Skyharbour Announces Passing of Director and Co-Founder Richard Kusmirski
Suite 1610 –777Dunsmuir Street, Vancouver, BC, Canada, V7Y1K4
www.skyharbourltd.com
TSX-V Trading Symbol: SYH
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
December 6th, 2021
News Release
Skyharbour Announces Passing of Director and Co-Founder Richard Kusmirski
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt:
SC1P) (the “Company”) announces with deep sorrow that Co-Founder and Director, Richard (“Rick”)
Kusmirski, P.Geo., M.Sc., recently passed away, at the age of 68 after a lengthy illness.
Skyharbour wishes to extend our sincere condolences to Rick’s family, friends, and business
associates. Rick was an accomplished exploration geologist with more than four decades of
experience throughout the world but primarily focused in North America, specifically the Athabasca
Basin. He has been an active member of the Saskatchewan mineral exploration and mining
community for many years and will be dearly missed. Rick was one of the founding supporters and
head technical advisor for Skyharbour and has guided the development of the company to where it
is today. He has assembled an energetic and accomplished geological team with expertise focused
in Athabasca Basin uranium exploration and this team will continue to advance the Comp any’s
project base as well as work with our partner companies who are operating some of our other
uranium projects in the Basin.
Rick actively participated in the discovery of a number of uranium, gold and base metal deposits ,
and for several years, in his capacity as Exploration Manager, he directed Cameco Corporation's
uranium exploration projects in the Athabasca Basin. In 1999, Rick joined JNR Resources becoming
Vice President of Exploration in 2000. Subsequently, he directed the exploration program that led to
the discovery of the Maverick Zone on the Moore Lake uranium project with then-partner Kennecott
Canada. Rick later became JNR’s President and CEO in January of 2001, and continued leading the
company until February of 2013, JNR was acquired by Denison Mines Corp. by way of a friendly all-
share take-over bid. Rick also served as the industry Chair and Director of the Exploration Section
of the Saskatchewan Mining Association for many years and was a director of Rockridge Resources
Ltd., Bessor Minerals Inc. and several other publicly traded companies.
Jordan Trimble, President and CEO of Skyharbour, stated: "On behalf of our Board of Directors,
management team and employees, we extend our deepest sympathies to Rick’s family and friends.
We are all incredibly saddened by this sudden loss and Rick will be sorely missed. He was very well
respected in the mining community and was integral in building Skyharbour’s asset base and
geological team. I have known and worked with Rick for almost nine years, and I consider him a dear
friend, colleague and mentor. Rick was a passionate, hard -working and very knowledgeable
exploration geologist that was laser-focused on creating shareholder value. We have made great
progress growing Skyharbour over the years and the team and I will continue to do so as we honour
him and his unrelenting commitment to exploration success.”
David Billard, Consulting Geologist for Skyharbour, stated: “Rick has been a good friend, mentor and
colleague for over 35 years, and I’ve had the pleasure of working directly with him for much of that
time. He was always a source of good advice and it has been a successful collaboration throughout
that time. From our early discovery of the Jasper gold deposit, which we saw through to production,
to the discovery of the Maverick Zone with JNR and the later advancement of Skyharbour into a
significant Athabasca Basin explorer, it has been a long and fruitful relationship. Throughout those
years I have not been the only beneficiary of his wisdom and knowledge; Rick touched many people’s
lives and will be missed sorely by all.”
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 eight drill-
ready projects covering over 250,000 hectares of land. Skyharb our 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 metre s. The
Company is actively advancing the project through drill programs.
Skyharbour has a joint -venture with industry -leader Orano Canada Inc. at the Preston Project
whereby Orano has earned a 51% interest in the project through exploration expenditures and cash
payments. Skyharbour now owns a 24.5% interest in the Project. Skyharbour also has a joint-venture
with Azincourt Energy at the East Preston Project whereby Azincourt has earned a 70% interest in
the project through exploration expenditures, cash payments and share issuance. Skyharbour now
owns a 15% interest in the Project. Preston and East Preston are large, geologically prospective
properties proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit.
Furthermore, 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 totalling 7.0 million pounds of
U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%.
Skyharbour also has several active option partners including: ASX -listed Valor Resources on the
Hook Lake Uranium Project whereby Valor can earn in 80% of the project through CAD $3,500,000
in exploration expenditures, $475,000 in cash payments over three years and an init ial share
issuance; CSE -listed Basin Uranium Corp. on the Mann Lake Uranium Project whereby Basin
Uranium can earn-in 75% of the project through $4,000,000 in exploration expenditures, $850,000
in cash payments as well as share issuances over three years; and CSE-listed Medaro Mining Corp.
on the Yurchison Project whereby Medaro can earn -in an initial 70% of the project through
$5,000,000 in exploration expenditures, $800,000 in cash payments as well as share issuances over
three years followed by the option to acquire the remaining 30% of the project through a payment of
$7,500,000 in cash and $7,500,000 worth of shares.
Skyharbour’s Uranium Project Map in the Athabasca Basin:
http://skyharbourltd.com/_resources/maps/SYH-Athabasca-Map.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:
Riley Trimble
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3376
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.
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. 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, continued availability of capital and financing, and general
economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for
further information.