year Ended December 31,

 
 

FINANCIAL ($, except as noted)

 
 

2024

 
 

2023

 

 

Change

 
 

2024

 
 

2023

 
 

Change

 
 

Royalty revenue

 
 

1,871,245

 
 

1,720,264 (1)  

 
 

9 %

 
 

7,689,586

 
 

6,646,326 (1)  

 
 

16 %

 
 

Adjusted EBITDA (2)  

 
 

1,709,057

 
 

1,525,386

 
 

12 %

 
 

6,816,173

 
 

5,793,204

 
 

18 %

 
 

Per share (basic)

 
 

0.038

 
 

0.034

 
 

12 %

 
 

0.15

 
 

0.129

 
 

16 %

 
 

Funds from operations (2)  

 
 

1,511,958

 
 

1,663,376

 
 

-9 %

 
 

5,994,371

 
 

5,653,618

 
 

6 %

 
 

Per share (basic)

 
 

0.033

 
 

0.037

 
 

-11 %

 
 

0.132

 
 

0.126

 
 

5 %

 
 

Total comprehensive income (loss)

 
 

501,915

 
 

382,367

 
 

31 %

 
 

1,495,319

 
 

1,566,310

 
 

-5 %

 
 

Per share (basic)

 
 

0.011

 
 

0.008

 
 

38 %

 
 

0.033

 
 

0.035

 
 

-6 %

 
 

Per share (diluted)

 
 

0.01

 
 

0.008

 
 

25 %

 
 

0.031

 
 

0.034

 
 

-9 %

 
 

Dividends declared

 
 

888,863

 
 

812,850

 
 

9 %

 
 

3,473,939

 
 

2,968,990

 
 

17 %

 
 

Per share

 
 

0.0195

 
 

0.018

 
 

8 %

 
 

0.0765

 
 

0.066

 
 

16 %

 
 

Payout ratio (2)  

 
 

59 %

 
 

49 %

 
 

20 %

 
 

58 %

 
 

53 %

 
 

9 %

 
 

Cash and cash equivalents

 
 

4,635,727

 
 

1,462,040

 
 

217 %

 
 

4,635,727

 
 

1,462,040

 
 

217 %

 
 

Per share (basic)

 
 

0.10

 
 

0.03

 
 

214 %

 
 

0.10

 
 

0.03

 
 

215 %

 
 

Average shares outstanding (basic)

 
 

45,582,727

 
 

45,139,091

 
 

1 %

 
 

45,386,449

 
 

45,022,140

 
 

1 %

 
 

Shares outstanding (end of period)

 
 

45,582,727

 
 

45,231,645

 
 

1 %

 
 

45,582,727

 
 

45,231,645

 
 

1 %

 
 

OPERATING

 
 

Average daily production (boe/d)

 
 

256

 
 

218 (3)  

 
 

17 %

 
 

251

 
 

208 (3)  

 
 

21 %

 
 

Percentage oil & NGLs

 
 

97 %

 
 

94 %

 
 

3 %

 
 

95 %

 
 

93 %

 
 

2 %

 
 

Average price realizations ($/boe)

 
 

79.45

 
 

85.86

 
 

-7 %

 
 

83.58

 
 

87.54

 
 

-5 %

 
 

Operating netback (2) ($/boe)

 
 

72.57

 
 

76.06

 
 

-5 %

 
 

74.20

 
 

76.30

 
 

-3 %

 
 

Corporate netback (2) ($/boe)

 
 

64.20

 
 

82.94

 
 

-23 %

 
 

65.25

 
 

74.47

 
 

-12 %

 
 
 
 
      
 

(1)

 
 

Source Rock also benefited from $211,892 (Q4 2023) and $373,437 (fiscal 2023) of sales proceeds from royalty production that occurred after the effective date but prior to the closing date of acquisitions. These proceeds were accounted for as a reduction to the purchase price of the acquisitions.

