Nov. 25 at 8:04 PM
$SYHBF Posted on behalf of Skyharbour Resources Ltd. - Last week Skyharbour Resources Ltd. (SYH.v SYHBF) announced they entered into a definitive repurchase agreement with Denison Mines Corp. whereby Denison will acquire an initial project interest in Skyharbour’s Russell Lake Uranium Project and the parties have agreed to enter into four separate joint venture agreements at closing on various claims making up Russell.
Strategic Agreement represents combined total project consideration of up to CAD
$61.5M consisting of cash or share payments to Skyharbour totalling up to
$21.5M plus expenditures totalling up to
$40.0M for Denison to acquire between a 20% and 70% ownership interest over seven years in the claims making up Russell, with Skyharbour owning the remaining interests.
https://skyharbourltd.com/news-media/news/skyharbour-enters-into-major-strategic-agreement-with-denison-mines-to-form-four-new-joint-ventures-at-russell-lake-combined-project-consideration-of-up-to-615-million