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].

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 ...

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]

Core Viewpoint - Denison Mines Corp. has signed an Impact Benefit Agreement (IBA) and an Exploration Agreement with the Métis Nation–Saskatchewan and associated local groups, marking a significant step in the development of the Wheeler River Project and ensuring collaboration with Métis communities [1][4][6]. Group 1: Agreements and Commitments - The IBA confirms the consent and support of the Métis Parties for the Wheeler River Project, emphasizing a long-term cooperative relationship focused on environmental stewardship and respect for Métis interests [6][8]. - The IBA includes commitments for community investment, contracting opportunities, training, employment pathways, and financial participation for Métis citizens [7][8]. - The Exploration Agreement extends the cooperative relationship to Denison's other exploration projects within the Métis regions, ensuring that Métis interests are considered in future activities [9][10]. Group 2: Economic and Cultural Impact - The agreements are expected to provide significant economic opportunities for Métis families and enhance the relationship between the Métis government and Denison [4][6]. - Denison's engagement with Métis communities aims to create local employment opportunities and address social challenges such as homelessness and addiction [4][6]. - The partnership reflects a commitment to incorporating the voices and knowledge of Métis citizens in the project's development and operation [4][10]. Group 3: Project Background - Denison's Wheeler River Project is the largest undeveloped uranium project in the eastern Athabasca Basin, with a 95% ownership interest [11]. - Recent feasibility studies indicate that the project has the potential to be competitive among the lowest-cost uranium mining operations globally [12]. - The project has received necessary approvals, with the Environmental Assessment (EA) approved in July 2025 and ongoing hearings for federal approval [12].

Core Insights - The US stock market is undergoing a transition, with mid-cap stocks becoming increasingly attractive due to pro-growth policies from the Trump administration, which are expected to enhance domestic competitiveness [2][3] - Historically, mid-cap stocks have outperformed both large-cap and small-cap stocks, with the S&P Mid-Cap 400 Index showing an annualized return of approximately 9.27% from June 2000 to June 2025 [2] - Hedge funds are shifting their focus away from large-cap stocks, as evidenced by significant reductions in exposure to mega-cap stocks in Q3 2025 [3] Mid-Cap Stock Analysis - Denison Mines Corp. (NYSE:DNN) has a market cap of $2.14 billion and a stock upside potential of 34.45%. The company reported progress in uranium production, achieving 2,000 tons of high-grade ore and over 85,000 lbs U3O8 in Q3 [8][9] - GitLab Inc. (NASDAQ:GTLB) has a market cap of $7.38 billion and a stock upside potential of 34.66%. Analysts expect GitLab to report revenue and earnings above consensus, driven by strong subscription and SaaS growth [12][13]

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 Viewpoint - Cosa Resources Corp. has announced an increase in the size of its private placement offering, aiming to raise up to approximately C$7,500,000 through the sale of various types of units and shares [1][4]. Group 1: Offering Details - The offering includes up to 11,538,462 hard dollar units at C$0.26 per unit, up to 7,537,690 charity flow-through units at C$0.398 per unit, and up to 5,000,000 flow-through common shares at C$0.30 per share [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, while each charity flow-through unit consists of one flow-through share and one-half of a warrant [2]. - The total gross proceeds from the offering are expected to be used for exploration and working capital, with specific allocations for Canadian exploration expenses related to uranium projects in the Athabasca Basin [4]. Group 2: Regulatory and Financial Aspects - The offering will be conducted under exemptions from registration requirements in Canada and the United States, with a hold period of four months plus one day for the issued shares [5][8]. - A cash commission of 5.0% will be paid to agents on the gross proceeds, with a reduced commission of 3.0% for certain purchasers on a president's list [7]. Group 3: Company Background and Strategic Initiatives - Cosa Resources is a Canadian uranium exploration company with a portfolio of approximately 237,000 hectares in the Athabasca Basin, focusing on underexplored projects [10]. - The company has a strategic collaboration with Denison Mines, enhancing its access to additional uranium exploration projects [11]. - Cosa's management team has a proven track record in uranium exploration, having received awards for significant discoveries in the region [12].

