Ellis Martin Report: Skyharbour Adds 100% of South Dufferin Uranium Project from Denison Mines

May 5, 2023
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Skyharbour Resources Ltd.

TSX-V: SYH | OTCQX: SYHBF | Frankfurt: SC1P

In this segment of The Ellis Martin Report we speak with Jordan Trimble, CEO of Skyharbour Resources (TSX-V:SYH/OTC:SYHBF) as the company adds 100% of South Dufferin #Uranium Project from Denison Mines in the Athabasca Basin of Saskatchewan, Canada.

https://www.youtube.com/watch?v=yFcZsVHOhd8

Skyharbour Resources Ltd. announce that it has acquired 100% of the South Dufferin Uranium Project (“South Dufferin” or the “Project”) from Denison Mines Corp. (“Denison”). The South Dufferin Project comprises 12,282 hectares (30,349 acres) over nine claims in the Athabasca Basin, which is host to the highest-grade uranium deposits in the world and is consistently ranked as a top mining jurisdiction by the Fraser Institute.

South Dufferin Property Map: https://skyharbourltd.com/_resources/…

The new properties recently staked along with South Dufferin bring Skyharbour’s total land package that it has ownership interest in to 504,356 hectares (1,246,290 acres), across twenty-four properties, representing one of the largest project portfolios in the region. As the Company remains focused at its ongoing 10,000m drill program at the Russell Lake project, South Dufferin will become a part of Skyharbour’s prospect generator business as the Company will seek strategic partners to advance this asset.

Skyharbour’s New Uranium Project Portfolio Map: https://www.skyharbourltd.com/_resour…

Jordan Trimble, President and CEO of Skyharbour Resources, states: “We are very pleased to have reached an agreement with Denison to acquire a 100% interest in South Dufferin, adding to our recently staked properties and to our dominant uranium project portfolio in the Athabasca Basin. South Dufferin complements our more advanced-stage exploration assets including Russell Lake, Moore and South Falcon Point, and provides additional ground to option or joint-venture out to new partner companies as a part of our prospect generator business. Furthermore, Denison Mines has been a valuable strategic partner for a number of years and we welcome them as an even larger shareholder now.

David Cates, President and CEO of Denison Mines and a Director of Skyharbour, states: “Skyharbour has a large exploration project portfolio, with a unique mix of partner-optioned and funded projects as well as the dual-flagship and Skyharbour-operated Russell Lake and Moore Lake properties. With this transaction, Denison increases its ownership in Skyharbour in exchange for a prospective exploration property that became non-core in the Denison portfolio given our development and exploration focus in areas proximal to our flagship Wheeler River and McClean Lake properties. We are pleased to increase our shareholdings in Skyharbour and look forward to the continued collaboration between our companies.”

Ellis Martin is a shareholder of SkyHarbour Resources
SkyHarbour Resources is a paid sponsor of The Ellis Martin Report

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MiningIR hosts a variety of articles from a range of sources. Our content, while interesting, should not be considered as formal financial advice. Always seek professional guidance and consult a range of sources before investing.
James Hyland, MiningIR
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