Skyharbour Announces Drilling Underway and Renewed Permit at the High-Grade Moore Lake Uranium Project, Saskatchewan

The most recent news (April 1, 2026) announces the commencement of Phase I of the 2026 drilling program at the 100%-owned Moore Uranium Project. The program consists of 4,000–5,000 meters (10–12 holes) targeting the newly identified Nomad Zone, as well as the Esker and Nutana zones. Key technical additions include the use of AI-assisted prospectivity modeling to refine targets. Simultaneously, the company secured a renewed three-year drill permit valid through 2029. This follows the January 2026 high-grade intercept in hole ML25-15, which returned 11.77% U3O8 over 1.6 meters.

The impact is Material - Positive. While drilling starts are often routine, this specific campaign is the first major deployment of capital following the transformative $61.5 million joint venture agreement with Denison Mines (closed Dec 2025). - Validation of Strategy: The company is now fully funded to explore its 100% owned flagship (Moore) while partners (Denison, Orano) fund millions in exploration on secondary projects. - High-Grade Potential: The focus on the Nomad Zone and Maverick extensions is backed by recent double-digit grade intercepts (11.77% U3O8), suggesting the project is reaching a critical "delineation" phase rather than just early-stage "wildcatting." - Permit De-risking: The three-year permit renewal removes a significant administrative hurdle, ensuring operational continuity through 2029.

Skyharbour holds an extensive portfolio of uranium projects (~662,000 hectares) in the Athabasca Basin, Saskatchewan. - Flagship: The Moore Uranium Project (100% owned), located 15km east of Denison’s Wheeler River. It hosts the high-grade Maverick corridor. - Secondary Flagship: Russell Lake, recently consolidated to 100% before being partially optioned to Denison in a massive JV deal.