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Denison Announces Closing of Transaction with Skyharbour and Formation of Four Prospective Exploration Joint Ventures Proximal to Wheeler River
Prnewswire· 2025-12-17 11:30
Core Viewpoint - Denison Mines Corp. has successfully closed a transaction with Skyharbour Resources Ltd., resulting in the formation of four joint ventures focused on uranium exploration adjacent to Denison's Wheeler River Project [1][2]. Group 1: Transaction Details - The transaction involves the establishment of four joint ventures, including claims from Skyharbour's Russell Lake Uranium Project, located next to Denison's Wheeler River Project [1][2]. - Denison will operate the Wheeler North and Wheeler River Inliers joint ventures, holding ownership interests of 49% and 70% respectively, while Skyharbour will operate the Russell Lake and Getty East joint ventures with Denison holding 20% and 30% interests respectively [2]. Group 2: Ownership and Options - Denison and Skyharbour have entered into Earn-In Option Agreements, allowing Denison to increase its ownership in the Wheeler North and Getty East joint ventures up to 70% [3]. - Denison holds a 95% effective interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin [4]. Group 3: Project Developments - In mid-2023, Denison completed a feasibility study for the Phoenix deposit as an ISR mining operation and updated the Pre-Feasibility Study for the Gryphon deposit as a conventional underground mining operation, both showing potential to be competitive with the lowest cost uranium mining operations globally [5]. - Permitting for the Phoenix ISR operation began in 2019 and is nearing completion, with the project's Environmental Assessment approved in July 2025 and the Canadian Nuclear Safety Commission Public Hearing concluding in December 2025 [5]. Group 4: Additional Interests - Denison has a 22.5% ownership interest in the McClean Lake Joint Venture, which includes unmined uranium deposits and a uranium mill processing ore from the Cigar Lake mine [6]. - The company also holds interests in various uranium project joint ventures through its 50% ownership of JCU (Canada) Exploration Company, including the Millennium, Kiggavik, and Christie Lake projects [7]. Group 5: Skyharbour Overview - Skyharbour holds a portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares, and has acquired a 100% interest in the Moore Uranium Project, located near Denison's Wheeler River project [9]. - The Russell Lake Uranium Project, adjacent to the Moore Project, hosts widespread uranium mineralization with exploration potential [9].
Skyharbour Closes Acquisition to Consolidate 100% Interest in the Russell Lake Uranium Project
Globenewswire· 2025-12-17 04:00
Core Viewpoint - Skyharbour Resources Ltd. has successfully acquired Rio Tinto Exploration Canada Inc.'s minority interest in the Russell Lake Uranium Project, increasing its ownership to 100% and enhancing its strategic position in the uranium market [1][3][4]. Transaction Details - The acquisition involved purchasing RTEC's approximately 42.3% interest in the Russell Lake Project for a total cash consideration of C$10 million, which included a C$2 million deposit and an C$8 million payment at closing [3]. - Skyharbour has granted RTEC a 0.25% net smelter returns royalty over the Russell Lake Project [4]. Project Overview - The Russell Lake Project spans 73,314 hectares and is located in a strategic area between Cameco's Key Lake and McArthur River Projects, enhancing accessibility due to nearby infrastructure [5]. - The project is characterized as a large, advanced-stage uranium exploration property with significant exploration upside potential [7]. Company Positioning - Skyharbour holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares, and is well-positioned to capitalize on improving uranium market fundamentals [7]. - The company has joint ventures with industry leaders and has signed earn-in option agreements that could lead to over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments [8][9].
Rottenstone Gold Inc. Announces Proposed Acquisition of Royalties and Repositioning as Silver Royalties
Newsfile· 2025-12-10 20:00
Rottenstone Gold Inc. Announces Proposed Acquisition of Royalties and Repositioning as Silver RoyaltiesDecember 10, 2025 3:00 PM EST | Source: Rottenstone Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Rottenstone Gold Inc. - (CSE: SK) - ("Rottenstone Gold" or the "Corporation" or the "Issuer") is pleased to announce that it has entered into a binding agreement dated December 9, 2025 with non-arm's-length parties (the "Vendors") to acquire various royalty interes ...
Skyharbour and JV Partner Orano Announce Extensive Exploration and Drilling Plans for 2026 at Preston Uranium Project
Globenewswire· 2025-12-09 12:00
Vancouver, BC, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”) is pleased to announce that its joint-venture partner, Orano Canada Inc. (“Orano”), is planning a substantial 2026 exploration and drilling program at the 49,635 hectare Preston Uranium Project (“Preston” or the “Property”) located in the western Athabasca Basin, Saskatchewan, Canada. The upcoming program will include an Airborne Gravity Gradiometry (AGG) s ...
