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Suite 1030 – 505 Burrard Street, Vancouver, BC, Canada, V7X1M5
www.skyharbourltd.com
TSX-V Trading Symbol: SYH
Email: [email protected]
Telephone: (604) 558-5847
Facsimile: (604) 687-3119
May 11th, 2026
News Release
Skyharbour Closes $5.25 Million Private Placement of Flow-Through Shares
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt:
SC1P) (“Skyharbour” or the “Company”) is pleased to announce that it has closed a non-brokered
private placement (the “Private Placement”) financing for total gross proceeds of CAD
$5,250,389.10. The Private Placement was entirely subscribed for by several strategic institutional
investors.
The Company has allotted and issued 9,052,395 flow-through shares (the “FT Shares”) at a price of
CAD $0.58 per FT Share. The FT Shares as defined in subsection 66(15) of the Income Tax Act
(Canada) (“ITA”) as presently constituted, shall qualify for the federal 30% Critical Mineral
Exploration Tax Credit, as defined in subsection 127(9) of the Income Tax Act (Canada).
The funds will be applied toward s the Company’s 2026 exploration campaign including exploration
and drilling at its co -flagship Russell (“RL”) and Moore Lake Uranium Projects, as well as at other
uranium projects in the Athabasca Basin.
Pursuant to the Private Placement, the Company has paid cash finder’s fees of CAD $300,022.81
to an arm’s-length party. The Private Placement is subject to final TSX Venture Exchange approval
and all securities issued are subject to a statutory hold period of four-months-and-one-day.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca
Basin and is well positioned to benefit from improving uranium market fundamentals with interest in
forty-three projects covering over 662,887 hectares (1,638,029 acres) of land. Skyharbour owns 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 explor ation property with high -grade uranium mineralization at the
Maverick Zone highlighted by drill results of up to 6.0% U 3O8 over 5.9 metres , including 20.8%
U3O8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to Moore, Skyharbour is advancing
several uranium properties within the broader Russell Lake project area with its joint venture partner
and large strategic shareholder Denison Mines. Collectively these co-flagship projects host multiple
zones of high-grade uranium mineralization across a highly prospective land package with significant
exploration upside, and the Company is actively working these assets through exploration and drilling
programs.
Skyharbour now has joint ventures with industry-leaders Denison Mines and Orano Canada Inc. at
the Russell Lake properties and the Preston project, respectively . The Company also has several
active earn-in option partners, including CSE-listed Nexus Uranium Corp. at the Mann Lake Uranium
Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South
Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at
the 914W Project; and TSX -V listed Terra Clean Ener gy at the South Falcon East Project. In
aggregate, Skyharbour has now signed earn -in option agreements with partners that total to
potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash
and share payments coming into Skyharbour, assuming that these partner companies complete the
earn-ins at their respective projects.
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.
Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2025-12-16.jpg
To find out more about Skyharbour Resources Ltd. (TSX -V: SYH) visit the Company’s website
at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
“Jordan Trimble”
Jordan Trimble
President and CEO
For further information contact myself or:
Nicholas Coltura
Corporate Communications Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF
THIS NEWS RELEASE.
Forward-Looking Information
This news release contains “forward ‐looking information or statements” within the meaning of
applicable securities laws, which may include, without limitation, the intended use of proceeds from
the Private Placement. All statements in this news release, other than statements of historical facts,
that address events or developments that the Company expects to occur, are forward -looking
statements. Although the Company believes the expectations expressed in such forward -looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in the forward -looking statements.
Such statements and information are based on numerous assumptions regarding present and future
business strategies and the environment in which the Company will operate in the future, including
the price of uranium, the ability to achieve its goals, that general business and economic conditions
will not change in a material adverse manner, that financing will be available if and when needed
and on reasonable terms. Such forward -looking information reflects the Company’s views with
respect to future events and is subject to risks, uncertainties and assumptions, i ncluding the risks
and uncertainties relating to the interpretation of exploration results, risks related to the inherent
uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses,
and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could
cause actual results to differ materially from those in forward looking statements include, but are not
limited to, continued availability of capital and financing and general economic, market or b usiness
conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary
government permits, approvals and authorizations, failure to obtain or maintain community
acceptance (including First Nations), decrease in the price of uranium and other metals, increase in
costs, litigation, and failure of counterparties to perform their contractual obligations. The Company
does not undertake to update forward‐looking statements or forward‐looking information, except as
required by law.