Skyharbour Assets: Prime Uranium Funding Alternative

Investor Perception

Within the present robust market dynamic for uranium, Skyharbour Assets is a compelling funding alternative pushed by its giant portfolio of exploration property in Canada’s most prolific uranium district within the Athabasca Basin.

Overview

Nuclear power is a key driver within the transition to web zero, providing clear, dependable, and safe energy to satisfy world electrical energy demand, which is predicted to develop by 50 p.c in 2040.

Skyharbour Assets (TSXV:SYH,OTCQX :SYHBF,FWB:SC1P) is strategically positioned to help this rising demand by means of its high-grade uranium tasks. As a number one uranium exploration firm, Skyharbour companions with trade stakeholders to advance tasks that contribute to the safe and sustainable power future nuclear energy guarantees.

Skyharbour has launched its winter drill program on the Russell Lake uranium venture, initiating its deliberate 16,000–18,000 metre marketing campaign throughout 35–45 holes at its co-flagship Russell Lake and Moore tasks. This preliminary part at Russell will concentrate on exploring the venture’s important upside potential, leveraging its widespread uranium mineralization and favorable geology for giant, high-grade Athabasca Basin uranium deposits.

Firm Highlights

• Skyharbour Assets is a junior mining firm with an intensive portfolio of uranium exploration tasks in Canada’s Athabasca Basin. They comprise 36 uranium tasks, totaling over 614,000 hectares.
• The Athabasca Basin is the world’s most prolific uranium jurisdiction, boasting uranium grades averaging over 10-20 occasions larger than these discovered elsewhere.
• The corporate employs a multi-faceted technique of targeted mineral exploration at its core tasks (Russell and Moore) whereas using the prospect generator mannequin to advance its secondary tasks with strategic companions.
• The corporate’s co-flagship Moore venture is an advanced-stage uranium exploration asset that includes high-grade uranium mineralization on the Maverick Zone. Earlier drilling has returned outcomes of 6 p.c U3O8 over 5.9 meters, with a notable intercept of 20.8 p.c U3O8 over 1.5 meters, at a vertical depth of 265 meters.
• Adjoining to the Moore venture is Skyharbour’s second core venture, the Russell Lake uranium venture, whereby Skyharbour has accomplished the acquisition of 57.7 p.c curiosity from Rio Tinto. The Russell Lake uranium venture is a big, advanced-stage uranium exploration property totaling 73,314 hectares.
• The 2024 winter drill program on the Russell Lake uranium venture led to a brand new discovery of high-grade, sandstone-hosted mineralization as much as 2.99 p.c U3O8 intersected over 0.5 meters.
• Skyharbour has commenced its 2025 winter drill program on the Russell Lake uranium venture with plans to finish an preliminary 5,000-metre diamond drilling program in 10 to 12 holes on the venture
• Absolutely funded for mixed drilling of 16,000 to 18,000 meters in 35 to 45 drill holes throughout Russell and Moore Lake tasks
• 15,000 to 16,000 metres of extra drilling funded by companion firms at different tasks within the Skyharbour’s prospect generator enterprise together with 6,000 to 7,000 meters of drilling by strategic companion Orano on the Preston venture
• Administration intends to proceed constructing the prospect generator enterprise by providing tasks to companions who will fund the exploration and supply money/inventory to Skyharbour for an possession curiosity within the tasks; Skyharbour sometimes retains minority pursuits within the tasks and fairness holdings within the companions.
• The growing concentrate on nuclear power by governments globally to attain decarbonization targets bodes effectively for uranium costs. Skyharbour, with key uranium property in a high mining jurisdiction, stands to profit from this shift within the world power combine.

This venture covers an space of 35,705 hectares, situated within the japanese Athabasca Basin close to current infrastructure with recognized high-grade uranium mineralization and important discovery potential. Skyharbour acquired the venture from Denison Mines (TSX:DML), a big strategic shareholder of the corporate. The venture might be simply accessed year-round through winter and ice roads, streamlining logistics and lowering bills. Through the summer time months, a good portion of the property stays accessible as effectively. The property has been the topic of in depth historic exploration with over $50 million in expenditures, and over 140,000 meters of diamond drilling accomplished traditionally.

