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Skyharbour Assets Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Firm”) is happy to announce that it has accomplished the acquisition of Rio Tinto Exploration Canada Inc.’s (“RTEC”) minority curiosity within the Russell Lake Uranium Venture (“Russell Lake” or the “Venture”) pursuant to the beforehand introduced definitive and binding buy settlement (the “Buy Settlement”). The Venture is strategically situated within the central core of the Japanese Athabasca Basin of northern Saskatchewan, with entry to regional infrastructure, together with an all-weather street and powerline.
Russell Lake Venture Location Map:
http://www.skyharbourltd.com/_resources/photos/2025-11-14percent20SKY-RussellLake-Up to date.jpg
Transaction Particulars:
Instantly previous to closing, RTEC’s curiosity within the Venture was roughly 42.3%. Pursuant to the phrases of the Buy Settlement, Skyharbour has acquired 100% of RTEC’s minority curiosity within the Venture in alternate for money consideration of C$10 million (the “Buy Value”). The Buy Value consisted of a C$2 million deposit, paid on signing the Buy Settlement, and a C$8 million money cost paid at closing.
Skyharbour has granted to RTEC a 0.25% internet smelter returns royalty over Russell Lake. The acquisition of RTEC’s curiosity in Russell Lake has elevated Skyharbour’s curiosity within the Venture to 100%, topic to a number of different internet smelter return royalties held by third events.
Russell Lake Uranium Venture Overview:
The Russell Lake Venture is a big, advanced-stage uranium exploration property totalling 73,314 hectares strategically situated between Cameco’s Key Lake and McArthur River Tasks, and adjoining Denison’s Wheeler River Venture to the west and Skyharbour’s Moore Uranium Venture to the east. The northern extension of Freeway 914 between Key Lake and McArthur River runs by means of the western extent of the property and tremendously enhances accessibility, whereas a high-voltage powerline is located alongside this street.
Certified Particular person:
The technical info on this information launch has been ready in accordance with the Canadian regulatory necessities set out in Nationwide Instrument 43-101 and reviewed and accredited by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour in addition to a Certified Particular person.
About Skyharbour Assets Ltd.:
Skyharbour holds an in depth portfolio of uranium exploration initiatives in Canada’s Athabasca Basin and is properly positioned to learn from enhancing uranium market fundamentals with curiosity in thirty-seven initiatives overlaying over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a big strategic shareholder of the Firm, a 100% curiosity within the Moore Uranium Venture, which is situated 15 kilometres east of Denison’s Wheeler River undertaking and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in a number of zones on the Maverick Hall. Adjoining to the Moore Venture is the Russell Lake Uranium Venture, which hosts widespread uranium mineralization in drill intercepts over a big property space with exploration upside potential. The Firm is actively advancing these initiatives by means of exploration and drilling packages.
Skyharbour additionally has joint ventures with trade leaders Denison Mines, Orano Canada Inc., Azincourt Power, and Thunderbird Assets on the Russell, Preston, East Preston, and Hook Lake Tasks, respectively. The Firm additionally has a number of lively earn-in choice companions, together with CSE-listed Basin Uranium Corp. on the Mann Lake Uranium Venture; TSX-V listed North Shore Uranium on the Falcon Venture; UraEx Assets on the South Dufferin and Bolt Tasks; Hatchet Uranium on the Freeway Venture; CSE-listed Mustang Power on the 914W Venture; and TSX-V listed Terra Clear Power on the South Falcon East Venture.
In combination, Skyharbour has now signed earn-in choice agreements with companions that complete to doubtlessly over $76 million in partner-funded exploration expenditures and over $42 million in money and share funds coming into Skyharbour, assuming that these accomplice firms full their total earn-ins on the respective initiatives.
Skyharbour’s Uranium Venture Map within the Athabasca Basin:
https://skyharbourltd.com/_resources/maps/SKY-SaskProject-Locator-2025-12-08.jpg
To search out out extra about Skyharbour Assets Ltd. (TSX-V: SYH) go to the Firm’s web site at www.skyharbourltd.com .
Skyharbour Assets Ltd.
“Jordan Trimble”
Jordan Trimble
President and CEO
For additional info contact myself or:
Nicholas Coltura
Company Communications Supervisor
Skyharbour Assets Ltd.
Phone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
E-mail: information@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.
This launch consists of sure statements that could be deemed to be “forward-looking statements”. All statements on this launch, apart from statements of historic details, that tackle occasions or developments that administration of the Firm expects, are forward-looking statements. Though administration believes the expectations expressed in such forward-looking statements are based mostly on affordable assumptions, such statements are usually not ensures of future efficiency, and precise outcomes or developments could differ materially from these within the forward-looking statements. The Firm undertakes no obligation to replace these forward-looking statements if administration’s beliefs, estimates or opinions, or different elements, ought to change. Elements that might trigger precise outcomes to vary materially from these in forward-looking statements, exploration and growth successes, regulatory approvals together with TSXV approval, and basic financial, market or enterprise circumstances. Please see the general public filings of the Firm at www.sedarplus.ca for additional info.
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