Why You Should Consider Skyharbour Resources

(OTCQX: SYHBF) (TSXV: SYH) Today

Skyharbour is well positioned with one of the largest uranium project portfolios in the Athabasca Basin (over 1.2M acres of mineral tenure)
The Company is well funded and is about to embark on its largest combined drill campaign across several projects
Offers investors to upside high-grade uranium discovery potential at the co-flagship Russell and Moore uranium projects while partners advance some of the secondary projects
Three larger strategic partners in Rio Tinto, Denison Mines and Orano
Institutions are piling in and have been accumulating millions of shares of Skyharbour Resources (OTCQX: SYHBF) (TSXV: SYH)^(24)(25)

Skyharbour Holds an Extensive Portfolio of Drill Ready Uranium Exploration Projects in “Friendly” Canada.

Russell Lake (Optioned from Rio Tinto) and Moore Uranium Projects

Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometers east of Denison’s Wheeler River project and 39 kilometers south of Cameco’s McArthur River uranium mine.⁽³⁸⁾

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% U3O8 over 5.9 meters including 20.8% U3O8 over 1.5 meters at a vertical depth of 265 meters.⁽³⁸⁾

Furthermore, Skyharbour owns a 100% interest in the 44,470 ha South Falcon Point Project located in the eastern perimeter of the Basin, which contains a NI 43-101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. Adjacent to the Moore Uranium Project is Skyharbour’s recently optioned Russell Lake Uranium Project from Rio Tinto, which hosts historical high-grade drill intercepts over a large property area with robust exploration upside potential.⁽³⁸⁾

Skyharbour has the option to acquire an initial 51% and up to 100% of Rio Tinto’s 73,294 hectare, Russell Lake Uranium Property strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan. The Company is actively advancing these two co-flagship projects through exploration and drill programs.⁽³⁸⁾The Company is planning an aggressive combined 8,000m drill program in the first half of 2024 consisting of 5,000m at Russell follow by 3,000m at Moore.

Russell Lake Uranium Project, which comprises 26 claims covering 73,294 hectares of prospective exploration ground strategically situated between the Company’s Moore Uranium project (to the east) and Denison Mines’ Wheeler River project (to the west) in the eastern portion of the Athabasca.⁽¹⁷⁾

The Project is a premier, advanced-stage exploration property given its large size, proximity to critical regional infrastructure, and the significant amount of historical exploration carried out on the property, which has identified numerous prospective target areas and several high-grade uranium showings as well as drill hole intercepts. The Property is centrally located between Cameco Corp.’s Key Lake mill to the south and the McArthur River mine to the north.⁽¹⁷⁾

Access to the Property is via Highway 914, which services the McArthur River Mine and runs through the western extent of the Property along with a high-voltage powerline that energizes the existing mining operations in the eastern portion of the Athabasca Basin.⁽¹⁷⁾

Highlights:

Skyharbour has an option to acquire an initial 51% and up to 100% of Rio Tinto’s 73,294 ha Russell Lake Uranium Property strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan.⁽¹⁷⁾

Both Highway 914 servicing McArthur River and a high-voltage power line connected to the provincial power grid run through the Property’s western claims.⁽¹⁷⁾

Skyharbour, as an operator, can earn an initial 51% interest in the Property by paying CAD $508,200 in cash, issuing 3,584,014 common shares to RTEC, and funding CAD $5,717,250 in exploration on the Project, inclusive of a 10% management fee to Skyharbour, over a period of 3 years.⁽¹⁷⁾

Skyharbour has a second option to earn an additional 19% interest for a total of 70%, and a further possible option to obtain the remaining 30% interest in the Project for an undivided 100% ownership interest.⁽¹⁷⁾

The Property has been the subject of significant historical exploration efforts including over 95,000 meters of drilling in over 220 drill holes. This provides the Company with an excellent dataset to direct subsequent exploration of high-priority areas with the potential for near-term discovery of high-grade uranium mineralization.⁽¹⁷⁾

Previous exploration work has identified numerous highly prospective target areas, some of which host high-grade uranium mineralization in historical drill holes. Furthermore, there are over 35 kilometers of untested conductors on the Property in magnetic lows, which are indicative of pelitic basement rocks conducive to uranium deposition in the Athabasca Basin.⁽¹⁷⁾

The Property has a permitted and functional exploration camp suitable for over forty people and is conveniently located near Highway 914 and within 5 km kilometers of Denison’s Phoenix deposit. The Property’s claims are in good standing for 2-22 years from banked assessment credits.⁽¹⁷⁾

Skyharbour completed an inaugural drilling campaign in 2023 which consisted 9,595m in nineteen holes over three phases at the Project in which significant uranium mineralization was found in numerous holes.

