Ellis Martin Report: Skyharbour Resources (CVE:SYH) (OTCMKTS:SYHBF) Signs LOA with Pitchblend Energy to Option 80% of North Falcon Uranium Property
Malibu, CA, United States, Oct 26, 2020 - (ABN Newswire) - Skyharbour Resources (VAN:SYH) (OTCMKTS:SYHBF) Signs Letter of Intent with Pitchblende Energy to Option 80% of the North Falcon Point Uranium Property. In this segment of the Ellis Martin Report we speak with SkyHarbour's CEO Jordan Trimble about this example of the company's project generator JV model. We also review the flagship Moore Uranium Project with a macro look at the sector.
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About Skyharbour Resources Ltd.:
Skyharbour Resources (CVE:SYH) (OTCMKTS:SYHBF) 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 Cameco'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% U3O8 over 5.9 metres, including 20.8% U3O8 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 which hosts a high-grade surface showing with up to 68% U3O8 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 Mann 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.
About The Ellis Martin Report:
The Ellis Martin Report (TEMR) is an internet based radio program showcasing potentially undervalued companies to an audience of potential retail investors and fund managers that comprise our listening audience. TEMR is broadcasted on the VoiceAmerica Business Channel and The Opportunity Radio Network. CEO and company interviews are paid for by those represented on the program.
For investor questions please call: Simon Dyakowski or Jordan Trimble
Telephone: 604-639-3855 or 604-639-3856
Toll Free: 1-800-567-8181
Skyharbour Resources Ltd. The Ellis Martin Report
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