Skyharbour Resources Ltd.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  777 Dunsmuir Street - Suite 1610
Vancouver, BC
Canada, V7Y 1K4
Tel No.: 604-639-3855
Fax No.: 604-687-3119
Toll Free No.: 1-800-567-8181
Web Site:
Contact Person: Spencer Coulter
Position: Corporate Communications & Development

Company Data

Traded Market: TSX-V
Traded Symbol: SYH
Outstanding Shares: 138.2MM
Public Float: 92.6MM
52 Week High: $ 0.315
52 Week Low: $ 0.08
Present Price: Click Here








Skyharbour is a preeminent uranium exploration company with projects in the prolific Athabasca Basin of Saskatchewan in Canada. The Company has been acquiring top-tier exploration projects at attractive valuations culminating in six uranium properties totaling over 250,000 hectares throughout the Basin.

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.

Projects in Hand

Moore Uranium Project (Flagship Project)

Skyharbour owns a 100% interest in the 35,705 hectare Moore uranium project, which is located in the infrastructure-rich southeastern portion of the Athabasca Basin, 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 up to 6.0% U3O8 over 5.9 metres, including 20.8% U3O8 over 1.5 metres, at a vertical depth of 265 metres.

In addition to the Maverick Zone, the project hosts other mineralized targets with strong discovery potential which the Company plans to test in upcoming drill programs.

Near Term Catalysts and Innovative Exploration Techniques:

  • Innovative drone-assisted magnetometer surveys flown in 2019 at close spacings and low elevation have helped to better define cross-cutting features/structures which are high-priority drill targets
  • 2km of total 4km Maverick corridor has been systematically drill tested leaving robust discovery potential along strike as well as at depth in the underlying basement rocks
  • Recently completed 2,328 metre diamond drilling program doubled the known strike extent of the Maverick East Zone.
  • Fully funded 2,500 metre summer diamond drilling program to test both unconformity and basement targets along the high grade Maverick structural corridor, as well as prospective regional targets
  • Of particular interest are underlying basement feeder zones to the unconformity-hosted high grade uranium present along the Maverick corridor; these targets have seen limited historical drill testing

Preston Uranium Project

Skyharbour has signed option agreements with Orano Canada Inc. and Azincourt Energy, whereby Orano and Azincourt can earn in up to 70 per cent of the 74,964 hectare Preston project through a combined $9.8-million in total exploration expenditures as well as $1.7-million 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. Exploration programs funded by Orano and Azincourt at Preston and East Preston.

Falcon Point Uranium and Thorium Project

The Company owns a 100-per-cent interest in the 79,003 hectaresFalcon Point project on the east side of the Athabasca Basin, located 55 km east of the Key Lake mine. In December 2020, Skyharbour signed a definitive agreement to option 80% of the North Falcon Point Uranium Project to Pitchblende Energy, a wholly owned subsidiary of Valor Resources Ltd. (ASX: VAL), a publicly traded Australian uranium exploration company. Under the definitive agreement, and subject to completion of the acquisition of Pitchblende by Australian Stock Exchange-listed Valor Resources Ltd., Pitchblende will contribute cash and exploration expenditure consideration totaling $3,975,000 over a three-year period. Of the project consideration, $475,000 will be in cash payments to Skyharbour as well as $3.5 million in exploration expenditures. Valor will also issue a total of 233,333,333 shares upfront. The Falcon Point property contains an NI 43-101 inferred resource totalling 7.0 million pounds at an average grade of 0.03% U3O8 and 5.3 million pounds at an average grade of 0.023% ThO2 (thorium dioxide). A massive pitchblende vein exposed at surface returned a sample of 68% U3O8 at the Hook Lake target. Geological and geochemical features show distinct similarities to high grade, basement-hosted deposits in the Athabasca Basin such as Eagle Point, Millennium, P-Patch and Roughrider.

