Skyharbour Resou Stock Price, News & Analysis

Skyharbour Resources (OTCQX: SYHBF) partner Terra Clean Energy has announced significant results from its Winter 2025 drill program and plans for an immediate follow-up summer program at the South Falcon East Uranium Project. The winter program yielded notable intersections, including 18.1 metres at 0.03% U3O8 with higher-grade subintervals.

The upcoming summer program will consist of 2,500 metres of drilling with a C$2 million budget, targeting areas where key uranium mineralization indicators intersect. The project, located 18km outside the Athabasca Basin, hosts the Fraser Lakes B Uranium Deposit with a historical resource of 6.9 million pounds U₃O₈ at 0.03% U₃O₈.

Skyharbour Resources (OTCQX: SYHBF) announces that its partner UraEx Resources has initiated a 2,600-metre diamond drilling program at the South Dufferin Uranium Project in Saskatchewan's Athabasca Basin. The CAD $1.5 million fully-funded program will include 8-12 drill holes targeting uranium mineralization.

UraEx can earn up to 100% interest in the property through CAD $9.8 million in combined project consideration over five years. The 13,204-hectare property is strategically located near Cameco's Centennial deposit, which has reported historical drill results of up to 8.78% U3O8 over 33.9 metres.

The helicopter-supported program will focus on testing the southern extension of the Dufferin Lake Fault, marking the first drilling activity at the project in over six years.

Skyharbour Resources (OTCQX: SYHBF) announces that its joint venture partner Orano Canada has initiated a major diamond drilling program at the 49,635-hectare Preston Uranium Project in Saskatchewan's western Athabasca Basin. The program will comprise 6,000-7,000 meters of drilling with up to 28 holes targeting depths of 200-350 meters during summer 2025.

The drilling campaign will focus on three primary target areas: the untested Johnson Lake, Canoe Lake, and FSAN target. Orano holds a 53.3% majority stake in the joint venture, while Skyharbour maintains a 25.6% interest. The program follows Orano's successful 2024 exploration activities, which included ground surveys and geochemical sampling.

Skyharbour Resources announced significant uranium drilling results from its Moore Uranium Project in Saskatchewan's Athabasca Basin. The key highlight was drill hole ML24-15, which intersected 6.4 metres of 1.50% U3O8, including 4.74% U3O8 over 1.5 metres, at a depth of 275.0 metres. This hole extended the high-grade Maverick East Zone by 42 metres northeast. The late 2024 drilling program totaled 2,759 metres across nine holes, with eight successfully intersecting uranium mineralization. The company plans to conduct a fully-funded 4,500-5,000 metre summer drill program at Moore, alongside ongoing drilling at the adjacent Russell Lake Project. In total, Skyharbour aims to complete 16,000-18,000 metres of drilling across both projects in 2025, focusing on expanding the high-grade zones and testing regional targets.

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.