SKYHARBOUR RES LTD ORD - SYHBF STOCK NEWS

Skyharbour Resources has entered into an option agreement with North Shore Energy Metals, allowing North Shore to acquire up to 100% interest in the South Falcon Property in Saskatchewan. North Shore has the opportunity to earn an initial 80% interest by fulfilling commitments of CAD $5.3 million and can purchase the remaining 20% for CAD $10 million. The Property contains eleven mineral claims and has significant potential for uranium deposits.

Skyharbour Resources Ltd. (TSX-V: SYH) has successfully acquired a 100% interest in the South Dufferin Uranium Project from Denison Mines Corp. This project encompasses 12,282 hectares in the high-grade uranium-rich Athabasca Basin. With this acquisition, Skyharbour increases its total land holdings to approximately 504,356 hectares across 24 properties. The South Dufferin Project is positioned to enhance Skyharbour's existing portfolio, providing new opportunities for strategic partnerships and exploration. The agreement also includes the issuance of 6 million shares and 1 million share purchase warrants to Denison, signaling a strong collaborative future. The property has been assessed as drill-ready, indicating a promising outlook for future exploration initiatives.

Skyharbour Resources has successfully staked eight new uranium exploration properties in the Athabasca Basin, adding 34,022 hectares to its portfolio, which now totals 492,074 hectares across twenty-three properties. This strategic acquisition positions the company advantageously in a world-renowned mining region. The new properties, free of royalties, will complement Skyharbour's ongoing 10,000m drill program at Russell Lake and are part of its prospect generator model. CEO Jordan Trimble highlighted that these new assets enhance the company’s exploration capabilities and provide ground for potential joint ventures. Notably, the company has established partnerships resulting in over $34 million in exploration expenditures from option agreements. The new projects are predominantly underexplored, offering significant upside potential for mineral discovery as uranium market fundamentals improve.

Skyharbour Resources Ltd. announced the completion of its 2023 exploration program at the East Preston uranium project in Saskatchewan, Canada. The program, conducted by Azincourt Energy, involved drilling 3,066 meters across 13 holes, focusing on the G, K, H, and Q zones. Key findings include significant hydrothermal alteration and elevated radioactivity in several holes. The company anticipates lab results for 687 samples collected to begin arriving in May. Skyharbour retains a minority interest in the project after Azincourt's successful earn-in of a 70% working interest following CAD $2.5 million in exploration expenditures and cash payments.

Skyharbour Resources Ltd. (SYHBF) has provided an update on its East Preston exploration program in Saskatchewan, where drilling commenced on February 2, 2023. The program includes 3,000 metres of drilling across twelve holes, focusing on alteration zones and uranium potential. To date, 1,686 metres have been drilled, with significant alteration zones identified in the K and H Zones. The winter 2023 program aims to evaluate previously identified uranium targets, with the K-Zone showing promising signs of mineralization. The company emphasizes community engagement with local nations and aims to maximize shareholder value through mineral discoveries.

Skyharbour Resources has announced an Exploration Agreement with the English River First Nation for its Russell Lake and Moore Uranium Projects. This Agreement aims to create a cooperative relationship between the parties, enabling efficient exploration while supporting community development and environmental protection. The Russell Lake Project covers 73,294 hectares and is strategically located near major uranium projects, enhancing accessibility. Historical drilling has surpassed 95,000 meters with promising exploration targets. Meanwhile, the Moore Project spans 35,705 hectares and features high-grade uranium mineralization, with significant past drill results. This collaboration signals a commitment to responsible resource development.