SYH:TSX.V; SA:NYSE.MKT

Skyharbour Resources Ltd.

Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects. Skyharbour has 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 with drill results returning up to 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres.
Skyharbour has option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and Azincourt can earn in up to 70% of the Preston Project through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares. Preston is a large, geologically prospective property proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit.
The Company owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter of the Basin which contains a NI 43-101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. Recently, Skyharbour signed a Definitive Agreement with Australian company Pitchblende Energy, which is being acquired by ASX-listed Valor Resources, on the North Falcon Uranium Project whereby Pitchblende can earn-in 80% of the project through $3,500,000 in total exploration expenditures and $475,000 in total cash payments over three years as well as shares in the company.
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



SYH:TSX.V SA:NYSE.MKT

Expert Comments:

Peter Epstein
Skyharbour Resources CEO Jordan Trimble speaks with Peter Epstein of Epstein Research to discuss the uranium market and provide an update on his company's Canadian projects.
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Maurice Jackson
Jordan Trimble, CEO of Skyharbour, talks with Maurice Jackson of Proven and Probable about exploration progress being made at his company's uranium assets in Canada's Athabasca Basin.
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Skyharbour Resources reported that its partner Azincourt Energy completed its 70% earn-in interest and formed a joint-venture with Skyharbour for the East Preston Uranium Project in northern Saskatchewan.
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Skyharbour Resources' partner Azincourt Energy carried out this work at East Preston.
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Skyharbour Resources drills the second of the two longest, continuous intercepts of uranium mineralization discovered at the Moore project.
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Skyharbour Resources is optioning an 80% stake in its North Falcon Point uranium project.
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Through a 'breakthrough hole,' Skyharbour Resources encounters the longest continuous intersection of uranium mineralization to date at Moore.
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Skyharbour Resources' partner engages a firm to carry out the program at East Preston.
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Maurice Jackson
In conversation with Maurice Jackson of Proven and Probable, Jordan Trimble, the CEO of Skyharbour Resources, offers his take on the post-pandemic uranium market and the latest news from his company.
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For the ownership stake, the agreement calls for Skyharbour Resources to receive CA$425,000 in cash and the buyer to spend CA$3.5 million for exploration and issue 250 million shares over three years.
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headshot of Siddharth Rajeev

Siddharth Rajeev, Fundamental Research Corp.

(7/7/20)
"Skyharbour Resources Ltd. recently completed a 2,328m, six-hole drill program on its flagship Moore uranium project. . .hole 20-04, drilled 50m east of the previously defined Maverick East zone, intercepted 4.5m of 0.38% U3O8. . .as work is ongoing at all of the company's core properties, we expect a number of catalysts for Skyharbour's share price this year."

Gerardo Del Real, Junior Mining Monthly

(6/30/20)
"Skyharbour Resources Ltd. announced results from its 2020 winter-spring diamond drilling program at its 100%-owned, 35,705-hectare Moore uranium project. . .the highlight hole from the eight-hole program was ML20-04, which doubled the known strike extent of the Maverick East zone. The interval returned 4.5m of 0.38% U3O8 with a basal high grade basement intercept returning 0.5m of 1.43% U3O8."

headshot of Thibaut Lepouttre

Thibaut Lepouttre, Caesars Report

(6/23/20)
"Skyharbour Resources Ltd.'s hole 4 which was drilled the furthest to the east at the Moore uranium project was now successful in doubling the strike length of Maverick East to 100m. . .the company is now gearing up for a fully funded 2,500m summer drill program which will continue to drill test the high priority zones along the Maverick corridor with a specific focus on untested conductive corridors and underlying feeder zones."

Thibaut Lepouttre, Caesars Report

(5/16/20)
"Skyharbour Resources Ltd. has closed a previously unannounced placement to raise CA$1.68M in a mix of hard dollars and flowthrough dollars which will further boost the company's cash and working capital position. About 5.36M hard dollar units were issued at CA$0.15 and 4.86M flowthrough units were issued at CA$0.18, with each unit consisting of one common share and a full warrant with a strike price of CA$0.22."

Fundamental Research Corp.

(4/20/20)
"Skyharbour Resources Ltd. and its partner have decided to extend the deadline for Azincourt Energy (to March 31, 2021) to meet the remaining obligations to acquire a 70% interest in the East Preston uranium project. . .in consideration for the extension, Azincourt has agreed to issue 2.5M shares each to Skyharbour and its partner."

More Expert Comments

Experts Following This Company

headshot of Peter Epstein
Peter Epstein, CFA – Epstein Research
headshot of Maurice Jackson
Maurice Jackson, Founder – Proven and Probable
headshot of Thibaut Lepouttre
Thibaut Lepouttre, Editor Caesars Report
headshot of Siddharth Rajeev
Siddharth Rajeev, Analyst – Fundamental Research Corp.
Chris Thompson, Mining Analyst – PI Financial

Company News

4/12/2021 – Skyharbour Closes $3.06 Million Private Placement of Flow-Through Units

3/26/2021 – Orano Canada Inc. ("Orano") Completes First Earn-In Option and Forms Joint Venture with Skyharbour at the Preston Uranium Project

3/23/2021 – Skyharbour's Partner Company Azincourt Energy Reports 2021 Winter Drill Program Shut Down Due to Warm Weather on The East Preston Uranium Project

3/17/2021 – Skyharbour Commences Exploration and Mobilizes for Upcoming Drill Program at its High Grade Moore Uranium Project, Saskatchewan

3/4/2021 – Skyharbour Resources Receives $1.4 Million from Exercise of Warrants

3/2/2021 – Skyharbour's Partner Company Valor Initiates Phase I Work at Hook Lake Uranium Project; Skyharbour to Participate in Red Cloud's 2021 Pre-PDAC Mining Showcase and Exhibiting at PDAC 2021 Convention

2/24/2021 – Skyharbour's Partner Company Azincourt Energy Begins 2021 Drill Program at The East Preston Uranium Project

2/19/2021 – Skyharbour's Partner Company Azincourt Energy Reports Drill Mobilization at The East Preston Uranium Project

2/17/2021 – Skyharbour's Partner Company Azincourt Energy Completes Earn-In of Interest and Forms Joint-Venture with Skyharbour at the East Preston Uranium Project

2/10/2021 – Skyharbour's Partner Company Azincourt Energy Provides Update on 2021 Winter Drill Program at The East Preston Uranium Project

1/21/2021 – Skyharbour's Partner Company Azincourt Energy 2021 Winter Drill Program Preparations Underway at East Preston Uranium Project

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Investing Highlights
 
Top tier Athabasca Basin uranium project portfolio including high-grade flagship Moore project with robust discovery upside potential
 
Acquiring projects at attractive valuations and using the prospect generator and JV model to advance secondary projects
 
Strong management and geological team with track record of success; strategic partnerships with Denison and Orano
catalyst Calendar
Q2
2021
Uranium market recovery gaining momentum
Q3
2021
Continued drilling at 100% owned Moore project focused on new basement rock hosted targets
Q3
2021
JVís and earn-in options with strategic partners funding exploration at other projects