Moore hosts high-grade uranium mineralization on the Maverick zones. Over the previous few years, Skyharbour Assets has carried out diamond drilling packages, ensuing within the intersection of high-grade uranium mineralization in quite a few drill holes alongside the 4.7-kilometer-long Maverick structural hall. A number of the high-grade intercepts embody:

• Gap ML-199 which intersected 20.8 p.c U3O8 over 1.5 meters at 264 meters,
• Gap ML-202 from the Maverick East Zone which intersected 9.12 p.c U3O8 over 1.4 meters at 278 meters.
• Gap ML20-09 which intersected 0.72 p.c U3O8 over 17.5 meters from 271.5 meters to 289.0 meters, together with 1 p.c U3O8 over 10.0 meters represents the longest steady drill intercept of uranium mineralization found up to now on the venture.
• Drill gap ML-61 returned 4.03 p.c eU3O8 over 10 meters;
• Drill gap ML -55 encountered high-grade mineralization, returning 5.14 p.c U3O8 over 6.2 meters
• Drill gap ML -47 intersected 4.01 p.c U3O8 over 4.7 meters

Merely 50 p.c of the entire 4.7-kilometer promising Maverick hall has undergone systematic drilling, indicating important discovery potential each alongside its size and inside the underlying basement rocks at depth. Skyharbour accomplished a 2024 winter drill program which consisted of two,800 meters of drilling on the venture which targeted on infill/growth drilling on the Primary Maverick Zone. Assay outcomes from this system intersected 5 metres of 4.61 p.c U3O8 from a comparatively shallow downhole depth of 265.5 metres to 270.5 metres together with 10.19 p.c U3O8 over 1 metre on the Primary Maverick Zone from gap ML24-08. The corporate not too long ago accomplished an extra 2024 summer time drill program which consisted of two,500m, with assays pending. It’s now planning to finish 5,000 – 7,000 metres of drilling at Moore all through 2025 which can include 18 to 24 holes, and can present constant information circulation all year long.

Aside from the Maverick Zone, diamond drilling in numerous different goal areas has encountered a number of conductors linked with notable structural disturbances, strong alteration, and anomalous concentrations of uranium and related pathfinder components.

The Russell Lake venture is a big, advanced-stage uranium exploration property spanning 73,314 hectares, strategically positioned between Cameco’s Key Lake and McArthur River tasks. Skyharbour has accomplished its earn-in necessities for an possibility settlement with Rio Tinto and has now acquired 57.7 p.c possession curiosity within the Russell Lake venture.

The venture is adjoining to Denison’s Wheeler River venture and Skyharbour’s Moore uranium venture. It’s supported by glorious infrastructure when it comes to freeway entry in addition to high-voltage energy traces. The venture has undergone a big quantity of historic exploration which incorporates over 95,000 meters of drilling in over 220 drill holes. The exploration recognized quite a few potential goal areas and several other high-grade uranium showings in addition to drill gap intercepts.

The property hosts a number of noteworthy exploration targets, together with the Grayling Zone, the M-Zone Extension goal, the Little Man Lake goal, the Christie Lake goal, and the Fox Lake Path goal. Skyharbour accomplished a 19-hole drilling program totaling 9,595 meters in three phases in 2023. The preliminary drilling part encompassed 3,662 meters throughout eight accomplished holes on the Grayling Zone, adopted by a second part involving 4 holes totaling 2,730 meters drilled on the Fox Lake Path Zone. The third drilling part concerned 3,203 meters throughout seven holes focusing on extra areas inside the Grayling Zone.

Drilling at Russell in 2024 was accomplished in two separate phases with a complete of three,094 metres drilled in six holes. Section One among drilling resulted in the perfect intercept of uranium mineralization traditionally on the property from gap RSL24-02, which returned a 2.5 metre large intercept of 0.721 p.c U3O8 at a comparatively shallow depth of 338.1 metres, together with 2.99 p.c U3O8 over 0.5 metres at 339.6 metres simply above the unconformity within the sandstone. The second part of drilling was not too long ago accomplished which totalled roughly 4,500 metres, with assays pending.