Skyharbour Closes $2.1 Million Private Placement of Flow-Through Shares
Globenewswire· 2025-12-05 22:00
Core Points - Skyharbour Resources Ltd. has successfully closed a non-brokered private placement financing, raising total gross proceeds of CAD $2,103,898.94, primarily from strategic institutional investors [1] - The funds will be allocated towards the company's 2026 exploration campaign, focusing on the Russell and Moore Lake Uranium Projects [1] - A total of 5,069,636 flow-through shares were issued at a price of CAD $0.415 per share, qualifying for a federal 30% Critical Mineral Exploration Tax Credit [2] - The company paid cash finder's fees of CAD $120,008.94 related to the private placement, which is pending final approval from the TSX Venture Exchange [3] - An insider director subscribed for 250,000 shares for gross proceeds of CAD $103,750, which is considered a related party transaction [4] Company Overview - Skyharbour holds a significant portfolio of uranium exploration projects in Canada's Athabasca Basin, covering over 616,000 hectares [6] - The company has acquired a 100% interest in the Moore Uranium Project, which is an advanced-stage property with high-grade uranium mineralization [6] - The Russell Lake Uranium Project, adjacent to Moore, also shows widespread uranium mineralization and exploration potential [6] - Skyharbour has joint ventures with industry leaders such as Denison Mines and Orano Canada Inc. at various projects [7] - The company has signed earn-in option agreements with partners that could lead to over CAD $76 million in partner-funded exploration expenditures [8] Strategic Goals - Skyharbour aims to maximize shareholder value through new mineral discoveries and long-term partnerships in favorable jurisdictions [9]
Purepoint and IsoEnergy Joint Venture Approves 2026 Program to Advance the Nova Discovery at the Dorado Project
Newsfile· 2025-12-04 11:30
Core Insights - The Purepoint and IsoEnergy Joint Venture has approved an expanded exploration program for 2026 to advance the Nova Discovery at the Dorado Project following strong drilling results in 2025 [1][2] Program Summary - The winter 2026 drill program will consist of 10 skidder-supported drill holes totaling approximately 4,300 metres, focusing on the corridor between drill holes PG25-03 and PG25-07A, with step-outs to the northeast where the strongest mineralization was found [3][7] - A summer 2026 helicopter-supported drill program will include 7 holes totaling approximately 3,150 metres to test conductive and structural targets across various grids [5][7] - An airborne magnetotellurics (MT) survey is planned for late winter or spring to refine deeper structural targets [4][7] Project Details - The Dorado Project is a flagship project of the IsoEnergy-Purepoint 50/50 joint venture, covering over 98,000 hectares of prime uranium exploration ground, including former properties favorable for uranium deposition [15][20] - Recent drilling has confirmed the continuity of fertile graphitic rock packages, indicating potential for additional high-grade discoveries across the region [16]
Skyharbour Consolidates 100% Interest in the Russell Lake Uranium Project
Globenewswire· 2025-11-17 04:00
Core Viewpoint - Skyharbour Resources Ltd. has entered into a definitive purchase agreement with Rio Tinto Exploration Canada Inc. to acquire RTEC's minority interest in the Russell Lake Uranium Project, consolidating its ownership to 100% [1][2][3] Transaction Details - Skyharbour will pay a total of C$10 million for the acquisition, consisting of a C$2 million deposit and an C$8 million closing payment expected by December 21, 2025 [2] - RTEC's interest in the Project prior to closing is approximately 42.3% [2] Project Overview - The Russell Lake Project spans 73,314 hectares and is strategically located in the Eastern Athabasca Basin, enhancing accessibility due to nearby infrastructure [4] - The acquisition will create a contiguous block of uranium claims totaling 109,019 hectares between Russell Lake and the Moore Uranium Project [4] - Notable exploration targets on the property include the Grayling Zone, M-Zone Extension, Little Man Lake, Christie Lake, Fox Lake Trail, and the newly identified Fork Zone [4] Company Background - Skyharbour holds a portfolio of uranium exploration projects covering over 616,000 hectares in the Athabasca Basin and is positioned to benefit from improving uranium market conditions [6] - The company has joint ventures with industry leaders and has signed earn-in option agreements totaling over $36 million in partner-funded exploration expenditures [7][8]
Purepoint Completes First Pass Drilling at Tabbernor Project
Newsfile· 2025-11-12 11:30
