SYH webinar summary I just went to Skyharbour Resources' (SYH.V SYHBF) investors webinar. Here are the main takeaways:
SYH grew its Uranium portfolio about 8 years ago when the uranium market slumped. With this SYH was able to acquire their properties for cheap
Recently there have been lots of positive development in the nuclear industry as sentiment for nuclear is getting better as countries try to decarbonize. Value of SYH's properties has already grown.
SYH and many others think that the recent growth we have seen in the uranium sector is just the begining and they are expecting a sustained uranium bull market
SYH has used option agreements to leverage properties for cash. Currently, they have 7 project partners, 5 of which are still in on an earn-in basis.
With this $SYH is well funded with >$7M in the treasury and about $1.6M expected to come in from option partners soon
So, SYH is fully funded to conduct 10,000m of drilling. It will mostly be doing this drilling at the Russell Lake project and some at the Moore Lake project.
About 25-30% of the budget and meterage will be put into Moore Lake while most of the rest will go to Russell Lake.
Including the work that the option partners will do, 25,000-30,000m will be drilled at SYH's properties
North American Lithium specifically is expected to be in demand:
- Canada and the US plan to build Small Modular Reactors
- General need to meet demand
- Need for more Western suppliers (due to geopolitical tension w/ Russia and her allies)
Major catalysts the SYH expects in the new year inclue:
- The >30,000 m of drilling that will be conducted across projects
- Deals with potential partner companies that are currently in the works
- Resource estimate for Moore Lake (expected to be finished around the new year)
Today SYH is trading in the green @ $0.385, MC is $55.436M