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Skyharbour Appoints Athabasca Basin Veteran, Serdar Donmez, as Vice President of Exploration

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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) ha nominato Serdar Donmez come Vice Presidente per l'Esplorazione. Il signor Donmez, un esperto geoscienziato con quasi due decenni di esperienza nell'esplorazione e sviluppo dell'uranio, porta preziosa competenza nel team di Skyharbour. Il suo background include un'esperienza di 17 anni presso Denison Mines Corp., dove ha svolto un ruolo importante nell'avanzamento dei progetti di uranio, in particolare nei giacimenti Phoenix e Gryphon a Wheeler River.

La nomina del signor Donmez è in linea con gli sforzi di esplorazione in corso da parte di Skyharbour nei progetti di Russell e Moore Lake, dove recenti perforazioni hanno rivelato mineralizzazioni di uranio di alta qualità. L'azienda ha un programma di perforazione di 2.500m in corso a Moore e prevede un ulteriore programma di 4.000-5.000m a Russell questo autunno. La sua esperienza è attesa come fondamentale per fare progressi in questi progetti e ampliare la base di risorse di Skyharbour nella Fossa di Athabasca.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) ha nombrado a Serdar Donmez como Vicepresidente de Exploración. El Sr. Donmez, un geocientífico con casi dos décadas de experiencia en la exploración y desarrollo de uranio, aporta una valiosa experiencia al equipo de Skyharbour. Su trayectoria incluye 17 años en Denison Mines Corp., donde desempeñó un papel importante en el avance de proyectos de uranio, en particular los depósitos Phoenix y Gryphon en Wheeler River.

El nombramiento del Sr. Donmez coincide con los esfuerzos de exploración en curso de Skyharbour en sus proyectos de Russell y Moore Lake, donde recientes perforaciones han revelado mineralización de uranio de alta calidad. La compañía tiene un programa de perforación de 2,500m en curso en Moore y planea un programa adicional de 4,000-5,000m en Russell este otoño. Se espera que su experiencia sea fundamental para avanzar en estos proyectos y ampliar la base de recursos de Skyharbour en la cuenca de Athabasca.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF)는 Serdar Donmez를 탐사부 부사장으로 임명했습니다. Donmez 씨는 거의 20년의 우라늄 탐사 및 개발 경험을 가진 숙련된 지구과학자로 Skyharbour 팀에 귀중한 전문성을 더합니다. 그의 경력에는 Denison Mines Corp.에서 17년 동안 근무한 경험이 포함되어 있으며, 이곳에서 그는 Wheeler River의 Phoenix 및 Gryphon 광상과 같은 우라늄 프로젝트의 발전에 중요한 역할을 했습니다.

Donmez 씨의 임명은 Skyharbour의 Russell 및 Moore Lake 프로젝트에서 진행 중인 탐사 노력과 일치하며, 최근 드릴링에서는 고급 우라늄 광화가 발견되었습니다. 이 회사는 Moore에서 2,500m 드릴 프로그램을 진행 중이며 이번 가을에 Russell에서 추가 4,000-5,000m 프로그램을 계획하고 있습니다. 그의 전문성은 이 프로젝트를 발전시키고 Athabasca 분지에서 Skyharbour의 자원 기반을 확장하는 데 중요한 역할을 할 것으로 기대됩니다.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) a nommé Serdar Donmez au poste de Vice-Président de l'Exploration. M. Donmez, un géoscientifique chevronné avec près de deux décennies d'expérience dans l'exploration et le développement de l'uranium, apporte une précieuse expertise à l'équipe de Skyharbour. Son parcours comprend 17 années chez Denison Mines Corp., où il a joué un rôle important dans l'avancement des projets d'uranium, notamment les dépôts Phoenix et Gryphon au Wheeler River.

