TSXV:SYH - Post Discussion
Post by
StockHawk1 on May 30, 2023 6:25pm
SYH signs option agreement for its South Falcon Property
Skyharbour Resources (SYH.v SYHBF) announced today that it has entered an option agreement with North Shore Energy Metals for North Shore to acquire an 80% interest in the South Falcon Uranium Property.
North Shore can earn the interest in the project by fulfilling cash, share, and exploration expenditure commitments.
North Shore plans to prioritize areas along the conductor system for drilling using new geophysical data.
Upon earning an initial 80% interest in the Property, North Shore has the option to obtain the remaining 20% interest within 90 business days. This can be achieved by (i) issuing Shares worth CAD $5,000,000 and (ii) making a cash payment of CAD $5,000,000 to SYH.
More info here: https://skyharbourltd.com/news-media/news/news-display/skyharbour-signs-option-agreement-with-north-shore-energy-metals-for-south-falcon-uranium-property-in-the-athabasca-basin-canada
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