In an audacious strut, Skyharbour Resources (SYH.V), fearless prancers in the uranium exploration dance, have upped the ante once again, pulling out the map and laying claim to seven fresh chunks of land in Northern Saskatchewan. Their appetite for uranium and land that may host it seems insatiable, and their eyes gleam with the glint of an ever-growing empire, every time someone walks into their office with a healthy map and box of duata.
That’s not to say they’re buying any old guff, but their empire is now spanning a colossal 518,302 hectares across 24 projects.
To put that into context, Vancouver takes up 11,500 heactares, so you could fit 45 Vancouvers into the prospective land Skyharbour has under their control.
This, ladies and gents, is no small-time expansion. With their relentless pursuit of the yellowcake, they’re positioning themselves to be the veritable lords of prospective uranium, their kingdom stretching around the famous Athabasca basin – a landscape so pregnant with the highest-grade uranium deposits, it’s practically radioactive with promise.
The intrepid Jordan Trimble, leading this charge as president and CEO of Skyharbour Resources, touts their latest acquisition with the swagger of a big game hunter returning from the wilderness, “We continue to add to our dominant uranium project portfolio in the Athabasca basin with this recent staking while advancing our core projects through ongoing drilling and exploration. These new mineral claims bolster existing properties and provide additional ground to option or joint venture out to new partner companies as a part of our prospect generator business.”
This isn’t your grandfather’s mining exploration play, boss. Skyharbour Resources is playing a high-stakes game of land grab, snatching up every promising plot of dirt and dust, enhancing their holdings and potential for the coveted uranium reserves. This is the beginning of the nuclear energy golden age, and they’re placing themselves right at the heart of it, driving a market that could light up cities as fossil fuels dry up.
The list of the fresh territories is a formidable one – an additional 6,804 hectares linking the company’s CBX and Snow projects, a new 5,882-hectare stake in the Karin project, and a newborn project, 914W, boasting 1,260 hectares. Each slice of the pie holds its own promise of uranium glory, waiting beneath the surface for the eager drills of Skyharbour.
These new pieces of land are rich with potential, each whispering of the precious metal hidden beneath. CBX is already abuzz with historic exploration from the ’70s, with uranium hints in its altered graphitic biotite gneiss. The 914W project, virtually untouched to thisd point, holds the potential for both uranium and rare earth elements in its Wollaston supergroup gneisses. And the Karin project, expanded by nearly 6,000 hectares, is a tantalising blend of Wollaston Group metasedimentary gneisses, teasing that it might hold both unconformity-related and pegmatite-hosted uranium mineralization.
This audacious expansion is no fever dream of uranium conquest. Skyharbour is sitting at the blackjack table and placing high-stakes bets across the radioactive wilds of Saskatchewan, where the payoff could light up long darkened skies. Skyharbour Resources management are casting their nets wide, betting that if one of their corners of the Athabasca basin hit paydirt, it’ll be good to have the property next door, and around the corner, and across the way.
Prospect generators don’t always get the accolades they’re due, because like many other sub-sectors of the mining biz, it has sometimes been a harbour for folks who don’t plan to do the work, and would rather just squat and wait. Skyharbour goes the other way, with a long track record of partnerships and acquisitions, and joint ventures, and work getting done.
Right now, the form guide on Skyharbour is, when the big boys look for new plots to work, the call to Jordan Trimble is one of the first calls made.
This works nicely for a while, but at some point it becomes easier to buy the whole damn business rather than pick away at projects on its big board. If that day comes, there’s a whole lot of value in both the properties, the people, and the reputation therein.
— Chris Parry
FULL DISCLOSURE: Skyharbour is an Equity.Guru marketing client, and we own stock in the company.
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