About Skyharbour Resources
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 thirty-seven projects, covering over 616,000 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’s co-flagship Russell Lake Uranium Project, where the Company is operator and majority owner following a transformative strategic partnership with Denison Mines. Through this transaction, Denison acquired Rio Tinto’s previous interest in the project in a deal valued at up to C$61.5 million, marking a major endorsement of Russell Lake’s potential. The 73,314 ha property has been reorganized into four distinct areas — Russell Lake (RL), Getty East, Wheeler North, and Wheeler Inliers — with Skyharbour advancing the RL and Getty East claims and Denison leading exploration at Wheeler North and the Inlier claims. Strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan, Russell Lake hosts multiple high-grade uranium intercepts across a large property area with significant exploration upside potential.
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 partnering with companies to advance secondary projects, effectively operating as a uranium project incubator. Through earn-in and joint venture agreements, partner companies can acquire ownership interests by funding exploration and providing cash and share payments. Skyharbour now has joint ventures with Orano Canada Inc. at Preston, Azincourt Energy at East Preston, Thunderbird Resources at Hook Lake, and Denison Mines at two areas of the newly reorganized Russell Lake Project, including the RL Core Claims and the Wheeler River Inlier claims. The Company also has two earn-in partnerships with Denison at Russell Lake: Wheeler North and Getty East, where Denison can increase its ownership through staged exploration spending. In addition, Skyharbour has six earn-in option partners including: CSE-listed Nexus Uranium Corp. (previously Basin Uranium) at the Mann Lake Uranium Project; TSX.V-listed North Shore Uranium at the Falcon Uranium Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; Mustang Energy at the 914W Project; and TSX.V-listed Terra 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 over $76 million in partner-funded exploration expenditures, over $26 million worth of shares being issued, and over $16 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.
Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.
To learn more about Skyharbour, please contact:
Nick Coltura, Investor Relations Manager
E: Ncoltura@sentinelmarket.com
T: 604-558-5847
To learn more about Skyharbour, visit https://skyharbourltd.com/
For more information on the activity in the Athabasca Basin and to see the digital map, go to https://digigeodata.com/area/athabasca-basin/