Announcement

Collapse
No announcement yet.

Skyharbour Resources TSX.V:SYH

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    Skyharbour Resources TSX.V:SYH

    SKYHARBOUR INCREASES ITS PRIVATE PLACEMENT OF COMMON AND FLOW-THROUGH SHARES

    Due to strong interest, Skyharbour Resources Ltd. has increased its non-brokered private placement financing to aggregate gross proceeds of approximately $2.5-million. The Company has increased its placement from 3,250,000 units of the Company (the "Units") to 3,600,000 Units at a price of CAD $0.40 each, and has increased its placement from 1,650,000 flow-through units (the "FT Units") to 2,400,000 at a price of CAD $0.45 each. Each Unit will be comprised of one common share and one warrant ("Warrant"). Each whole Warrant will entitle the holder to purchase one additional common share for two (2) years at a price of CAD $0.60 each. Each FT Unit will be comprised of one flow-through common share and one-half of one warrant ("Warrant"). Each whole Warrant will entitle the holder to purchase one additional common share for two (2) years at a price of CAD $0.60 each.

    The Company intends to use the proceeds from this private placement for exploration and upcoming drilling as well as for general working capital purposes. The private placement is subject to TSX Venture Exchange approval, and all securities are subject to a four-month-and-one-day hold period. Finder fees may be payable in connection with the private placement, all in accordance with the policies of the TSX Venture Exchange.

    About Skyharbour Resources Ltd.:

    Skyharbour 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 five 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 approx. 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 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% on 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 on the eastern perimeter of the Basin which contains an NI 43-101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. The project also 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 was recently discovered. 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.

    #2
    Buying into the uranium market now really means being ahead of the herd. So how to invest in this coming uranium bull? Well, the best place to look for returns is the juniors, where the uranium bear market of the last seven years has decimated share prices, meaning very attractive entry points. And the preferred location is Saskatchewan’s Athabasca Basin, home to the world’s highest-grade uranium jurisdiction, where the largest uranium mine (McArthur River) is, along with Cameco’s Cigar Lake Mine, and some very notable recent high-grade discoveries including Fission Uranium’s Patterson Lake South/Triple R, Rio Tinto’s Roughrider deposit and NexGen Energy’s high grade Arrow deposit.

    A lot of exploration is happening around the Basin, and one of the best companies to have amassed a large, prospective land position is Skyharbour Resources (TSX-V:SYH).


    More to come.

    Rick

    Comment


      #3
      Discovery Driven Skyharbour Resources has a dual strategy for making it big in the Basin

      http://aheadoftheherd.com/Newsletter...Skyharbour.pdf

      Comment


        #4
        SKYHARBOUR CLOSES NON-BROKERED PRIVATE PLACEMENT OF $2.6 MILLION

        Skyharbour Resources Ltd. has closed its non-brokered private placement for aggregate gross proceeds of approximately $2.6-million. The company now has over $3.2-million in its treasury and is fully financed for upcoming diamond drill programs at its flagship Moore uranium project located on the southeast side of the Athabasca basin (proximal to regional infrastructure, as well as nearby development projects and producing mines).

        The Financing consisted of 3,712,582 units (the "Units") at a price of CAD $0.40 per Unit as well as 2,462,256 flow-through units (the "FT Units") at a price of CAD $0.45 per FT Unit for combined total gross proceeds of CAD $2,593,050. Each Unit is comprised of one common share and one warrant ("Warrant"). Each whole Warrant will entitle the holder to purchase one additional common share for two (2) years at a price of CAD $0.60 each. Each FT Unit will be comprised of one flow-through common share and one-half of one warrant ("Warrant"). Each whole Warrant will entitle the holder to purchase one additional common share for two (2) years at a price of CAD $0.60 each.

        In connection with the financing, Skyharbour issued a total of 79,097 warrants to finders (the "Finder's Warrants") who introduced certain subscribers to the private placement. Each Finder's Warrant will entitle the finder to purchase one additional common share for two (2) years at a price of CAD $0.60 per common share. The Company also paid to finders a total of CAD $40,059 in cash fees associated with this financing. The Units, FT Units and Warrants issued under the private placement and any shares issued pursuant to the exercise of the Warrants and Finder's Warrants are subject to a four month and one day hold period, expiring on December 3rd, 2018, under applicable securities laws and imposed by the TSX Venture Exchange.

        The Company's President and CEO, Jordan Trimble, stated: "We are pleased to close this financing with several new institutional and strategic investors. The Company is well positioned financially with over $3.2 million in its treasury to fund the planned and upcoming exploration programs at its flagship Moore Uranium Project including the summer 2018 drill program slated to commence this month. Given the previously reported high grade drill results from our previous programs as well as new and refined targets in the underlying basement rock, the Company is excited to recommence drilling. Skyharbour will also benefit from news flow from upcoming exploration programs being planned with strategic partners Orano Canada Inc. and Azincourt at the Preston Uranium project. The Company continues to execute on its business model by adding value to its project base in the Athabasca Basin through focused mineral exploration at its flagship Moore Uranium Project, as well as utilizing the prospect generator model to advance its other projects with strategic partners."

        Upcoming Summer 2018 Drill Program Plans

        Skyharbour is planning for a minimum 3,000 metre 2018 summer diamond drilling program slated to commence in late August. The majority of this drilling will test the high grade Maverick corridor both above the unconformity and below it in the basement rocks. Skyharbour's technical team has recently reinterpreted historical drill results and has identified new high-priority drill targets in the basement rock at the Maverick corridor below the known high grade mineralization. The underlying basement feeder zones for the unconformity-hosted high grade uranium at the Maverick corridor have yet to be discovered and have seen limited drill testing.

        About Skyharbour Resources Ltd.

        Skyharbour 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 five 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 approx. 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 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% on 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 on the eastern perimeter of the Basin which contains an NI 43-101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. The project also 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 was recently discovered. 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.

        Comment


          #5
          Nuclear Power, It's No Contest

          http://aheadoftheherd.com/Newsletter...lear-Power.pdf

          Comment


            #6
            Why the uranium price must go up

            http://Aheadoftheherd.com/Newsletter...must-go-up.pdf

            Comment


              #7
              SKYHARBOUR COMPLETES 100% EARN-IN AND ANNOUNCES PLANS FOR UPCOMING SUMMER DRILL PROGRAM AT MOORE URANIUM PROJECT; RAISES ADDITIONAL $450,000 FROM WARRANT EXERCISE

              Skyharbour Resources Ltd. plans for its upcoming summer/fall 2018 diamond drill program to commence shortly and it has now completed the 100-per-cent earn-in of its flagship, high-grade Moore uranium project well ahead of schedule. In addition, 1,159,175 warrants have been exercised recently raising an additional CAD $449,884 in net proceeds for the Company.

              Moore Uranium Project Claims Map:

              http://skyharbourltd.com/_resources/...onalTenure.jpg

              Jordan Trimble, President and CEO of Skyharbour Resources, states: "We will be commencing our planned summer drill program very shortly to test more extensively new targets in the underlying basement rock at the Maverick corridor on the Company's flagship, high grade Moore Uranium Project. The known high grade, unconformity-hosted uranium mineralization at the Maverick corridor was deposited there through feeder zones in the basement rock, the discovery of which will be a top priority in this upcoming program given other recent basement-hosted discoveries including NexGen's Arrow Deposit, Fission's Triple R Deposit and Denison's Gryphon Deposit. Furthermore, warrants that were set to expire have been exercised bringing in additional funds which have been used to complete the 100% earn-in of the Company's Moore Project well ahead of schedule."

              Upcoming Summer/Fall 2018 Drill Program:

              Skyharbour has received all of the required permits for its upcoming summer/fall diamond drilling program. This program is scheduled to commence shortly and will consist of a minimum of 3,000 metres of drilling in 8 to 10 holes. The bulk of this drilling will test the basement rocks within the high grade Maverick corridor well below the unconformity. Skyharbour's technical team has recently reinterpreted historical drill results and has identified high-priority drill targets within the basement rocks of the Maverick corridor below the drill-defined, high grade, unconformity-style uranium mineralization at the Main Maverick Zone.

              Moore Uranium Project Regional Grid Targets Map:

              http://skyharbourltd.com/_resources/...perty-Wide.jpg

              Prior drilling within the basement rocks, although of minimal extent, has intersected significant structural disruption and favourable alteration along with anomalous pathfinder elements and low grade uranium mineralization. These characteristics bode well for the discovery of basement-hosted feeder zones to the overlying high grade, unconformity-hosted uranium mineralization within the Maverick corridor.

              Moore Uranium Project Maverick Corridor Drilling Map:

              http://skyharbourltd.com/_resources/...0170515_v2.pdf

              Moore Uranium Project Main and East Maverick Zones Drilling Map:

              http://skyharbourltd.com/_resources/...l_20170515.pdf

              Skyharbour Raises Additional Funds from Recent Warrant Exercise:

              The Company announces that 1,159,175 million warrants have been exercised recently raising an additional $449,884 million in net proceeds. The majority of these warrants were set to expire last week and had an exercise price of $0.40. Skyharbour is fully funded for this upcoming 3,000 metre diamond drilling program at its Moore Uranium Project which has a budget of approx. $1 million. The Company is well financed with over $3.2 million in the treasury after making the $300,000 payment to complete the earn-in at Moore.

              Skyharbour Completes 100% Earn-In of Flagship Moore Project:

              Further to the news release dated July 14th, 2016, the Company announces that it has elected to pay the remaining CAD $300,000 cash option payment due to earn a 100% interest in the Moore Uranium Project from Denison Mines Corp. (TSX: DML) (NYSE MKT: DNN) ("Denison"), a large and strategic shareholder of Skyharbour. The Company has completed the 100% earn-in on the project almost three years ahead of the five year option term which included the issuance of shares, staged cash payments totaling $500,000, and $3,500,000 in exploration expenditures. Denison has also elected not to exercise its first buyback option, meaning that Skyharbour now owns 100% of the property. The Company now has an additional five year period to incur an additional $3,000,000 in exploration expenditures on the project ("Additional Expenditures"). At that point, Denison may elect to exercise a second buyback option to repurchase a 51% interest in the property by making a cash payment of $500,000 and spending $16,500,000 in exploration expenditures on the property over the following four year period. The parties would then form a joint venture with Denison owning 51% and Skyharbour owning 49%. If Denison fails to complete this second buyback option, Skyharbour would retain its 100% ownership in the property. If the Company does not complete the Additional Expenditures within the allotted five year period, Denison may elect to exercise a buyback option at any time to repurchase a 51% interest in the property by making a cash payment of $500,000 and spending at least 2.5 times the expenditures incurred by Skyharbour since the beginning of the Option Agreement. The parties would then form a joint venture.

              About Skyharbour Resources Ltd.:

              Skyharbour 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 five 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 approx. 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 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% on 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.

              Comment


                #8
                Uranium exploration before the sector heats up

                https://www.caesarsreport.com/report...-sector-heats/

                Comment


                  #9
                  Cashed-up Skyharbour ready to sink 3,000m at Moore

                  http://aheadoftheherd.com/Newsletter...m-at-Moore.pdf

                  Comment


                    #10
                    Nuclear Has to Use Climate Crisis to Justify High Cost, MIT Says

                    https://www.bloomberg.com/news/artic...premium-canada

                    Comment


                      #11
                      Uranium supply crunch may be just around the corner

                      http://www.mining.com/uranium-supply...orner-experts/

                      Comment


                        #12
                        The world needs nuclear energy for EVs

                        http://aheadoftheherd.com/Newsletter...gy-for-EVs.pdf

                        Comment

                        Working...
                        X