Skyharbour Partner Company Terra Clean Energy Announces Fraser Lakes B Deposit Recognized by Government of Canada as Active Rare Earth Deposit
Suite 1030 – 505 Burrard Street, Vancouver, BC, Canada, V7X1M5
www.skyharbourltd.com
TSX-V Trading Symbol: SYH
Email: [email protected]
Telephone: (604) 558-5847
Facsimile: (604) 687-3119
October 15th, 2025
News Release
Skyharbour Partner Company Terra Clean Energy Announces Fraser Lakes B Deposit
Recognized by Government of Canada as Active Rare Earth Deposit
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt:
SC1P) (“Skyharbour” or the “Company”) is pleased to report that its partner company Terra Clean
Energy Corp. (“Terra”, previously Tisdale Clean Energy) has highlighted the rare earth element
(“REE”) potential at the Fraser Lakes B Deposit, confirmed by drilling and assays. The mineralization
is predominantly uranium and thorium but t he REE component within the deposit and surrounding
areas contains significant quantities of rare earth oxides (“REO”) specifically La ₂O₃ (Lanthanum
oxide), Ce₂O₃ (Cerium oxide), Yb₂O₃ (Ytterbium oxide), and Y₂O₃ (Yttrium oxide) as reported in the
technical report filed under Terra’s profile on sedarplus.ca on February 9 th, 2023 . Skyharbour
optioned the Project to Terra, and under the Option Agreement, assuming the 75% interest is earned,
Terra will fund exploration expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD
$11,100,000 in cash, of which $6,500,000 can be settled for shares in the capital of Terra over the
earn-in period.
Map of South Falcon East Project Claims:
https://skyharbourltd.com/_resources/maps/Sky_SouthFalconEast_20250109.jpg?v=1
These light rare earths are key elements in automotive, batteries, magnets as well as other
industries. Lanthanum has two main uses: as a phosphate binder in medicine to treat high blood
phosphate levels in kidney disease patients, and in various industrial applications like manufacturing
nickel-metal hydride batteries, catalytic converters, specialty glass, and as a component in alloys for
lighters and other products.
Cerium is used in a variety of applications, including as a polishing agent for glass and a catalyst in
automotive catalytic converters to reduce emissions. It is also used in metallurgy to improve alloys
and steel, and in the production of flints for lighters, incandescent gas mantles, and components for
batteries.
Ytterbium is used in a variety of applications including improving stainless steel, dental alloys,
portable x -ray machines, atomic clocks, superconductors, lasers and amplifiers, fiber optic
communications, and quantum computing.
Yttrium is used in a variety of applications, most notably as a key component in phosphors for LEDs
and displays, and in lasers for medical and industrial uses. It is also used in ceramics, such as those
for high-temperature fuel cells and medical implants , as a metallurgical additive for alloys, and in
electronics like microwave filters and automotive sensors. Additionally, specific yttrium isotopes have
medical applications in cancer therapy and diagnostic imaging.
Below is a link from the Natural Resources Canada (NRC) website showing the Falcon Point Project
in Saskatchewan which hosts the Fraser Lakes B Deposit. The South Falcon East Project is a portion
of this former project. Through an NRC grant to the University of Saskatchewan in March 2024, The
Government of Canada has contributed to a multiyear study of REE’s in northeastern Saskatchewan.
The Fraser Lakes B Deposit is part of this study and Terra is a participating partner. REE’s continue
to be identified in recent drilling programs.
https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-
metals-facts/rare-earth-elements-facts
“With renewed interest in rare earth elements it is important that shareholders understand we are
sitting on an active REE deposit,” said Greg Cameron, CEO of Terra. “This deposit adds significant
upside, particularly in light of the recent environment which places far more value on the strategic
importance of rare earth elements. Management is committed to making sure this value is
understood and unlocked as we continue with the ongoing advancement Fraser Lakes,” continued
Mr. Cameron.
“We are excited to be involved in the expansion of Rare Earth Element deposit understanding and
inventory in Canada”, commented Trevor Perkins, Vice President of Exploration for Terra. “With the
current emphasis on REE, it is time to highlight this aspect of our Fraser Lakes B Uranium and REE
Deposit. We are sure that with continued drilling and study of the Fraser Lakes B deposit we will add
to both the uranium and REE resource,” continued Mr. Perkins.
South Falcon East Project Summary:
The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin
and represents a portion of Skyharbour ’s former Falcon Point Project. The project covers
approximately 12,464 hectares and is located 18 kilometres outside the Athabasca Basin, roughly
50 kilometres east of the Key Lake mill.
The project hosts the Fraser Lakes B Uranium-Thorium Deposit, which contains a historical inferred
resource of 6.9 million pounds U ₃O₈ at an average grade of 0.03% U ₃O₈ and 5.3 million pounds
ThO₂ at 0.023% ThO₂. Mineralization is hosted in shallow, structurally disrupted metasedimentary
rocks and pegmatites, displaying Athabasca-style basement-hosted characteristics and occurring in
association with well-defined EM conductors.
Qualified Person:
The technical information in this news release has been prepared in accordance with the Canadian
regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar
Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.
About Terra Clean Energy Corp.:
Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration
and development company. The Company is currently developing the South Falcon East uranium
project, which hosts an inferred uranium resource within the Fraser Lakes B uranium/thorium deposit,
located in the Athabasca Basin region, Saskatchewan, Canada.
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, in which
Skyharbour is operator with joint -venture partner RTEC. The project 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 Orano Canada Inc., Azincourt Energy, and
Thunderbird Resources at the 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 over
$36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued,
and $14 million in cash 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:
https://skyharbourltd.com/_resources/news/SKY_SaskProject_Locator_2025_07_16_v1.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
Investor Relations 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.
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 th e 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 o r 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 re sults 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, market or business conditions. Please see the public
filings of the Company at www.sedar.com for further information.