$1.39M From Warrants - $SYH Skyharbour Uranium announced that they’ve just received $1.39M from exercising warrants. A total of 5.4M shares have been exercised since early March and the cash will help the company move forward in their exploration plans.
- Fully funded for the recently expanded Moore Lake Uranium Project
- A total of $9M in cash/shares in partner companies
- Partners include Azincourt, Orano, and Valour Resources. They’ll be funding most of the programs at the Preston, East Preston and Hook Lake projects
https://ceo.ca/@nasdaq/skyharbour-resources-receives-139-million-from-exercise
Additionally, the $SYH chart is also looking very bullish. It’s currently holding just above the $0.43 support levels and has been a top performer over the past 6 months (+107%).
I expect the uptrend to continue in the future as the uranium sector continues to heat up, Biden’s recent clean energy plan requested a record $1.85B to “support existing and advanced nuclear tech.” So if that doesn’t say bullish I don’t know what does. Overall, with the recent news flow and the stock's performance I’m keeping this one in my portfolio.
https://www.miningreview.com/uranium/bidens-clean-energy-plan-fuelling-great-expectations-for-uranium-price/