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
Skyharbour Hits 11.77% Uranium at Moore as Strategic Denison Mines Partnership Reshapes Basin Outlook
The most recent news release (January 14, 2026) reports high-grade uranium drill results from the Moore Uranium Project. Significant intercepts at the Maverick Main Zone include 11.77% U3O8 over 1.6 metres within a wider 4.4-metre interval of 4.84% U3O8 (Hole ML25-15). Additionally, the company identified a new regional target area named "Nomad." Management announced a 2026 exploration plan involving 8,000 to 10,000 metres of drilling across multiple projects, with a 5,000-to-6,000-metre winter program starting in February. The company highlights a strong treasury of over $11 million following the closure of a major strategic transaction with Denison Mines at the Russell Lake project.
- Drill Grade Superiority: The 11.77% U3O8 intercept is a substantial improvement over the 4.74% U3O8 reported in June 2024. In the Athabasca Basin, grades exceeding 10% are considered elite and typical of Tier-1 deposits.
- Financial De-risking: The closure of the Denison Mines transaction (December 2025) provided $10 million in immediate cash. This resolves short-term liquidity concerns and funds the 2026 "largest ever" drill campaign without immediate further dilution.
- Strategic Validation: Having Denison Mines, a major basin producer, commit up to $61.5 million in project consideration across four JVs validates the prospectivity of Skyharbour’s land package.
- Operational Momentum: The transition from a minority partner at Russell Lake to 100% ownership (and then JVing out to Denison) demonstrates aggressive portfolio management that protects the balance sheet while maintaining discovery upside.
Skyharbour Resources is a uranium explorer using a dual-track strategy: a "prospect generator" model to fund secondary assets and direct exploration of flagship projects. - Flagship Project: The Moore Uranium Project (100% owned), located 15km east of Denison's Wheeler River. It hosts the Maverick corridor, where high-grade unconformity and basement-hosted mineralization have been confirmed. - Co-Flagship: The Russell Lake Project, now subject to a massive JV with Denison Mines, located between the Key Lake and McArthur River mines.