The primary focus of the inaugural program was at the Grayling Zone and the Fox Lake Trail area, where several historical drilling campaigns intersected notable uranium mineralization, which Skyharbour followed up on.

Given the success of the inaugural drill program carried out by the Company at Russell Lake, a follow-up program will commence shortly. The fully-funded program will consist of 5,000 m of drilling and is slated to commence in January.

Additional Skyharbour Projects info can be found here.

The Changing of Attitudes Across the Globe Could Bring Billions of Dollars into the Uranium Market.⁽³²⁾

Europe’s ethical investors may soften their attitude toward nuclear power after the carbon-free technology won EU recognition as a sustainable activity.⁽³²⁾

Nuclear will join the EU’s green taxonomy next year, potentially easing investor concerns about whether it should be considered environmentally friendly. The move could in turn open new funding sources for European nuclear operators, as the industry faces up to €550 billion (USD $580 billion) of investment needs through 2050, based on EU forecasts.⁽³²⁾

The new green status adds to growing momentum for the power source in Europe as technology developments and greater appreciation for nuclear’s ability to consistently supply carbon-free power increasingly outweigh traditional worries about radioactive waste and safety levels.

At the recent COP28 conference in Dubai, a major positive development occurred when 22 nations including the USA, Canada, China and several European member states signed a declaration to triple nuclear capacity by 2050.

“22 Countries Pledge to Triple Nuclear Capacity…Calling Nuclear the Most Effective Alternative to Fossil Fuels”

Global Demand For Uranium Is Growing, Shortages Possible⁽³⁷⁾

The lion’s share of uranium is traded under long-term contracts between uranium producers and utility companies. The rest is traded in the spot market. The primary driver of the demand for uranium is the capacity of nuclear reactors used to generate electricity.⁽³⁷⁾

Industry experts project that, given the number of new reactors planned and the worldwide growing demand for electricity, the demand for uranium will grow significantly over the next decade.⁽³⁷⁾

Only freshly-mined uranium may satisfy the growing demand.⁽³⁷⁾

The current annual global consumption is 190 million pounds, while annual global mine production is 140 million pounds, resulting in a 50-million pound deficit.⁽³⁷⁾

Inventory drawdowns and other sources of secondary supply currently make up the difference. Industry experts, however, project that the supply of these secondary sources will decrease by 50% over the next decade, while global demand for uranium will increase, widening the supply-demand gap.⁽³⁷⁾

Only primary sources of uranium—i.e., the supply produced from mines—can make up the coming shortfall, because the stockpiles will be gone.⁽³⁷⁾

There are 437 operating nuclear power plants in the world, and 61 new plants are currently under construction.⁽³⁷⁾

In the next two decades, China, India, Russia, Europe, the Middle East, and Southeast Asia will dramatically expand their use of nuclear energy, causing fierce competition for mined uranium.⁽³⁷⁾

According to the World Nuclear Association, 139 new plants are in the planning stage and 326 new plants are in the proposal stage.⁽³⁷⁾

China will build 50 new reactors by 2030 (500% increase), and India will build 35 (150% increase).⁽³⁷⁾

China alone will consume the equivalent of one-third of today’s global uranium market.⁽³⁷⁾

China and Russia have already begun aggressively buying up huge stakes in uranium mining operations around the world in order to stockpile uranium to meet their rising domestic demand.⁽³⁷⁾

Investor’s Summary:

Why You Should Consider Skyharbour Resources

(OTCQX: SYHBF) (TSXV: SYH) Today

Skyharbour is well positioned with one of the largest uranium project portfolios in the Athabasca Basin (over 1.2M acres of mineral tenure)
The Company is well funded and is about to embark on its largest combined drill campaign across several projects
Offers investors to upside high-grade uranium discovery potential at the co-flagship Russell and Moore uranium projects while partners advance some of the secondary projects
Three larger strategic partners in Rio Tinto, Denison Mines and Orano
Institutions are piling in and have been accumulating millions of shares of Skyharbour Resources (OTCQX: SYHBF) (TSXV: SYH)^(24)(25)

A Closer Look at Skyharbour’s High-Upside Uranium Projects

Moore Uranium Project

Skyharbour owns 100% of the 35,705 hectares Moore Uranium Project located 42 kilometers northeast of the Key Lake mill, approx. 15 kilometers east of Denison’s Wheeler River project, and 39 kilometers south of Cameco’s McArthur River mine.⁽⁴²⁾

