Skyharbour Resou Stock Price, News & Analysis

Skyharbour Resources (SYHBF) and its joint venture partner Orano Canada have announced a major diamond drilling program at the Preston Uranium Project in Saskatchewan's western Athabasca Basin. The summer 2025 program will comprise 6,000-7,000 meters of drilling across up to 28 holes, targeting three primary areas: Johnson Lake, Canoe Lake, and FSAN zones.

The drilling will test high-priority targets at depths between 200-350 meters. Orano, holding a 53.3% majority stake in the project, will operate the program, while Skyharbour maintains a 25.6% interest. The announcement follows Orano's 2024 exploration activities, which included electromagnetic surveys, ground gravity surveys, and geochemical sampling.

Skyharbour Resources partner Terra Clean Energy announces plans for a summer drill program at the South Falcon East Uranium Project near the Athabasca Basin. The program will consist of approximately 2,500 metres of drilling, targeting an area highlighted in the Winter 2025 program.

The project, located 18 km outside the Athabasca Basin and 50 km east of the Key Lake Uranium Mill, will focus on testing intersections of key uranium indicators including graphitic metasediments, brittle structures, clay alteration, and hematite alteration. The $2.0 million helicopter-supported program will include 7-10 diamond drill holes.

Under the Option Agreement, Terra can earn a 75% interest by funding CAD $10.5 million in exploration and paying Skyharbour CAD $11.1 million, of which $6.5 million can be settled in Terra shares. Operations are expected to commence in June 2025, managed by TerraLogic Exploration.

Skyharbour Resources (SYHBF) announces completion of winter drilling program at South Falcon East Uranium Project by partner Terra Clean Energy. The program, consisting of seven diamond drill holes totaling 1,927m, yielded promising results with uranium mineralization in six holes.

Key findings include hole SF0065 showing 0.02% eU3O8 over 17.5m with peaks of 0.16% eU3O8, and SF0067 returning 0.03% eU3O8 over 4.0m. The drilling expanded the mineralized footprint and confirmed deposit continuity, with mineralization remaining open to the north and northeast.

The project, located 18km outside the Athabasca Basin and 50km east of Key Lake Uranium Mill, shows potential for open-pit mining due to shallow mineralization at 150m depth. Terra plans a follow-up summer drilling program targeting a possible basement-hosted unconformity uranium deposit.

Skyharbour Resources (SYHBF) announces its partner North Shore Uranium has executed an exploration agreement with English River First Nation (ERFN) for the Falcon property in Saskatchewan's Athabasca Basin. North Shore can acquire an initial 80% interest in Falcon by issuing CAD $1,225,000 in shares, making CAD $525,000 in cash payments, and spending CAD $3,550,000 in exploration.

The Falcon Project spans approximately 42,908 hectares and is located 50 km east of the Key Lake mine. North Shore has identified 36 uranium targets associated with electromagnetic conductor anomalies. Recent drilling discovered near-surface uranium mineralization at two previously undrilled targets. Historical sampling revealed uranium concentrations up to 0.492% U3O8 at the EWA target.

North Shore can acquire the remaining 20% interest by issuing shares worth CAD $5,000,000 and making a CAD $5,000,000 cash payment within 90 business days of earning the initial 80%. Otherwise, a joint venture will be formed with Skyharbour retaining 20%.

Skyharbour Resources (SYHBF) announces partner Terra Clean Energy has completed its first three drill holes at the South Falcon East Uranium Project, hosting the Fraser Lakes B Uranium Deposit. The ongoing program, expected to complete over 2,000 metres of drilling in March, is located 18 km outside the Athabasca Basin.

Key drilling results include Hole SF063, which intersected multiple structures and a 51-metre wide interval of mineralized granitic pegmatites, showing highlights of 0.03% eU3O8 over 12.0m (173.55m-185.55m) and 0.03% eU3O8 over 3.0m (213.65m-216.65m). The hole also revealed intense clay alteration typically associated with uranium deposits.

Under the Option Agreement, Terra can earn a 75% interest by funding CAD $10.5M in exploration and paying Skyharbour CAD $11.1M in cash, of which $6.5M can be settled in Terra shares.

Skyharbour Resources (SYHBF) announces its partner North Shore Uranium's exploration update at the Falcon Uranium Project in Saskatchewan's Athabasca Basin. North Shore has identified 36 uranium targets at Falcon, with significant discoveries made in 2024 including uranium mineralization at targets P03 and P08, showing values up to 378 ppm and 572 ppm U3O8 respectively.

The project is strategically located 30 km east of the Key Lake uranium mill. North Shore is focusing on the South Priority Area in Zone 1 and South Walker Area in Zone 2, believing these new uranium occurrences could be part of a new mineralization trend. North Shore can acquire an 80% interest in Falcon by issuing CAD $1,225,000 in shares, making CAD $525,000 in cash payments, and spending CAD $3,550,000 in exploration over three years.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) has commenced its 2025 drilling campaign at the Russell Lake Uranium Project in Saskatchewan. The company owns 57.7% of the 73,314-hectare project as operator, with Rio Tinto Exploration Canada owning 42.3%. The initial phase consists of a 5,000-metre diamond drilling program across 10-12 holes, focusing on the Fork, Sphinx, M-Zone Extension, and Fox Lake Trail targets.

This is part of Skyharbour's largest annual drill campaign ever, with plans for 16,000-18,000 metres across 35-45 holes at its Russell Lake and Moore Uranium Projects throughout 2025. The company is fully funded for these programs, which will provide steady news flow.

The Fork target, where a new high-grade uranium discovery was made in 2024 with intercepts up to 3.0% U3O8, will be a high-priority target. The project is strategically located between Cameco's Key Lake and McArthur River Projects, with excellent infrastructure including an all-weather road and powerline access.

Skyharbour Resources (SYHBF) announces that partner Terra Clean Energy has begun mobilizing crew and equipment for an extensive winter drill program at the South Falcon East Uranium Project. The program will consist of up to 2,500 meters of drilling, focusing on expanding the Fraser Lakes B Uranium Deposit.

The project, located 18km outside the Athabasca Basin and 50km East of the Key Lake uranium mill, is under an option agreement where Terra can earn a 75% interest by funding CAD $10.5M in exploration and paying Skyharbour CAD $11.1M in cash (of which $6.5M can be settled in shares).

Terra's 2024 inaugural drill program confirmed uranium mineralized pegmatites and graphitic pelitic paragneiss along the Way Lake Conductor. The 2025 program aims to extend the mineralized footprint and test nearby targets, with previous drilling highlighting promising results including 0.165% U3O8 over 2.0 metres.

Skyharbour Resources (SYHBF) and joint-venture partner Orano Canada have announced a major exploration program at the Preston Uranium Project for 2025. The program includes a 6,000-7,000 metre helicopter-supported diamond drilling campaign across approximately 26 holes, averaging 250 metres depth.

The drilling will focus on multiple target areas including the untested Johnson Lake grid and Canoe Lake grid, with potential expansion to the FSAN-North and West Preston Grids. The program aims to test several conductive trends and structural environments analogous to significant uranium deposits in the region.

The announcement follows Orano's 2024 exploration activities at Preston, which included 35.6 km of ground electromagnetic surveys, 2,295 gravity stations, and over 1,100 soil samples. Orano currently holds a 53.3% interest in the joint venture, with Skyharbour maintaining a 25.6% stake.