Skyharbour has not too long ago commenced its 2025 drilling program on the Russell Lake venture with a primary part consisting of roughly 5,000 metres to comply with up on notable current exploration success and to check new targets developed by the geological workforce. The main target for this part of drilling might be on the Fork and Sphinx targets inside the broader Grayling goal space, in addition to the M-Zone Extension goal and the Fox Lake Path goal. This preliminary winter program will include 10 to 12 drill holes, with a lot of the targets being street accessible and close to the exploration camp, bringing the drill prices down.

Secondary Tasks

Falcon Uranium Venture

The Falcon uranium venture consists of 11 claims spanning 42,908 hectares, situated roughly 50 km east of the Key Lake mine. Skyharbour Assets has entered into an possibility settlement with North Shore Uranium, granting North Shore the best to earn an preliminary 80 p.c curiosity—and as much as one hundred pc—within the Falcon property. To safe the preliminary 80 p.c stake, North Shore should fulfill mixed commitments totaling C$5.3 million in money, share issuances, and exploration expenditures inside three years. The remaining 20 p.c might be acquired for an extra C$10 million in money and shares.

In 2024, North Shore collected a number of samples from two of the primary three uranium prospects drilled at its 55,699-hectare Falcon Property, returning anomalous uranium values exceeding 300 ppm U3O8, with a peak of 572 ppm U3O8. An exploration allow has been secured, permitting for numerous exploration actions, together with prospecting, floor geophysics, path and drill website clearing, line chopping, and as much as 75 exploration drill holes, together with drill core storage.

North Shore Uranium additional signed an exploration settlement with the English River First Nation (ERFN) in Saskatchewan, outlining the important thing areas of collaboration between ERFN and North Shore for the Falcon property.

South Falcon East

This venture includes 16 claims masking 12,234 hectares situated roughly 55 km east of the Key Lake mine. Skyharbour has optioned as much as a 75 p.c curiosity in a portion of the venture to Terra Clear Power (beforehand Tisdale). Terra will challenge Skyharbour Assets 1,111,111 shares upfront, fund exploration expenditures totaling C$10.5 million, and pay Skyharbour Assets C$11.1 million in money of which C$6.5 million might be settled for shares over a five-year earn-in. Skyharbour Assets will retain a minority curiosity within the South Falcon East.

Terra is conducting a 2,000m – 2,200m helicopter-supported drill program on the property. Three diamond drill holes have been accomplished on the Fraser Lakes B uranium deposit, for a complete of 802 m, and a fourth gap is in progress.

East Preston

This venture includes 20,674 hectares situated on the west facet of the Athabasca Basin. In March 2017, Skyharbour Assets signed an possibility settlement with Azincourt Uranium (TSXV:AAZ) to possibility 70 p.c of a portion of the East Preston venture to Azincourt. Since then, Azincourt earned a majority curiosity within the venture which presently stands at 85.8 p.c.

Skyharbour retains 9.5 p.c possession and Dixie Gold owns the remaining 4.7 p.c.

Azincourt accomplished a 2023 drill program comprising 3,066 meters in 13 drill holes.

The corporate additionally accomplished the winter 2024 diamond drill program of 1,086 meters of drilling in 4 diamond drill holes and outcomes indicated the next:

• Dravite and Kaolinite clay alteration zone expanded in Ok and H Zones
• Illite, Dravite and Kaolinite clay alteration recognized in G Zone
• Illite and Kaolinite clay alteration recognized in A Zone

Preston

This venture includes 49,635 hectares strategically situated close to Fission’s Triple R deposit and NexGen’s Arrow deposit. In March 2017, Skyharbour Assets signed an possibility settlement with Orano (previously AREVA) Assets Canada to possibility a majority stake within the Preston venture. Orano has fulfilled its first earn-in possibility curiosity for 51 p.c within the venture. Following this, Orano has shaped a three way partnership (JV) with Skyharbour and Dixie Gold for the development of the venture. Orano holds 51 p.c curiosity, and the remaining is cut up between Skyharbour and Dixie Gold, with Skyharbour retaining 25.6 p.c.

