Dec. 23 at 12:11 AM
Posted on behalf of Skyharbour Resources Ltd. - Last week, Skyharbour
$SYH $SYH.TSX
$SYH.V
$SYHBF closed a deal with Denison Mines covering the Russell Lake #Uranium Project in Saskatchewan’s eastern Athabasca Basin, restructuring the project into 4 JVs
Denison has paid SYH C
$10M in cash, will pay a further C
$8M in cash/shares by year-end & may fund up to C
$43.5M in exploration/cash payments over 7 years to earn 20%–70% ownership.
With this, SYH enters 2026 with >C
$11M in the treasury
https://skyharbourltd.com/news-media/news/skyharbour-closes-major-strategic-transaction-with-denison-mines-to-form-four-new-joint-ventures-at-russell-lake-with-combined-project-consideration-up-to-615-million