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]

Vancouver, BC, Nov. 16, 2025 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”) is pleased to announce that is has entered into a definitive and binding purchase agreement (the “Purchase Agreement”) with Rio Tinto Exploration Canada Inc. (“RTEC”) to increase and consolidate its ownership interest in the Russell Lake Uranium Project (“Russell Lake” or the “Project”) through the acquisition of RTEC’s minority interest in the Project (the ...

Core Insights - Skyharbour Resources Ltd. announced that its partner Mustang Energy Corp. received positive results from a high-resolution HTDEM survey at the 914W Uranium Project, indicating a well-developed conductive zone favorable for uranium mineralization [1][4][5] Project Overview - The 914W Project covers 1,260 hectares and is located approximately 48 km southwest of Cameco's Key Lake Operation, with road access provided by Highway 914 [12] - The project is situated in a region known for its mineral potential, particularly for unconformity-type uranium mineralization [1][12] Survey Results - The HTDEM survey covered 136 line-km and successfully mapped electromagnetic, magnetic, and radiometric variations related to uranium-bearing structures [4] - Early-time channels showed strong EM responses indicating shallow conductive zones, which may represent graphitic horizons or fault-controlled alteration zones, key features for uranium exploration [5][6] - Inversion modeling indicated consistent conductive features from depths of 50 m to 350 m, with a strong conductive zone trending east-northeast across the property [6] Soil Sampling Program - A soil sampling program conducted in May 2025 collected 142 soil samples and 25 rock samples, focusing on areas with no outcrop exposure [7] - Although no significant discoveries were made, five soil samples from the southern portion of the grid exceeded 4 ppm U, indicating slightly elevated uranium values [8][9] Historical Context - The 914W Project has seen limited modern exploration despite its proximity to Highway 914 and prospective geology, with historical work dating back to 1968-1970 [13] - Previous prospecting in the area led to the discovery of significant uranium values, including up to 1,288 ppm U in drill holes [13] Company Background - Skyharbour Resources Ltd. holds a portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares [16] - The company is advancing its projects through exploration and drilling programs, aiming to maximize shareholder value through new mineral discoveries [20]

Core Insights - Mustang Energy Corp. announced the results of a high-resolution HTDEM survey at the 914W Uranium Project, covering 136 line-kms, which identified a well-developed conductive zone favorable for uranium mineralization [1][2][3] Survey Details - The Xcite™ helicopter-borne Time Domain Electromagnetic (TDEM) survey was conducted by Axiom Exploration Group Ltd., collecting electromagnetic, magnetic, and radiometric data to map variations related to uranium-bearing structures [2] - Early-time channels indicated strong EM responses along the east-central portion of the 914W block, suggesting shallow conductive zones near the surface [3] - Inversion modeling from 50 m to 350 m depth showed consistent conductive features, with a strong conductive zone trending east-northeast across the property [4] Soil Sampling Results - A soil sampling program in May 2025 collected 25 rock samples and 142 soil samples, focusing on areas with no outcrop exposure [6] - Although no significant discoveries were made, five soil samples from the southern portion exceeded 4 ppm U, indicating slightly elevated uranium values [8] - Anomalous uranium values were identified in the northeastern portion, including a granitic gneiss sample that returned 42.3 ppm U [9] Project Overview - The 914W Uranium Project consists of two claims covering 2,440 hectares, located approximately 48 km southwest of Cameco's Key Lake Operation, with favorable logistics via Highway 914 [11] - The project is situated over favorable geology, with local graphite-bearing assemblages, and remains largely underexplored despite historical surveys [13] - Mustang Energy holds an option agreement to acquire a 75% interest in the Project from Skyharbour Resources Ltd. [14]

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]

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]

Core Insights - Skyharbour Resources Ltd. announced that its partner North Shore Uranium has completed a prospecting program at the Falcon Property in Saskatchewan, which may lead to significant uranium discoveries [1][5][20] Summary by Sections Partnership and Financials - North Shore can acquire an initial 80% interest in the Falcon Property by issuing shares valued at CAD $1,225,000, making cash payments of CAD $525,000, and incurring exploration expenditures of CAD $3,550,000 over three years [1][25] - After earning the initial 80% interest, North Shore can acquire the remaining 20% for an additional CAD $5,000,000 in shares and CAD $5,000,000 in cash [25][26] Prospecting Program - The prospecting program was conducted by Axiom Exploration Group, focusing on eighteen priority targets identified by North Shore's technical team [3] - Significant radioactivity was confirmed at targets FA020 (up to 20,000 cps) and FA025 (up to 27,000 cps), with several boulders showing elevated radioactivity [4][5] Target Areas and Findings - Three priority zones (Zones 1, 2, and 3) have been established at Falcon, with a total of 36 uranium targets identified based on electromagnetic conductor anomalies [6][21] - In Zone 1, drill holes P03 and P08 previously discovered uranium mineralization, with notable U3O8 values of 345 and 378 ppm [7] - Zone 2 includes target FA020, where grab samples returned up to 0.492% U3O8 and 1,300 ppm lead [12][21] - Zone 3's target FA025 has a complex EM response and historical samples indicating significant uranium presence [17][19] Future Plans - North Shore plans to integrate data from the prospecting program with EM conductor interpretations to prioritize targets for future drilling [20][23] - The Falcon Project consists of eleven mineral claims covering approximately 42,908 hectares, located about 50 km east of the Key Lake mine [21][28] Company Background - Skyharbour holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares [29] - The company has established partnerships and joint ventures with various industry players, enhancing its exploration capabilities [30][31]

