Skyharbour Resources to receive $895,000 from warrant enforcement, The Canadian Business Journal

VANCOUVER, British Columbia, December 2, 2022 (GLOBE NEWSWIRE) — Sky Harbor Resources Co., Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Company”) announces that since June 29, it has received a total of $895,027.32 CAD from the exercise of the Stock Purchase Warrants at an exercise price of $0.22.^th, 2022.A total of 4,068,306 warrants have been exercised and this batch of warrants expiring on November 29 has been executed^th2022.

About Sky Harbor Resources:

Sky Harbor has an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin, with 15 projects covering more than 450,000 hectares of land to improve uranium market fundamentals. can benefit from. Skyharbour has acquired a 100% interest in the Moore Uranium Project, located 15 kilometers east of Denison’s Wheeler River project and 39 kilometers south of Cameco’s McArthur River uranium mine, from Denison Mines, the company’s majority shareholder. Moore is an advanced stage uranium exploration facility with high grade uranium mineralization in the Maverick Zone and has returned drilling results of up to 6.0% U.₃〇₈ Over 5.9 meters with 20.8% U₃〇₈ Over 1.5 meters at a vertical depth of 265 meters. Adjacent to the Moore Uranium Project is Rio Tinto’s Russell Lake Uranium Project, recently selected by Sky Harbor. We are actively pursuing these projects through our exploration and drilling programs.

Skyharbour has a joint venture with industry leader Orano Canada Inc. on the Preston Project, with Orano acquiring a 51% interest in the project through exploration costs and cash payments. Skyharbour now owns his 24.5% interest in the project. Skyharbour also has a joint venture with Azincourt Energy on the East Preston Project, with Azincourt acquiring a 70% interest in the project through exploration expenditures, cash payments and the issuance of shares. Skyharbour currently owns a 15% interest in the project. Preston and East Preston are geologically promising large-scale formations close to the nuclear fission uranium Triple R deposit and NexGen Energy’s Arrow deposit.

Sky Harbor has several active option partners, including Valor Resources for the ASX-listed Lake Hook Uranium Project, Basin Uranium Corp. for the CSE-listed Lake Mann Uranium Project, and CSE-listed Medalo Mining Corporation for the Yurchisong Project. Most recently, Skyharbour announced two new earn-in option agreements with Australian private company Yellow Rocks Energy, selecting the Wallee and Usam Island projects and the South Falcon East project Tisdale Clean Energy. did.

In addition, the Company owns a 100% interest in the South Falcon Point Uranium Project on the eastern rim of the Basin, which contains an NI 43-101 Inferred Resource totaling 7 million pounds of U.₃〇₈ 0.03% and 5.3 million pounds of ThO₂ at 0.023%. Sky Harbor recently selected the South Falcon East Project, a uranium project in the southeastern Athabasca Basin and representing part of the larger South Falcon Project, to Tisdale Clean Energy, with Tisdale funding exploration and Sky Harbor. Pay Haber in cash to issue stock in the company. Earn-in period of 5 years.

Sky Harbor has now signed option agreements with its partners, and assuming these partner companies are profitable, the total exploration costs funded by the partners will exceed $34 million and 2,300 shares will be issued. million, and just under $15 million in cash payments to Sky Harbor. Full amount for each project.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, strong long-term partnerships and the promotion of exploration projects in geopolitically favorable jurisdictions.

Sky Harbor Uranium Project Map in the Athabasca Basin:
http://www.skyharbourltd.com/_resources/images/SKY-SaskProject-Locator-20220324.jpg

For more information about Skyharbour Resources Ltd. (TSX-V: SYH), please visit their website www.skyharbourltd.com.

SKYHARBOR RESOURCES LTD.

“Jordan Trimble”

Jordan Trimble
Representative Director and President

For more information contact me or contact me below.
Nicholas Cortura
Corporate development and communication
Sky Harbor Resources Co., Ltd.
Phone: 604-558-5847
Toll Free: 800-567-8181
Fax: 604-687-3119
Email: [email protected]

Neither TSX Venture Exchange nor its regulated service providers are responsible for the adequacy or accuracy of the contents of this news release.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any U.S. state, and will be offered or sold in the United States. It is not. or on or for the account or benefit of a United States person, unless registered or exempt from the registration requirements of the United States securities laws and applicable United States state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction.

This release contains certain statements that may be considered “forward-looking statements.” All statements, other than statements of historical fact, in this release that address events or developments expected by the company’s management, including private placements, are forward-looking statements. Although management believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may vary. or developments may differ materially from forward-looking statements. We undertake no obligation to update these forward-looking statements if management’s beliefs, estimates, opinions or other factors change. Factors that could cause actual results to differ materially from forward-looking statements include market prices, exploration and development success, regulatory approvals, continued availability of capital and financing, and general include general economic, market or business conditions. See our public documents. www.sedar.com for more information.

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