 
 

(2)

 
 

This is a non-GAAP financial measure or non-GAAP ratio. Refer to the disclosure under the heading "Non-GAAP Financial Measures & Ratios" for more information on each non-GAAP financial measure or ratio.

 
 

(3)

 
 

Source Rock also benefited from 29 boe/d (100% oil & NGLs) for Q4 2023 and 12 boe/d (100% oil & NGLs) for fiscal 2023, of royalty production that occurred after the effective date but prior to the closing date of acquisitions.

 
 
 

About Source Rock Royalties Ltd. 

 

Source Rock is a pure-play oil and gas royalty company with an existing, oil focused portfolio of royalty interests concentrated in southeast Saskatchewan , central Alberta and west-central Saskatchewan . Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock's strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.

 

Forward-Looking Statements

 

  This news release includes forward-looking statements and forward-looking information within the meaning of Canadian securities laws. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding Source Rock's dividend strategy and the amount and timing of future dividends (and the sustainability thereof), the potential for future drilling on Source Rock's royalty lands, expectations regarding commodity prices, Source Rock's growth strategy and expectations with respect to future royalty acquisition and partnership opportunities, and the ability to complete such acquisitions and establish such partnerships. Such statements and information are based on the current expectations of Source Rock's management and are based on assumptions and subject to risks and uncertainties. Although Source Rock's management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this news release may not occur by certain dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Source Rock. Although Source Rock has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement or information can be guaranteed. Except as required by applicable securities laws, forward-looking statements and information speak only as of the date on which they are made and Source Rock undertakes no obligation to publicly update or revise any forward-looking statement or information, whether as a result of new information, future events or otherwise.  

 

Non-GAAP Financial Measures & Ratios

 

  This news release uses the terms "funds from operations" and "Adjusted EBITDA" which are non-GAAP financial measures and the terms "payout ratio", "operating netback" and "corporate netback" which are non-GAAP ratios. These financial measures and ratios do not have   a standardized prescribed meaning under GAAP and these measures and ratios may not be comparable with the calculation of similar measures disclosed by other entities.  

 

  "Adjusted EBITDA" is used by management to analyze the Corporation's profitability based on the Corporation's principal business activities prior to how these activities are financed, how assets are depreciated, amortized and impaired, and how the results are taxed. Additionally, amounts are removed relating to share-based compensation expense, the sale of assets, fair value adjustments on financial assets and liabilities, other non-cash items and certain non-standard expenses, as the Corporation does not deem these to relate to the performance of its principal business. Adjusted EBITDA is not intended to represent net profit (or loss) as calculated in accordance with IFRS.  

 

  The most directly comparable GAAP financial measure to funds from operations is cash flow from operating activities. "Funds from operations" is defined as cash flow from operating activities before the change in non-cash working capital. Source Rock believes the timing of collection, payment or incurrence of these non-cash items involves a high degree of discretion and as such may not be useful for evaluating Source Rock's operating performance. Source Rock considers funds from operations to be a key measure of operating performance as it demonstrates Source Rock's ability to generate funds to fund operations, acquisition opportunities, dividend payments and debt repayments, if applicable. Funds from operations should not be construed as an alternative to income or cash flow from operating activities determined in accordance with GAAP as an indication of Source Rock's performance.  

 

  "Corporate netback" is calculated as funds from operations divided by cumulative production volumes for the period. Corporate netback is used by Source Rock to better analyze the financial performance of its royalties against prior periods and to assess the cost efficiency of its overall corporate platform as it relates to production volumes. There is no standardized meaning for "corporate netback" and this metric as used by Source Rock may not be comparable with the calculation of similar metrics disclosed by other entities, and therefore should not be used to make comparisons.  

 

  "Operating netback" represents the cash margin for products sold. Operating netback is calculated as revenue minus cash administrative expenses divided by cumulative production volumes for the period. Operating netback is used by Source Rock to assess the cash generating and operating performance of its royalties against prior periods and to assess the costs efficiency of its operating platform as it relates to production volumes. There is no standardized meaning for "operating netback" and this metric as used by Source Rock may not be comparable with the calculation of similar metrics disclosed by other entities, and therefore should not be used to make comparisons.  

