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-five projects, ten of which are drill-ready, covering over 523,000 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 recently optioned Russell Lake Uranium Project from Rio Tinto, which hosts historical high-grade drill intercepts over a large property area with robust exploration upside potential. Skyharbour has the option to acquire an initial 51% and up to 100% of the 73,294 ha Russell Lake Uranium Property strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan. 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. and Azincourt Energy at the Preston and East Preston Projects, respectively, whereby Orano and Azincourt earned majority interests in the projects through exploration expenditures, cash payments and share issuances. Skyharbour also has six active earn-in option partners including: ASX-listed Valor Resources at the Hook Lake Uranium Project; CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at Yurchison Project; Yellow Rocks Energy, a private Australian entity, at the Wallee and Usam Island Projects; North Shore Energy Metals at the South Falcon Project; and CSE listed Tisdale 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 to over $37 million in partner-funded exploration expenditures, over $28 million worth of shares being issued and over $19 million in potential cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

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.

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Expert Comments:

headshot of David Talbot

David Talbot, Red Cloud Securities

"One of our top uranium picks is Skyharbour Resources Ltd. . .we believe the company to be one of the more successful project generators in the industry given the extent of incoming cash and third party shares into its treasury and the abundance of exploration spending required for its partners to option its various projects."

headshot of Gwen  Preston

Gwen Preston, The Maven Letter

"My rationale for buying Skyharbour Resources Ltd. is both for its particular appeal (near term discovery potential, close working relationship with Denison) and its position as a larger but still small uranium company. I think this segment will be the next to go."

Mike Fagan, Resource Stock Digest

"Skyharbour Resources Ltd. has announced the start of a multiphase, fully funded drill program at its key uranium holdings. . .phase one will consist of 5,000m across 10−12 holes at the 73,000-plus-hectare (282 sq mi) co-flagship Russell Lake uranium property. Phase two will comprise 3,000m across 8 to 10 holes at the adjacent 35,000-plus hectare (137 sq mi) co-flagship Moore uranium project."

Resource Stock Digest

"The combination of 100%-owned and partner-funded projects makes Skyharbour Resources Ltd. one to watch in the newly resurgent uranium bull market. . .tallying up the numbers, the company now has signed option agreements in place that could see partner companies contributing upwards of about CA$80M in combined exploration expenditures, cash payments and share issuances assuming these partner companies complete their entire earn-ins at the respective projects."

Mike Fagan, Resource Stock Digest

"Skyharbour Resources Inc. has announced a combined 8,000m winter drill program at its co-flagship Russell Lake and Moore uranium projects. . .with drill mobilization set to commence in the next couple of weeks, the company will embark on a 5,000m program across 10−12 holes over the course of the next several months at Russell Lake followed by 3,000m across eight to 10 holes at the adjacent Moore project."

Clive Maund,

"With Skyharbour Resources Ltd. now deeply oversold and at a support level, this looks like an excellent point to buy or add to positions ahead of renewed advance. . .after a normal correction, the company looks about ready to start another upleg. . .the accumulation line has held up very well on the correction, almost flatlining, which is bullish."

More Expert Comments

Experts Following This Company

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Michael Ballanger, Editor & Publisher – GGM Advisory Inc.
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
Clive Maund –
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 

2/15/2024 – Skyharbour's Partner Company Valor Resources Completes Earn-In of Interest and Forms Joint-Venture with Skyharbour at Hook Lake Uranium Project in the Athabasca Basin

2/8/2024 – Skyharbour Partner Company Tisdale Clean Energy Plans Initial Phase One Drill Program at the South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

1/30/2024 – Skyharbour Commences Diamond Drilling Campaign at its Russell Lake and Moore Uranium Projects, Saskatchewan

1/25/2024 – Skyharbour's Partner Azincourt Energy to Drill Test Clay Alteration at the East Preston Uranium Project

1/18/2024 – Skyharbour Announces Additional Uranium Property Acquisitions in the Athabasca Basin, Saskatchewan, as well as Marketing Contracts

1/10/2024 – Skyharbour to Carry Out Winter Diamond Drilling Program Totalling Combined 8,000 Metres at its Russell Lake and Moore Uranium Projects, Saskatchewan

12/21/2023 – Skyharbour Announces Additional Uranium Property Staking in the Athabasca Basin, Saskatchewan

12/19/2023 – Skyharbour's Partner Company North Shore Uranium Provides Exploration Update with Drilling Planned in Q1 2024 at Falcon 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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2024/2/21 4:03:57


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Fundamental Research Corp.Siddharth Rajeev
Red Cloud SecuritiesDavid Talbot

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

*Share Structure as of 2/19/2024
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
Continued drilling at co-flagship Russell and Moore Lake projects
Drilling and exploration programs to be carried out by partner companies
Formation of new JV and option partners ? Prospect Generator Model
Uranium market continues to gain momentum as nuclear energy acceptance grows