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SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE

Skyharbour Resources Ltd.

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 twenty-nine projects, ten of which are drill-ready, covering over 580,000 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 Project is the 73,294 hectare Russell Lake Uranium Project in which Skyharbour is operator with joint-venture partner Rio Tinto. The project hosts several high-grade uranium drill intercepts over a large property area with robust exploration upside potential. Skyharbour is actively advancing and drilling these projects with planned and ongoing exploration programs.

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 seeking partner companies to advance secondary projects, effectively acting as a uranium project incubator. Through earn-in option agreements, partner companies can acquire ownership interests in these projects by funding exploration and making cash and share payments to Skyharbour. The Company currently has joint-ventures with industry-leader Orano Canada Inc., Azincourt Energy and Thunderbird Resources (previously Valor) Resources at the Preston, East Preston and Hook Lake Projects, respectively, whereby Orano, Azincourt and Thunderbird earned majority interests in the projects through exploration expenditures, cash payments and share issuances. Skyharbour also has five active earn-in option partners including: CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at Yurchison Project; North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; and TSX.V listed Terra Clean Energy (previously Tisdale) 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 to over $38 million in partner-funded exploration expenditures, over $29 million worth of shares being issued and over $21 million in potential cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.
SYH:TSX.V SYHBF:OTCQX SC1P:FSE

Skyharbour Resources Ltd. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page. Please refer to the important disclosures below for additional details.

Recent Articles:

Uranium Exploration Co. Enters Into New Partnership in Athabasca Basin

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Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE) announced it has entered into an agreement with Hatchet Uranium Corp. to acquire interest in several of its projects. One analyst says the "spotlight" is on uranium juniors as the energy transition drives a heightened demand for power sources.
Tags: Uranium

Co. Completes Earn-In to Form JV at Advanced Stage Uranium Project in Athabasca Basin

  ()
Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE) has completed its earn-in requirements for a 51% interest at the Russell Lake Uranium Project in the central core of Canada's Eastern Athabasca Basin in Saskatchewan. This comes as the need for more net-zero power is sparking a rebirth of the nuclear industry.
Tags: Uranium

Investing to Take Advantage of the Uranium and Nuclear Renaissance

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The growth of artificial intelligence, the need for more computer data centers, the eventual adoption of electric vehicles (EVs), and the need for more net-zero power means nuclear power, and the uranium needed to fuel it, is seeing a resurgence. Here are some options to make the situation work for your portfolio.
Tags: Uranium

Uranium Co. Sets Out Winter Exploration Plan for Athabasca Basin Project

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Skyharbour Resources Ltd.'s partner company Medaro Mining Corp. announced its exploration plans for the winter at its Yurchison uranium property in Saskatchewan. Find out why the need for clean nuclear energy is soon expected to spotlight uranium juniors.
Tags: Uranium

Uranium Co. Enters Agreement to Option Athabasca Basin Projects

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Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE) announces an option agreement in which a private arm's-length company can acquire up to a 100% interest in two of Skyharbour's projects. Analysts remain bullish on the metal needed to help power carbon-free energy.
Tags: Uranium

Uranium Explorer Amends Upsize Option for Athabasca Project

  ()
Tisdale Clean Energy Corp. (TCEC:CSE; TCEFF:OTCQB; T1KC:SE) reaches an agreement to amend its option agreement on the South Falcon East uranium project in the Athabasca Basin of Saskatchewan. Find out why this company has gained the attention of analysts.
Tags: Uranium

More Articles


Expert Comments:

Fundamental Research Corp.

(10/29/24)
"Skyharbour Resources Inc. has acquired a 51% interest in Russell Lake. Results from a geophysical survey conducted earlier this year will be used to identify targets for an upcoming drilling program."

Marcus Giannini, Haywood Securities

(10/24/24)
"Skyharbour Resources Inc. announced that it has carried out an ambient noise tomography survey prior to commencing its fall drill program at the 51%-owned Russell Lake uranium project with Rio Tinto Exploration. . .notably, the survey targeted the Grayling and Fork areas, where previous drilling has returned high-grade mineralization."

Fundamental Research Corp.

(10/22/24)
"Skyharbour Resources Ltd. partnered with Terra Clean Energy to conduct a drill program at the South Falcon East uranium project. . .the drill program aims to expand the known deposit and test new targets."

Fundamental Research Corp.

(10/7/24)
"Skyharbour Resources Ltd. has partnered with another company to develop two early-stage uranium projects. The new partner will spend money on exploration over the next five years, which could help Skyharbour focus on its other projects while still benefitting from these developments."

