$SYH - Skyharbour Resources Uranium and nuclear power have gotten a bad rep due to incidents such as Chernobyl and Fukushima. But nuclear power is one of the cleanest, most efficient, and cost-effective methods to produce electricity. Over the next decade, global energy demand is set to see another surge.
- 76% increase in electricity demand by 2030 (mainly due to EVs)
- 443 current reactors, 52 under construction (China also building the worlds first “small reactor”), and 400+ ordered/planned/proposed
- Analysts are pointing at a supply shortfall of uranium in the future
Skyharbour Resources is one of my top picks for the sector. This is mainly due to their flagship project, the Moore Uranium Project. With over $40M in historic drilling since 1969, the area has consistently returned impressive results even today.
- A drill hole returned 4.03% eU3O8 over 10 metres, including 20% eU3O8 over 1.4 metres, starting at a depth of 264.68 metres
- Another 2 holes returned 5.14% U3O8 over 6.2 metres and 4.01% U3O8 over 4.7 metres. Not only does $SYH own this project, but they also have holdings in a few others as well.
- 24.5% ownership in the Preston Project in the Patterson Lake area and 15% ownership in the East Preston Project
- Valor signed a definitive agreement to purchase 80% of the Hook Lake Project for around $4M
- 100% interest in the South Falcon (Uranium + thorium), 100% ownership in the Yurchison Project, 100% ownership in the Mann Lake Project
So they’re diversified, experienced, and they have partnerships/JVs with several other Canadian juniors. I can safely say this one has a lot of potential because of its high-grade properties and management team. Overall, it looks pretty undervalued here at $0.34, will be looking for upwards movement back to $0.50+.