Skyharbour Engages Red Cloud Securities Inc. for Market Making Services
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
April 21st, 2023
NEWS RELEASE
Skyharbour Engages Red Cloud Securities Inc. for Market Making Services
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt:
SC1P) (the “Company”) is pleased to announce that it has retained Red Cloud Securities Inc
("Red Cloud") to provide market making services with the objective of maintaining a reasonable
market and improving the liquidity of its Common Shares.
Under the agreement between Red Cloud and the Company (the "Red Cloud Agreement"), the
Company has agreed to initially pay Red Cloud a fee of C$5,000 plus applicable taxes, per
month. Red Cloud will not receive any Common Shares or options as compensation. Red
Cloud and its clients may acquire a direct interest in the securities of the Company. Skyharbour
Red Cloud are unrelated and unaffiliated entities. Red Cloud is a member of the Investment
Industry Regulatory Organization of Canada and a member firm of the Toronto Stock Exchange
and the TSX Venture Exchange. The term of the Red Cloud Agreement is ongoing unless
terminated by written notice. The engagement of Red Cloud remains subject to the approval of
the TSX Venture Exchange.
About Red Cloud Securities Inc.:
Red Cloud Securities Inc. is registered as an Investment Dealer in Ontario, Québec, Alberta and
British Columbia and is a member of the Investment Industry Organization of Canada. It is focused
on providing unique comprehensive capital market services and innovative financing alternatives
to the junior resource sector. The company was founded by capital markets professionals who
designed the firm to service small public and private companies. This solution is a comprehensive
platform that provides a full range of unconflicted corporate access services. Offering these
services as a unified platform provides the ultimate value proposition for issuer clients.
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-
three projects, ten of which are drill -ready, covering over 4 90,000 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 Came co's McArthur River uranium mine. Moore is an
advanced-stage uranium exploration property with high -grade uranium mineralization at the
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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. 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 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 minority 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.
Skyharbour has several active option partners including: ASX-listed Valor Resources on the Hook
Lake Uranium Project, CSE-listed Basin Uranium Corp. on the Mann Lake Uranium Project, and
CSE-listed Medaro Mining Corp. on the Yurchison Project. More recently, Skyharbour announced
two new earn -in option agreements with Yello w Rocks Energy, a private Australian entity, to
option the Wallee and Usam Island projects, and Tisdale Clean Energy at the South Falcon East
Project.
Furthermore, the Company owns a 100% interest in the South Falcon Point Uranium Project on
the eastern perimeter of the Basin which is host to the Fraser Lakes Zone B Uranium and Thorium
Deposit. Skyharbour has recently optioned the South Falcon East Project, a uranium project in
the southeast Athabasca Basin and represents a portion of the larger South Falc on Project, to
Tisdale Clean Energy whereby Tisdale will fund exploration, pay Skyharbour in cash, and issue
shares of the company over a five-year earn-in period.
Collectively, Skyharbour has now signed option agreements with partners that total over $34
million in partner-funded exploration expenditures, over $22 million in stock being issued and just
under $15 million in cash payments coming into Skyharbour, assuming that these partner
companies earn-in the full amount 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/maps/SKY_SaskProject_Locator_20230320_V2A.jp
g
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 Development and Communications
Skyharbour Resources Ltd.
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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.
The securities offered have not been, and will not be, registered u nder 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 Stat es, 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
business conditions. Please see the public filings of the Company at www.sedar.com for further
information.