Orano Canada has accomplished a geophysical program at the 49,635-hectare Preston uranium venture which included a floor electromagnetic survey (ML-TEM) and a floor gravity survey. Orano is now making ready for an exploration program which can include a deliberate 6,000 to 7,000 metre, helicopter-supported diamond drill program in roughly 26 holes at a median depth of 250 metres through the summer time of 2025. Major drill goal areas embody the beforehand untested Johnson Lake grid in addition to the Canoe Lake grid; with the potential of testing the not too long ago surveyed FSAN-North and the West Preston Grids.

Hook Lake

This venture includes 16 claims masking 25,847 hectares on the east facet of the Athabasca Basin. In February 2024, Thunderbird Assets (beforehand Valor) accomplished an earn-in for 80 p.c curiosity and shaped a JV partnership with Skyharbour which retains the remaining 20 p.c curiosity.

Mann Lake

This venture is strategically situated on the east facet of the Athabasca basin, 25 km southwest of Cameco’s McArthur River Mine and 15 km northeast and alongside strike of Cameco’s Millennium uranium deposit. In October 2021, Basin Uranium signed an earn-in possibility to amass a 75 p.c curiosity within the venture. Basin pays a mix of money and shares over three years comprising C$4.85 million in money plus exploration expenditure and C$1.75 million price of shares.

South Dufferin and Bolt

The South Dufferin Venture totals 13,205 hectares masking 10 claims and is situated instantly south of the southern margin of the Athabasca Basin in northern Saskatchewan. The property covers the southern extension of the Virgin River Shear Zone, which hosts recognized high-grade uranium mineralization at Cameco Corp.’s Dufferin Lake zone roughly 13 kilometres to the north (spotlight drill outcomes of 1.73 p.c U3O8 over 6.5 metres) and Cameco‘s Centennial deposit roughly 25 kilometres to the north (contains drill intersections as much as 8.78 p.c U3O8 over 33.9 metres).

The Bolt Venture consists of two contiguous claims one hundred pc owned by Skyharbour Assets Ltd. totalling 4,726 hectares and is situated roughly 7 km west of the Freeway 914 and about 32 km southwest of Cameco’s Key Lake Operation (which produced 209.8 million kilos of U3O8 at a median grade of two.32 p.c U3O8 from 2 deposits, the place ore from the McArthur River mine is presently processed).

A definitive settlement was not too long ago signed in October of 2024 with UraEx Assets to earn an preliminary 51 p.c and as much as one hundred pc of each the South Dufferin and Bolt Tasks, collectively. For an preliminary 51 p.c, UraEx will challenge frequent shares having an combination worth of C$1.15 million, make complete money funds of $450,000, and incur $3 million in exploration expenditures on each the South Dufferin and Bolt properties over a 3 12 months interval. UraEx has an possibility to amass the remaining one hundred pc by issuing frequent shares having an combination worth of C$2.5 million, making money funds of $1.2 million and incurring $1.5 million in exploration expenditures over an extra two-year interval.

Along with the tasks being superior by Skyharbour and its companions, the corporate has 21 extra one hundred pc owned tasks that they’re actively in search of to possibility out to potential new companions sooner or later so as to add to their rising prospect generator enterprise. All in all, Skyharbour could be very effectively positioned to profit from an accelerating uranium bull market with growing demand within the backdrop of a strained provide facet.

Administration Crew

Jordan Trimble – President and CEO

With a background in entrepreneurship, Jordan Trimble has held numerous positions within the useful resource trade, specializing in administration, company finance, technique, shareholder communications, enterprise growth, and capital elevating with a number of firms. Previous to his position at Skyharbour, he was the company growth supervisor at Bayfield Ventures, a gold firm with tasks in Ontario. Bayfield Ventures was subsequently acquired by New Gold (TSX:NGD) in 2014. All through his profession, Trimble has established and assisted within the administration of quite a few private and non-private enterprises. He has performed a pivotal position in securing important capital for mining firms, leveraging his intensive community of institutional and retail buyers.