Unconformity-hosted uranium mineralization was discovered on the property at the Maverick Zone in the early 2000s at relatively shallow depths. Skyharbour has carried out several drill programs with multiple holes intersecting high-grade uranium mineralization over the 4km long Maverick corridor.⁽⁴²⁾

Drill results include 20.8% U3O8 over 1.5m at 264m depth in hole ML-199, 9.12% U3O8 over 1.4m at 278m in hole ML-202, and 5.29% over 2.5m U3O8 at 279m depth in hole ML-200. Hole ML-202 represents a new high-grade discovery and illustrates the strong discovery potential of additional high-grade lenses along strike.⁽⁴²⁾

The Company is planning additional drill programs to expand the known high-grade Maverick Zone and to test basement-hosted targets as well as regional targets.⁽⁴²⁾A fully-funded 3,000m drill program is planned to commence in the first quarter of 2024.

Highlights:

12 contiguous claims totalling 35,705 hectares(42)
Strategically located just east of the midpoint between the Key Lake mine and mill complex and the producing McArthur River mine ⁽⁴²⁾
The property has been the subject of extensive historic exploration with over $40 million in expenditures, and over 140,000 meters of diamond drilling completed in +380 drill holes ⁽⁴²⁾

High grade and relatively shallow “Maverick Zone”:⁽⁴²⁾

Drill hole ML-61 returned 4.03% eU3O8 over 10 meters, including 20% eU3O8 over 1.4 meters, starting at a depth of 264.68 meters⁽⁴²⁾
Drill holes ML-55 and ML-47 also encountered high-grade mineralization, returning 5.14% U3O8 over 6.2 meters, and 4.01% U3O8 over 4.7 meters, respectively⁽⁴²⁾

In addition to offering high-grade uranium discovery potential at its 100% owned Moore Lake, Skyharbour also boasts seven partner companies advancing its other projects. The option agreements and JV’s with these companies combine for CAD $34.35 million in exploration expenditures, $14.85 million in cash payments, and over $20 million in share issuances from these partner companies assuming they complete their respective earn-ins.

Skyharbour has a joint venture with industry leader Orano (France’s largest uranium mining and nuclear fuel cycle company) at the Preston Project whereby Orano has earned a 51% interest in the project through exploration expenditures and cash payments. Skyharbour now owns a 24.5% interest in the Project.⁽⁴²⁾

Skyharbour also has a joint venture with Azincourt Energy at the East Preston Project whereby Azincourt has earned a 70% interest in the project through exploration expenditures, cash payments, and share issuance. Skyharbour now owns a 15% interest in the Project. Preston and East Preston are large, geologically prospective properties proximal to Fission Uranium’s Triple R deposit as well as NexGen Energy’s Arrow deposit.⁽⁴²⁾

In addition, Skyharbour also has several active option partners including:

In addition to offering high-grade uranium discovery potential at its 100% owned Moore Lake, Skyharbour also boasts eight partner companies advancing nine other projects. The option agreements and JV’s with these companies combine for CAD $37 million in exploration expenditures, $19 million in cash payments, and over $28 million in share issuances from these partner companies assuming they complete their respective earn-ins.

Skyharbour also has a joint venture with Azincourt Energy at the East Preston Project whereby Azincourt has earned a majority interest in the project through exploration expenditures, cash payments, and share issuance. Skyharbour now owns a 9.5% interest in the Project. Preston and East Preston are large, geologically prospective properties proximal to Fission Uranium’s Triple R deposit as well as NexGen Energy’s Arrow deposit.⁽⁴²⁾

In addition, Skyharbour also has several active earn-in option partners including:

– ASX-listed Valor Resources on the Hook Lake Uranium Project whereby Valor can earn-in 80% of the project through CAD $3,500,000 in exploration expenditures, $475,000 in cash payments over three years, and an initial share issuance.⁽⁴³⁾

– CSE-listed Basin Uranium Corp. on the Mann Lake Uranium Project whereby Basin Uranium can earn-in 75% of the project through $4,000,000 in exploration expenditures, $850,000 in cash payments as well as share issuances over three years.⁽⁴⁴⁾

– and CSE-listed Medaro Mining Corp. on the Yurchison Project whereby Medaro can earn-in an initial 70% of the project through $5,000,000 in exploration expenditures, $800,000 in cash payments as well as share issuances over three years followed by the option to acquire the remaining 30% of the project through a payment of $7,500,000 in cash and $7,500,000 worth of shares.⁽³³⁾

– Australian company Yellow Rocks Energy on the Usam and Wallee Uranium Projects whereby Yellow Rocks can earn-in 80% of the projects through AUD $50,000 in cash payments to Skyharbour, AUD $4,500,000 in exploration, and issue a total of AUD $2,025,000 worth of Yellow Rock shares to Skyharbour over 39-month period (subject to ASX listing and financing)

