Skyharbour Resou Stock Price, News & Analysis

Skyharbour Resources announces that its partner, North Shore Uranium, has provided an update on target generation efforts at the Falcon uranium project in Saskatchewan's Athabasca Basin. North Shore has identified 36 uranium targets at Falcon, with 15 in Zone 2. The company is evaluating areas with previous drilling and new target areas.

Key focus areas in Zone 2 include the South Walker Area, target FA020 (EWA showing), and targets FA011 and FA019. The South Walker Area has a strong EM conductor system and previous drilling, with plans for further exploration. Target FA020 includes the EWA showing, where up to 0.492% U3O8 was found in outcrop samples.

North Shore can acquire an 80% interest in Falcon by issuing shares worth CAD $1,225,000, making cash payments of $525,000, and incurring $3,550,000 in exploration expenditures over three years.

Skyharbour Resources (TSX-V: SYH, OTCQX: SYHBF, Frankfurt: SC1P) announced an option agreement with UraEx Resources Inc. for its South Dufferin and Bolt Uranium Projects in the Athabasca Basin, Saskatchewan. UraEx can acquire up to 100% interest in the 18,000-hectare property through CAD $9,800,000 in combined project consideration over five years, including cash, shares, and exploration expenditures.

To earn an initial 51% interest, UraEx will issue shares worth CAD $1,150,000, make cash payments of CAD $450,000, and incur CAD $3,000,000 in exploration expenditures over three years. Further, UraEx can achieve a 75% interest by issuing shares worth CAD $500,000, making a CAD $200,000 cash payment, and spending an additional CAD $1,500,000 on exploration. To acquire the remaining 25%, UraEx will issue shares worth CAD $2,000,000 and make a CAD $1,000,000 cash payment.

The South Dufferin project covers 13,204 hectares and has significant exploration potential for basement-hosted uranium. The Bolt project spans 4,726 hectares and shows potential for uranium, thorium, and rare earth element mineralization.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) has appointed Brady Rak as the Company's VP of Business Development. Mr. Rak brings over a decade of experience in the investment management industry to Skyharbour. The company's President and CEO, Jordan Trimble, expressed enthusiasm about the appointment, highlighting Rak's capital markets experience and industry knowledge.

Trimble stated that Rak joins Skyharbour at a pivotal time, with drilling underway at core projects and a growing prospect generator business. The company aims to leverage Rak's expertise and network to continue its growth trajectory.

Skyharbour Resources announces that its partner, North Shore Uranium, has received a Crown Land Work Authorization permit for the Falcon uranium project in Saskatchewan's Athabasca Basin. The permit, valid until July 31, 2027, allows for mineral exploration activities including drilling up to 75 exploration holes. North Shore can acquire an 80% interest in Falcon by issuing shares worth CAD $1,225,000, making cash payments of $525,000, and incurring $3,550,000 in exploration expenditures over three years.

North Shore has identified 36 uranium targets at Falcon and aims to select the top ten for the next drill program. The project, covering 42,908 hectares, is located near the Key Lake mine and has shown historical uranium mineralization in shallow depths. The exploration focus will be on basement-hosted, unconformity-related uranium deposits and pegmatite/granite-hosted U-Th-REE mineralization.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) announced an update on its partner company North Shore Uranium's exploration activities at the Falcon Uranium Project in Saskatchewan. North Shore is earning an 80% interest in Falcon by issuing shares worth CAD $1,225,000, making cash payments of $525,000, and incurring $3,550,000 in exploration expenditures over three years.

North Shore has identified 36 uranium targets at Falcon, with 12 in Zone 1. In early 2024, they discovered near-surface uranium mineralization in two drill holes. The company is prioritizing targets based on EM conductor systems, structural interpretation, gravity and radiometrics data, and historical exploration datasets.

Three priority target areas in Zone 1 have been identified for potential future drilling, including a 3.0km trend where uranium was discovered. North Shore plans to continue target prioritization to maximize success in its next drill program.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) has appointed Serdar Donmez as Vice President of Exploration. Mr. Donmez, a seasoned geoscientist with nearly two decades of experience in uranium exploration and development, brings valuable expertise to Skyharbour's team. His background includes a 17-year tenure at Denison Mines Corp., where he played a important role in advancing uranium projects, particularly the Phoenix and Gryphon deposits at Wheeler River.

Mr. Donmez's appointment aligns with Skyharbour's ongoing exploration efforts at its Russell and Moore Lake projects, where recent drilling has revealed high-grade uranium mineralization. The company has a 2,500m drill program underway at Moore and plans an additional 4,000-5,000m program at Russell this fall. His expertise is expected to be instrumental in advancing these projects and expanding Skyharbour's resource base in the Athabasca Basin.

Skyharbour Resources (TSX-V:SYH) (OTCQX:SYHBF) has commenced a 2,500 metre summer diamond drilling program at its 100% owned Moore Uranium Project in Saskatchewan's Athabasca Basin. The program aims to expand and further characterize the high-grade Main Maverick and Maverick East Zones. Highlights include:

- Seven to nine holes planned
- Fully funded and permitted for this program and additional 4,000-5,000 metres at Russell Lake project
- Focus on expanding mineralized zones between 250-280 metres from surface
- Utilizing existing Moore Lake camp and McGowan Lake camp at Russell Lake

The company plans to leverage local infrastructure to reduce drilling costs. Previous drilling at Moore yielded high-grade results, including 6.0% U3O8 over 5.9 metres at the Main Maverick Zone and 1.79% U3O8 over 11.5 metres at the Maverick East Zone.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) has entered into an agreement with Cosa Resources Corp. to sell two mineral claims, comprising approximately 6,049 hectares, from its Karin Property in Saskatchewan. In exchange, Skyharbour will receive 250,000 common shares of Cosa. The claims are located about 22 km south of the Key Lake Mill and were originally acquired through low-cost, online staking.

Skyharbour retains ownership of five adjacent claims, constituting the new Karin Project, which now covers 19,116 hectares. The project is prospective for both unconformity-related and pegmatite-hosted uranium mineralization. Historical exploration in the area has revealed potential for uranium deposits and intrusive-related REEs, with recent exploration uncovering a pegmatite outcrop containing uranium, niobium, and tantalum.

Skyharbour Resources announced positive assay results from its 2024 winter drilling at the Moore Uranium Project, with a significant highlight of 7.30% U3O8 over 3.0m in hole ML24-08. The drilling program covered 2,864 metres in nine holes, primarily focusing on the Main Maverick Zone.

The company plans a fully-funded summer drilling program, totaling 7,000-8,000 metres across the Moore and Russell Lake projects. Preparation is underway for a 2,500-3,000 metre program at Moore and a 4,500-5,000 metre follow-up at Russell Lake.

Significant results include high-grade mineralization in hole ML24-08 (265.5m-270.5m depth) and hole ML24-03 (266.8m-278.3m depth). All holes at the Main Maverick Zone showed substantial uranium mineralization.

Exploratory holes at Grid 19 revealed anomalous geochemistry, suggesting further potential. The Company aims to further expand and delineate mineralized zones in upcoming drilling programs.