Skyharbour Resources Announces Joseph Gallucci Joins Board of Directors
Suite 1610 –777Dunsmuir Street, Vancouver, BC, Canada, V7Y1K4
www.skyharbourltd.com
TSX-V Trading Symbol: SYH
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
March 2nd, 2020
News Release
Skyharbour Resources Announces Joseph Gallucci Joins Board of Directors
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQB:SYHBF)
(Frankfurt:SC1P) (the “Company”) is pleased to announce it has appointed Joseph Gallucci to
the Company’s Board of Directors. Mr. Gallucci is a capital markets executive with over 15 years
of experience in investment banking and equity research focused on mining, base metals,
precious metals and bulk commodities on a global scale. Joseph is currently the Managing
Director and the Head of Mining Investment Banking at Laurentian Bank Securities Inc. His career
has spanned across various firms including BMO Capital Markets, GMP Securities, Dundee
Securities, and he was a founding principal of Eight Capital where he led the Mining Investment
Banking Team.
In his previous roles he has acquired experience in corporate finance, mergers, acquisitions,
business and operational development, financings and corporate strategy. He played a key role
in raising several billion dollars for mining companies with a focused expertise on Canadian base
metal companies.
Prior to investment banking, Mr. Gallucci spent over a decade in equity research with a focus on
global mining at both GMP and Dundee Securities. At Dundee Securities, he was a Managing
Director and Head of the Metals and Mining Research Team where he over saw the complete
mining franchise. He has traveled extensively visiting well over 100 mining properties across the
globe. He holds a Bachelor of Commerce degree from Concordia University and an MBA in
Investment Management from the Goodman Institute of Investment Management.
The Company’s CEO, Jordan Trimble stated: “We would like to welcome Mr. Gallucci to the
Skyharbour team as a Director of the Company. Mr. Gallucci has years of experience as an
investment banker and research analyst with a focus on Can adian exploration and mining
companies including working with several uranium companies. His expertise in corporate finance,
mergers and acquisitions, and capital raising will be invaluable to the company as we look to
create shareholder value through new uranium discoveries and the advancement of our projects
in the Athabasca Basin where multiple drill programs are currently underway.”
Mr. Gallucci stated: “I am excited to join the Board of Directors and begin working with
management and the team at Skyha rbour Resources . In my previous roles in mining capital
markets, uranium was a key component of the mining franchises I oversaw. I believe Uranium
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has a key role to play in the global energy picture as we continue to pursue alternative energy
sources, and global electrification. Further, Skyharbour is well positioned in the Athabasca basin,
which is one of the most significant uranium rich jurisdictions in the world. I am looking forward to
contributing to the Company’s growth and success.”
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 six 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 approximately 15 kilometres east of Denison's Wheeler River project and 39 kilometres
south of Camec o's McArthur River uranium mine. Moore is an advanced stage uranium
exploration project with high grade uranium mineralization at the Maverick Zone. Drill results have
returned up to 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% of specific segments of
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 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%. 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 Ma nn Lake
Joint Venture operated by Cameco, where high-grade uranium mineralization has been identified.
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://skyharbourltd.com/_resources/SYH_Landpackage_2014.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:
Simon Dyakowski
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-639-3850
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.
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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 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.