Skyharbour Resou - SYHBF STOCK NEWS

Skyharbour Resources Ltd. (SYHBF) announced the completion of its 2022 drilling program at the Mann Lake uranium project, with a total of 6,279 meters drilled over two phases. Phase two involved 2,776 meters of diamond drilling across four holes, targeting basement conductors and fault structures. The program aimed to define the unconformity and intersect uranium mineralization. Preliminary results include significant graphite mineralization and anomalous radioactive intervals. The project is poised for further development in 2023, with planned exploration programs at Mann Lake and the Wray Mesa project in Utah.

Skyharbour Resources announces a multi-phased drill campaign at its Russell Lake Uranium Project in Saskatchewan, covering 73,294 hectares. The campaign will consist of 10,000 meters of diamond drilling across three phases, fully funded to be completed by September 2023. The first phase will focus on the Grayling Zone, following historical high-grade uranium intersections. With significant historical exploration, including over 95,000 meters of drilling, the project is strategically located near key uranium mines and has several prospective targets.

Skyharbour Resources Ltd. has announced an option agreement with Tisdale Clean Energy Corp. dated October 19, 2022, allowing Tisdale to earn a 51% to 75% interest in the 12,464-hectare South Falcon East Property in Saskatchewan's Athabasca Basin. Tisdale will issue Skyharbour 1,111,111 shares, fund CAD $10.5 million in exploration, and pay CAD $11.1 million over five years. Skyharbour retains a minority interest and a 100% stake in adjacent claims. This partnership aims to enhance Skyharbour’s strategic project base, with plans for significant exploration activities ahead.

Skyharbour Resources Ltd. (SYHBF) released assay results from its 2022 spring diamond drilling program at the Moore Uranium Project in Saskatchewan. The program totaled 2,467 meters across seven holes, discovering uranium mineralization and strong structural disruption in multiple target areas. Notable results include 5.0 meters of 0.13% U₃O₈ in hole ML22-07. The company plans to advance its exploration efforts with additional drilling, fully funded for a larger campaign over the next year, and anticipates forthcoming updates from new drill programs, reflecting a positive outlook for the uranium market.

Skyharbour Resources Ltd. has upgraded to trade on the OTCQX Best Market under the symbol SYHBF, effective September 30, 2022. Moving from the OTCQB signifies meeting high financial standards and corporate governance. This transition enhances visibility among U.S. investors as the company positions itself within the growing uranium sector, driven by positive nuclear energy sentiment. Skyharbour holds an extensive portfolio of uranium projects in the Athabasca Basin, including the Moore Uranium Project, which has shown promising drill results.

Skyharbour Resources Ltd. has signed an option agreement with Yellow Rocks Energy to allow the latter to acquire up to 80% of the Wallee and Usam Island Uranium Properties in Saskatchewan, Canada. The agreement involves Yellow Rocks issuing shares valued at AUD $2,025,000, making a cash payment of AUD $50,000, and committing AUD $4,500,000 in exploration expenditures. The Wallee project spans approximately 20,765 hectares, while the Usam project covers 42,186 hectares. Skyharbour will retain a 2% NSR on all claims and aim to enhance shareholder value through strategic partnerships.

Skyharbour Resources Ltd. (SYHBF) announced that its partner Valor Resources has identified eleven new targets at the Hook Lake Uranium Project following an airborne gravity gradiometry survey. This survey aimed to detect gravity lows indicating potential uranium deposits. The final assay results from a previous diamond drilling program showed promising signs of uranium mineralization, with a peak of 160ppm U3O8 from a depth of 105.5m. The company plans follow-up exploration including radon surveys and lake sediment sampling to further assess these targets.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) announced the start of a phase two diamond drilling program at its Mann Lake uranium project, strategically located near significant uranium deposits. The drilling aims to explore targets identified in previous drilling and geophysical surveys, with approximately 4,000 meters of core drilling planned. The project, under an Option Agreement with Basin Uranium, is part of a CAD $4,850,000 investment strategy, including cash payments and exploration expenditures. The ongoing exploration seeks to discover additional uranium mineralization in a geopolitically favorable region.