Skyharbour Closes $2.1 Million Private Placement of Flow-Through Shares
Suite 1030 – 505 Burrard Street, Vancouver, BC, Canada, V7X 1M5
www.skyharbourltd.com
TSX-V Trading Symbol: SYH
Email: [email protected]
Telephone: (604) 558-5847
Facsimile: (604) 687-3119
December 5th, 2025
NEWS RELEASE
Skyharbour Closes $2.1 Million Private Placement of Flow-Through Shares
Vancouver, BC - Skyharbour Resources Ltd . (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt:
SC1P) (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 $ 2,103,898.94.
The Private Placement was mostly subscribed for by several strategic institutional investors. The
funds will be applied toward s the Company’s upcoming 2026 exploration campaign including
exploration and drilling at its co-flagship Russell (“RL”) and Moore Lake Uranium Projects.
The Company has allotted and issued 5,069,636 flow-through shares (the “FT Shares”) at a price
of CAD $0.415 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).
Pursuant to the Private Placement, the Company has paid cash finder’s fees of CAD $120,008.94
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 four-month-and-one-day hold period.
One director, as an insider of Skyharbour, has subscribed for an aggregate 250,000 Shares for
gross proceeds of $103,750. The issuance of the Shares to the insider is considered a related
party transaction subject to Multilateral Instrument 61 -101 – Protection of Minority Security
Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from
the formal valuation and minority shareholder approval requirements provided under sections
5.5(a) and 5.7(a) of MI 61 -101 on the basis that the participation by the insider will not exceed
25% of the fair market value of the Company's market capitalization.
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.
2
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 thirty -seven projects covering over 616,000 hectares (over 1.5 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 in
several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium
Project, which hosts widespread uranium mineralization in drill intercepts over a large property
area with exploration upside potential. The Company is actively advancing these projects through
exploration and drilling programs.
Skyharbour also has joint ventures with industry leader s Denison Mines, Orano Canada Inc.,
Azincourt Energy, and Thunderbird Resources at the Russell, 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; 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 Energy 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 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:
http://www.skyharbourltd.com/_resources/images/SKY-SaskProject-Locator-2025-11-14-
Updated.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.
3
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 f rom those in forward -looking
statements, exploration and development successes, regulatory approvals including TSXV
approval, and general economic, market or business conditions. Please see the public filings of
the Company at www.sedarplus.ca for further information.