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Skyharbour Resources ( (TSE:SYH) ) has issued an announcement.
Skyharbour Resources Ltd. has finalized option and purchase agreements with Hatchet Uranium Corp., allowing Hatchet to potentially acquire significant stakes in several of Skyharbour’s uranium projects in the Athabasca Basin. This agreement involves Hatchet earning an 80% interest in the Highway Uranium Property and a full interest in the Genie, Usam, and CBX/Shoe Uranium Projects, with conditions including cash payments, share issuance, and exploration expenditures totaling CAD $3,345,000. This strategic move is expected to enhance Skyharbour’s financial position and expand Hatchet’s exploration capabilities in a resource-rich region, potentially influencing stakeholders positively through increased project development.
More about Skyharbour Resources
Skyharbour Resources Ltd. is a company operating in the uranium industry, focusing on the exploration and development of uranium projects. The company primarily engages in acquiring and advancing uranium properties, with a significant presence in the Athabasca Basin of Northern Saskatchewan, Canada.
YTD Price Performance: -13.92%
Average Trading Volume: 338,249
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$69.52M
See more insights into SYH stock on TipRanks’ Stock Analysis page.
