Gerardo Del Real,
Editor
Feb. 4, 2024
Uranium prices are now over $100 per pound. The highest level since 2007.
Skyharbour Resources (TSX-V: SYH)(OTC: SYHBF) is well-positioned to take advantage of this bull market in uranium as the third largest mineral tenure holder in northern Saskatchewan's Athabasca Basin.
It employs a hybrid prospect generator and exploration model.
It has 25 uranium projects, some of which it has joint ventured out and on which it earns management fees. So it gets to participate in exploration upside without dilution.
And it has two co-flagship projects — Moore and Russell Lake — that it explores itself. It will conduct its largest uranium drill program ever in 2024.
Denison Mines (NYSE: DNN)(TSX: DML) is a corporate shareholder of Skyharbour. And Denison President and CEO David Cates sits on Skyharbour’s board. Rio Tinto (NYSE: RIO) is also a large strategic shareholder.
Shyharbour is also included in uranium ETFs like the Global X Uranium ETF (NYSE: URA), Sprott Uranium Miners ETF (NYSE: URNM), and Horizons Global Uranium Index ETF (TSX: HURA).
Listen to President and CEO Jordan Trimble summarize the investment opportunity in Skyharbour at the recent Vancouver Resource Investment Conference, below.
And click here to see my current analysis of and top picks in the uranium sector.
To see other uranium stocks worth considering for investment, click here.
Let's get it,
Gerardo Del Real
Editor, Resource Stock Digest
Click here to see more from Skyharbour Resources Ltd.