Top Reasons to Jump Back into Uranium Stocks February 03, 2022 - Baystreet.ca Uranium stocks could regain a healthy glow. According to Cameco President and CEO Tim Gitzel, as quoted by World Nuclear News, “Increasing demand for nuclear means increasing demand for uranium, which brings us to the second factor that is driving our growing optimism - demand for uranium is rising at precisely the same time that supply is becoming less certain. We know that utilities have not been replacing what they consume annually under long-term contracts. This has led to a growing wedge of uncovered uranium requirements." That could be a strong catalyst for companies such as Skyharbour Resources Ltd. (TSXV:SYH) (OTCQB:SYHBF), Cameco Corporation (TSX:CCO)(NYSE:CCJ), NexGen Energy Ltd. (TSX:NXE)(NYSE:NXE), Uranium Energy Corp. (NYSE:UEC), and Energy Fuels Inc. (NYSE:UUUU)(TSX:EFR). “The world needs to discover, develop, commission about six McArthur Rivers or Cigar Lakes in the next 15 years. Given the timelines it takes, we should be investing now," he added. Look at Skyharbour Resources Ltd. (TSXV:SYH)(OTCQB:SYHBF), For Example Skyharbour Resources Ltd. announced the results of the final six holes from its 2021 summer/fall diamond drilling program at its 100% owned Moore Uranium Project. The project comprises 35,705 hectares approximately 15 kilometres east of Denison Mine’s Wheeler River Project, and is proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. Drill hole ML21-19 extended the northern extent of the high-grade uranium mineralization at the Maverick East Zone and intersected a broad zone of uranium mineralization consisting of 0.54% U3O8 over 19.5 metres including 4.0 metres of 2.07% U3O8. Furthermore, plans for an upcoming, fully-funded, minimum 2,500 metre winter drilling program are nearing completion with the program expected to commence shortly. Moore Uranium Project Claims Map: http://skyharbourltd.com/_resources/maps/MooreLakeRegionalTenure.jpg Highlights:- Maverick East Zone hole ML21-19 successfully intersected a wide interval of 19.5 metres of 0.54% U3O8 from 269.5 metres to 289.0 metres down-hole including 4.0 metres of 2.07% U3O8 from 276.0 metres to 280.0 metres. This broad zone of uranium mineralization is hosted by clay altered sandstone and graphitic pelitic gneiss straddling the unconformity. The hole was designed to test the up-dip edge of the Maverick East Zone northeast of previously reported hole ML20-05 which returned 9.5 metres of 0.23% U3O8.- Hole ML21-18 was drilled down-dip of previously reported hole ML-47 which intersected 9.0 metres grading 0.30% U3O8. This hole intersected two zones of mineralization consisting of 0.11% U3O8 over a 4.5 metre interval in graphitic pelitic basement rocks immediately below the unconformity at 277.4 metres and a second similar zone of mineralization grading 0.15% U3O8 from 288.4 metres to 289.9 metres downhole in the basement rocks.- Other highlight drill results from the program include previously reported hole ML21-03 which returned 2.54% U3O8 over 6.0 metres from 276.0 metres to 282.0 metres including 6.80% U3O8 over 2.0 metres, as well as hole ML21-13 which returned 0.99% U3O8 over 5.7 metres from 270 metres to 275.7 metres including an interval of 1.51% U3O8 over 2.5 metres.- Plans for an upcoming, minimum, 2,500 metre winter drilling program are nearing completion with drilling planned for follow-up at the Maverick East Zone and the Viper target area, which is along the 4.7 km Maverick Structural corridor, as well as additional drilling at the relatively new Grid 19 target area. This fully-funded program will commence shortly and will be the first of several planned drill programs this year.- Substantial portions of the 4.7 kilometre long Maverick corridor remain to be systematically drill tested leaving robust discovery potential along strike as well as at depth in the basement rocks.- The drill crew is currently establishing access to the new Grid 19 target area where highly prospective geochemistry and basement lithologies were intersected on the Slice Pond Conductor. Jordan Trimble, President and CEO of Skyharbour Resources, states: “This was a very successful drill program at our Moore Uranium Project. In addition to discovering some of the highest grade, basement-hosted mineralization to date at the project, we continue to intersect wide intervals of continuous mineralization straddling the unconformity at the Maverick East Zone. We also made significant progress at regional targets and plan to follow up on these findings in upcoming drill programs this year including a winter program slated to commence shortly. Skyharbour is very well positioned to benefit from the accelerating uranium market recovery with increasing demand in the backdrop of a strained supply side as the world continues to reduce carbon emissions from electricity generation through the use of nuclear energy. Skyharbour offers robust discovery potential at its project base coupled with ample upcoming news flow from the continued drilling at Moore as well as at partner-funded projects. Several of these partner companies have recently commenced drill programs totalling approx. 