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Skyharbour Resources Ltd. (SYHBF) generates frequent news tied to uranium exploration in Canada’s Athabasca Basin. Company and partner updates cover drilling results, new discoveries, project staking, and strategic agreements across a broad portfolio of uranium exploration properties.
Recent Skyharbour news includes detailed drilling results from the Moore Uranium Project, where the company reports high-grade uranium intersections at the Main Maverick Zone and work at additional targets such as Maverick East, Maverick West, Esker, Nomad, and Nutana. Releases also describe new target areas, structural corridors, and alteration zones that refine the geological model at Moore.
Another major news theme is the Russell Lake Uranium Project, where Skyharbour has entered into a strategic agreement with Denison Mines to create four joint ventures. News items outline the ownership structure of the Wheeler North, Russell Lake (RL), Wheeler River Inliers, and Getty East joint ventures, as well as Denison’s earn-in options and funding commitments for exploration programs.
Skyharbour also reports on extensive property staking that expands its land position across multiple new and existing projects in northern Saskatchewan. Additional news comes from partner-led programs, including Orano’s work at the Preston Project, Terra Clean Energy’s drilling at South Falcon East, UraEx Resources’ drilling at South Dufferin, and North Shore Uranium’s prospecting at the Falcon Project.
Investors following SYHBF news can expect updates on uranium drill results, geophysical surveys, new claim acquisitions, joint venture transactions, and exploration plans across Skyharbour’s portfolio. This news flow provides insight into how the company and its partners are advancing multiple uranium targets in the Athabasca Basin region.
Skyharbour (OTCQX:SYHBF) announced a major 2026 exploration campaign across the newly reorganized Russell Lake Joint Ventures with Denison, planning over 15,000 metres of diamond drilling at Wheeler North, RL, and Getty East. Work includes an immediate 2,500m winter program at Fox Lake Trail, ~7,500m (13 holes) at Wheeler North (Denison-operated), ~4,000–5,000m at RL (Skyharbour-operated), and ~3,600m at Getty East. Denison holds earn-in options to increase to 70% on some properties and is sole-funding portions of the 2026 work; Skyharbour forecasts >30,000m across its portfolio in 2026.
Skyharbour Resources (OTCQX: SYHBF) reported 2025 Moore Project drill results, including hole ML25-15 returning 4.84% U3O8 over 4.4 m with a higher-grade interval of 11.77% U3O8 over 1.6 m from 264.4 m. The company identified a new regional target, the Nomad Zone, ~1.7 km SW of Maverick showing intense alteration and faulting. Dry bulk density from the high-grade interval ranged 2.20–3.88 g/cc. Skyharbour plans a multi‑phased 2026 drill program of ~8,000–10,000 m (winter phase ~5,000–6,000 m) to follow up Maverick, Nomad and Esker targets.
Skyharbour (OTCQX: SYHBF) staked 40 new uranium claims in northern Saskatchewan, adding 64,913 hectares and increasing its total land holdings to 662,887 hectares across 43 projects in and around the Athabasca Basin.
The newly staked claims are 100% owned and will be included in the company’s prospect generator model to seek strategic partners. Key highlights include a Carter North property with a historical 240 ppm U lake-sediment anomaly and a 155 ppb Au near-unconformity sample, expansion of the Yurchison and South Dufferin portfolios, and numerous projects with limited modern diamond drilling.
Denison (NYSE: DNN) closed a transaction with Skyharbour and formed four exploration joint ventures on claims from Skyharbour's Russell Lake project located adjacent to Denison's Wheeler River.
Key terms: Denison will be operator and hold 49% of Wheeler North and 70% of Wheeler River Inliers; Denison holds 20% of Russell Lake and 30% of Getty East where Skyharbour will be operator. Denison has option agreements to increase its interest in Wheeler North and Getty East to up to 70%.
The announcement notes prior regulatory milestones for Wheeler River: provincial EA approval in July 2025 and conclusion of the CNSC public hearing in December 2025.
Skyharbour (OTCQX: SYHBF) closed a Strategic Agreement with Denison Mines on Dec 17, 2025 to form four joint ventures across the Russell Lake uranium project with combined project consideration of up to CAD $61.5 million.
Consideration includes $10.0M cash paid, an additional $8.0M payable in cash and shares by Dec 31, 2025, and up to $43.5M in expenditures/cash for Denison to earn 20%–70% interests over seven years. Skyharbour remains operator and 80% owner of the RL claims (53,192 ha) and holds over $11M in treasury going into 2026.
Skyharbour (OTCQX: SYHBF) and joint-venture partner Orano announced a substantial 2026 exploration program at the 49,635-hectare Preston uranium project in the western Athabasca Basin.
Planned work includes an Airborne Gravity Gradiometry (AGG) survey over the northern priority corridor, follow-up detailed ground gravity surveys, and a summer 2026 diamond drilling campaign of approximately 3,000–3,500 metres across ~10 helicopter-supported holes. Orano is the project operator and majority owner with 74.7% interest; Skyharbour holds a 25.3% minority interest. The program targets FSAN and Canoe Lake grids after encouraging 2024–2025 results that confirmed multiple graphitic shear zones and alteration zones.
Skyharbour (OTCQX: SYHBF) entered a Strategic Agreement with Denison Mines on Nov 17, 2025 to form four joint ventures at the Russell Lake uranium project with combined project consideration of up to CAD $61.5 million.
The deal includes up to $21.5M in cash or Denison shares (including $18.0M before year-end) and up to $40.0M in exploration expenditures, with Denison earning between 20%–70% interest across four claim groups and Skyharbour retaining operator status on most RL claims.
Skyharbour (OTCQX: SYHBF) partner Terra Clean Energy announced that the Fraser Lakes B Deposit has been recognized by the Government of Canada as an active rare earth element (REE) deposit on Oct 15, 2025. The deposit contains REE oxides including La2O3, Ce2O3, Yb2O3, Y2O3 alongside uranium and thorium mineralization.
Under the existing option agreement, Terra will fund CAD $10,500,000 in exploration and pay Skyharbour CAD $11,100,000 (up to CAD $6,500,000 payable in Terra shares) over the earn-in period. The project hosts a historical inferred resource of 6.9M lbs U3O8 and 5.3M lbs ThO2.
Skyharbour (OTCQX: SYHBF) partner North Shore Uranium completed a prospecting program at the Falcon Project (Athabasca Basin margin) and confirmed significant surface radioactivity at multiple targets.
Highlights include scintillometer readings up to 27,000 cps (FA025), 20,000 cps (FA020), boulders up to 7,000 cps, and historic outcrop assays up to 0.492% U3O8. Seventy-four rock samples were submitted to SRC lab; assay results are pending. North Shore may earn an initial 80% interest by issuing CAD 1,225,000 in shares, paying CAD 525,000 cash and spending CAD 3,550,000 on exploration over three years, with an option to acquire the remaining 20% for CAD 5,000,000 in shares plus CAD 5,000,000 cash.
Skyharbour Resources (OTCQX: SYHBF) has significantly expanded its uranium exploration portfolio through strategic staking of 21 new claims in Saskatchewan's Athabasca Basin. The expansion increases the company's total land position to 616,939 hectares across 37 projects.
The newly acquired properties include the Haultain Project (6,607 ha), Bonville Project (1,497 ha), and several other strategic claims. These additions complement Skyharbour's existing prospect generator business model, where the company seeks strategic partners to advance assets through earn-in and joint venture agreements.
Notable among the available projects is the Foster Project, featuring significant uranium occurrences including the Great Plains Showing and Red October Zone, with historical samples returning up to 657 ppm uranium and 6,644 ppm rare earth elements.