Skyharbour Announces Major 2026 Exploration Campaign with Denison Mines at Russell Lake Uranium Joint Ventures

Core Viewpoint - Skyharbour Resources Ltd. is initiating a significant exploration campaign in 2026, focusing on the newly formed Russell Lake joint ventures with Denison Mines Corp, planning over 15,000 metres of diamond drilling across multiple properties [1][4][35]. Exploration Plans - The 2026 exploration campaign will include over 15,000 metres of diamond drilling across the Wheeler North, RL, and Getty East joint ventures, which were established after a strategic transaction with Denison in December 2025 [1][4][36]. - The company aims to accelerate exploration efforts using systematic methodologies, leveraging Denison's experience in the region [4]. Property Details - The Russell Lake Joint Ventures cover a total of 73,314 hectares in the eastern Athabasca Basin, strategically located near existing and developing uranium mines [35][36]. - The properties benefit from significant regional infrastructure, including access to highways and power grids, enhancing exploration efficiency [2][37]. Specific Target Areas - At the Wheeler North property, 2,500 metres of winter drilling is planned at the Fox Lake Trail target, with an additional 5,000 metres planned for later in the year [6][8]. - The RL property will undergo approximately 4,000 to 5,000 metres of diamond drilling targeting high-priority areas, including Christie Lake and Blue Steel [12][13]. - The Getty East property will see around 3,600 metres of diamond drilling, focusing on the Little Mann Lake uranium zone and the Middle Lake trend [14][15]. Recent Exploration Activities - Skyharbour recently completed 19 drill holes totaling 9,844 metres, focusing on high-priority targets such as the Fork Zone and Sphinx target area [16][18]. - The Fork Zone has shown promising results, including a high-grade intersection of 3.0% U3O8 over 0.5 metres [9][18]. Joint Venture Structure - Following the strategic transaction with Denison, the Russell Lake project was restructured into four joint ventures, with Skyharbour retaining an 80% interest in the RL property [36]. - Denison serves as the operator for Wheeler North and the Wheeler River Inliers, while Skyharbour operates the RL Claims and Getty East [36]. Future Outlook - The company anticipates a consistent news flow throughout 2026, with over 30,000 metres of diamond drilling planned across its project portfolio [4]. - The collaboration with Denison is expected to expedite the discovery process and enhance the potential for significant uranium discoveries in the region [4].