8,500 metres including Azincourt Energy at the East Preston Project and Valore Resources at the Hook Lake Project, while other partner companies have announced plans for upcoming exploration and drill programs at their respective optioned projects.” Summary of Summer / Fall 2021 Drilling Program: Drilling on the Moore Uranium Project over the summer and fall of 2021 totaled 6,598 metres in nineteen holes. Thirteen holes (ML21-01 to 05 and ML21-12 to 19) were drilled on the Maverick East Zone, three holes were drilled on the Esker Target (ML21-06, 10, 11) and three additional holes were drilled on the Grid 19 target conductors (ML21-07 to 09). Results from ML21-01 to ML21-13 have been previously reported in news releases dated September 14th and November 10th, 2021. All of the results from the 2021 drilling program have now been received from SRC Geoanalytical Laboratories in Saskatoon and have been compiled and interpreted. Moore Uranium Project Regional Grid Targets Map: http://skyharbourltd.com/_resources/maps/Moore-Lake-Property-Wide.jpg Geological Description of Remaining Drill Results: Drill hole ML21-14 was drilled to further establish the geometry of the eastern end of the Maverick East Zone. The hole was drilled as a down-plunge and down-dip test of the basement mineralization in previously reported hole ML20-13 which intersected 11.3 metres of 0.24% U3O8. Hole ML21-04 intersected intensely faulted and bleached sandstone overlying clay altered and faulted graphitic pelitic gneiss and granite. The hole also returned highly anomalous B (≤2860 ppm), Ni (≤1840 ppm), Co (≤461 ppm), Cu (≤1190 ppm) and U (≤301 ppm) from the graphitic lithologies. Moore Uranium Project Maverick East Zone Drilling Map:https://www.skyharbourltd.com/_resources/images/Moore-2021-Maverick-East-Main-Maverick-Drilling.jpg Drill hole ML21-15 was drilled as a follow-up to historical hole ML-533, which had significantly deviated from its original target 25 metres along strike of the currently defined Maverick East Zone. Hole ML21-15 intersected an intensely bleached and faulted sandstone package overlying clay altered granitic gneiss with highly anomalous B (≤2690 ppm) in the basal portion of the sandstone column. Hole ML21-16 was one of three holes (ML21-16 to ML21-18) drilled to establish linkages and extensions between the Maverick Main and Maverick East Zones. Hole ML21-16 was drilled 5.0 metres north of historic hole ML-47 which returned a mineralized interval of 9.0 metres of 0.30% U3O8. Hole ML21-16 intersected an intensely bleached and faulted sandstone package overlying clay altered to replaced granitic gneiss. The hole returned highly anomalous B (≤2470 ppm) in the basal portion of the sandstone column as well as anomalous Pb (≤493 ppm) in the underlying granitic gneiss. Hole ML21-17, the second of the three holes, was drilled 5 metres north of historic hole ML-25, which returned 9.1 metres of 0.62% U3O8, on the eastern end of the Maverick Main Zone. The hole intersected intensely bleached and faulted sandstone overlying mineralized and clay altered to replaced granitic gneiss. Hole ML21-17 returned an interval of uranium mineralization grading 0.28% U3O8 over 2.0 metres from 274.6 metres to 276.6 metres immediately below the unconformity. The mineralization lies within clay replaced granitic rocks and is accompanied by highly anomalous Ni (≤331 ppm), Pb (≤1730 ppm) and Cu (≤410 ppm), with the overlying sandstone highly anomalous in B (≤2410 ppm). Hole ML21-18 was the final hole designed to establish the linkage between the Maverick Main and Maverick East Zones. Hole ML21-18 was drilled 5.0 metres south of historic hole ML-47 which returned a mineralized interval of 9.0 metres of 0.30% U3O8. The hole intersected an intensely bleached and faulted sandstone column overlying clay altered to replaced graphitic pelitic and granitic gneiss. Hole ML21-18 returned a 4.5 metres wide interval of uranium mineralization grading 0.11% U3O8 immediately below the unconformity from 277.4 metres to 281.9 metres depth. A second mineralized interval of 0.15% U3O8 over 1.5 metres was intersected between 288.4 metres and 289.9 metres downhole. The mineralization in both intervals was entirely hosted by clay altered to replaced pelitic gneiss and granite, and was accompanied by anomalous B (≤3930 ppm), Ni (≤605 ppm), Pb (≤376 ppm) and