La nomination de M. Donmez s'inscrit dans le cadre des efforts d'exploration en cours de Skyharbour sur ses projets de Russell et Moore Lake, où de récentes forages ont révélé une minéralisation d'uranium de haute qualité. L'entreprise a un programme de forage de 2 500 m en cours à Moore et prévoit un programme supplémentaire de 4 000 à 5 000 m à Russell cet automne. Son expertise devrait être essentielle pour faire avancer ces projets et élargir les bases de ressources de Skyharbour dans le bassin d'Athabasca.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) hat Serdar Donmez zum Vice President of Exploration ernannt. Herr Donmez, ein erfahrener Geowissenschaftler mit fast zwei Jahrzehnten Erfahrung in der Uranexploration und -entwicklung, bringt wertvolles Know-how in das Team von Skyharbour ein. Sein Hintergrund umfasst eine 17-jährige Tätigkeit bei Denison Mines Corp., wo er eine wichtige Rolle bei der Weiterentwicklung von Uranprojekten spielte, insbesondere bei den Phoenix- und Gryphon-Lagerstätten am Wheeler River.

Die Ernennung von Herrn Donmez steht im Einklang mit den laufenden Explorationsbemühungen von Skyharbour in den Projekten Russell und Moore Lake, wo kürzliche Bohrungen hochgradige Uranmineralisierungen revealed haben. Das Unternehmen hat ein 2.500m Bohrprogramm in Moore in Arbeit und plant im Herbst ein weiteres 4.000-5.000m Programm in Russell. Seine Expertise wird als entscheidend für den Fortschritt dieser Projekte und die Erweiterung der Ressourcenbasis von Skyharbour im Athabasca-Becken angesehen.

Positive
  • Appointment of Serdar Donmez, an experienced uranium exploration expert, as VP of Exploration
  • Ongoing 2,500m drill program at Moore Lake project
  • Planned 4,000-5,000m drilling program at Russell Lake project for fall 2024
  • Recent drilling identified high-grade, multi-percent sandstone-hosted uranium mineralization at both projects
Negative
  • None.

Vancouver, BC, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd.’s (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce the appointment of Serdar Donmez, a recognized geoscientist with decades of experience in uranium exploration and development, as Vice President of Exploration. Mr. Donmez will be working with the rest of Skyharbour’s geological team based in Saskatoon.

As a highly experienced geoscientist with nearly two decades of expertise in uranium exploration and development, Mr. Donmez has played an active role in numerous grassroots and advanced uranium exploration projects in northern Saskatchewan and Zambia. Mr. Donmez has an Engineering Degree in Geology and is a registered Professional Geoscientist with the Association of Professional Engineers and Geoscientists of Saskatchewan.

During his 17-year tenure at Denison Mines Corp., Mr. Donmez was pivotal in advancing numerous uranium exploration and development projects. He was involved in various capacities with the Phoenix and Gryphon uranium deposits on Denison’s Wheeler River project, from initial discovery to the completion of the Feasibility Study in 2023. As Resource Geology Manager, he was integral to the development of mineral resource estimates and NI 43-101 technical reports for several advanced exploration projects in the Athabasca Basin. Additionally, he was part of a team exploring the application of in-situ recovery mining techniques for high-grade uranium deposits in the Athabasca Basin.

Mr. Donmez’s extensive experience in advancing Athabasca Basin uranium projects, particularly his work at the Phoenix and Gryphon deposits at Wheeler River, aligns very well with Skyharbour's exploration and drilling initiatives at its co-flagship adjacent Russell and Moore Lake projects. Recent drilling this year at both projects has identified high-grade, multi-percent sandstone-hosted uranium mineralization. With a fully-funded, 2,500m drill program already underway at Moore and an additional 4,000-5,000m drilling program scheduled for Russell this fall, Mr. Donmez's expertise will be invaluable in advancing these projects and unlocking further value going forward.

Mr. Donmez’s deep understanding of the discovery process in the Athabasca Basin along with his experience in implementing innovative exploration and development techniques positions him to play a critical role in advancing both projects as the Company continues to make new discoveries and expand its resource base.

