SYH to acquire Russel Lake Uranium Project! ICYMI, Skyharbour Resources ($SYH.v $SYHBF) recently entered into an option agreement with Rio Tinto to acquire up to 100% of the Russell Lake Uranium Project located in the Athabasca Basin!
Comprising of 26 claims covering 73,294 hectares of prospective exploration ground, Russel Lake is a premier, advanced-stage exploration property given its large size, proximity to critical regional infrastructure, and a significant amount of historic exploration.
Numerous prospective target areas, several high-grade uranium showings, and drill hole intercepts have already been identified.
$SYH CEO Jordan Trimble emphasized the significance of this acquisition for $SYH as it is a premier exploration property adjacent to their Moore Uranium Project and is excited for having Rio Tinto as a new strategic shareholder and project partner.
https://www.globenewswire.com/news-release/2022/05/19/2446685/36591/en/Skyharbour-Secures-Option-to-Acquire-an-Initial-51-and-Up-to-100-of-the-Russell-Lake-Uranium-Project-from-Rio-Tinto-in-the-Athabasca-Basin-of-Saskatchewan.html