Skyharbour Starts Trading OTCQX in US, The Canadian Business Journal

VANCOUVER, British Columbia, September 30, 2022 (GLOBE NEWSWIRE) — of Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (Company”) OTC Markets Group Inc. (OTCQX: OTCM), the operator of regulated markets for 12,000 U.S. and international securities, today announced that Skyharbour has qualified to trade on the OTCQX® Best Market. Skyharbour upgraded from OTCQB® Venture Market to OTCQX. Skyharbour will start trading his OTCQX today under the symbol ‘SYHBF’.

The OTCQX market is designed for established, investor-focused US and international companies. To qualify for OTCQX, companies must demonstrate that they meet high financial standards, follow best practice corporate governance, and comply with applicable securities laws. The move from the OTCQB market to his OTCQX market is an important milestone for the company, allowing it to prove its credentials and increase its visibility among US investors.

Skyharbour President and CEO Jordan Trimble commented: Sky Harbor will benefit from rising uranium prices and improving market fundamentals as positive sentiment around nuclear energy has recently revived as the world transitions from carbon-intensive to low-carbon sources. I can. Upgrading to OTCQX will make it easier for US investors to trade our common stock, providing a stronger potential shareholder and capital base. ”

US investors can access the company’s current financial disclosures and real-time Level 2 quotes at www.otcmarkets.com.

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. 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 has several active option partners including: ASX Listed Valor Resource at Hook Lake Uranium Project. CSE-listed Basin Uranium Corp. at the Loch Mann Uranium Project. Basin Uranium will acquire 75% of the project through a $4,000,000 exploration fee, a $850,000 cash payment, and a three-year equity issue. Medaro Mining Corp., which is CSE-listed for the Yurchisong Project, announced that Medaro will pay $5 million in exploration costs, $800,000 in cash payments, and a three-year equity offering followed by the remaining 30% of the project, which will pay for the remaining 30% of the project at $7,500,000. It will be paid for in cash and $7,500,000 worth of stock.

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 applicable exemption from registration requirements under 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 the forward-looking statements include market prices, exploration and development success, regulatory approvals, continued availability of capital and funding and generally economic, market or business conditions. See our public documents. www.sedar.com for more information.

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