Skyharbour Appoints Dr. Andrew J. Ramcharan as Senior Vice President of Corporate Development
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
January 4th, 2022
NEWS RELEASE
Skyharbour Appoints Dr. Andrew J. Ramcharan as Senior Vice President of
Corporate Development
Vancouver, BC - Skyharbour Resources Ltd . (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt:
SC1P) (the “Company” or “Skyharbour”) is pleased to announce the appointment of Dr. Andrew
J. Ramcharan (Ph.d., P.Eng, FAusIMM), a well known and respected global Mining Executive, as
Senior Vice President of Corporate Development.
Jordan Trimble , President and CEO of Skyharbour stated: “We are excited to have Dr.
Ramcharan join us at Skyharbour Resources as SVP Corporate Development. Andrew brings a
wealth of experience to Skyharbour in both the technical and corporate side of the business and
we look forward to his contribution to the success of the Company. We have a lot planned for the
upcoming year and we look forward to leveraging Andrew’s industry knowledge, business acumen
and strong network to help grow Skyharbour.”
About Dr. Andrew J. Ramcharan:
Dr. Ramcharan has an extensive background in corporate development, mining and exploration,
project evaluation, and investment banking spanning over twenty years. Previously, as Manager
of Corporate Development for IAMGOLD, Dr. Ramcharan was involved in raising over $600
million in equity financings and worked on project acquisitions totalling over $800 million. Prior to
that, he was at SRK Consulting for several years and worked with uranium companies inlcuding
SXR Uranium One, Ur-Energy, and UraMin which eventually sold for $2.5 billion in 2007 to Areva.
Dr. Ramcharan has held senior investment banking and corporate finance roles, including with
Sprott and Resource Capital Funds, where he performed over 300 project evaluations and helped
complete numerous debt and equity financings. More recently he was the Executive Vice
President of Corporate Development and Investor Relations for Roscan Gold where he has been
instrumental in raising over $40 million.
Dr. Ramcharan holds a Ph.D. and M.Sc. in Mining Engineering and Mineral Economics, and
attended the Colorado School of M ines, University of Leoben, and Harvard Business School
Continuing Education Program. Dr. Ramcharan is a P.Eng . in Ontario, a Registered Member of
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The Society for Mining, Metallurgy and Exploration (SME) in USA, a Fellow of both The
Australasian Institute of Mining and Metallurgy (AusIMM) and The South African Institute of Mining
and Metallurgy (SAIMM).
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 fourteen
projects, nine of which are drill -ready, covering over 385,000 hectares 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 m ineralization at the Maverick Zone that
returned drill results of up to 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at
a vertical depth of 265 metres. 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 ha s 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 an d 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 Point Uranium Project on the eastern perimeter of the Basin, which contains a NI 43-101
inferred resource totaling 7.0 million pounds of U 3O8 at 0.03% and 5.3 million pounds of ThO 2 at
0.023%.
Skyharbour 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 initial 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 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/maps/SKY_SaskProject_Locator_20211126.jpg
To find out more about Skyhar bour Resources Ltd. (TSX -V: SYH) visit the Company’s website
at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
“Jordan Trimble”
Jordan Trimble
President and CEO
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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.
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 the 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 or 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 forward -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 belie fs, 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, market or
business conditions. Please see the public filings of the Company at www.sedar.com for further
information.