Skyharbour Resou Stock Price, News & Analysis

Skyharbour Resources (TSX-V: SYH, OTCQB: SYHBF) has initiated its 2021 diamond drilling program at the 35,705 hectare Moore Uranium Project located in Saskatchewan. Following a 9 km Small Moving Loop EM geophysical program that refined drill targets, the company plans a minimum 3,500 metre drilling program with 7-8 holes. The focus is on high-grade Maverick structural corridor and new targets at Grid Nineteen. Skyharbour is well-funded with over CAD $9 million to advance its projects amidst a recovering uranium market, showing signs of improved equity valuations and sentiment.

Skyharbour Resources Ltd. (OTCQB: SYHBF) has initiated mobilization for its 2021 geophysical and diamond drilling programs at the Moore Uranium Project in Saskatchewan. The project spans 35,705 hectares and features a planned 9 km Small Moving Loop EM survey, followed by a 3,000 meter diamond drilling program targeting high-grade uranium mineralization along the Maverick corridor. The company aims to expand the Maverick East Zone, with historical drill results indicating high uranium grades of up to 9.12% U₃O₈. Positive market sentiment towards uranium is noted.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) announced it raised $1,433,300 from the exercise of 5,340,000 share purchase warrants, primarily priced at 27 cents, strengthening its cash reserves for upcoming drill programs at the Moore Lake Uranium Project. The company now has over CAD $5 million available, bolstered by exploration funding from partners including Azincourt and Orano. Skyharbour holds significant uranium projects in Canada's Athabasca Basin, positioning it to leverage improving market conditions.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) announced that partner Valor Resources has engaged TerraLogic Exploration Inc. to conduct mineral exploration services for the Hook Lake uranium project in Saskatchewan. An airborne geophysical survey is planned as the first phase, with contracts expected to finalize in March. The Hook Lake property spans 25,846 hectares, featuring significant uranium occurrences, including grades up to 63% U3O8. Valor can earn an 80% interest in the project through $3.5M in exploration expenditures and cash payments of $475,000 over three years.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) has initiated its 2021 winter drill program at the East Preston Uranium project in Saskatchewan, Canada. This program targets a conductive corridor from the A-Zone through the G-Zone, utilizing data from previous drilling and geophysical surveys. The campaign will include 10-12 holes, with a total depth of 2000 to 2500 meters, focusing on high-potential areas with known graphitic packages conducive to uranium deposits. Azincourt Energy Corp. has earned a 70% interest in this project through significant exploration expenditures.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) has announced the mobilization of drill rigs and crews for its 2021 winter exploration program at the East Preston uranium project in Saskatchewan, Canada. The campaign will consist of 10-12 diamond drill holes, totaling 2000 to 2500 meters. The project has shown promising geological data from previous surveys, indicating potential for uranium deposits. Azincourt Energy Corp., Skyharbour's partner, has completed significant investments in the project, demonstrating their commitment to further exploration.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) has announced that partner Azincourt Energy Corp. has completed its earn-in of a 70% interest in the East Preston Uranium Project in Saskatchewan, Canada. Azincourt invested CAD $2.5 million in exploration and made CAD $1 million in cash payments over four years. The companies will now form a joint venture, with Azincourt controlling 70% and Skyharbour retaining a 15% interest. A 2021 exploration program is planned at an estimated cost of CAD $1M to $1.4M, with drilling expected to start soon.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) announced updates on its 2021 winter exploration program at the East Preston uranium project, Saskatchewan. The exploration will cost approximately $1M to $1.4M, consisting of a 10-12 hole, 2000-2500 meter diamond drill program commencing in late February. The project area has identified multiple conductive corridors, suggesting a favorable environment for uranium deposition. Azincourt Energy Corp. is managing the drilling, which aims to leverage data from previous exploration to enhance discovery potential. The completion of obligations under an option agreement is extended to March 31, 2021.