 

  "Payout ratio" is calculated as the aggregate of cash dividends declared in a period divided by funds from operations realized in such period. Source Rock considers payout ratio to be a key measure to assess Source Rock's ability to fund operations, acquisition opportunities, dividend payments, cash taxes and debt repayments, if applicable.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.  

 

SOURCE Source Rock Royalties Ltd. 

 View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/28/c6620.html 
 

 

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SOURCE ROCK ROYALTIES ANNOUNCES FIRST QUARTER 2025 RESULTS

SOURCE ROCK ROYALTIES ANNOUNCES FIRST QUARTER 2025 RESULTS

 
 

   /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./   

 

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three-month period ended March 31, 2025 .

 

 

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SOURCE ROCK ROYALTIES ANNOUNCES RECORD ANNUAL ROYALTY PRODUCTION & REVENUE

SOURCE ROCK ROYALTIES ANNOUNCES RECORD ANNUAL ROYALTY PRODUCTION & REVENUE

 
 

   /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./   

 
 

  Source Rock Logo (CNW Group/Source Rock Royalties Ltd.) 

 

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces unaudited (1) operational and financial highlights for fiscal 2024 and the fourth quarter of 2024 ("Q4 2024"). Annual royalty production and revenue were the highest results in Source Rock's 12-year history.

 

Unaudited (1) annual results for fiscal 2024 were:

 
  •   Royalty Production - 251 boe/d (95% oil & NGLs), an increase of 21% compared to 2023.

  •  
  •   Royalty Revenue - $7.68 million , an increase of 16% compared to 2023.
  •  

Unaudited (1) results for Q4 2024 were:

 
  •   Royalty Production - 256 boe/d (97% oil & NGLs), an increase of 17% compared to Q4 2023.

  •  
  •   Royalty Revenue - $1.87 million , an increase of 9% compared to Q4 2023.
  •  

Audited Annual and Q4 2024 Financial Statements and Management Discussion and Analysis, as well as oil and gas reserves information as of December   31, 2024, will be filed on SEDAR+ ( www.sedarplus.ca ) and announced by news release on or before April   30, 2025.

 

  President's Message  

 

2024 was a record year for Source Rock as a result of acquisitions completed in 2023 and record drilling activity. In 2024, 43 new horizontal wells began producing on our royalty lands: 20 Frobisher wells in S.E. Saskatchewan , 18 Clearwater wells in central Alberta , 3 Viking wells in west-central Saskatchewan , 1 Dina well in east-central Alberta and 1 Amaranth well in Manitoba .

 

Source Rock's working capital as of February 28, 2025 was approximately $5    million ( $0.11 per share), a 120% increase from February 2024 . We are actively pursuing additional accretive royalty acquisitions with the goal of expanding and diversifying our base royalty production, as well as increasing exposure to undeveloped royalty lands and ongoing drilling activity. We continue to be focused on acquiring high netback oil royalties.

 

  Brad Docherty , President & CEO

 

  About Source Rock Royalties Ltd.  

 

Source Rock is a pure-play oil and gas royalty company with an existing portfolio of oil royalty interests concentrated in southeast Saskatchewan , central Alberta and west-central Saskatchewan . Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock's strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.

 

   www.sourcerockroyalties.com   

 
 
  
 

  (1)  

 
 

    Unaudited Information:    All financial information contained in this news release for the year ended and fourth quarter of December   31, 2024, such as royalty revenue, is based on estimated unaudited financial information which has been disclosed in accordance with generally accepted accounting principles in Canada and has not been reviewed by Source Rock's auditor. These estimated results are subject to change upon completion of the audited financial statements for the year ended December 31, 2024, and changes could be material. Source Rock anticipates filing its audited financial statements and related management's discussion and analysis for the year ended December   31, 2024 on SEDAR+ on or before April   30, 2025.   

