Bullish on Uranium in 2025: SYH In-Depth Video CEO Summary Skyharbour Resources (ticker: SYH.v or SYHBF for US investors) CEO Jordan Trimble recently went on Resource Stock Digest to discuss the outlook for uranium in 2025 and its implications for Skyharbour.
The company focuses on advancing its flagship uranium projects while leveraging over $36 million in partner-funded joint ventures within its extensive Athabasca Basin portfolio.
In the interview, Trimble highlighted several factors driving his optimism, including tightening supply-demand fundamentals and significant growth in contracting volumes anticipated this year.
Key highlights from the interview include:
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Market Insights: Trimble expects 2025 to be pivotal for uranium, following a 10-month market consolidation. Despite a pullback in uranium prices in 2024, long-term price trends remained positive. Factors like the depletion of secondary supplies and supply deficits of 30–45 million pounds are likely to create upward pressure on uranium prices.
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Strategic Drivers: Replacement-rate contracting is predicted to surge, potentially exceeding the 180–185 million pounds needed annually, which could drive price increases. Trimble also noted the entry of major tech companies into nuclear technology agreements as a positive development for future uranium demand.
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Drill Programs: Skyharbour will embark on its largest drill campaign in 2025, with 16,000–18,000m planned across its flagship Russell Lake and Moore projects in the Athabasca Basin. Initial winter drilling of 5,000m will commence in the coming weeks, targeting high-grade zones such as the Fork Zone at Russell Lake, where results of up to 3% U3O8 over 0.5m were discovered.
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Cost Efficiency: The company benefits from low-cost drilling at C$350/m due to infrastructure advantages like road access and inherited camps, allowing for cost-effective exploration.
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Partner Contributions: Partner companies are expected to contribute an additional 15,000–16,000m of drilling across other Athabasca Basin projects, bringing the total potential drilling for Skyharbour to 30,000–35,000m, one of the largest campaigns in the region.
Trimble emphasized that Skyharbour’s prospect generator model, combined with its focus on flagship assets, positions the company well to capitalize on rising uranium prices. With funding secured through a recently closed $10M financing, Skyharbour is fully equipped for its 2025 exploration efforts.
As uranium market conditions improve, Trimble expressed confidence that the company’s ambitious drilling programs and strategic assets will generate substantial news flow and discovery potential throughout the year.
Full interview here:
Posted on behalf of Skyharbour Resources Ltd.