– TSX.V-listed Tisdale Clean Energy on the South Falcon East Project whereby Tisdale can earn-in up to 75% of the project through the issuance of 1,111,111 shares upfront, fund exploration expenditures totaling CAD $10,500,000, and pay Skyharbour $11,100,000 in cash of which $6,500,000 can be settled for shares over a five year earn-in

– TSX.V-listed North Shore Uranium on the Falcon Uranium Project whereby North Shore can earn an initial 80% interest in the claims over a three year period by fulfilling combined cash, share issuance and exploration expenditure commitments of CAD $5.3 million, with an option to purchase the remaining 20% for an additional CAD $10 million in cash and shares

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favorable jurisdictions.⁽⁴⁵⁾

Falcon and South Falcon Easy Uranium Projects⁽⁴⁶⁾

Image Source (46)

The South Falcon East Project is an advanced-stage uranium exploration project in the southeast Athabasca Basin owned by Skyharbour. The project covers approximately 12,234 hectares and lies 18 kilometers outside the Athabasca Basin, approximately 55 kilometers east of the Key Lake Mine. Drilling to date on the entire Falcon Point Project area totals over 22,000 metres in more than 110 holes and the project contains a shallow NI 43-101 inferred resource totaling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%.

Skyharbour has entered into an option agreement with Tisdale Clean Energy Corp. which provides Tisdale an earn-in option to acquire an initial 51% interest and up to a 75% interest in the property. Tisdale is planning an extensive preliminary drill program to commence in early 2024 which will consist of approximately 2,000 metres of drilling. The priority will be to confirm and expand the existing mineralization associated with the Fraser Lakes Zone B uranium deposit.

Skyharbour also owns 100% of the adjacent Falcon Uranium Project which covers 42,908 hectares covering 11 claims approximately 50 km east of the Key Lake mine. Uranium mineralization discovered to date at Falcon is shallow and is hosted in two geological settings, with the southern half hosting classic Athabasca-style basement mineralization associated with well-developed EM conductors which include EWA and Walker targets. Historical exploration has consisted of airborne and ground geophysics, multi-phased diamond drill campaigns, detailed geochemical sampling and surveys, and ground-based prospecting culminating in an extensive geological database for the project area. The project area is in close proximity to two all-weather northern highways and grid power.

Skyharbour recently entered into an option agreement with North Shore Uranium on the Falcon Uranium Project whereby North Shore can earn an initial 80% interest in the claims over a three year period by fulfilling combined cash, share issuance and exploration expenditure commitments. North Shore is planning an initial drill program to commence in early 2024.

The Preston Project⁽⁴⁷⁾

The Preston Project is a large land position totaling 49,635 hectares strategically located proximal to NexGen Energy’s (TSX-V: NXE) high-grade Arrow uranium deposit and Fission Uranium’s (TSX: FCU) Patterson Lake South Triple R deposit. In March 2017, Skyharbour and its Preston partner company Clean Commodities signed an option agreement with Orano Canada Inc. (formerly AREVA and France’s largest uranium mining and nuclear fuel cycle company).

In March 2021, Orano completed its earn-in of 51%, by completing $4,800,000 in exploration expenditures and making a total of $200,000 in cash payments over three years, thus forming a joint venture with Skyharbour Resources and Dixie Gold both retaining a 24.5% interest. The Preston Uranium Project is a strategic, district-scale property with robust exploration upside potential and Skyharbour is utilizing the prospect generator model to advance this project with strategic partners.⁽⁴⁷⁾A 2024 exploration program is planned and will be carried out through the year.

The East Preston Project⁽⁴⁸⁾

The East Preston Uranium Project is a large land position totaling 20,674 hectares, representing the eastern region of the larger Preston Project strategically located near NexGen Energy Ltd’s high-grade Arrow deposit on its Rook-1 property and Fission Uranium Corp Triple R deposit located within their PLS Project area.⁽⁴⁸⁾

In February 2021, Azincourt earned their interest in the project by completing CAD $2.5 million in staged exploration expenditures and making a total of CAD $1 million in cash payments over the previous four years as well as issuing a total of 9.5 million common shares of Azincourt divided evenly between Skyharbour and Dixie Gold. Skyharbour’s current ownership of the East Preston Project is 9.5% with Dixie owning 4.7%.

In 2023, Azincourt completed 3,066 meters of drilling in 13 drill holes, with results showing uranium enrichment within the previously identified clay alteration zones along the K, and H- target zones. Planning is underway for a winter 2024 drill program focusing on the alteration zone associated with the K- and H-Zones previously identified in recently completed programs.