Core Insights - Mustang Energy Corp. has staked an additional claim on its 914W Uranium Project in collaboration with Skyharbour Resources Ltd. [1] - The new claim, designated MC00022913, covers an area of 1182.25 hectares and is located immediately east of the original 914W claim [2] - Historical exploration on the new claim includes airborne EM, magnetic, and radiometric surveys conducted in 1969 and 1976, with minimal modern exploration having been performed [2] Company Overview - Mustang Energy is a Canadian mineral exploration company focused on discovering and developing uranium and critical mineral assets [3] - The company holds a portfolio of 147,153 hectares of strategically located properties in Saskatchewan's Athabasca Basin, a leading uranium district globally [3] - Mustang Energy is advancing early-stage exploration using modern techniques and a disciplined, data-driven approach, aiming to build long-term value through responsible exploration [3]

Core Insights - Skyharbour Resources Ltd. has acquired 21 new uranium exploration claims in northern Saskatchewan, increasing its total land position to 616,939 hectares across 37 projects [1][46] - The newly acquired claims will be integrated into the company's prospect generator business model, with plans to seek strategic partners for joint ventures [2][23] Summary of New Claims - **Haultain Project**: Comprises five claims totaling 6,607 hectares, located 46 km southwest of Cameco's Key Lake Operation, prospective for basement-hosted uranium mineralization [4] - **Bonville Project**: A single claim of 1,497 hectares located 60 km south of Cameco's Key Lake Operation, also prospective for uranium and copper mineralization [6][7] - **Bolt Extension Project**: Four claims totaling 1,127 hectares adjacent to the existing Bolt Project, with potential for uranium mineralization [9] - **South Preston Project**: One claim of 956 hectares located 30 km south of the Athabasca Basin, with limited exploration conducted [10] - **Tarku Project**: One claim of 3,233 hectares adjacent to the South Dufferin Project, known for high-grade uranium mineralization [11][12] - **Elevator Project**: Two re-staked claims totaling 8,012 hectares, located near Highway 914 [13][14] - **914 Project**: Three re-staked claims totaling 1,133 hectares, also near Highway 914 [13][14] - **Bennett Project**: Four claims totaling 11,815 hectares, with historical exploration indicating potential for uranium mineralization [17][18] - **Spence Project**: Five claims totaling 14,334 hectares, located 75 to 85 km south of Cameco's Rabbit Lake Operation, prospective for uranium [19][20] - **Yurchison Project**: Drill-ready project comprising two claims totaling 9,073 hectares, with historical exploration indicating uranium potential [21][22] Other Projects and Strategic Partnerships - The company continues to advance its prospect generator model, seeking partnerships to develop early-stage uranium projects [23] - Skyharbour has entered a marketing agreement with Outside the Box Capital to enhance awareness of its projects [44] - The company has joint ventures with Orano Canada Inc., Azincourt Energy, and others, with over $36 million in partner-funded exploration expenditures anticipated [47][48]

Core Viewpoint - Skyharbour Resources Ltd. and its partner Terra Clean Energy Corp. have reported encouraging results from the Winter 2025 drill program at the South Falcon East Uranium Project, indicating potential for higher-grade uranium discoveries in the area [1][6][7]. Group 1: Drill Program Results - The Winter 2025 drill program included seven diamond drill holes totaling 1,927 meters at the Fraser Lakes B Uranium Deposit, with 682 samples submitted for geochemical analysis [2][3]. - Significant mineralization was found in several drill holes, with hole SF0065 returning 18.1 meters at 0.03% U3O8, including a subinterval of 0.12% U3O8 over 1.6 meters [3]. - The northernmost hole, SF0067, returned 3.87 meters at 0.05% U3O8, with the best sample showing 0.17% U3O8 over 0.5 meters, indicating strong mineralization potential [3][4]. Group 2: Comparison with Previous Results - Lab results from the Winter 2025 program typically showed wider intervals of mineralization with higher grades compared to previous downhole gamma logging results, with variations averaging between +5% to +30% higher [4][5]. Group 3: Upcoming Drill Program - Terra plans a follow-up drill program in Summer 2025, consisting of approximately 2,500 meters of drilling to further explore areas identified in the Winter program [8][10]. - The upcoming program will target a high-priority area where multiple geological indicators for higher-grade uranium mineralization intersect [9][11]. Group 4: Project Overview - The South Falcon East Project covers approximately 12,464 hectares and is located 18 kilometers outside the Athabasca Basin, hosting the Fraser Lakes B Uranium-Thorium Deposit with a historical inferred resource of 6.9 million pounds U₃O₈ at an average grade of 0.03% U₃O₈ [12][13].