Skyharbour’s Partner Company UraEx Resources Commences Summer 2025 Drilling Program at South Dufferin Uranium Project, Athabasca Basin, Saskatchewan

Core Viewpoint - Skyharbour Resources Ltd. has announced that its partner UraEx Resources Inc. has initiated a 2,600-metre diamond drilling program at the South Dufferin Uranium Project, aiming to explore high-potential uranium targets in the Athabasca Basin [1][2][4]. Company Overview - Skyharbour Resources Ltd. holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 614,000 hectares [11]. - The company has established partnerships with various firms, including UraEx Resources, to advance its exploration projects [12]. - Skyharbour's strategic goal is to maximize shareholder value through new mineral discoveries and long-term partnerships [13]. Project Details - The South Dufferin project spans 13,204 hectares and is located south of the Athabasca Basin, near Cameco's high-grade uranium deposits [5]. - UraEx can earn an initial 51% interest in the South Dufferin property through CAD $4.6 million in project consideration, with the potential to increase to 100% through a total of CAD $9.8 million over five years [1]. - The current drilling program is fully funded with a budget of approximately CAD $1.5 million and is the first drilling activity at the site in over six years [2][3]. Exploration Potential - The drilling will focus on areas with historical geochemical anomalies and structural complexities, which are believed to indicate pathways for uranium-bearing fluids [3]. - Historical drill results from nearby projects have shown significant uranium mineralization, with results of 1.73% U3O8 over 6.5 metres and up to 8.78% U3O8 over 33.9 metres [5]. - The project is considered drill-ready, with several prospective targets identified for follow-up exploration [7]. Industry Context - The Athabasca Basin is recognized as the world's leading uranium district, contributing approximately 20% of global uranium production [4]. - The region has attracted substantial investment due to its rich mineralization and potential for new discoveries [4].