The Hook Lake Project ⁽⁴⁸⁾

The Hook Lake Project (formerly North Falcon Point) consists of 16 contiguous mining claims covering 25,846 hectares, located 60 km east of the Key Lake Uranium Mine in northern Saskatchewan. The Project is host to several prospective areas of uranium mineralization including the Hook Lake / Zone S High-grade surface outcrop with reported grades in grab samples up to 68% U3O8. In December 2020, the Company announced a

Definitive Agreement with ASX listed Valor Resources which provides Valor an earn-in option to acquire an 80% working interest in the Hook Lake Uranium Project.

Valor Resources completed its maiden drilling program at the Hook Lake Project earlier in 2022. The drilling program comprised eight drill holes for 1,757m, with six holes at the S-Zone prospect and two at the V-Grid prospect. A total of 305 samples were collected from the program and submitted to the lab.

Valor also completed an airborne gravity gradiometry survey in the summer of 2022 and following an interpretation of the data, eleven new targets were defined. The airborne gravity survey has confirmed eleven new targets which provides Valor with excellent potential drill targets at the project.

The Mann Lake Project (44)

The 3,473 hectare Mann Lake Uranium Project is strategically located in the eastern Athabasca Basin 25 km southwest of the McArthur River Mine and adjacent to the Mann Lake Joint Venture operated by Cameco (52.5%) with partners Denison Mines (30%) and Orano (formerly AREVA) (17.5%). Denison acquired International Enexco and its 30% interest on this adjacent project after a 2014 winter drill program discovered high-grade, basement-hosted uranium mineralization. In 2014, Skyharbour completed an EM survey on its Mann Lake Project that was successful in confirming the presence of a broad, NE-SW trending corridor of conductive basement rocks. In October 2021, an option agreement was signed with Basin Uranium Corp providing them with an earn-in option to acquire up to a 75% interest in the Mann Lake Uranium Project.⁽⁴⁴⁾

In 2022, Basin Uranium completed two phases of drilling totalling 6,279m in nine holes which intersected anomalous uranium mineralization. Basin has plans to carry out additional exploration and drilling in 2024.

Additional information on Skyharbour Projects info can be found here.

Skyharbour Resources Ltd. is led by strong management and geological teams with a solid track record of success.

The team includes:

Jordan Trimble B.SC., CFA

Director, President, CEO

Jordan Trimble is the President and Chief Executive Officer as well as a Director of Skyharbour Resources Ltd. By background, he is an entrepreneur and has worked in the resource industry in various roles with numerous companies specializing in management, corporate finance and strategy, shareholder communications, business development and capital raising. Previous to Skyharbour, he was the Corporate Development Manager for Bayfield Ventures, a gold company with projects in Ontario which was successfully acquired by New Gold (TSX: NGD) in 2014. Bayfield made a high grade gold and silver discovery at its Burns Block property in the Rainy River district which is now a part of the producing Rainy River Mine.

Through his career Mr. Trimble has founded and helped manage several public and private companies and has been instrumental in raising substantial amounts of capital for mining companies with his extensive network of institutional and retail investors. He is a frequent speaker at resource and mining conferences globally and has appeared on various media outlets including BNN and the Financial Post. Mr. Trimble holds a Bachelor of Science Degree with a Minor in Commerce from the University of British Columbia and he is a CFA® Charterholder and served a full term as a Director of the CFA Society Vancouver.

David Cates, CPA, MAcc.
Director

David Cates, CPA, MAcc, is a Director of Skyharbour. He is the President and CEO of Denison Mines (TSX: DML). Prior to being appointed the President and CEO position Mr. Cates served as Denison’s Vice President Finance, Tax and Chief Financial Officer. As Chief Financial Officer, Mr. Cates played a key role in the Company’s mergers and acquisitions activities – leading the acquisition of Rockgate Capital Corp. and International Enexco Ltd. Mr. Cates joined Denison in 2008 and held the position of Director, Taxation prior to his appointment as Chief Financial Officer. Prior to joining the Company, Mr. Cates held positions at Kinross Gold Corp. and PwC LLP with a focus on the resource industry.

