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Skyharbour Resources Ltd.

Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced stage uranium exploration property with high grade uranium mineralization at the Maverick Zone with drill results returning up to 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres.
Skyharbour has option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and Azincourt can earn in up to 70% of the Preston Project through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares. Preston is a large, geologically prospective property proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit.
The Company owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter of the Basin which contains a NI 43-101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. Recently, Skyharbour signed a Definitive Agreement with Australian company Pitchblende Energy, which is being acquired by ASX-listed Valor Resources, on the North Falcon Uranium Project whereby Pitchblende can earn-in 80% of the project through $3,500,000 in total exploration expenditures and $475,000 in total cash payments over three years as well as shares in the company.
Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions


Expert Comments:

headshot of David Talbot

David Talbot, Red Cloud Securities

"Skyharbour Resources Ltd. signed an option agreement to vend its wholly owned Yurchison uranium project in the Wollaston Domain, immediately east of the Athabasca basin, to Medaro Mining. . .Skyharbour continues to deliver on its strategy by bringing in dedicated partners to help advance its portfolio of uranium projects in the Athabasca basin region while adding real cash value to its balance sheet."

Golden Opportunities

"Skyharbour Resources Ltd. is a name you'll want to own before the uranium feeding frenzy truly kicks in. . .the Sprott Physical Uranium Trust has been gobbling up spot market uranium. . .if the trust's $300M of of buying caused that big of a spike in uranium prices (from $30/lb to over $45/lb in the past month), another $1B of buying could potentially send it through the roof."

headshot of David Talbot

David Talbot, Red Cloud Securities

"Skyharbour Resources Ltd.'s partner, Valor Resources, has reported high-grade sampling results from the Hook Lake uranium project. . .we view these results positively as they have not only confirmed high-grade uranium mineralization at the Hook Lake (or Zone S) prospect, but have returned rare earth and high-grade base metals, which may change the complexion of the project to a certain extent."

David Talbot, Red Cloud Securities

"We are initiating coverage on Skyharbour Resources Ltd. with a Speculative Buy rating and a CA$0.95 target price. . .prospectivity of the Moore uranium project makes the company one of the more established junior uranium explorers. We estimate a growing mineral inventory of about 7 Mlb U3O8 between the Maverick and Maverick East zones; we also see potential for further high-grade discoveries from up to 18 different target areas of the property to drive the stock."

headshot of Siddharth Rajeev

Siddharth Rajeev, Fundamental Research Corp.

"Skyharbour Resources Ltd. is planning to commence a 3,000m/1012 hole drill program on its flagship Moore uranium project. . .the upcoming drill program at Moore, ongoing work by partners and increasing sector optimism offer several near-term catalysts for the company's shares."

More Expert Comments

Experts Following This Company

headshot of Peter Epstein
Peter Epstein, CFA – Epstein Research
headshot of Maurice Jackson
Maurice Jackson, Founder – Proven and Probable
headshot of Siddharth Rajeev
Siddharth Rajeev, Analyst – Fundamental Research Corp.
headshot of David Talbot
David Talbot, Analyst – Red Cloud Securities

Company News 

1/13/2022 – Skyharbour's Partner Company Azincourt Energy Provides Update on Camp Construction and Drill Mobilization at East Preston Uranium Project, Saskatchewan

1/4/2022 – Skyharbour Appoints Dr. Andrew J. Ramcharan as Senior Vice President of Corporate Development

12/23/2021 – Skyharbour Announces Fully-Subscribed Private Placement of Flow-Through Units for $500,000

12/14/2021 – Skyharbour Stakes Six New Athabasca Basin Uranium Properties Totalling 147,510 Hectares

12/6/2021 – Skyharbour Announces Passing of Director and Co-Founder Richard Kusmirski

11/18/2021 – Skyharbour Partner Company Medaro Announces Plans for Upcoming Exploration at the Yurchison Uranium Project

11/17/2021 – Skyharbour's Partner Company Azincourt Energy Provides Update on Upcoming Drill Program at East Preston Uranium Project, Saskatchewan

11/17/2021 – Azincourt Energy Updates Upcoming Drill Program at the East Preston Uranium Project, Saskatchewan

11/10/2021 – Skyharbour Intersects Additional Zones of High Grade Uranium Mineralization in Drilling at Moore Uranium Project

11/2/2021 – Skyharbour Signs Option Agreement with Medaro Mining Corp to Option the Yurchison Uranium Project

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Investing Highlights
Top tier Athabasca Basin uranium project portfolio including high-grade flagship Moore project with robust discovery upside potential
Acquiring projects at attractive valuations and using the prospect generator and JV model to advance secondary projects
Strong management and geological team with track record of success; strategic partnerships with Denison and Orano
catalyst Calendar
Uranium market recovery gaining momentum
Continued drilling at 100% owned Moore project focused on new basement rock hosted targets
JVs and earn-in options with strategic partners funding exploration at other projects
Skyharbour Resources Ltd. Content