Skyharbour Closes $2.1 Million Private Placement of Flow-Through Shares

Executive Summary

• Skyharbour Resources closed a non‑brokered private placement raising CAD $2,103,898.94 in gross proceeds.
• The financing consisted of 5,069,636 flow‑through shares issued at CAD $0.415 per share, intended to fund the 2026 exploration campaign on the Russell Lake and Moore Lake uranium projects.
• A related‑party insider subscribed for 250,000 shares (CAD $103,750) under MI 61‑101 exemptions; cash finder’s fees of CAD $120,008.94 were paid.

Key Details

• Total Gross Proceeds: CAD $2,103,898.94.
• Shares Issued: 5,069,636 flow‑through (FT) shares at CAD $0.415 per share.
• Use of Proceeds: Funding the Company’s 2026 exploration campaign, including drilling at the co‑flagship Russell Lake (“RL”) and Moore Lake uranium projects.
• Cash Finder’s Fees: CAD $120,008.94 paid to an arm’s‑length party for placement services.
• Insider Subscription: One director (insider) purchased 250,000 shares for CAD $103,750; transaction qualifies as a related‑party transaction under MI 61‑101 and will rely on exemption provisions (sections 5.5(a) & 5.7(a)).
• Hold Period: All securities issued are subject to a four‑month‑and‑one‑day hold period pending final TSX Venture Exchange approval.
• Tax Benefit: FT shares qualify for the federal 30% Critical Mineral Exploration Tax Credit under the Canadian Income Tax Act.

Notable Quotes

“The successful closing of this private placement provides us with the capital needed to advance our high‑potential uranium projects and underscores the confidence our strategic investors have in Skyharbour’s exploration strategy.” – Jordan Trimble, President and CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.