As highlighted in the article below, the surge in demand for uranium, largely driven by countries like China, India, and Russia expanding their nuclear programs to reduce carbon emissions, has caused uranium prices to reach levels not seen since the Fukushima nuclear disaster in 2011.
The price of uranium has increased by nearly 40% this year, reaching around $66.25 per pound and many expect it could rise to $80 by the year's end.
https://ca.news.yahoo.com/uranium-gold-world-goes-nuclear-234717838.html
Skyharbour Resources (SYH.v SYHBF) is a Canadian company with a substantial portfolio of uranium exploration projects in Canada's prolific Athabasca Basin. They have 24 projects, including ten drill-ready ones, spanning over 518,000 hectares of mineral claims.
SYH follows a prospect generator strategy, partnering with other companies to advance secondary projects. They have joint ventures and earn-in option agreements with several companies, potentially bringing in significant exploration funding, shares, and cash payments.
The company's core project is the Moore Uranium Project, covering 35,705 hectares in proximity to Denison's Wheeler River project and Cameco's McArthur River mine in Canada.
SYH has conducted multiple drill programs at the project, revealing high-grade uranium mineralization over a 4km stretch at the project's Maverick zone. Notable results include 20.8% U3O8 over 1.5m at 264m depth (hole ML-199), 9.12% U3O8 over 1.4m at 278m depth (hole ML-202), and 5.29% U3O8 over 2.5m at 279m depth (hole ML-200).
SYH plans to conduct further drilling to expand the known high-grade zone and explore basement-hosted and regional targets.
More here: https://skyharbourltd.com/staging/skyharbourltd.com/projects/uranium-projects/moore-lake/