Tiny Uranium Miner Grabs Pole-Position in Canada

Skyharbour Resources (TSX-V: SYH)(OTC: SYHBF) — currently trading around C$0.33 per share — has staked eight new 100%-owned prospective uranium exploration properties within Saskatchewan’s Athabasca Basin, bringing the company’s total land package in the region to 4,920 sq km across 23 properties.  

As an active hybrid prospect generator, Skyharbour intends to seek joint venture partners for the advancement of the newly-acquired early-exploration-stage assets. 

Tiny Uranium Miner Grabs Pole-Position in Canada.

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Skyharbour Resources CEO Jordan Trimble — whom you’re about to hear from directly in our exclusive interview — commented via press release:

“We have been actively staking new mineral claims and adding to our substantial uranium project portfolio in the Athabasca Basin. These newly acquired projects are strategically located and are geologically prospective with very little modern exploration having been carried out on them. They complement our more advanced-stage exploration assets including Russell Lake, Moore and South Falcon Point, and provide additional ground to option or joint-venture out to new partner companies as a part of our prospect generator business…”

As alluded to, Skyharbour is concurrently drilling 10,000 meters across 18 to 20 drill holes at its 73,000-hectare co-flagship Russell Lake uranium project, strategically located in the central core of the eastern Athabasca Basin. 

The Russell Lake project — which is being advanced via an option agreement with Rio Tinto — is situated adjacent to the company’s co-flagship Moore Lake uranium project and wedged in between Cameco’s McArthur River Mine to the north, the Key Lake Mill to the south, and Denison's flagship Wheeler River project to the west.

Skyharbour Resources Russell Lake is being advanced via an option agreement with Rio Tinto

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Collectively, Skyharbour has option agreements with partners totaling over C$34 million in partner-funded exploration expenditures, over C$22 million in stock being issued, and just under C$15 million in cash payments coming into Skyharbour, assuming the company’s partners earn-in the full amount at their respective uranium exploration projects.

And that means plenty of news flow ahead in 2023, including forthcoming assays from Russell Lake and East Preston.   

Our own Gerardo Del Real of Junior Resource Monthly took the opportunity to sit down with Skyharbour Resources CEO Jordan Trimble to go over the new multi-property acquisition, the ongoing drilling at Russell Lake, the portfolio of 100%-owned and partner-funded projects in the Athabasca… plus a look at the broader uranium market. Please enjoy!

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest