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Skyharbor plans a strong exploration and drilling program for three of its core projects next year – Financial Post

This company has a wide range of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to capitalize on improving uranium market fundamentals with 15 projects, 10 of which are ready to drill covering more than 450,000 hectares of land.

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Jim Gordon

Hi, I’m Jim Gordon and you’re watching Market One Minute. We are joined by Jordan Trimble, President and CEO of Skyharbor Resources. Jordan hello.

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Jordan Trimble

Thanks for having me.

Jim Gordon

It’s great to be here, sir. Well, Jordan, give us a brief summary of the company.

Jordan Trimble

Certainly, Skyharbor Resources is a high quality and early stage uranium exploration company

A development company with 15 projects in the prolific Athabasca Basin in North Saskatchewan. It is the highest deposit of uranium in the world. It has been consistently ranked as a top mining jurisdiction by the Fraser Institute.

Our 15 projects comprise more than 450,000 hectares. It is one of the most extensive land packages in the region. The company is managed by a very strong and experienced management team, board of directors and geology team with focused experience in the Athabasca Basin.

Jim Gordon

Skyharbor has a wide range of uranium projects in the Athabasca Basin. What projects are you actively exploring and why?

Jordan Trimble

Therefore, the three core projects include the 100 percent owned Moore Lake and South Falcon Point project as well as the recently selected Rio Tinto Russell Lake project. We have very strong exploration and drilling plans on all three of these projects over the next 12 months. The reason we are exploring these three core assets is that they are the most advanced exploration phased projects in the project portfolio. They host either high-grade uranium mineralization or resources and provide us with the best potential to create shareholder value.

Jim Gordon

Jordan Can you provide a summary of the drilling that was carried out in 2021 and what are your exploration plans for this year?

Jordan Trimble

We had a very active year 2021 including the 6600m we drilled at the Moore Lake uranium project. Within this drilling program, highlights included some of the highest grade of uranium mineralization discovered in the project’s basement rocks to date including 6.8 percent

U3O8, over two metres. We have plans to continue pursuing this high-quality mineralization in 2022 at Lake Moore. We also have plans to actively explore and drill the South Falcon Point project, and again the recently acquired Russell Lake project.

Jim Gordon

Jordan, tell us about the joint ventures and earning options agreements that Skyharbor currently has with partner companies.

Jordan Trimble

So, in addition to being a high-quality story of exploration and discovery in our core projects, we also act as a probability generator. We bring in option partners and joint ventures to advance our secondary projects. These industry leaders include Orano in our Preston project, Azincourt Energy in our East Preston project, Medaro Mining in our Yurchison project, Basin Uranium Corp in our Mann Lake project, and last but not least, Hook Lake Project Valor Resources.

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These companies are spending millions of dollars on these projects this year. They also pay Skyharbor in cash and issue shares. This will advance the projects and will also benefit us if we are successful in exploration and ample news flow.

In addition to streaming news, we build from our core assets.

Jim Gordon

And share your thoughts on some of the recent developments in the uranium market.

Jordan Trimble

There have been many recent positive developments in the uranium market which have led to a rise in the price of uranium. I expect this to continue through 2022 and 2023. Just to summarize some of these developments, we’ve seen a huge shift in sentiment in nuclear power as the single, clean, affordable, and reliable primary load source for electricity generation. We’ve also seen a significant supply-side response operate over the past several years in response to lower uranium prices and other supply disruptions.

Recently, we have seen financial entities entering the market, seizing materials and buying uranium from the market further tightening the market. We have also now seen an increased risk to the security of supplies globally and last but not least we have now entered into a new contracting cycle for nuclear facilities which should help continue to drive prices higher.

Jim Gordon

Finally, Jordan, how does Skyharbor’s asset base fit into the current uranium market?

Jordan Trimble

So, Skyharbor is in the business of finding, defining, and developing uranium deposits to fuel the next generation of nuclear reactors. The company with the existing asset base is in a very good position to benefit from the accelerated recovery of the uranium market with increased demand under a strained supply side. As the world continues to reduce carbon emissions from electricity generation through nuclear power.

Jim Gordon

Jordan Thank you for joining us.

Jordan Trimble

Thank you.

About SKYHARBOUR RESOURCES CORP:

Skyharbor Resources Ltd. (TSXV: SYH | OTCQB: SYHBF | Frankfurt: SC1P) has a wide range of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with fifteen projects, ten of which are ready to drill and covering more than 450,000 hectares. of lands.

This story is provided by Market One Media Group for commercial purposes.

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