A great brief on the current state of the Uranium industry, and the current potential for jr. mining stocks in the sector as uranium prices rise.
https://www.streetwisereports.com/article/2022/03/04/drills-turn-as-uranium-prices-spike.html
Skyharbour Resources (TSXV: SYH) has recently launched a winter drill program at its 100% owned Moore Lake project in the Athabasca Basin in SK.
Skyharbour plans to drill at least 2,500 meters over as many as nine holes in the Maverick East Zone at Moore and at the Grid 19 target area. It will also investigate new zones in and around its Viper target, about 1.5 km northeast of the main Maverick zone. Viper drilling will follow up on a historical intersection of 0.27% U308 over 4.5 meters.
With Russia’s invasion of Ukraine showing few signs of slowing down, and Russia, Uzbekistan, and Kazakhstan among the world’s top eight uranium-producing countries, uranium prices are set to climb even higher.
$SYH.v is currently testing all-time price highs at $.81. The stock is currently trading at $.68 on a dip, but after recently breaking above a strong pennant pattern I expect to see a retest soon. Skyharbour is valued at an MCAP of $89.97 million.