Mann Lake Uranium Project

The Company's 100-per-cent-owned Mann Lake uranium project on the east side of the Athabasca Basinis strategically located adjacent to the Mann Lake joint venture operated by Cameco, where high-grade uranium mineralization was recently discovered.

Investment Highlights

  • Uranium prices and market improving with nuclear as integral part of global energy mix going forward
  • Dominant uranium property portfolio in Athabasca Basin, Canada, consisting of top tier projects acquired at attractive valuations
  • High-grade uranium discovery potential with near term catalysts and active exploration/drill programs
  • Utilizing partnerships and JV's to fund exploration with less equity dilution – Prospect Generator Model
  • Strong management and technical team with track record of success
  • Noteworthy shareholder base including Denison Mines and significant insider ownership


Management and Directors

Jordan Trimble, B.Sc., CFA, President & CEO, Director

An entrepreneur who has worked in resource industry specializing in corporate finance and strategy, shareholder communications, marketing, deal structuring and capital raising

Current President and Director of Rockridge Resources Ltd. (TSX.V: ROCK)

Previously Corporate Development Manager for Bayfield Ventures

Currently serves as a Director on the board of the CFA Society Vancouver

Richard Kusmirski, P.Geo., M.Sc., Director, Head Geologist, and Qualified Person

Over 40 years of exploration experience in North America and overseas and has actively participated in the discovery of a number of uranium deposits

Previously Exploration Manager at Cameco Corporation overseeing uranium exploration projects in the Athabasca Basin

Previously President and CEO of JNR Resources

James Pettit, Chairman of the Board, Director

Over 30 years of experience in resource industry

Previously Chairman and CEO of Bayfield Ventures Corp.

David Cates, CPA, MAcc, BA, Director

Current President and CEO of Denison Mines and Uranium Participation Corp.

Paul Matysek, M.Sc., P.Geo., Strategic Advisor

Previously Founder, President and CEO of Energy Metals Corporation; grew from a market cap of $10 million in 2004 to approximately $1.8 billion when it was acquired by a larger uranium producer, Uranium One Inc., in 2007

Previously Chairman of Lithium X Energy Corp.

Former President and CEO of Goldrock Mines Corp., Lithium One Inc. and Potash One Inc.

Joseph Gallucci, Director

Currently Managing Director and the Head of Mining Investment banking at Laurentian Bank Securities

Capital markets executive and banker with over 15 years experience focused on mining

Directly involved in raising over $1 billion for mining companies

Donald Huston, Director

Amanda Chow, CPA, CMA, Director

Thomas S. Drolet, B.Eng., M.Sc., DIC, Advisor

Simon Dyakowski, CFA, MBA, Corporate Development

Christine McKechnie, M.Sc., Consulting Geologist

Dave Billard, P.Geo., Consulting Geologist

News Update

On January 7, 2021, Skyharbour Resources Ltd. has provided the remaining results from its 2020 fall diamond drilling program at its Moore uranium project in Saskatchewan. Skyharbour expands Maverick East Zone with additional high grade uranium discovered in the basement rocks and announced upcoming winter 2021 drill program.

In addition to the previously announced hole ML20-09 which returned 0.72% triuranium octoxide over 17.5 metres from 271.5 metres to 289.0 metres, drill hole ML20-12 returned another broad zone of sandstone and basement-hosted uranium mineralization from 268.1 metres to 286.0 metres downhole. This intercept returned 0.28% U3O8 over 17.9 metres, including 1.09% U3O8 over 2.5 metres. Up to 2.3% Cu was intersected in clay-altered lithologies nearly 100 metres below the unconformity in this hole as well.

On December 17, 2020, Skyharbour Resources Ltd. announced that it has closed a non-brokered private placement financing for total gross proceeds of $1,461,640.32. The majority of the private placement was subscribed for by a strategic institutional investor.

On December 10, 2020, Skyharbour Resources Ltd. announced that Skyharbour partner company Azincourt Energy's ground-based geophysical exploration program at the East Preston uranium project in Saskatchewan, is now 50 per cent complete.


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