Paul Matysek, M.Sc., P.Geo.
Strategic Advisor

Paul Matysek is a Strategic Advisor for Skyharbour and is a mining entrepreneur, professional geochemist and geologist with over 35 years of experience in the mining industry. He was the Founder, President and CEO of Energy Metals Corporation, a premier uranium company that traded on the New York and Toronto Stock Exchanges. Mr. Matysek led EMC as one of the fastest growing Canadian companies in recent years, increasing its market capitalization from $10 million in 2004 to approximately $1.8 billion when it was acquired by a larger uranium producer, Uranium One Inc., in 2007. ⁽⁴⁹⁾

In addition to serving as Chairman of Lithium X before its recent sale, Mr. Matysek was President and CEO of Goldrock Mines Corp. which on June 7th, 2016 announced it had entered into a definitive agreement to be acquired by Fortuna Silver Mines (NYSE:FSM) (TSX:FVI) for $129 million on a fully-diluted in-the-money basis. Previously, He was also the President and CEO of Lithium One Inc., which developed a high quality lithium project in northern Argentina. In July 2012, Lithium One and Galaxy Resources merged with a $112 million plan to create a fully integrated lithium company. Prior to Lithium One, Mr. Matysek was the President and CEO of Potash One Inc. where he was the architect of the $434 million friendly takeover of Potash One by K+S Ag, which closed in early 2011.⁽⁴⁹⁾

Jim Pettit
Chairman and Director

Jim Pettit brings over 30 years of experience in the resource industry specializing in finance, corporate governance, management, and compliance and was previously Chairman and CEO of Bayfield Ventures Corp. which was sold to New Gold in 2014. (49)

Dave Billard, P.GEO.
Consulting Geologist

Dave Billard is a geologist with over 35 years of exploration and development experience, searching for uranium, gold and base metals in western Canada and the western US. He is a graduate of the University of Saskatchewan (1984) and Professional Geoscientist registered in Saskatchewan. He was Chief Operating Officer, Vice President Exploration and Director for JNR Resources Inc, prior to their acquisition by Denison Mines in 2013. Dave was instrumental in the discovery of JNR’s Maverick and Fraser Lakes B zones and, earlier in his career, participated in the discovery and development of several significant gold deposits in northern Saskatchewan. Before joining JNR Dave was a geological consultant specializing in uranium exploration in the Athabasca Basin of Saskatchewan and prior to that, was employed by Cameco Corporation for over 12 years. Mr. Billard is currently a geological consultant based in Saskatoon and is a Director of Troymet Exploration Corp. (49)

Christine McKechnie, M.SC.
Senior Project Geologist

Christine McKechnie is a geologist specializing in uranium deposits, in particular basement-hosted unconformity-related deposits in the Athabasca Basin and surrounding area. Since starting her career, she has worked for several companies (Claude Resources Inc., JNR Resources Inc., CanAlaska Uranium Ltd., and Cameco Corp.) carrying out gold and uranium exploration and working underground at the Eagle Point Mine; in addition to a summer mapping with the Saskatchewan Geological Survey. She completed her B.Sc. (High Honors) in 2008 from the University of Saskatchewan (U of S), and in early 2013, she completed a M.Sc. thesis at the U of S on the geology and origin of the Fraser Lakes Zone B pegmatite-/leucogranite-hosted U-Th-REE deposit in northern Saskatchewan. As part of her thesis, she co-authored four peer-reviewed journal papers on the Fraser Lakes Zone B deposit and other basement-hosted uranium prospects in northern Saskatchewan. Her paper (co-authored with Dr. Irvine Annesley and Dr. Kevin Ansdell) entitled “Geological Setting, Petrology, and Geochemistry of Granitic Pegmatites and Leucogranites Hosting U-Th-REE Mineralization at Fraser Lakes Zone B, Wollaston Domain, Northern Saskatchewan, Canada” received the 2015 CIM Barlow Medal for Best Geological Paper.⁽⁴⁹⁾

Dr. Andrew Ramcharan PH.D., P.ENG, FAUSIMM
Senior Vice President of Corporate Development

Dr. Ramcharan has an extensive background in corporate development, mining and exploration, project evaluation, and investment banking spanning over twenty years. Previously, as Manager of Corporate Development for IAMGOLD, Dr. Ramcharan was involved in raising over $600 million in equity financings and worked on project acquisitions totaling over $800 million. Prior to that, he was at SRK Consulting for several years and worked with uranium companies including SXR Uranium One, Ur-Energy, and UraMin which eventually sold for $2.5 billion in 2007 to Areva. Dr. Ramcharan has also held senior roles with Sprott and Resource Capital Funds, where he performed over 300 project evaluations and helped complete numerous debt and equity financings. More recently he was the Executive Vice President of Corporate Development and Investor Relations for Roscan Gold where he has been instrumental in raising over $40 million.(49)

Dr. Ramcharan holds a Ph.D. and M.Sc. in Mining Engineering and Mineral Economics, and attended the Colorado School of Mines, University of Leoben, and Harvard Business School Continuing Education Program. Dr. Ramcharan is a P.Eng. in Ontario, a Registered Member of The Society for Mining, Metallurgy and Exploration (SME) in USA, a Fellow of both The Australasian Institute of Mining and Metallurgy (AusIMM) and The South African Institute of Mining and Metallurgy (SAIMM).

