Option Agreement with Tisdale Clean Energy $SKY.V just entered into an option agreement with Tisdale Clean Energy which provides Tisdale with an earn-in option to acquire an initial 51% interest with the potential for up to 75% interest in the South Falcon East Property.
- The Property consists of a series of mineral claims totalling 12,464 hectares and is a portion of the Company’s existing South Falcon Point Project.
- Assuming the earn-in is complete, $SYH.V will still retain a minority interest in the property and 100% interest in the remaining and adjacent 32,006-hectare South Falcon Point Project.
- What does the agreement entail? Tisdale will issue 1,111,111 shares upfront (current price at $0.48/share), will fund exploration expenditures totaling $10,500,000, and pay Skyharbour $11,100,000 in cash of which $6,500,000 can be settled for shares over the five-year earn-in period.
- This should help $SYH.V’s cash position and asset values as they are receiving a significant amount of compensation while they still are able to retain a portion of their original interest in the property.
https://ca.finance.yahoo.com/news/skyharbour-signs-option-agreement-tisdale-113000028.html
With this and the continued exploration at Moore Lake, there’s a lot to look out for moving into the winter season. And as the uranium markets stay hot due to the global energy crisis and clean energy transition, several micro and macro indicators make $SYH.V an interesting company to look into.