Skyharbour Resources Ltd (SYHBF)

[Akula42]

News: AREVA strategic partnership and option agreement

http://skyharbourltd.com/news-media/news/news-display/index.php?&content_id=541


Skyharbour’s President and CEO, Jordan Trimble commented: “The signing of this Option Agreement with industry-leader AREVA is a significant milestone for Skyharbour. We are thrilled to have the opportunity to work with a new strategic partner to further advance the central portion of the Preston Uranium Project with up to $7.3 million in exploration funded by AREVA in addition to the cash payments. AREVA has a very knowledgeable geological team with a long and productive history in the Athabasca Basin so we are keen to see the commencement of exploration programs at Preston this year. The Preston Uranium Project is a strategic, district-scale property with robust exploration upside potential throughout and is located near recent high-grade discoveries in the Patterson Lake area including NexGen Energy’s Arrow deposit, Fission Uranium’s Triple R deposit, and the Spitfire discovery. Skyharbour continues to execute on its business plan by adding value to its project base in the Athabasca Basin through focused mineral exploration at its flagship Moore Lake project as well as utilizing the prospect generator model to advance its other projects with strategic partners.”  


AREVA http://www.areva.com