Investor’s Summary:

Why You Should Consider Skyharbour Resources

(OTCQX: SYHBF) (TSXV: SYH) Today

Skyharbour is well positioned with one of the largest uranium project portfolios in the Athabasca Basin (over 1.2M acres of mineral tenure)
The Company is well funded and is about to embark on its largest combined drill campaign across several projects
Offers investors to upside high-grade uranium discovery potential at the co-flagship Russell and Moore uranium projects while partners advance some of the secondary projects
Three larger strategic partners in Rio Tinto, Denison Mines and Orano
Institutions are piling in and have been accumulating millions of shares of Skyharbour Resources (OTCQX: SYHBF) (TSXV: SYH)^(24)(25)

^{Source List:}

A: https://sprottetfs.com/urnm-sprott-uranium-miners-etf/?gclid=Cj0KCQiAtOmsBhCnARIsAGPa5yaPSHZVKMDWcPph4i6Bek5QLZbXg5-UU2qWJdSoxjehezOAGVuKUJ4aArZ4EALw_wcB

Source 1: https://tradingeconomics.com/commodity/uranium

Source 2: https://www.bnnbloomberg.ca/skyharbour-resources-has-positioned-itself-to-capitalize-on-the-bullish-uranium-market-1.1600720

Source 3: https://www.bloomberg.com/news/features/2021-11-02/china-climate-goals-hinge-on-440-billion-nuclear-power-plan-to-rival-u-s

Source 4: https://skyharbourltd.com/_resources/presentations/corporate-presentation.pdf

Source 5: https://www.cnbc.com/2021/04/22/biden-pledges-to-slash-greenhouse-gas-emissions-in-half-by-2030.html

Source 6: https://www.bbc.com/news/world-europe-56828383

Source 7: https://www.scientificamerican.com/article/china-says-it-will-stop-releasing-co2-within-40-years/

Source 8: https://www.energy.gov/ne/articles/3-reasons-why-nuclear-clean-and-sustainable

Source 9: https://www.spglobal.com/platts/en/market-insights/latest-news/metals/072921-uranium-demand-rising-while-supply-remains-uncertain-cameco

Source 10: https://news.un.org/en/story/2021/08/1097572

Source 11: https://investorintel.com/markets/uranium-energy/uranium-energy-intel/canadas-athabasca-basin-the-worlds-richest-uranium-play/

Source 12: https://www.globenewswire.com/news-release/2021/09/14/2296344/36591/en/Skyharbour-Intersects-High-Grade-Uranium-Mineralization-at-Maverick-East-Zone-with-Drill-Results-of-2-54-U3O8-over-6-0m-including-6-80-U3O8-over-2-0m-Additional-Assays-Pending-and-.html

Source 13: https://skyharbourltd.com/projects/projects-overview/

Source 14: https://stockcharts.com/h-sc/ui?s=SYH.V

Source 15: https://www.barchart.com/stocks/quotes/SYH.VN/overview

Source 16: https://www.reuters.com/business/energy/russias-yamal-europe-westbound-gas-pipeline-flows-stopped-friday-2022-03-04/

Source 17: https://www.globenewswire.com/news-release/2022/05/19/2446685/36591/en/Skyharbour-Secures-Option-to-Acquire-an-Initial-51-and-Up-to-100-of-the-Russell-Lake-Uranium-Project-from-Rio-Tinto-in-the-Athabasca-Basin-of-Saskatchewan.html

Source 18: http://skyharbourltd.com/_resources/presentations/corporate-presentation.pdf?v=0.844

19.)https://www.prnewswire.com/news-releases/value-of-uranium-rising-as-demand-grows-for-nuclear-energy-generation-around-the-globe-301548646.html

20.)https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/esg-investors-warm-to-nuclear-power-after-eu-green-label-award-69002267

21.)https://redcloudresearch.com/skyharbour-resources-ltd-tsxvsyh-51-of-russell-lake-acquired-looking-to-dust-off-exploration-targets/

22.) http://skyharbourltd.com/_resources/presentations/corporate-presentation.pdf?v=0.844

23.) https://www.world-nuclear.org/information-library/nuclear-fuel-cycle/mining-of-uranium/uranium-mining-overview.aspx

24.) https://sprottetfs.com/urnm-sprott-uranium-miners-etf/#

25.) https://www.globalxetfs.com/funds/ura/

26.) https://www.pinnacledigest.com/energy-stocks/is-uranium-the-ultimate-esg-investment/

