Skyharbour Grants Stock Options
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
August 17th, 2018
NEWS RELEASE
Skyharbour Grants Stock Options
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF)
(Frankfurt: SC1P) (the “Company”) announces that it has granted incentive stock options
(the “Options”) to certain directors, officers, management, company employees and
consultants entitling them to purchase up to an aggregate of 1,500,000 common shares
in the capital of the Company, subject to the policies of the TSX Venture Exchange. The
Options are exercisable for five (5) years at a price of $0.42 per share. The Options were
granted in accordance with the Company’s Stock Option Plan approved by the
shareholders at the last AGM held November 1st, 2017.
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in
Canada's Athabasca Basin and is well positioned to benefit from improving uranium
market fundamentals with five drill-ready projects. In July 2016, Skyharbour acquired an
option from Denison Mines, a large strategic shareholder of the Company, to acquire
100% of the Moore Uranium Project which is located approx. 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 with drill results returning 6.0% U 3O8 over
5.9 metres including 20.8% U 3O8 over 1.5 metres at a vertical depth of 265 metres.
Skyharbour has signed option agreements with Orano Canada Inc. and Azincourt Energy
whereby Orano and Azincourt can earn in up to 70% on the Preston Project through a
combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash
payments and Azincourt shares. Preston is a large, geologically prospective property
proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit.
The Company also owns a 100% interest in the Falcon Point Uranium Project on the
eastern perimeter of the Basin which contains an 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%. The project
also hosts a high-grade surface showing with up to 68% U 3O8 in grab samples from a
massive pitchblende vein, the source of which has yet to be discovered. The Company's
100% owned Mann Lake Uranium project on the east side of the Basin is strategically
located adjacent to the Mann Lake Joint Venture operated by Cameco, where high-grade
uranium mineralization was recently discove red. 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.
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:
Nick Findler
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3850
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 forward-
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.