Skyharbour Resources Ltd (SYHBF)

[Akula42]

News: Partnership with Azincourt Uranium

Skyharbour Signs Option Agreement with Azincourt Uranium to Option 70% of the East Preston Uranium Property for $3,500,000 in Project Consideration and 4,500,000 Shares

Skyharbour’s President and CEO, Jordan Trimble commented: “Skyharbour continues to execute on its business model by adding value to its project base in the Athabasca Basin through focused mineral exploration at its flagship Moore Uranium Project as well as utilizing the prospect generator model to advance its other projects with strategic partners. We are excited to have the opportunity to work with a new partner in Azincourt led by a dynamic management and technical team. This Agreement also complements the recent option agreement signed with industry-leader AREVA Resources Canada and together the two option agreements combine for $9,800,000 in total exploration expenditures over six years, as well as $1,700,000 in total cash payments and the issuance of 4,500,000 shares of Azincourt split between Skyharbour and Clean Commodities in return for 70% interests in the respective property areas. 

http://skyharbourltd.com/news-media/news/news-display/index.php?&content_id=543