Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: SYH; SYHBF

Company Options Uranium Project Interest in Northern Saskatchewan
News Update

Share on Stocktwits

Source:

Skyharbour Resources is optioning an 80% stake in its North Falcon Point uranium project.

In a news release, Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQB) announced it signed a definite agreement to give Pitchblende Energy and Valor Resources an earn-in option to acquire an 80% working interest in the North Falcon Point uranium project, which will be renamed Hook Lake Uranium Project.

The transaction is contingent upon Valor's acquisition of Pitchblende. Pitchblende will pay Skyharbour CA$475,000 cash over three years and spend CA$3.5 million on exploration expenditures. Valor will also issue Skyharbour 233,333,333 shares upfront.

"We are excited to have the opportunity to work with new partners in Pitchblende and Valor led by experienced management and technical teams at our North Falcon Point project while maintaining a 100% interest at the Frasers Lakes uranium and thorium deposit at the South Falcon Point project," President and CEO Jordan Trimble said in the release.

North Falcon Point, 60 kilometers east of the Key Lake uranium mine in northern Saskatchewan, comprises 16 contiguous minerals claims over 25,846 hectares. Some exploration work but no drilling has been done on the property, the results of which are being compiled and interpreted.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Skyharbour Resources. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Skyharbour Resources, a company mentioned in this article.





Recommendation for The Energy Report Readers

Be the First to Hear Direct from the Experts…Live and in Real Time!

StreetSmart Live! Was founded by the same team that that brought you The Energy Report.

Subscribe to the StreetSmart Live! YouTube channel and be the first to hear about interesting investment ideas live and in real time... straight from the experts. This type of intellectual capital is usually not made available to the general public, but StreetSmart Live! is your "In."

Subscribe Now (It's Free)

Want to read more about Uranium investment ideas?
Get Our Streetwise Reports Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe
Learn More about Golden Arrow Resources