SYH.v makes steps in progressing Wallee and Usam Island Skyharbour Resources (TSXV: SYH) has made a big step toward progressing exploration at the Wallee and Usam Island uranium projects in Saskatchewan.
The company has entered into an option agreement with Yellow Rocks Energy, providing Yellow Rocks an earn in option to acquire up to 80% interest in the properties.
Jordan Trimble, President and CEO of Skyharbour, stated: “We are very pleased to sign this Option Agreement with Yellow Rocks and have the company advance the Wallee and Usam Uranium Projects. This is another accretive property transaction as we continue to execute on our business model by adding value to our project base in the Athabasca Basin through strategic partnerships and prospect generation, as well as focused mineral exploration at our core projects.”
Despite the current bearish market sentiment, SYH has managed to rebound 20% this week. SYH.v is currently trading at $.45, valued at $64.58 million.
https://ceo.ca/@globenewswire/skyharbour-signs-option-agreement-with-yellow-rocks