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Skyharbour Resources Ltd (3)
Symbol SYH
Shares Issued 182,527,689
Close 2024-10-02 C$ 0.445
Market Cap C$ 81,224,822
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Skyharbour appoints Rak as business development VP

2024-10-02 14:43 ET - News Release

Mr. Jordan Trimble reports

MR. BRADY RAK JOINS SKYHARBOUR AS VICE PRESIDENT OF BUSINESS DEVELOPMENT

Skyharbour Resources Ltd. has appointed Brady Rak, an investment and capital markets professional, as the company's vice-president of business development.

Jordan Trimble, president and chief executive officer of Skyharbour, stated: "We are thrilled to have Brady join us at Skyharbour as our VP of business development at a pivotal time for the company. He brings a wealth of capital markets experience to Skyharbour having worked in the investment management industry for well over a decade. With drilling under way at our core projects and a robust and growing prospect generator business, we look forward to leveraging Brady's industry knowledge, business acumen and vast network to continue growing the company."

About Mr. Rak

Mr. Rak is a seasoned investment professional who has focused on the Canadian capital markets over his 13-year career at several independent broker dealers, including Ventum Financial, Salman Partners and Union Securities. As a registered investment adviser in the private client division of Ventum Financial, Mr. Rak has been involved in advising high-net worth and corporate clients, structuring transactions, raising capital and navigating global market sentiment. Mr. Rak graduated from Northwood University with a BBA in Management and holds his options licence.

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 29 projects, 10 of which are drill-ready, covering over 580,000 hectares (over 1.4 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the company, a 100-per-cent 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 per cent U3O8 (triuranium octoxide) over 5.9 metres, including 20.8 per cent U3O8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to the Moore uranium project is the Russell Lake uranium project which hosts several high-grade uranium drill intercepts over a large property area with robust exploration upside potential. The company is actively advancing these projects through exploration and drill programs.

Skyharbour has joint ventures with industry-leader Orano Canada Inc., Azincourt Energy and Thunderbird Resources (previously Valor) at the Preston, East Preston and Hook Lake projects, respectively. The company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake uranium project; CSE-listed Medaro Mining Corp. at the Yurchison project; TSX-V-listed North Shore Uranium at the Falcon project; UraEx Resources at the South Dufferin and Bolt projects; and TSX-V-listed Terra Clean Energy (previously Tisdale) at the South Falcon East project which is host to the Fraser Lakes zone B uranium and thorium deposit. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $37-million in partner-financed exploration expenditures, over $30-million worth of shares being issued and over $21-million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

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.

We seek Safe Harbor.

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