Skyharbour Enters into Agreement with Mustang Energy to Option its 914W Uranium Project Located in the Athabasca Basin, Saskatchewan

Skyharbour Resources has entered into an option agreement with Mustang Energy for its 914W Uranium Project in Saskatchewan’s Athabasca Basin. Under the agreement, Mustang can acquire a 75% interest by issuing CAD $480,000 in shares, making CAD $275,000 in cash payments, and spending CAD $800,000 on exploration over three years.

The 914W Project spans 1,260 hectares, located 48 km southwest of Cameco’s Key Lake Operation. The property is underlain by Wollaston Supergroup rocks, known for hosting uranium mineralization. Despite its strategic location and promising geology, the project remains underexplored. Historical exploration revealed uranium occurrences nearby, with values up to 1,288 ppm U in drilling and 0.64% U3O8 in surface trenching.

Positive Option agreement provides up to CAD $1.555 million in total value through cash, shares, and exploration commitments

Company retains 2% NSR royalty with buyback provision for CAD $1 million Property has strategic location near established infrastructure (Highway 914) Historical exploration […]

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