 
 
 

  Forward-Looking Statements  

 

  This news release includes forward-looking statements and forward-looking information within the meaning of Canadian securities laws. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding Source Rock's dividend strategy and the amount and timing of future dividends (and the sustainability thereof), the potential for future drilling on Source Rock's royalty lands, expectations regarding commodity prices, Source Rock's growth strategy and expectations with respect to future royalty acquisition and partnership opportunities, the ability to complete such acquisitions and establish such partnerships, and the estimated costs for Source Rock to run its business. Such statements and information are based on the current expectations of Source Rock's management and are based on assumptions and subject to risks and uncertainties. Although Source Rock's management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this news release may not occur by certain dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Source Rock. Although Source Rock has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement or information can be guaranteed. Except as required by applicable securities laws, forward-looking statements and information speak only as of the date on which they are made and Source Rock undertakes no obligation to publicly update or revise any forward-looking statement or information, whether as a result of new information, future events or otherwise.  

 

   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.   

 
 
 

SOURCE Source Rock Royalties Ltd. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2025/10/c0058.html  

 
 

 

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Canadian Investment Regulatory Organization Trade Resumption - SRR

Canadian Investment Regulatory Organization Trade Resumption - SRR

 
 

Trading resumes in:

 

Company: Source Rock Royalties Ltd. 

 

 

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Source Rock Royalties Confirms Monthly Dividend Record Date and Payment Date

Source Rock Royalties Confirms Monthly Dividend Record Date and Payment Date

Source Rock Royalties Ltd. (TSXV: SRR) ("Source Rock") is issuing this news release to confirm the record date and payment date for the January 2025 monthly dividend.

As previously announced on January 15, 2025, the board of directors of Source Rock has declared a monthly dividend of $0.0065 per common share, payable in cash on February 14, 2025 to shareholders of record on January 31, 2025. This information was disseminated by financial news providers and was therefore available to TSX Venture Exchange participating organizations, the financial community and other market participants.

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SOURCE ROCK ROYALTIES DECLARES MONTHLY DIVIDEND AND COMPLETES 11TH CONSECUTIVE YEAR OF PAYING DIVIDENDS TO SHAREHOLDERS

SOURCE ROCK ROYALTIES DECLARES MONTHLY DIVIDEND AND COMPLETES 11TH CONSECUTIVE YEAR OF PAYING DIVIDENDS TO SHAREHOLDERS

 
 

   /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./   

 

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on January 15, 2025 to shareholders of record on December 31, 2024 .

 

 

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Skyharbour's Partner Company Mustang Energy Receives Exploration Permit for 914W Uranium Project Located in the Athabasca Basin, Saskatchewan

Skyharbour's Partner Company Mustang Energy Receives Exploration Permit for 914W Uranium Project Located in the Athabasca Basin, Saskatchewan

 

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ("Skyharbour" or the "Company") is pleased to announce that partner company Mustang Energy Corp. ("Mustang") has received exploration permits from the Saskatchewan Government, allowing for ground-based exploration activities at the 914W Uranium Project ("the Project") south of the Athabasca Basin, Saskatchewan. Mustang Energy may acquire a 75% interest in the Project by issuing common shares having an aggregate value of CAD $480,000, making aggregate cash payments of $275,000 to Skyharbour, and incurring an aggregate of $800,000 in exploration expenditures on the property over a three-year period.

 

  914W Property Map:  
  https://skyharbourltd.com/_resources/images/Sky_914W.jpg   

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Alvopetro Announces June 2025 Sales Volumes

Alvopetro Announces June 2025 Sales Volumes

 
 

 Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces June 2025 sales volumes of 2,514 boepd, based on field estimates. In Brazil June sales volumes averaged 2,364 boepd, including natural gas sales of 13.2 MMcfpd, associated natural gas liquids sales from condensate of 147 bopd, and oil sales of 9 bopd. In Canada June sales volumes averaged 149 bopd. This brings our Q2 2025 average daily sales volumes to 2,436 boepd, based on field estimates.

