Skyharbour Announces Additional Uranium Property Staking Increasing Total Portfolio to Over 682,000 Hectares in the Athabasca Basin, Saskatchewan

Skyharbour Resources Ltd. has acquired 46 new mineral claims totaling approximately 149,439 hectares in northern Saskatchewan. The acquisition brings the company's total land portfolio to 682,100 hectares across 44 uranium properties in the Athabasca Basin.

The new projects include Carswell East, Cree North, Rapids, Carter West, Ford Lake, LEB, Perpete, Pine, and Iris, alongside expansions to Bennett, Carter North, and Elevator. The company will integrate these assets into its prospect generator business model, actively seeking strategic partners for option and joint venture agreements while retaining minority interests, royalties, and equity positions. Management highlights that potential partner-funded exploration expenditures total over $76 million, with cash and share payments from existing earn-in partners exceeding $45 million.

Skyharbour Resources Ltd. (SYH) announced a new land staking initiative, a move that continues its established land acquisition strategy without introducing new operational milestones, financing, or drilling results. The company’s prospect generator model, supported by a substantial partner funding pipeline of $76 million in exploration and $45 million in payments, has already been factored into market valuations.

While the expanded land package increases long-term discovery optionality, it does not de-risk existing projects or provide immediate capital inflows. The news is considered incremental and expected, aligning with the company's historical staking cadence. It reinforces the strategic thesis but lacks the catalyst required to move the stock materially in the near term.

Skyharbour Resources Ltd. (SYH) is a uranium exploration company focused on the Athabasca Basin in Saskatchewan, Canada. The firm combines a core project focus on the Moore and Russell Lake properties with a prospect generator model for secondary assets through joint ventures and earn-in option agreements.

The company’s flagship assets include the 100%-owned Moore Uranium Project, which is in an advanced stage of exploration and features high-grade historical intercepts up to 20.8% U3O8. An active drill campaign is underway in 2026 targeting the Nomad and Maverick zones. The Russell Lake Uranium Project has been reorganized into four joint ventures with Denison Mines, featuring over 15,000 meters of planned drilling for 2026 across multiple high-priority targets.

Skyharbour holds a total of 682,100 hectares across 44 projects, strategically located between major Cameco operations and adjacent to Denison's Wheeler River project.