Skyharbour Resources - A Diversified Uranium Explorer & Prospect Generator

• Sky Harbour Resources is a uranium explorer and prospect generator with 29 projects in the Athabasca Basin.
• Their hybrid model involves advancing flagship projects Russell Lake and Moore Lake while partnering on other projects to generate cash and stock.
• Russell Lake is a discovery-ready project near major deposits, while Moore Lake has high-grade zones and potential for new mining methods.
• Sky Harbour has raised funds through flow-through financings and is well-positioned for the improving uranium market.
• With a large project portfolio, strategic partnerships, and active exploration plans, Sky Harbour offers investors multiple avenues for value creation.

About Skyharbour Resources

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) is a uranium exploration company with a diversified portfolio of projects in the prolific Athabasca Basin of Saskatchewan, Canada. Led by Jordan Trimble, President and CEO, the company has built one of the largest project portfolios in the region, consisting of 29 properties totaling over 1.4 million acres. Skyharbour's unique business model combines the prospect generator strategy with advancing its own flagship projects, providing multiple avenues for value creation.

Interview with President & CEO, Jordan Trimble

A Hybrid Approach: Prospect Generation & Flagship Advancement

Skyharbour's hybrid business model allows the company to unlock value from its vast project portfolio while minimizing dilution and risk. The prospect generator arm of the business involves partnering with other companies to advance secondary projects. These partners fund exploration and provide cash and stock payments to Skyharbour, allowing the company to maintain a healthy treasury without frequently raising funds through equity financings.

"With uranium projects in the Athabasca Basin, we'll go in, we'll acquire it, we'll incubate the project if you will, we'll do some work there. We'll package it up and then we look to bring in a partner company that will fund the exploration and advance the project but also pay us some cash in stock as they earn in."

Currently, Skyharbour has seven partner companies advancing seven projects, with the potential to receive up to $80 million in combined cash, stock, and exploration expenditures. This strategy provides shareholders exposure to multiple projects and potential discoveries without the company bearing all the exploration costs.

Flagship Projects: Russell Lake & Moore Lake

While the prospect generator business funds a significant portion of Skyharbour's activities, the company is directly advancing its two flagship projects, Russell Lake and Moore Lake. These advanced-stage exploration assets are located in strategic positions within the Athabasca Basin and offer compelling discovery potential.

Russell Lake, recently optioned from Rio Tinto, lies between Cameco's Key Lake Mine and Denison's Wheeler River project. Historical drilling has identified numerous mineralized zones, and Skyharbour is currently conducting a 5,000-meter drill program to follow up on these results and test new targets. The project's proximity to existing infrastructure and nearby deposits enhances its appeal.

Moore Lake, located adjacent to Russell Lake, hosts the high-grade Maverick Zone, with historical drilling returning intercepts such as 21% U3O8 over 1.5 meters. Skyharbour recently completed a 3,000-meter winter drill program focused on expanding known high-grade zones and testing basement targets. The company plans to conduct another 3,000 meters of drilling in the summer and is working on an updated resource estimate.

Well-Funded & Positioned for Growth

Skyharbour has maintained a strong financial position, with a recent $6.4 million charity flow-through financing providing the funds needed for the 2024 exploration programs at Russell Lake and Moore Lake. The company's prospect generator business also provides a steady stream of cash and stock payments, with $1.5 to $2 million expected annually from partner companies.

Trimble notes, "We haven't done a hard dollar financing, a private placement, hard dollar private placement since August of 2020. So almost four years, I think very few other exploration companies, mineral exploration companies can say that a part of that is the fact that we've been able to bring in cash, been able to monetize a portion of the secondary projects, which has helped us keep the equity dilution and check."

With a healthy treasury, ongoing prospect generator revenues, and the ability to raise funds as needed, Skyharbour is well-positioned to advance its projects and capitalize on the strengthening uranium market.

The Investment Thesis for Skyharbour Resources

• Diversified portfolio in a world-class uranium district: Skyharbour's 29 projects across the Athabasca Basin provide exposure to a range of exploration opportunities in a top-tier jurisdiction.
• Proven prospect generator model: Partnerships with seven companies on secondary projects provide a steady stream of cash and stock payments, reducing dilution and funding the advancement of flagship assets.
• High-impact flagship projects: Russell Lake and Moore Lake offer significant discovery potential, with strategic locations, historical mineralization, and ongoing drill programs.
• Strong financial position: Recent financings and prospect generator revenues have positioned Skyharbour to aggressively explore its key projects without the need for near-term equity raises.
• Experienced leadership: Management and geological teams with track records of success in uranium exploration and project development.

Skyharbour Resources offers investors a unique opportunity to gain exposure to the resurgent uranium sector through a diversified, well-funded explorer and prospect generator. With a large portfolio of projects in the world-class Athabasca Basin, strategic partnerships, and active exploration programs at its flagship Russell Lake and Moore Lake projects, Skyharbour is well-positioned for growth and value creation.

As the uranium market continues to strengthen, Skyharbour's hybrid business model provides multiple avenues for success. The prospect generator strategy ensures a steady stream of funding and partnerships, while the company's direct exploration efforts at Russell Lake and Moore Lake offer the potential for high-impact discoveries. With a proven management team, a strong financial position, and a focused strategy, Skyharbour Resources represents a compelling investment opportunity in the uranium space.