27.) https://sprottetfs.com/media/5199/sprott-uranium-miners-etf-presentation.pdf

28.) https://sprottetfs.com/about-us

29.) https://denisonmines.com/projects/core-projects/wheeler-river-project/

30.) https://etfdb.com/gold-silver-investing-channel/uranium-bull-market-is-just-getting-started/

31.)https://biz.crast.net/bank-of-america-says-uranium-prices-are-up-50-this-year-and-is-set-to-climb-further-on-sanctions-on-russias-exports-and-the-risk-of-stockpiling/

32.)https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/esg-investors-warm-to-nuclear-power-after-eu-green-label-award-69002267

33.) http://skyharbourltd.com/_resources/presentations/corporate-presentation.pdf?v=0.249

34) https://www.eenews.net/articles/could-russias-invasion-of-ukraine-revive-u-s-uranium-mining/

35.) https://www.globalxetfs.com/about/

36.) https://www.energy.gov/ne/articles/3-reasons-why-nuclear-clean-and-sustainable

37.) https://www.virginiauranium.com/uranium-101/uranium-market-u-s-uranium-sources/

38.) http://skyharbourltd.com/

39.) http://skyharbourltd.com/_resources/images/SKY-SaskProject-Locator-20220324.jpg

40.) https://skyharbourltd.com/_resources/images/SKY-RussellLake-20220325-Inset.jpg

41.) https://skyharbourltd.com/projects/uranium-projects/russell-lake/

42.) https://skyharbourltd.com/projects/uranium-projects/moore-lake/

43.) https://skyharbourltd.com/projects/uranium-projects/north-falcon-point/

44.) https://skyharbourltd.com/projects/uranium-projects/mann-lake/

45.) https://skyharbourltd.com/corporate/corporate-overview/

46.) https://skyharbourltd.com/staging/skyharbourltd.com/projects/uranium-projects/south-falcon-point/

47.) https://skyharbourltd.com/projects/uranium-projects/preston/

48.) https://skyharbourltd.com/projects/uranium-projects/east-preston/

49.) https://skyharbourltd.com/corporate/management-team/

[1] https://www.cnbc.com/video/2023/11/06/uranium-rally-in-early-innings-sprott-asset-management-ceo-suggests.html

[2] https://www.nytimes.com/2023/12/02/climate/cop28-nuclear-power.html

[i] https://www.nbcnews.com/tech/tech-news/nuclear-power-oklo-sam-altman-ai-energy-rcna139094

[ii] https://www.cnbc.com/video/2023/11/06/uranium-rally-in-early-innings-sprott-asset-management-ceo-suggests.html

[iii] https://www.nytimes.com/2023/12/02/climate/cop28-nuclear-power.html

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To reiterate, information presented in this advertorial contains “forward-looking statements”. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.

Forward-looking statements in this advertorial may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” “may,” or by statements indicating certain actions “may,” “could,” or “might” occur. More information on the Company may be found at www.sec.gov readers can review all public filings by the Company at the SEDAR and/or SEC’s EDGAR page. Jade Cabbage Media, LLC d/b/a STOXmedia.com is not a certified financial analyst or licensed in the securities industry in any manner. The information in this Advertorial is subjective opinion and may not be complete, accurate or current and was paid for, so this could create a conflict of interest.

Scientific & Technical Information

The scientific and technical information disclosed herein about Skyharbour Resources has been reviewed and approved by David Billard, P.Geo, a qualified person and a consulting geologist of Skyharbour Resources Ltd.

SEDAR

The information disclosed on this web page is only summary information about Skyharbour Resources Ltd. and the industry in which it operates in. Visit www.sedar.com to review additional disclosures and filings for Skyharbour Resources Ltd.

43-101 Technical Reports

Visit www.sedar.com to view technical reports and other disclosures of the Company including:

Technical Report on the Russell Lake Property, Northern Saskatchewan, Canada, National Instrument 43-101, with an effective date of June 6, 2022 and filed on SEDAR on July 19, 2022; and
Technical Report on the Moore Lake Property, Northern Saskatchewan, Canada, National Instrument 43-101, with an effective date of October 3, 2016 and filed on SEDAR on October 6, 2016.

Market & Industry Data

The information contained herein includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that its industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this presentation or ascertained the underlying economic assumptions relied upon by such sources.

Cautionary Statement Regarding “Forward-Looking” Information

This contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Company’s Projects, the Company’s plans for its Projects, expected results and outcomes, the technical, financial and business prospects of the Company, its projects and other matters. All statements herein other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes 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 differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological and engineering assumptions, decrease in the price of uranium, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.