Jeff Clark, TheGoldAdvisor.com

(10/3/24)
"Skyharbour Resources Ltd. entered an option agreement with UraEx Resources on the South Dufferin and Bolt uranium projects. UraEx can earn an initial 51% through CA$4.6M and up to 100% through US$9.8M in a combination of cash and share payments, as well as exploration expenditures over a five-year period."

Marcus Giannini, Haywood Securities

(9/19/24)
"On Sept. 3, 2024, Skyharbour Resources Inc. announced the commencement of its 2,500m summer drill program at Moore. The program will consist of seven to nine holes and will focus on expanding and defining the extent of mineralization across the Main Maverick and Maverick East zones."

More Expert Comments

Experts Following This Company

headshot of Michael Ballanger
Michael Ballanger, Editor & Publisher – GGM Advisory Inc.
Jeff Clark, Analyst – TheGoldAdvisor.com
Marcus Giannini – Haywood Securities
Peter Krauth – Silver Stock Investor
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Chen Lin What Is Chen Buying? What Is Chen Selling?
Clive Maund – CliveMaund.com
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
headshot of Siddharth Rajeev
Siddharth Rajeev, Analyst – Fundamental Research Corp.
headshot of David Talbot
David Talbot, Analyst – Red Cloud Securities

Company News 

11/4/2024 – Skyharbour Enters into Agreements to Partner with Hatchet Uranium Corp. on Several of its Uranium Projects Located in the Athabasca Basin, Saskatchewan

10/24/2024 – Skyharbour Announces ANT Survey Prior to Upcoming Drill Program as well as Summary of 2024 Drilling to Date at Russell Lake Uranium Project, Northern Saskatchewan

10/23/2024 – Skyharbour Completes Majority Earn-In and Forms Joint-Venture with Rio Tinto at Russell Lake Uranium Project in the Athabasca Basin

10/15/2024 – Skyharbour Partner Company Terra Clean Energy Plans Winter 2025 Exploration Program at the South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

10/10/2024 – Skyharbour's Partner North Shore Continues Drill Target Generation at Falcon Uranium Project

10/8/2024 – Skyharbour Partner Medaro Mining Announces Exploration Plan for the Yurchison Uranium Project Located in the Athabasca Basin, Saskatchewan

10/3/2024 – Skyharbour Enters Into Agreement to Option South Dufferin and Bolt Uranium Projects Located in the Athabasca Basin, Saskatchewan

10/1/2024 – Skyharbour's Partner North Shore Uranium Granted Exploration Permit at Falcon Uranium Project

9/17/2024 – Skyharbour's Partner Company North Shore Uranium Provides Exploration Update at Falcon Uranium Project

9/12/2024 – Skyharbour Appoints Athabasca Basin Veteran, Serdar Donmez, as Vice President of Exploration

9/3/2024 – Skyharbour Commences Summer Diamond Drilling Program at its Moore Uranium Project, Saskatchewan

8/20/2024 – Skyharbour's Partner Azincourt Receives Results of 2024 Winter Drilling Program at the East Preston Uranium Project

Important Disclosures
Skyharbour Resources Ltd. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

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2024/11/6 17:20:29

(SYH:TSX.V - SYHBF:OTCQX - SC1P:FSE)

Analyst coverage

Haywood SecuritiesMarcus Giannini
Fundamental Research Corp.Siddharth Rajeev
Red Cloud SecuritiesDavid Talbot

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streetwise book logoStreetwise - Skyharbour Resources Ltd. Ownership Overview*

Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE)

*Share Structure as of 11/5/2024
Investing Highlights
 
Top tier Athabasca Basin uranium project portfolio including high-grade flagship Moore project and recently optioned Russell Lake project from Rio Tinto, both with robust discovery potential
 
Focused exploration and drilling to unlock value through new discoveries and resource expansion at primary projects; utilizing the prospect generator and JV model to advance secondary projects
 
Strong management and geological team with expertise in the Basin and a track record of success; strategic partnerships with Denison, Orano and Rio Tinto
catalyst Calendar
Q1
2024
Continued drilling at co-flagship Russell and Moore Lake projects
Q2
2024
Drilling and exploration programs to be carried out by partner companies
Q3
2024
Formation of new JV and option partners ? Prospect Generator Model
Q4
2024
Uranium market continues to gain momentum as nuclear energy acceptance grows