Financial Performance - Revenues for the nine months ended September 30, 2025, were CAD 3,696 thousand, a 29.6% increase compared to CAD 2,853 thousand for the same period in 2024[2] - Net loss for the nine months ended September 30, 2025, was CAD 166,001 thousand, compared to a net loss of CAD 61,617 thousand for the same period in 2024, indicating a significant increase in losses of 169.5%[2] - The company reported a comprehensive loss of CAD 166,109 thousand for the nine months ended September 30, 2025, compared to CAD 61,668 thousand for the same period in 2024, representing an increase of 169.5%[2] - The segment loss for the three months ended September 30, 2025, was $21,641,000, with total revenues of $1,045,000[78] - For the nine months ended September 30, 2025, the total revenues were $3,696,000, with a segment loss of $61,645,000[77] Assets and Liabilities - Total assets increased to CAD 1,107,175 thousand as of September 30, 2025, up from CAD 663,613 thousand at December 31, 2024, representing a growth of 66.7%[1] - Total liabilities increased to CAD 704,273 thousand as of September 30, 2025, from CAD 99,291 thousand at December 31, 2024, a rise of 608.5%[1] - The company’s equity decreased to CAD 402,902 thousand as of September 30, 2025, down from CAD 564,322 thousand at the beginning of the period, a decline of 28.5%[3] - As of September 30, 2025, total current assets were $676,000, down from $3,226,000 at December 31, 2024, while total net assets decreased to $38,966,000 from $41,326,000[36] Cash Flow and Cash Equivalents - Cash and cash equivalents rose to CAD 471,258 thousand at the end of September 2025, compared to CAD 108,518 thousand at the beginning of the period, reflecting an increase of 335.5%[4] - The company reported a net cash used in operating activities of CAD 59,714 thousand for the nine months ended September 30, 2025, compared to CAD 32,368 thousand for the same period in 2024, indicating an increase of 84.7%[4] - Cash and cash equivalents increased to $471,258,000 as of September 30, 2025, from $108,518,000 at the end of 2024[87] Investments and Inventory - The company holds 1,900,000 pounds of physical uranium with a market value of CAD 216,901,000 as of September 30, 2025, down from CAD 231,088,000 for 2,200,000 pounds at December 31, 2024, indicating a decrease of 6% in market value[30] - The company's inventory balance increased to CAD 10,060,000 as of September 30, 2025, compared to CAD 5,844,000 at December 31, 2024, reflecting a growth of 72%[22] - The total investments decreased slightly to CAD 246,924,000 at September 30, 2025, from CAD 252,135,000 at December 31, 2024, a decline of approximately 2%[23] Share Capital and Equity - The company issued 1,152 thousand shares through options exercised, contributing to a total share capital of CAD 1,667,975 thousand as of September 30, 2025[3] - The Company issued 1,473,440 common shares, increasing the total outstanding shares to 897,186,541 as of September 30, 2025[66] Expenses and Costs - Operating expenses for the nine months ended September 30, 2025, totaled CAD 3,818 thousand, up from CAD 3,617 thousand in the same period of 2024, marking an increase of 5.5%[2] - The company incurred costs of CAD 2,132,000 on mining activities and CAD 286,000 on processing activities during Q3 2025, with no inventory sold during the quarter[22] - The Company incurred letter of credit fees of $322,000 during the nine months ended September 30, 2025, compared to $314,000 in the same period of 2024[91] Debt and Financing - The company issued $345,000,000 in convertible senior unsecured notes in August 2025, with a net receipt of $458,994,000 after transaction costs[55] - The Notes mature on September 15, 2031, and any unconverted Notes will have their principal amount repaid in cash at maturity[57] - The Company recorded interest expense of $5,012,000 for the three and nine months ended September 30, 2025, at an effective interest rate of 13.76%[62] Other Income and Tax - The Company recognized other income of $16,790,000 for the three months ended September 30, 2025, compared to a loss of $10,669,000 in the same period of 2024[74] - The Company recognized deferred tax recoveries of $6,528,000 during the nine months ended September 30, 2025, including previously unrecognized Canadian tax assets of $5,850,000[80] Capital Expenditures - Capital additions for property, plant, and equipment totaled $30,980,000 for the nine months ended September 30, 2025[77] - The carrying value of property, plant, and equipment increased to $280,587,000 as of September 30, 2025, from $259,661,000 at December 31, 2024[38] Reclamation and Obligations - Reclamation obligations increased to $32,870,000 as of September 30, 2025, compared to $32,314,000 at December 31, 2024[51] - The Company has provided irrevocable standby letters of credit totaling $22,972,000 for reclamation obligations as of September 30, 2025[53]

Core Insights - Energy Fuels Inc. is positioned as a key player in the critical minerals market, focusing on uranium and heavy rare earth elements (HREEs) [1][4][30] - The company operates the White Mesa Mill, which is undergoing expansion to enhance its processing capacity for HREEs, aiming to meet the growing demand for secure supply chains in North America [2][3][11] Company Overview - Energy Fuels Inc. is a diversified supplier of uranium and an emerging processor of HREEs, targeting global buyers with a focus on Western supply chains [2][4] - The operational strategy includes bridging primary extraction and downstream separation, which is increasingly important for electrification and defense sectors [2][11] Operational Strategy - The company's operations are built on three pillars: uranium production, rare earth extraction, and strategic partnerships [3][5] - The proposed Phase 2 expansion of the White Mesa Mill aims to process up to 60,000 tonnes of monazite per year, enhancing its capacity for commercial HREE output [3][5][13] Financial Performance - Energy Fuels has experienced significant stock performance, with a 1-year total shareholder return of 169.91% and a 5-year total return of 849.17% [6][9] - The company's price-to-sales (P/S) ratio was reported at 47.3x, significantly higher than peer averages, indicating high growth expectations [7][9] Market Position - Energy Fuels is strategically positioned within the North American resource space, competing with larger producers like Cameco and regional peers [4][24] - The company benefits from a niche in Western rare earth processing, which is increasingly valued due to geopolitical risks associated with non-Western suppliers [5][11][24] Leadership and Governance - The management team, led by CEO Mark S. Chalmers, combines operational experience in uranium markets with expertise in critical minerals [19][22] - High insider ownership is noted as a positive governance attribute, aligning management interests with those of shareholders [10][22] Industry Context - The company operates at the intersection of uranium mining and rare earth processing, providing essential services that many junior miners lack [11][14] - The global demand for HREEs, particularly for applications in electric motors and magnets, underscores the strategic importance of Energy Fuels' operations [3][5][11]