Skyharbour Resources Grants Incentive 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
February 2nd, 2024
NEWS RELEASE
Skyharbour Resources Grants Incentive Stock Options
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt:
SC1P) (the “Company”) announces that the Company has granted 4,000,000 incentive stock
options (the "Options") to officers, directors and consultants of the Company. The Options are
exercisable at $0.59 per share for a period of five years from the date of grant. The Options have
been granted under and are governed by the terms of the Company's Incentive Stock Option
Plan.
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-
five projects, ten of which are drill-ready, covering over 520,000 hectares (over 1.2 million acres)
of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the
Company, a 100% interest in the Moore Ur anium 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 at the Maverick Zone that returned drill results of up to 6.0% U3O8 over 5.9 metres
including 20.8% U 3O8 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 w ith robust
exploration upside potential. The Company is actively advancing these projects through
exploration and drill programs.
Skyharbour has joint-ventures with industry-leader Orano Canada Inc. and Azincourt Energy at
the Preston and East Preston Projects, respectively, whereby Orano and Azincourt earned
majority interests in the projects through exploration expenditures, cash p ayments and share
issuances. Skyharbour also has several active earn-in option partners including: ASX-listed Valor
Resources at the Hook Lake Uranium Project; CSE-listed Basin Uranium Corp. at the Mann Lake
Uranium Project; CSE-listed Medaro Mining Corp. at the Yurchison Project; North Shore Uranium
at the Falcon Project; and TSX -V listed Tisdale Clean Energy at the South Falcon East Project
which is host to the Fraser Lakes Zone B Uranium and Thorium Deposit.
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Collectively, Skyharbour has now signed earn - in option agreements with partners that total to
over $33 million in partner -funded exploration expenditures, over $27 million worth of shares
being issued and over $20 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://www.skyharbourltd.com/_resources/maps/SKY_SaskProject_Locator_20231219_V2.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 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.
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