Categories: Energy / General Market Commentary
Topics: General Energy / General Market Commentary

Fundamental Research Initiates Coverage on Skyharbour, Target Price: $1.01

Skyharbour Resources Ltd. (TSX: V.SYH, OTCQB: SYHBF, Forum)  holds a portfolio of five uranium projects, covering approximately 200,000 hectares, in the prolific Athabasca Basin in Saskatchewan, Canada. Management’s mandate is to build a portfolio of high quality projects, advance these projects through exploration, forge strategic partnerships with companies who can advance non-core projects, and position the company as an attractive acquisition target.

The 85,000 km2 Athabasca Basin in northern Saskatchewan, and northeastern Alberta, is the most significant uranium metallogenic district in Canada. It is currently the only location in the world to host very high-grade uranium deposits. The basin hosts all of Canada’s currently producing uranium mines, which account for over 15% of global production. There are several world class deposits within the Athabasca Basin, including Cameco Corp. (TSX: T.CCO, NYSE: CCJ, Forum).

McArthur River (reserves of 337 Mlbs at 11% U3O8) and Cigar Lake (reserves of 222 Mlbs at 17% U3O8), as well as NexGen Energy and Fission Uranium’s high grade uranium deposits in the southwest portion of the Basin.

Click here to continue reading...