 
 
 

   Natural gas, NGLs and crude oil sales:   

 
 
 
  
 

   (1)   

 
 

   Alvopetro reported volumes are based on sales volumes which, due to the timing of sales deliveries, may differ from production volumes.   

 
 
 

  Corporate Presentation  

 

Alvopetro's updated corporate presentation is available on our website at:
http://www.alvopetro.com/corporate-presentation .

 

  Social   Media  

 

Follow Alvopetro on our social media channels at the following links:
Twitter - https://twitter.com/AlvopetroEnergy  
Instagram - https://www.instagram.com/alvopetro/  
LinkedIn - https://www.linkedin.com/company/alvopetro-energy-ltd  

 

   Alvopetro Energy Ltd.    is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro's organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are   building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.  

 

   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.   

 

  Abbreviations:  

 
 
                  
 

  boepd                    =  

 
 

  barrels of oil equivalent ("boe") per day  

 
 

  bopd                      =  

 
 

  barrels of oil and/or natural gas liquids (condensate) per day  

 
 

  Mcf                        =  

 
 

  thousand cubic feet  

 
 

  Mcfpd                    =  

 
 

  thousand cubic feet per day  

 
 

  MMcf                     =  

 
 

  million cubic feet  

 
 

  MMcfpd                 =  

 
 

  million cubic feet per day  

 
 

  NGLs                     =  

 
 

  natural gas liquids (condensate)  

 
 

  Q1 2025                =  

 
 

  three months ended March 31, 2025  

 
 

  Q2 2025                =  

 
 

  three months ended June 30, 2025  

 
 
 

  BOE Disclosure  

 

The term barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

 

  www.alvopetro.com  
TSX-V: ALV, OTCQX: ALVOF

 

SOURCE Alvopetro Energy Ltd. 

 

 

 

 Cision View original content: http://www.newswire.ca/en/releases/archive/July2025/03/c8666.html  

 
 

 

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Blue Sky Uranium Acquires Key Subsurface Data for Corcovo Uranium Project, Mendoza Province, Argentina

Blue Sky Uranium Acquires Key Subsurface Data for Corcovo Uranium Project, Mendoza Province, Argentina

 
 

 TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

 

Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) ("Blue Sky" or the "Company") is pleased to announce that it has obtained an additional substantial historic subsurface dataset for its Corcovo Uranium Project an "in situ" recovery (" ISR ") high potential target, located in the Western Malargüe Mining District, Mendoza Province Argentina . This dataset was originally generated by operators in the oil & gas (" O&G ") with concession holdings in the area. The new data package includes complete information from 449 historical O&G wells ranging from more than 500 metres up to 750 metres in depth within the Corcovo concession area, featuring geophysical logging data such as gamma-ray, spontaneous potential (SP), and other parameters, compiled in the O&G industry standard format for well log data (Log ASCII Standard or " LAS " format). In addition, the Company received 34 2D seismic lines, covering the entire Corcovo project area ( Figure 1 ).

 

 

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Skyharbour's JV Partner Orano Commences 6-7,000m Summer Drilling Program at the Preston Uranium Project

Skyharbour's JV Partner Orano Commences 6-7,000m Summer Drilling Program at the Preston Uranium Project

 

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ("Skyharbour" or the "Company"), is pleased to announce that its joint-venture partner, Orano Canada Inc. ("Orano"), recently commenced a large-scale diamond drilling program at the 49,635-hectare Preston Uranium Project ("Preston" or the "Property") located in the western Athabasca Basin, Saskatchewan, Canada. The drilling program will consist of approximately 6,000 to 7,000 metres of drilling during the summer of 2025. Orano is the majority owner and operator at the project with Skyharbour owning a minority interest of approximately 25.6%.

 

  Location Map of Preston Project:  
  https://www.skyharbourltd.com/_resources/images/Sky_Preston.jpg   

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Blue Sky Uranium Closes 2nd Tranche of Non-Brokered Private Placement

Blue Sky Uranium Closes 2nd Tranche of Non-Brokered Private Placement

 
 

 TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

 

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