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 587,000 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 Skyharbours? srecently 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., 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 four 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 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 $33 million in partner-funded exploration expenditures, over $27 million worth of shares being issued and over $20 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.

Recent Articles:

Uranium Co.'s JV Partner Completes Winter Drilling in Athabascan Basin

Skyharbour Resources Ltd. announced partner Azincourt Energy Corp. has completed its 2024 winter drilling program at the East Preston uranium project in the Athabascan Basin. Read why one analyst thinks the potential upside leverage for such projects could be significant.

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Field Campaign Underway at Uranium Exploration Co.'s JV Project

Skyharbour Resources Ltd. announced that its joint venture (JV) partner, Orano, has started its comprehensive 2024 field campaign at the Preston uranium project in the western Athabascan basin. See why one analyst is bullish on this sector important to the clean energy transition.
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Uranium Explorer Stakes 5 New Projects

Skyharbour Resources Ltd. announced it has added 64,267 hectares to its Athabasca Basin holdings through low-cost staking. Find out why analysts are rating this stock a Buy.
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Drilling Equipment Mobilized to Uranium Project

Tisdale Clean Energy Corp. has begun mobilizing for Phase 1 of its drill program on the South Falcon East uranium project. Read on to see what analysts have to say about this company's stock.
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Expert Comments:

Marcus Giannini, Haywood Securities

"The current program at its Russell Lake uranium project is Skyharbour Resources Ltd.'s single largest, seasonal drill campaign to date. The company also plans on completing an additional 5,000m of drilling this summer, which is fully funded."

Mike Fagan, Resource Stock Digest

"Skyharbour Resources Ltd. has a robust portfolio of 29 Athabasca-based uranium exploration projects, 10 of which are drill ready, being advanced in a bullish uranium market; the company's sub-CA$100M market cap is considered small compared to some of its peers. Plus, you really cannot overstate the significance of having three very well-established strategic partners in Denison Mines, Orano and Rio Tinto."

SADIF Investment Analytics

"Skyharbour Resources Ltd.'s stock was upgraded to Above Average from Average. . .the company experienced a rise of 28.74% in its technicals. . .Skyharbour is a high quality company."

Fundamental Research Corp.

"Skyharbour Resources Ltd.'s partner company Tisdale Clean Energy completed two drill holes at the South Falcon East uranium project. . .Tisdale is awaiting results."

Fundamental Research Corp.

"Skyharbour Resources Ltd.'s partner North Shore Uranium identified elevated radioactivity in fault zones and alteration at the Falcon project. . .the maiden drill program intersected fault zones and alteration associated with uranium mineralization, at two out of three targets. North Shore is awaiting assay results."

Marcus Giannini, Haywood Securities

"The current drill program at Russell marks Skyharbour Resources Ltd.'s single largest, seasonal drill campaign to date. According to the company, it is fully funded and permitted for its current drill program and for follow-up drilling and other exploration programs later in 2024."

More Expert Comments

Experts Following This Company

headshot of Michael Ballanger
Michael Ballanger, Editor & Publisher – GGM Advisory Inc.
Jeff Clark, Analyst –
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 –
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 

6/25/2024 – Skyharbour and JV Partner Orano Announce Completion of Geophysics and Upcoming Commencement of Field Program at Preston Uranium Project

5/28/2024 – Azincourt Energy Completes East Preston Winter Drill Program, Athabasca Basin, Saskatchewam

5/28/2024 – Skyharbour's Partner Azincourt Completes Winter Drill Program at East Preston Uranium Project

5/16/2024 – Skyharbour's Partner Company North Shore Uranium Reports Drill Results at the Falcon Project with Uranium Mineralization Confirmed at Two Targets

4/3/2024 – Skyharbour and JV Partner Orano Commence 2024 Exploration Programs at the Preston Uranium Project 

4/1/2024 – Skyharbour Partner Company Tisdale Clean Energy Completes First Two Drill Holes at the South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

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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2024/6/25 8:32:16


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 4/4/2024
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