Jim Pettit – Chairman of the Board

Jim Pettit presently serves as a director on the boards of varied public useful resource firms, drawing from over 30 years of expertise within the trade. His experience lies in finance, company governance, administration and compliance, significantly within the early-stage growth of each personal and public enterprises. Over the previous three a long time, he has primarily targeted on the useful resource sector. Beforehand, he served as chairman and CEO of Bayfield Ventures, which was acquired by New Gold in 2014.

David Cates – Director

David Cates presently serves because the president and CEO of Denison Mines (TSX:DML). Earlier than assuming the position of president and CEO, Cates was the vice-president of finance, tax, and chief monetary officer at Denison. In his capability as CFO, he performed a pivotal position within the firm’s mergers and acquisitions actions, together with spearheading the acquisition of Rockgate Capital and Worldwide Enexco. Cates joined Denison in 2008, initially serving as director of taxation earlier than he was appointed CFO. Previous to becoming a member of Denison, he held positions at Kinross Gold and PwC with a concentrate on the useful resource trade.

Joseph Gallucci – Director

Joseph Gallucci was beforehand a senior supervisor at a number one Canadian accounting agency. He possesses greater than twenty years of experience in funding banking and fairness analysis, specializing in mining, base metals, valuable metals, and bulk commodities worldwide. He serves as a senior capital markets govt and company director. Presently, Gallucci is the managing director and head of funding banking at Laurentian Financial institution Securities, the place he assumes accountability for overseeing the complete funding banking apply.

Brady Rak – VP of Enterprise Improvement

Brady Rak is a seasoned funding skilled who has focussed on the Canadian capital markets over his 13-year profession at a number of impartial dealer sellers together with Ventum Monetary, Salman Companions and Union Securities. As a registered funding advisor within the personal consumer division of Ventum Monetary, Brady has been concerned in advising high-net-worth and company shoppers, structuring transactions, elevating capital and navigating world market sentiment. Brady graduated from Northwood College with a BBA in Administration and holds his Choices license.

Serdar Donmez – Vice-president of Exploration

A acknowledged geoscientist with a long time of expertise in uranium exploration and growth, Serdar Donmez has performed an energetic position in quite a few grassroots and superior uranium exploration tasks in northern Saskatchewan and Zambia. Donmez has an engineering diploma in geology and is a registered skilled geoscientist with the Affiliation of Skilled Engineers and Geoscientists of Saskatchewan. Throughout his 17-year tenure at Denison Mines, Donmez was pivotal in advancing quite a few uranium exploration and growth tasks. He was concerned in numerous capacities with the Phoenix and Gryphon uranium deposits on Denison’s Wheeler River venture, from preliminary discovery to the completion of the feasibility examine in 2023. As useful resource geology supervisor, he was integral to the event of mineral useful resource estimates and NI 43-101 technical reviews for a number of superior exploration tasks within the Athabasca Basin. Moreover, he was a part of a workforce exploring the applying of in-situ restoration mining methods for high-grade uranium deposits within the Athabasca Basin.

Dave Billard – Head Consulting Geologist

Dave Billard is a geologist with over 35 years of expertise in exploration and growth, specializing in uranium, gold and base metals in western Canada and the western US. He served as chief working officer, vice-president of exploration, and director for JNR Assets earlier than its acquisition by Denison Mines. He performed an important position within the discovery of JNR’s Maverick and Fraser Lakes B zones. Earlier in his profession, he contributed to the invention and growth of a number of important gold deposits in northern Saskatchewan. Previous to becoming a member of JNR, Billard labored as a geological guide specializing in uranium exploration within the Athabasca Basin. He additionally spent over 12 years with Cameco Company.

Christine McKechnie – Senior Venture Geologist

Christine McKechnie is a geologist with a specialization in uranium deposits, significantly these hosted within the basement and related to unconformities within the Athabasca Basin and its neighborhood. All through her profession, she has labored with numerous firms corresponding to Claude Assets, JNR Assets, CanAlaska Uranium and Cameco, participating in gold and uranium exploration actions. She accomplished her B.Sc. (Excessive Honors) in 2008 from the College of Saskatchewan and accomplished a M.Sc. thesis on the Fraser Lakes Zone B deposit on the Falcon Level venture. She additionally acquired the 2015 CIM Barlow Medal for Finest Geological Paper.