The Company now owns a 15% interest in the Project. 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. The Company now owns a 24.5% interest in the Project. at the Preston Project whereby Orano has earned a 51% interest in the project through exploration expenditures and cash payments. Skyharbour has a joint-venture with industry-leader Orano Canada Inc. The Company is actively advancing these projects through exploration and drill programs. Skyharbour also 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 totalling 7.0 million pounds of U 3O 8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%.
Skyharbour has the 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. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone including highlight drill results of 6.0% U 3O 8 over 5.9 metres including 20.8% U 3O 8 over 1.5 metres at a vertical depth of 265 metres.Īdjacent 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.
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 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. With over 80% of the company's landholding unexplored, management's goal is to grow shareholder value through further advancement of the Triple R deposit and continued exploration at the highly prospective PLS project.Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well-positioned to benefit from improving uranium market fundamentals with fifteen projects, ten of which are drill-ready, covering over 450,000 hectares of mineral claims.
The company released results of a pre-feasibility study outlining an underground-only mine plan. With over 80% of their land holding unexplored, management's goal is to grow shareholder value through further advancement of the Triple R deposit and continued exploration at the large and highly prospective PLS project.įission Uranium Corp owns a 100% interest in the high-grade and near-surface Triple R uranium deposit, located on the south-western edge of Canada's Athabasca Basin.
The Company has the strategic backing of China's CGN Mining, which has invested over $82M in Fission., at a substantial premium, in early 2016. In 2019, the Company released results of a prefeasibility study outlining an underground-only mine plan, which will likely be the best option and focus going forward. Multiple award-winning explorer and developer, Fission Uranium, owns a 100% interest in the advanced, high-grade and near-surface Triple R uranium deposit, located on the south-western edge of Canada's Athabasca Basin.
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