Skyharbour Resources Receives $1.4 Million from Exercise of Warrants
Suite 1610 –777Dunsmuir Street, Vancouver, BC, Canada, V7Y1K4 www.skyharbourltd.com
TSX-V Trading Symbol: SYH Telephone: (604) 687-3376 Email: [email protected] Facsimile: (604) 687-3119
March 4th, 2021
News Release
Skyharbour Resources Receives $1.4 Million from Exercise of Warrants
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) announces that the Company has received an aggregate $1,433,300 from the exercise of share purchase warrants recently. A total of 5,340,000 warrants have been exercised
| since early January with the majority with a strike price of 27 cents expiring later this year. | Skyharbour |
| is fully funded for its upcoming drill programs at its flagship Moore Lake Uranium Project with a total | |
| of over CAD $5 million in cash and in shares of partner companies. Partner companies Azincourt, | |
| Orano and Valor Resources are funding the bulk of the exploration programs at the Preston, East | |
| Preston and Hook Lake (previously North Falcon Point) Projects, respectively. |
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 six drill- | |||
| ready projects covering over 240,000 hectares of land. Skyharbour has acquired from Denison | |||
| Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium 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% | |||
| U O 3 8 | over 5.9 metres including 20.8% | U O 3 8 | over 1.5 metres at a vertical depth of 265 metres. The |
| Company has plans for upcoming drill programs at the project. |
Skyharbour has and option agreement with Orano Canada Inc. and a joint venture partnership with Azincourt Energy. Orano can earn-in up to 70% of the Preston Project and Azincourt recently earned in 70% of the East Preston Project through exploration expenditures, cash payments and Azincourt share issuance. Preston and East Preston are large, geologically prospective properties proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit.
| The Company owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter | |
| of the Basin which contains a NI 43-101 inferred resource totaling 7.0 million pounds of | at |
| 0.03% and 5.3 million pounds of ThO | at 0.023%. Furthermore, Skyharbour has recently signed a |
| Definitive Agreement with ASX-listed Valor Resources on the Hooke Lake (previously North Falcon | |
| Point) Uranium Project whereby Valor can earn-in 80% of the project through $3,500,000 in total | |
| exploration expenditures, $475,000 in total cash payments over three years and an initial share | |
| issuance. |
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/maps/SYH-Athabasca-Map.pdf
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:
Spencer Coulter Corporate Development and Communications Skyharbour Resources Ltd.
Telephone: 604-687-3376 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.
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 forward-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 forwardlooking 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.