Skyharbour Resources Ltd.’s (TSX-V:
SYH) (OTCQX: SYHBF)
(Frankfurt: SC1P) (the “Company”) is pleased
to announce the appointment of Serdar Donmez, a recognized
geoscientist with decades of experience in uranium exploration and
development, as Vice President of Exploration. Mr. Donmez will be
working with the rest of Skyharbour’s geological team based in
Saskatoon.
As a highly experienced geoscientist with nearly
two decades of expertise in uranium exploration and development,
Mr. Donmez has played an active role in numerous grassroots and
advanced uranium exploration projects in northern Saskatchewan and
Zambia. Mr. Donmez has an Engineering Degree in Geology and is a
registered Professional Geoscientist with the Association of
Professional Engineers and Geoscientists of Saskatchewan.
During his 17-year tenure at Denison Mines
Corp., Mr. Donmez was pivotal in advancing numerous uranium
exploration and development projects. He was involved in various
capacities with the Phoenix and Gryphon uranium deposits on
Denison’s Wheeler River project, from initial discovery to the
completion of the Feasibility Study in 2023. As Resource Geology
Manager, he was integral to the development of mineral resource
estimates and NI 43-101 technical reports for several advanced
exploration projects in the Athabasca Basin. Additionally, he was
part of a team exploring the application of in-situ recovery mining
techniques for high-grade uranium deposits in the Athabasca
Basin.
Mr. Donmez’s extensive experience in advancing
Athabasca Basin uranium projects, particularly his work at the
Phoenix and Gryphon deposits at Wheeler River, aligns very well
with Skyharbour's exploration and drilling initiatives at its
co-flagship adjacent Russell and Moore Lake projects. Recent
drilling this year at both projects has identified high-grade,
multi-percent sandstone-hosted uranium mineralization. With a
fully-funded, 2,500m drill program already underway at Moore and an
additional 4,000-5,000m drilling program scheduled for Russell this
fall, Mr. Donmez's expertise will be invaluable in advancing these
projects and unlocking further value going forward.
Mr. Donmez’s deep understanding of the discovery
process in the Athabasca Basin along with his experience in
implementing innovative exploration and development techniques
positions him to play a critical role in advancing both projects as
the Company continues to make new discoveries and expand its
resource base.
Jordan Trimble, President and CEO of Skyharbour
stated: “Serdar brings an incredible wealth of experience to the
Skyharbour technical team and has specific exploration and
development expertise in the southeastern portion of the Athabasca
Basin where our core projects are located. His many years of work
at Wheeler River will prove to be invaluable at our Russell and
Moore projects as we look to generate and expand on new discoveries
as well as delineate high grade uranium resources in similar
geological settings. The ability to attract such a talented and
seasoned individual to the team is a testament to our portfolio of
projects and multi-faceted strategy in the Athabasca Basin where
Serdar will also be working to help manage and expand our prospect
generator business.”
Furthermore, in his most recent role, Mr. Donmez
served as Vice President of Exploration at 92 Energy Ltd. until its
acquisition by Atha Energy Corp. in April 2024. Following the
acquisition, he transitioned to the role of Director of
Exploration, where he helped in target generation for drilling
programs at Atha’s Angilak and Gemini projects in Nunavut and
northern Saskatchewan.
Serdar Donmez, Vice President of Exploration of
Skyharbour, stated: “I am thrilled to join the Skyharbour team,
which has a proven track record in developing and advancing
high-profile uranium exploration projects in the Athabasca Basin.
Skyharbour’s impressive portfolio includes flagship projects like
Moore Lake and Russell Lake, where notable high-grade uranium
mineralization has been discovered in multiple zones. I look
forward to leading the technical team in advancing our exploration
initiatives and demonstrating the substantial growth potential that
exists within our projects.”
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of
uranium exploration projects in Canada's Athabasca Basin and is
well positioned to benefit from improving uranium market
fundamentals with twenty-nine projects, ten of which are
drill-ready, covering over 580,000 hectares (over 1.4 million
acres) of land. Skyharbour has acquired from Denison Mines, a large
strategic shareholder of the Company, a 100% interest in the Moore
Uranium Project which is located 15 kilometres east of Denison's
Wheeler River project and 39 kilometres south of Cameco's McArthur
River uranium mine. Moore is an advanced-stage uranium exploration
property with high-grade uranium mineralization at the Maverick
Zone that returned drill results of up to 6.0% U3O8 over 5.9
metres including 20.8% U3O8 over 1.5 metres at a vertical
depth of 265 metres. Adjacent to the Moore Uranium Project is
Skyharbour’s recently optioned Russell Lake Uranium Project from
Rio Tinto, which hosts several high-grade uranium drill intercepts
over a large property area with robust exploration upside
potential. The Company is actively advancing these projects through
exploration and drill programs.
Skyharbour has joint-ventures with
industry-leader Orano Canada Inc., Azincourt Energy and Thunderbird
Resources (previously Valor) at the Preston, East Preston and Hook
Lake Projects, respectively. The Company also has several active
earn-in option partners including: CSE-listed Basin Uranium Corp.
at the Mann Lake Uranium Project; CSE-listed Medaro Mining Corp. at
the Yurchison Project; North Shore Uranium at the Falcon Project;
and TSX-V listed Tisdale Clean Energy at the South Falcon East
Project which is host to the Fraser Lakes Zone B Uranium and
Thorium Deposit. In aggregate, Skyharbour has now signed earn-in
option agreements with partners that total to over $33 million in
partner-funded exploration expenditures, over $27 million worth of
shares being issued and over $20 million in cash payments coming
into Skyharbour, assuming that these partner companies complete
their entire earn-ins at the respective projects.
Skyharbour's goal is to maximize shareholder
value through new mineral discoveries, committed long-term
partnerships, and the advancement of exploration projects in
geopolitically favourable jurisdictions.
Skyharbour’s Uranium Project Map in the
Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-02-14_V2.jpg
To find out more about Skyharbour Resources Ltd.
(TSX-V: SYH) visit the Company’s website
at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
“Jordan
Trimble”_________________________________
Jordan TrimblePresident and CEO
For further information contact myself or:Nicholas
ColturaInvestor Relations Manager Skyharbour Resources Ltd.
Telephone: 604-558-5847 Toll Free: 800-567-8181 Facsimile:
604-687-3119 Email: info@skyharbourltd.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
The securities offered have not been, and will
not be, registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any U.S. state securities
laws, and may not be offered or sold in the United States or to, or
for the account or benefit of, United States persons absent
registration or an applicable exemption from the registration
requirements of the U.S. Securities Act and applicable U.S. state
securities laws. This press release does not constitute an offer to
sell or the solicitation of an offer to buy securities in the
United States, nor in any other jurisdiction.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements, including the Private
Placement. Although management believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include
market prices, exploration and development successes, regulatory
approvals, continued availability of capital and financing, and
general economic, market or business conditions. Please see the
public filings of the Company at www.sedar.com for further
information.
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