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Purepoint Commences 2026 Drilling Program At Dorado Following Nova Uranium Discovery
TMX Newsfile· 2026-01-26 11:30
Core Viewpoint - Purepoint Uranium Group Inc. has commenced drilling at the Dorado Project as part of a joint venture with IsoEnergy Ltd, aiming to expand the high-grade Nova Uranium Discovery and advance other priority targets across the property [1][3]. Winter 2026 Nova Expansion Program - The winter drill program is the first phase of a fully approved multi-campaign exploration initiative at Dorado, following the 2025 Nova Discovery which reported uranium grades of up to 8.1% U₃O₈ over 0.4 meters within 2.1 meters of 1.6% U₃O₈ in hole PG25 07A [2][8]. - Drilling will focus on systematic step-outs along the mineralized structure, specifically targeting the northeastern extension where the strongest uranium mineralization has been found [5][8]. Advancing a District Scale Opportunity - The Dorado Project includes multiple priority target areas characterized by conductive corridors, fault structures, and favorable graphitic lithologies [6][15]. - An airborne magnetotellurics survey is planned for later this winter or early spring to refine deeper structural targets across several grids, supporting ongoing district-scale evaluation of the joint venture land package [6]. Future Plans - A helicopter-supported summer drill program is planned to test additional targets across the Dorado Project, contingent on the results from the winter drilling [7][8]. - The winter program will include up to 10 drill holes totaling approximately 4,300 meters, focusing on the corridor between holes PG25-03 and PG25-07A, which has an 800-meter strike length with the strongest mineralization currently toward the northeast [8].
Skyharbour Invites Shareholders to Upcoming Conferences
Globenewswire· 2026-01-23 13:00
Core Viewpoint - Skyharbour Resources Ltd. is actively participating in the Vancouver Resource Investment Conference and the Metals Investor Forum, showcasing its uranium exploration projects and corporate strategies to potential investors and industry professionals [1][3][5]. Group 1: Conference Participation - Skyharbour will have a booth at the Vancouver Resource Investment Conference on January 25-26, 2026, and will present a corporate overview by President and CEO Jordan Trimble on January 25 at 11:50 AM [1][2]. - The Vancouver Resource Investment Conference will feature over 120 expert speakers and is expected to attract more than 5,000 industry professionals and investors, providing networking opportunities and insights into the commodities landscape [3]. Group 2: Company Overview - Skyharbour holds a significant portfolio of uranium exploration projects in Canada's Athabasca Basin, covering over 662,887 hectares (over 1.6 million acres) [6]. - The company owns a 100% interest in the Moore Uranium Project, which is an advanced-stage property with high-grade, shallow uranium mineralization [6]. - Skyharbour has joint ventures with Denison Mines and Orano Canada Inc. and has signed earn-in option agreements with partners that could lead to over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments [7]. Group 3: Strategic Goals - The company's goal is to maximize shareholder value through new mineral discoveries, long-term partnerships, and advancing exploration projects in geopolitically favorable jurisdictions [8].
Skyharbour Intersects High-Grade Uranium in Drill Hole ML25-15 at the Maverick Main Zone Returning 11.77% U3O8 over 1.6 metres within 4.4 metres of 4.84% U3O8 and Identifies a New Prospective Regional Target Area called Nomad at the Moore Project
Globenewswire· 2026-01-14 12:00
Core Insights - Skyharbour Resources Ltd. has reported significant results from its 2025 drilling campaign at the Moore Uranium Project, highlighting high-grade uranium mineralization and the discovery of a new target area called the Nomad Zone [1][3][20] Drilling Results - A total of 21 drill holes were completed, totaling 7,884 metres, with notable intersections including hole ML25-15 at the Main Maverick Zone, which returned 4.84% U3O8 over 4.4 metres, including a higher grade of 11.77% U3O8 over 1.6 metres [1][5][8] - The Nomad Zone, located approximately 1.7 kilometres southwest of the Main Maverick Zone, showed extensive sandstone and basement faulting with intense hydrothermal alteration, indicating a fertile environment for further uranium discoveries [1][21] Future Plans - The company is preparing for a winter drill program to commence shortly, planning to drill an additional 8,000 to 10,000 metres in 15 to 25 drill holes throughout 2026 [2][26] - The upcoming drilling will focus on expanding the Maverick zones and further exploring the Nomad Zone, with additional geophysical surveys currently underway [27][26] Project Overview - The Moore Uranium Project spans 35,705 hectares and is strategically located near other significant uranium projects in the Athabasca Basin, including Denison Mines' Wheeler River project and Cameco's McArthur River mine [28][33] - Historical drill highlights from the project include results of up to 6.0% U3O8 over 5.9 metres, showcasing the project's potential for high-grade uranium mineralization [28][33] Exploration Strategy - Skyharbour's exploration strategy includes a multi-phased drilling approach, with a focus on both the Maverick and Nomad zones, as well as the Esker target area, which has shown promising geological indicators [26][27] - The company aims to maximize shareholder value through new mineral discoveries and partnerships, leveraging its extensive portfolio of uranium exploration projects [33][35]
Purepoint Uranium Announces Grant of Options and Restricted Share Units
TMX Newsfile· 2026-01-05 22:00
Toronto, Ontario--(Newsfile Corp. - January 5, 2026) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") approved the issuance of 1,223,600 restricted share units ("RSUs") to its directors and officers and a total of 230,000 options (the "Options") to certain of its employees pursuant to the Company's Omnibus Equity Incentive Compensation Plan. Each Option is exercisable to acquire one common share of the Company at a price of $0.47 per share and expires on the date tha ...
