Skyharbour Resources Ltd.

Skyharbour Resources Ltd. is a junior uranium exploration company headquartered in Vancouver, Canada, operating primarily in Canada. The company's portfolio consists of 3 exploration projects, in addition to several early-stage exploration prospects. Key assets include Moore Lake and Russell Lake. The company operates as a junior exploration entity with a hybrid business model that combines direct-funded exploration of its core assets with a prospect generator strategy. This dual approach involves advancing its two co-flagship projects through its own exploration and drill programs while leveraging partnerships to advance its extensive secondary portfolio. The prospect generator model is a key operational characteristic, designed to minimize shareholder dilution and exploration risk by having partner companies fund exploration activities. Through numerous earn-in option agreements, the organization secures significant partner-funded exploration expenditures, cash payments, and equity in partner companies. This strategy allows the enterprise to maintain a large and diverse portfolio of exploration projects, with 10 identified as drill-ready, creating multiple avenues for discovery and value creation without bearing the full cost and risk of exploration across all its holdings. The recoverability of investments is contingent upon the discovery of economically viable reserves and the ability to secure financing for development and production.

The corporate strategy is centered on maximizing shareholder value through new mineral discoveries, the formation of long-term strategic partnerships, and the systematic advancement of exploration projects. A primary objective is to de-risk its extensive project portfolio by entering into earn-in option agreements with other exploration companies, which provides non-dilutive funding, cash flow, and share-based payments. This prospect generator model allows the company to maintain exposure to exploration success across numerous properties while focusing its own capital on its two co-flagship projects. The entity actively manages its portfolio by acquiring prospective ground through staking and strategic agreements with major industry players, ensuring a continuous pipeline of projects for future partnerships or internal development. Capital allocation is supported by proceeds from private placements and warrant exercises, which fund the exploration of its core assets and general corporate activities. The long-term goal is to leverage its extensive land package and technical expertise to make a significant discovery that can be advanced towards development.

The organization's social responsibility and community engagement efforts are demonstrated through a formal Exploration Agreement signed in February 2023 with the English River First Nation (ERFN). This agreement establishes a cooperative framework for exploration and evaluation activities conducted within the traditional territory of the ERFN. The stated purpose of the accord is to build a strong and positive foundation for the company to proceed with its exploration work in a manner that is informed by and respects the rights and interests of the First Nation community. The ERFN is a multilingual community of over 1,766 members with a history spanning seven historical settlements. By formalizing this relationship, the company commits to a collaborative approach that integrates community interests into its operational planning and execution, fostering a mutually beneficial partnership for project advancement.

The company's corporate structure is defined by a network of strategic partnerships, joint ventures, and a significant relationship with a major industry shareholder, Denison Mines Corp. The entity actively employs a prospect generator model, having established joint ventures with Orano Canada Inc. in 2021 (Orano 51%), Azincourt Energy Corp. in 2021 (Azincourt 70%), and Thunderbird Resources in 2024 (Thunderbird 80%), following the completion of earn-in requirements by these partners. It maintains active earn-in option agreements with several other companies, including Basin Uranium Corp. (since 2021), Medaro Mining Corp. (since 2021), Tisdale Clean Energy Corp. (since 2022), and North Shore Uranium (since 2023). The organization has also expanded its portfolio through direct agreements, including optioning a project from Rio Tinto Exploration Canada in 2022 and acquiring properties from Denison Mines in 2016 and 2023, the latter of which constituted a related party transaction. In 2024, it acquired additional claims through an agreement with Eagle Plains Resources Ltd. This structure of JVs and options allows for diversified exploration funded largely by external partners.