Skyharbour Resou Stock Price, News & Analysis

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) announced an option agreement with Black Shield Metals Corp. for a potential 75% interest in the Mann Lake Uranium Project located in Saskatchewan's Athabasca Basin. Over three years, Black Shield will contribute CAD $4,850,000, including CAD $850,000 cash, and CAD $1,750,000 in shares. The Mann Lake project covers 3,473 hectares, 25 km from the McArthur River Mine. The partnership aims to capitalize on the growing uranium market, advancing exploration and strategic developments at Mann Lake.

Skyharbour Resources reports progress on its Hook Lake Project, where partner Valor Resources has finished a field program. The upcoming diamond drilling program is set for December 2021, aiming for at least 2,500 meters of drilling. Recent assays showed impressive surface results: up to 59.2% U3O8 and significant silver and rare earth elements. All necessary permits for drilling are in place, and the project is strategically positioned within Saskatchewan's high-grade uranium mining area, enhancing its attractiveness to investors.

Skyharbour Resources Ltd. (SYHBF) reported promising initial diamond drill results from its 2021 summer drilling program at the Moore Uranium Project, revealing high-grade uranium mineralization. Drillhole ML21-03 exhibited 2.54% U₃O₈ over 6.0 metres, including 6.80% over 2.0 metres. The project has significant exploration potential, with ongoing drilling to cover untested areas. The report highlights the vital demand for uranium globally, supported by increasing prices and upcoming developments in nuclear energy, enhancing positive market sentiment.

Skyharbour Resources Ltd. (SYHBF) has announced positive results from the recent field program at the Hook Lake Project. A total of 57 samples confirmed historical high-grade uranium mineralization, particularly at Hook Lake (Zone S) with assays returning over 6% U3O8 and significant rare earth elements. The Hook Lake Project spans 25,846 hectares and is located near the Key Lake Uranium Mine in Saskatchewan. A follow-up field program is planned to prioritize drill targets, highlighting the project’s potential for further exploration and development.

Skyharbour Resources Ltd. (SYHBF) announced an update from partner Valor Resources Limited on the Hook Lake Project following a high-resolution airborne radiometric survey completed in July. The survey identified several anomalies, particularly in the northwest area, suggesting new uranium targets. Valor can earn an 80% interest in the project through $3.5 million in exploration and cash payments. Skyharbour also reported $1.2 million received from warrant exercises, funding its drill program at Moore Lake. The company holds a strong position in uranium exploration with multiple projects in Saskatchewan.

Skyharbour Resources Ltd. (SYHBF) has announced an update on its summer exploration program at the East Preston uranium project in Saskatchewan. The focus remains on a conductive corridor from the A-Zone to the G-Zone, based on prior surveys. An airborne radiometric survey will be conducted by Terralogic Exploration Inc. to identify high-radiation anomalies. Planning for a diamond drilling program is underway, with approximately 1,000m of drilling to be completed. Azincourt Energy has earned a 70% interest in the project, with Skyharbour retaining 15% ownership.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) announced the exercise of share purchase warrants, raising $1,388,430 from 5,437,570 warrants. The funds will support the expanded drill program at the Moore Lake Uranium Project, where the company is well-funded with over CAD $9 million. Skyharbour's extensive portfolio includes six drill-ready uranium projects in Canada's Athabasca Basin, and it has significant joint ventures with industry leaders like Orano and Azincourt. The company aims to maximize shareholder value through mineral discoveries and partnerships.