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
Core Viewpoint - Rottenstone Gold Inc. has announced a proposed acquisition of various royalty interests and plans to reposition itself as Silver Royalties, indicating a strategic shift towards a focus on precious metals royalties [1][17]. Acquisition of Royalties - The acquisition involves royalties from projects operated by notable companies including Kinross Gold Corporation, SSR Mining Inc., NexGold Mining Corp., Champion Iron Limited, Orano Canada Inc., and Cameco Corp. [2][3]. - Specific royalties include: - Great Bear Royalty: 0.75% NSR on approximately 570 ha of mining leases and 1,241 ha of mining claims in Ontario [2]. - Seabee Royalties: 2% NSR on approximately 8,873 ha and 0.5% NSR on approximately 2,832 ha in Saskatchewan [2]. - Goldboro Royalties: 2.0% GSR on approximately 10,848 ha in Nova Scotia [3]. - Bloom Lake East Royalty: 1% GSR on approximately 3,800 ha in Labrador [3]. - Preston Royalties: NSR interests ranging from 1.4% to 2.0% covering approximately 49,635 ha in Saskatchewan [3]. - WAB Royalty: 1% GSR on approximately 5,859 ha in Saskatchewan [3]. Terms and Related Party - The acquisition will be conducted on an all-stock basis, with Rottenstone Gold planning to issue 93,225,807 common shares as consideration for the royalties [6]. - The transaction has been approved by independent directors, and no finder's fees will be paid [7]. Corporate Strategy for the Royalties - The acquisition is expected to provide durable project coverage across a diverse portfolio exceeding 200,000 acres, enhancing the company's market position in the royalty sector [10]. - The company aims to become a significant player in the royalty market, focusing on mining majors and strategically selected lands [11]. Change of Business - The Royalty Acquisition is anticipated to constitute a fundamental change in the company's operations, leading to a trading halt until completion or termination of the acquisition [15]. - The company has management experience in the mining royalty industry, which will be leveraged post-acquisition [16]. Name Change to Silver Royalties - Upon successful completion of the acquisition, the company intends to adopt the name of its subsidiary, Silver Royalties Corp., to align with its new business focus [17]. - This name change is expected to enhance the company's branding in the precious metals market [18]. Special Meeting - A special shareholder meeting will be convened to seek disinterested shareholder approval for the Royalty Acquisition [20][21]. Multilateral Instrument 61-101 Disclosure - The acquisition is classified as a related party transaction under MI 61-101, necessitating independent valuation and approval from disinterested shareholders [22].
Skyharbour and JV Partner Orano Announce Extensive Exploration and Drilling Plans for 2026 at Preston Uranium Project
Globenewswire· 2025-12-09 12:00
Core Viewpoint - Skyharbour Resources Ltd. and its joint-venture partner Orano Canada Inc. are set to undertake a significant exploration and drilling program at the Preston Uranium Project in 2026, building on previous successful results and targeting high-priority areas for uranium mineralization [1][4]. Exploration Program Overview - The 2026 exploration campaign will include an Airborne Gravity Gradiometry (AGG) survey covering the northern priority corridor, followed by detailed ground gravity surveys and a summer drilling campaign of approximately 3,500 metres [2][3]. - The AGG survey aims to refine gravity lows, identify structural trends, and delineate potential hydrothermal or alteration-related footprints across the property [2]. Drilling Details - The proposed diamond drilling program will consist of approximately 3,000 to 3,500 metres across about ten helicopter-supported drill holes, each averaging around 300 metres in depth [3]. - Drilling will focus on high-priority anomalies and structural corridors associated with uranium mineralization, particularly in the northern FSAN area and the underexplored Area B conductive corridor [3]. Budget and Objectives - The budget for the 2026 program will cover airborne and ground gravity surveys, drilling, helicopter support, logistics, and analytical work, aimed at advancing geological understanding and generating new drill targets [4]. Previous Exploration Success - The 2025 exploration program at the Preston Uranium Project was completed successfully, involving 5,565 metres of drilling across 17 holes, focusing on high-priority target areas [5][13]. - Notable results from the 2025 program included the confirmation of multiple graphitic shear zones and structural corridors, particularly in the Canoe Lake and FSAN grids, which are now prioritized for further exploration [13]. Joint Venture Structure - Orano Canada Inc. holds a 74.7% interest in the Preston Uranium Project and serves as the operator, while Skyharbour retains a 25.3% minority interest [1][16].
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]