Skyharbour’s Partner Company Mustang Energy Receives Exploration Permit for 914W Uranium Project Located in the Athabasca Basin, Saskatchewan

Core Viewpoint - Skyharbour Resources Ltd. has announced that its partner Mustang Energy Corp. has received exploration permits for the 914W Uranium Project in Saskatchewan, allowing for ground-based exploration activities [1][3]. Group 1: Project Details - The 914W Project consists of one claim covering 1,260 hectares located approximately 48 km southwest of Cameco's Key Lake Operation, with excellent access provided by Highway 914 [5]. - Mustang Energy can acquire a 75% interest in the Project by issuing common shares valued at CAD $480,000, making cash payments of $275,000 to Skyharbour, and incurring $800,000 in exploration expenditures over three years [1]. - The approved permits include various authorizations for mineral exploration activities, valid until April 30, 2028 [3]. Group 2: Exploration History - Historical exploration on the 914W property has been limited, with initial work conducted between 1968 and 1970, including airborne EM and magnetic surveys [6]. - Significant uranium mineralization has been encountered in nearby areas, with drill hole ML-1 reporting up to 1,288 ppm U and surface prospecting revealing up to 0.64% U3O8 [6]. - The project remains underexplored and is considered prospective for both unconformity-related and pegmatite-hosted uranium and rare earth elements (REEs) [6]. Group 3: Company Overview - Skyharbour holds a diverse portfolio of uranium exploration projects in Canada's Athabasca Basin, covering over 614,000 hectares [8]. - The company has established partnerships with various industry leaders and has signed earn-in option agreements totaling over $36 million in partner-funded exploration expenditures [10]. - Skyharbour aims to maximize shareholder value through new mineral discoveries and the advancement of exploration projects in favorable jurisdictions [11].