SYH.v continues to diversify its uranium project portfolio. Skyharbour Resources (TSXV: SYH) is in the process of adding another uranium project to its portfolio. Through an option agreement with Tisdale, the company is now eligible to earn up to a 75% interest in the South Falcon East Property. Skyharbour will retain a minority interest in the property, assuming the earn-in is completed.
The South Falcon East Property is located in Saskatchewan’s Athabasca Basin, and consists of a series of mineral claims totaling 12,464 hectares. It is adjoined to the company’s South Falcon Project and contains the Fraser Lakes Zone B deposit, which hosts an inferred resource of 7 million pounds U3O8 @ 0.03% concentration.
Despite sagging in the past month, SYH.v shares have managed to retain a 35% gain from lows seen in June. The company is currently trading at $0.400, valued at $57.98 million.
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