Skyharbour Announces Additional Uranium Property Staking Increasing Total Property Portfolio to over 1.45 Million Acres in the Athabasca Basin, Saskatchewan
Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4
www.skyharbourltd.com
TSX-V Trading Symbol: SYH
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
February 27th, 2024
NEWS RELEASE
Skyharbour Announces Additional Uranium Property Staking Increasing Total Property
Portfolio to over 1.45 Million Acres in the Athabasca Basin, Saskatchewan
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt:
SC1P) (the “Company”) is pleased to announce that it has acquired by low-cost staking new
prospective uranium exploration claims in northern Saskatchewan, increasing Skyharbour’s total
land package that it has ownership interest in to 587,364 ha (1,451,408 acres) across 29 projects.
These 100% owned claims add an additional 64,267 ha to Skyharbour’s existing holdings in and
around the Athabasca Basin, which is host to the highest -grade uranium deposits in the world
and is consistently ranked as a top mining jurisdiction by the Fraser Institute . As the Company
remains focused on its co-flagship Russell Lake and Moore uranium projects, these new claims
will become a part of Skyharbour’s prospect generator business as the Company will seek
strategic partners to advance these assets.
Skyharbour’s New Uranium Project Portfolio Map:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-02-14.jpg
List of New Properties:
• Bend Project – two mineral claims covering 9,114 hectares
• Compulsion Project – two mineral claims covering 10,451 hectares
• Genie Project – five mineral claims covering 16,930 hectares
• Hartle Project – ten mineral claims covering 52,518 hectares
• Regambal Project – five mineral claims covering 24,208 hectares
Property Summaries:
The recently staked minerals claims are all located in Wollaston Domain just outside of the
Athabasca Basin sandstone and are underlain by prospective Wollaston Supergroup
metasedimentary gneisses including lower Wollaston pelitic gneisses (± graphite). The properties
are prospective for both basement -hosted unconformity-related U and pegmatite -hosted U-Th-
REE, with addit ional potential to host base metals and other critical minerals. Some of these
properties have historical pegmatite -hosted U-Th and base metal showings and historical EM
conductors, with partial coverage of the properties by modern EM, magnetics, and radio metric
surveys.
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In addition to the newly staked claims, several other claims were re -staked during competitive
staking rushes in the Usam and Riou River areas. The newly re-staked Usam project consists of
40,041 ha over twelve claims, covering a large portion of prospective Wollaston Supergroup
metasedimentary gneisses northeast of Cameco’s Rabbit Lake Operation. Riou River now
consists of 8,620 ha over six claims in the north -central portion of the Athabasca Basin and is
underlain by Athabasca Supergroup sandstone and conglomerate.
At Skyharbour’s Highway project, three new claims non-contiguous with the original claim were
added, adding 8 ,155 ha to project, increasing its size to 9,339 ha. These new claims are also
located in close proximity to Highway 905 and have historical U-Th pegmatite showings on them.
Red Cloud’s Pre-PDAC Mining Showcase and the PDAC 2024 Convention:
Skyharbour is pleased to announce that the Company will be presenting at the Red Cloud Pre -
PDAC Mining Showcase on Thursday, February 29 th, and Friday, March 1 st, at the Sheraton
Centre Toronto Hotel followed by the PDAC Convention at the Metro Toronto Convention Centre,
Sunday, March 3rd. through Wednesday, March 6th.
Skyharbour’s President and CEO, Jordan Trimble, will be presenting at the Red Cloud Pre-PDAC
Mining Showcase Thursday, February 29 th, at 11:00 am Eastern Standard Time, providing an
overview and update for the Company. For more information and/or to register for the conference,
visit: https://redcloudfs.com/prepdac2024/
Visit the Skyharbour management team at the PDAC 2024 Investor Exchange Booth #2629
Sunday, March 3rd to Wednesday, March 6th, from 10:00 am EST to 5:00 pm EST. President and
CEO, Jordan Trimble, will be presenting Tuesday, March 5th at 10:40 am EST in Room 801A, to
provide an overview and update for the Company. For registration details, visit:
https://www.pdac.ca/convention
Qualified Person:
The technical information in this news release has been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43 -101 and reviewed and
approved by David Billard, P.Geo., a Consulting Geologist for Skyharbour as well as a Qualified
Person.
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 twenty-
nine projects, ten of which are drill-ready, covering over 587,000 hectares (over 1.45 million acres)
of land. 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 that returned drill results of up to 6.0% U3O8 over 5.9 metres
including 20.8% U 3O8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to the Moore
Uranium Project is Skyharbour’s recently optioned Russell Lake Uranium Project from Rio Tinto,
which hosts historical high -grade uranium drill intercepts over a large property area with robust
exploration upside potential. The Company is actively advancing these projects through
exploration and drill programs.
Skyharbour has joint -ventures with industry -leader Orano Canada Inc., Azincourt Energy and
Valor Resources at the Preston, East Preston and Hook Lake Projects, respectively. The
Company also has several active earn -in option partners including: CSE -listed Basin Uranium
Corp. at the Mann Lake Uranium Project; CSE -listed Medaro Mining Corp. at the Yurchison
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Project; North Shore Uranium at the Falcon Project; and TSX-V listed Tisdale Clean Energy
at the South Falcon East Project which is host to the Fraser Lakes Zone B Uranium and Thorium
Deposit. In aggregate, Skyharbour has now signed earn-in option agreements with partners that
total to over $33 million in partner -funded exploration expenditures, over $27 million worth of
shares being issued and over $ 19 million in cash payments coming into Skyharbour, assuming
that these partner companies complete their entire earn-ins at the 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_2024-02-
14_V2.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
Investor Relations Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
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ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF
THIS NEWS RELEASE.
The securities offered 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 U.S. state securities laws,
and may not be offered or sold in the United States or to, or for th e account or benefit of, United
States persons absent registration or an applicable exemption from the registration requirements
of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not
constitute an offer to sell o r the solicitation of an offer to buy securities in the United States, nor
in any other jurisdiction.
This release includes certain statements that may be deemed to be "forward-looking statements".
All statements in this release, other than statements of historical facts, that address events or
developments that management of the Company expects, are forwa rd-looking statements,
including the Private Placement. Although management 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 or developments may differ materially from
those in the forward-looking statements. The Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or opinions, or other factors,
should change. Factors that could cause actual results to differ materially from those in forward-
looking statements, include market prices, exploration and development successes, regulatory
approvals, continued availability of capital and financing, and general economic, mar ket or
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business conditions. Please see the public filings of the Company at www.sedar.com for
further information.