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Skyharbour Sources Ltd . (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the ” Firm “) is happy to announce that it has closed a non-brokered personal placement (the “Non-public Placement”) financing for whole gross proceeds of CAD $2,103,898.94. The Non-public Placement was largely subscribed for by a number of strategic institutional buyers. The funds might be utilized in the direction of the Firm’s upcoming 2026 exploration marketing campaign together with exploration and drilling at its co-flagship Russell (“RL”) and Moore Lake Uranium Initiatives.
The Firm has allotted and issued 5,069,636 flow-through shares (the “FT Shares”) at a worth of CAD $0.415 per FT Share. The FT Shares as outlined in subsection 66(15) of the Earnings Tax Act ( Canada ) (“ITA”) as presently constituted, shall qualify for the federal 30% Important Mineral Exploration Tax Credit score, as outlined in subsection 127(9) of the Earnings Tax Act (Canada).
Pursuant to the Non-public Placement, the Firm has paid money finder’s charges of CAD $120,008.94 to an arm’s-length occasion. The Non-public Placement is topic to closing TSX Enterprise Trade approval and all securities issued are topic to a four-month-and-one-day maintain interval.
One director, as an insider of Skyharbour, has subscribed for an mixture 250,000 Shares for gross proceeds of $103,750. The issuance of the Shares to the insider is taken into account a associated occasion transaction topic to Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions (“MI 61-101”). The Firm intends to depend on exemptions from the formal valuation and minority shareholder approval necessities supplied underneath sections 5.5(a) and 5.7(a) of MI 61-101 on the idea that the participation by the insider won’t exceed 25% of the honest market worth of the Firm’s market capitalization.
This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in america. The securities haven’t been and won’t be registered underneath america Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines and is probably not provided or bought inside america or to U.S. Individuals except registered underneath the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is out there.
About Skyharbour Sources Ltd.:
Skyharbour holds an intensive portfolio of uranium exploration tasks in Canada’s Athabasca Basin and is properly positioned to learn from enhancing uranium market fundamentals with curiosity in thirty-seven tasks masking 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 challenge 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 tasks by exploration and drilling packages.
Skyharbour additionally has joint ventures with trade leaders Denison Mines, Orano Canada Inc., Azincourt Power, and Thunderbird Sources on the Russell, Preston, East Preston, and Hook Lake Initiatives, respectively. The Firm additionally has a number of lively earn-in possibility 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 Sources on the South Dufferin and Bolt Initiatives; 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 mixture, Skyharbour has now signed earn-in possibility agreements with companions that whole 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 companion corporations full their total earn-ins on the respective tasks.
Skyharbour’s purpose is to maximise shareholder worth by new mineral discoveries, dedicated long-term partnerships, and the development of exploration tasks in geopolitically beneficial jurisdictions.
Skyharbour’s Uranium Venture Map within the Athabasca Basin:
http://www.skyharbourltd.com/_resources/photos/SKY-SaskProject-Locator-2025-11-14-Up to date.jpg
To search out out extra about Skyharbour Sources Ltd. (TSX-V: SYH) go to the Firm’s web site at www.skyharbourltd.com .
Skyharbour Sources Ltd.
“Jordan Trimble”
Jordan Trimble
President and CEO
For additional info contact myself or:
Nicholas Coltura
Company Communications Supervisor
Skyharbour Sources Ltd.
Phone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Electronic 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 which may be deemed to be “forward-looking statements”. All statements on this launch, aside from statements of historic information, that deal with 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 primarily based on affordable assumptions, such statements usually are 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 situations. Please see the general public filings of the Firm at www.sedarplus.ca for additional info.
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