Jordan Trimble, President and CEO of Skyharbour stated: “Serdar brings an incredible wealth of experience to the Skyharbour technical team and has specific exploration and development expertise in the southeastern portion of the Athabasca Basin where our core projects are located. His many years of work at Wheeler River will prove to be invaluable at our Russell and Moore projects as we look to generate and expand on new discoveries as well as delineate high grade uranium resources in similar geological settings. The ability to attract such a talented and seasoned individual to the team is a testament to our portfolio of projects and multi-faceted strategy in the Athabasca Basin where Serdar will also be working to help manage and expand our prospect generator business.”

Furthermore, in his most recent role, Mr. Donmez served as Vice President of Exploration at 92 Energy Ltd. until its acquisition by Atha Energy Corp. in April 2024. Following the acquisition, he transitioned to the role of Director of Exploration, where he helped in target generation for drilling programs at Atha’s Angilak and Gemini projects in Nunavut and northern Saskatchewan.

Serdar Donmez, Vice President of Exploration of Skyharbour, stated: “I am thrilled to join the Skyharbour team, which has a proven track record in developing and advancing high-profile uranium exploration projects in the Athabasca Basin. Skyharbour’s impressive portfolio includes flagship projects like Moore Lake and Russell Lake, where notable high-grade uranium mineralization has been discovered in multiple zones. I look forward to leading the technical team in advancing our exploration initiatives and demonstrating the substantial growth potential that exists within our projects.”

About 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 580,000 hectares (over 1.4 million acres) of land. Skyharbour has 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 that returned drill results of up to 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 several high-grade uranium drill intercepts over a large property area with robust exploration upside potential. The Company is actively advancing these projects through exploration and drill programs.

Skyharbour has joint-ventures with industry-leader Orano Canada Inc., Azincourt Energy and Thunderbird Resources (previously Valor) at the Preston, East Preston and Hook Lake Projects, respectively. The Company also has several active earn-in option partners including: CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at the Yurchison Project; North Shore Uranium at the Falcon Project; and TSX-V listed Tisdale Clean Energy at the South Falcon East Project which is host to the Fraser Lakes Zone B Uranium and Thorium Deposit. 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 cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:

https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-02-14_V2.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

SKYHARBOUR RESOURCES LTD.

“Jordan Trimble”
_________________________________

Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
‎Skyharbour Resources Ltd.
‎Telephone: 604-558-5847
‎Toll Free: 800-567-8181
‎Facsimile: 604-687-3119
‎Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.


FAQ

Who is Serdar Donmez and what is his new role at Skyharbour Resources (SYHBF)?

Serdar Donmez is a geoscientist with nearly two decades of experience in uranium exploration and development. He has been appointed as the new Vice President of Exploration at Skyharbour Resources (SYHBF).

What experience does Serdar Donmez bring to Skyharbour Resources (SYHBF)?

Serdar Donmez brings 17 years of experience from Denison Mines Corp., where he was involved in advancing uranium projects, particularly the Phoenix and Gryphon deposits at Wheeler River. He also has expertise in mineral resource estimation and in-situ recovery mining techniques for high-grade uranium deposits.

What are Skyharbour Resources' (SYHBF) current exploration activities?

Skyharbour Resources (SYHBF) has a 2,500m drill program underway at its Moore Lake project and plans an additional 4,000-5,000m drilling program at its Russell Lake project for fall 2024. Recent drilling at both projects has identified high-grade uranium mineralization.

How might Serdar Donmez's appointment impact Skyharbour Resources' (SYHBF) projects?

Serdar Donmez's extensive experience in the Athabasca Basin is expected to be invaluable in advancing Skyharbour's Russell and Moore Lake projects, potentially leading to new discoveries and an expanded resource base for the company.

SKYHARBOUR RES LTD ORD

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