Core Insights - Purepoint Uranium Group Inc. has completed its inaugural drill program at the Tabbernor Project, which is located in Saskatchewan's Athabasca Basin, consisting of five diamond drill holes targeting a 60-kilometre-long corridor of graphitic conductors [1][2][4] Group 1: Drill Program Results - The drill program provided significant geological insights, with every hole intersecting graphite and revealing structural and alteration features typically associated with uranium mineralization [2][3] - A total of 1,741 metres of diamond drilling was completed across five holes, with all holes intersecting graphite, validating recent airborne electromagnetic signatures [7] - Four out of five holes encountered zones of structural disruption, including shearing, brecciation, and silicification [7] Group 2: Project Overview - The Tabbernor Project spans over 50,000 hectares and is strategically positioned along the northern extension of the Tabbernor Fault System, which aligns with numerous uranium occurrences in the region [4][10] - The project is located approximately 40 kilometres south of Cameco's Eagle Point deposit and consists of 23 contiguous mineral claims [11] - Purepoint's focus is on the 60-kilometre graphitic corridor, particularly areas with gravity low responses and structural complexity [12] Group 3: Future Plans - Purepoint plans to incorporate the results from the drill program into ongoing regional interpretation work to prioritize follow-up targets for more detailed evaluation [5] - The company aims to refine its understanding of the underlying geology and evaluate zones of structural complexity for future drilling [3][5] Group 4: Company Background - Purepoint Uranium Group Inc. is a focused explorer with a portfolio of advanced projects in the Athabasca Basin, actively collaborating with industry leaders such as Cameco Corporation and Orano Canada Inc. [17][18] - The company also holds a promising VMS project adjacent to Foran Corporation's McIlvenna Bay project, enhancing its exploration potential [18]
Skyharbour Announces Participation in Red Cloud's 2025 Fall Mining Showcase in Toronto
Globenewswire· 2025-10-31 21:00
Core Points - Skyharbour Resources Ltd. will present at Red Cloud's Fall Mining Showcase 2025 on November 5, 2025, at 1:40 pm EST [1][2] - The company has engaged Plutus Invest and Consulting for marketing services to enhance investor awareness in Europe, with a total initial cost of CAD $120,000 [2] - Skyharbour holds a significant portfolio of uranium exploration projects in Canada's Athabasca Basin, covering over 616,000 hectares [3] - The company has acquired a 100% interest in the Moore Uranium Project, which is an advanced-stage exploration property with high-grade uranium mineralization [3] - Skyharbour has joint ventures with industry leaders and has signed earn-in option agreements totaling over $36 million in partner-funded exploration expenditures [4][5] Company Overview - Skyharbour Resources Ltd. is focused on maximizing shareholder value through new mineral discoveries and long-term partnerships [6] - The company operates in geopolitically favorable jurisdictions, enhancing its strategic positioning in the uranium market [6]
Skyharbour Partner Company Terra Clean Energy Announces Fraser Lakes B Deposit Recognized by Government of Canada as Active Rare Earth Deposit
Globenewswire· 2025-10-15 20:30
Core Insights - Skyharbour Resources Ltd. reports significant rare earth element potential at the Fraser Lakes B Deposit, confirmed by drilling and assays, with a focus on uranium and thorium mineralization alongside rare earth oxides [1] - The company has partnered with Terra Clean Energy Corp., which will fund CAD $10,500,000 in exploration expenditures and pay Skyharbour CAD $11,100,000 in cash, with part of the payment potentially settled in shares [1] Rare Earth Elements Applications - Light rare earth elements, including Lanthanum, Cerium, Ytterbium, and Yttrium, are crucial in various industries such as automotive, batteries, and electronics [2][3][4][5] - Lanthanum is used in medical applications and industrial processes, while Cerium serves as a polishing agent and catalyst [2][3] - Ytterbium is utilized in improving stainless steel and in advanced technologies like quantum computing [4] - Yttrium is essential for LEDs, lasers, and medical applications, highlighting its strategic importance [5] Project Overview - The South Falcon East Project, part of the Fraser Lakes B Deposit, covers approximately 12,464 hectares and is located in the southeast Athabasca Basin [9][10] - The Fraser Lakes B Deposit has a historical inferred resource of 6.9 million pounds of U₃O₈ at an average grade of 0.03% and 5.3 million pounds of ThO₂ at 0.023% [11] Strategic Importance - The CEO of Terra emphasizes the strategic value of the REE deposit, especially in the current market environment that values rare earth elements [7] - The ongoing drilling and study of the Fraser Lakes B deposit aim to enhance both uranium and REE resources, indicating a commitment to advancing the project [8] Company Background - Skyharbour holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares [14] - The company has established partnerships and joint ventures with various industry leaders, enhancing its exploration capabilities [15] - Skyharbour has secured over CAD $36 million in partner-funded exploration expenditures, indicating strong financial backing for its projects [16]