Co (≤214 ppm). The final hole, ML21-19, tested an area of ambiguous geology northeast of hole ML21-05, lying between high grade intercepts in previously reported hole ML-202 (11.5 metres of 1.79% U3O8) and hole ML19-06 (12.0 metres of 0.62% U3O8.). This hole has further established the relationships and complexity of the geology and structure within the area, and illustrates the up-dip potential of the Maverick East Zone in this area. A mineralized interval comprising 19.5 metres of 0.54% U3O8 was intersected from 269.5 metres to 289.0 metres down-hole including 4.0 metres of 2.07% U3O8, from 276.0 metres to 280.0 metres. The unconformity occurs at 278.5 metres depth within the hole, and it intersected the typical intensely bleached and faulted sandstone column overlying clay altered to replaced graphitic pelitic and granitic gneiss. The uranium mineralization straddles the unconformity and is accompanied by highly anomalous Ni (≤2140 ppm), Co (≤756 ppm), Pb (≤1760 ppm) and B (≤11,600 ppm). Moore Uranium Project Overview: In June 2016, Skyharbour secured an option to acquire Denison Mine's Moore Uranium Project, on the southeastern side of the Athabasca Basin, in northern Saskatchewan and has fulfilled its earn in. The project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometres northeast of the Key Lake mill, approx. 15 kilometres east of Denison’s Wheeler River project, and 39 kilometres south of Cameco’s McArthur River uranium mine. Unconformity style uranium mineralization was discovered on the Moore Project at the Maverick Zone in April 2001. Historical drill highlights include 4.03% eU3O8 over 10 metres including 20% eU3O8over 1.4 metres, and in 2017, Skyharbour announced drill results including 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. In addition to the Maverick Zone, the project hosts other mineralized targets with strong discovery potential which the Company plans to test with future drill programs. The project is fully accessible via winter and ice roads which simplifies logistics and lowers costs. Large proportions of the property are accessible in the summer as well. Moore Lake Uranium Project Geophysics Map:http://skyharbourltd.com/_resources/maps/MooreLake-Basic-geo-revamp.jpg Other related developments from around the markets include: Cameco Corporation will issue its fourth quarter results before markets open on Wednesday, February 9, 2022. Cameco invites investors and the media to join its fourth quarter conference call with the company's senior executives on Wednesday, February 9, 2022 at 8:00 a.m. Eastern. Cameco will discuss trends in the market and the execution of its strategy before opening the call to questions from investors and the media. NexGen Energy Ltd. announced radioactivity results and the completion of the 2021 field programs that focused on exploration and a detailed geotechnical site confirmation program at the Arrow Deposit at the 100% owned, Rook I property, in the AthabascaBasin, Saskatchewan. The 2021 exploration program completed 18 drill holes for a total of 10,849.04 m of which 6,400.31 m targeted electromagnetic conductors (conductors) that neighbour the one hosting Arrow and 4,448.73 m targeted significantly below the current Arrow Deposit. Leigh Curyer, Chief Executive Officer, commented: "The 2021 exploration results have confirmed the unprecedented prospectivity for discovery of additional Arrow type mineralization zones at Rook I, particularly, considering the limited number of holes completed during the short season as a consequence of the pandemic. In addition, the site geotechnical confirmation drilling has confirmed the highly competent ground conditions for development and operation, which have been incorporated into the Environmental Impact Study scheduled for completion this quarter. NexGen is entering a very exciting 2022 with the stage of Rook I's development, continued exploration of numerous targets and initiation of site-based infrastructure activities, during a time the global population is recognizing the significant importance of nuclear energy in providing baseload clean air energy." Uranium Energy Corp. announced that on January 31st, 2022, the Company repaid the remaining $10 million balance of its secured credit facility and is now completely debt free. As of February 2, 2022, the Company holds approximately $125 million of cash and liquid assets and has no debt. Amir Adnani, President and CEO stated: “Over the last twelve months we’ve executed on a strategy to grow UEC’s resources and production capacity, while improving our financial flexibility. These goals were accomplished through the accretive acquisition of Uranium One, the establishment of one of the largest physical portfolios of U.S. domiciled uranium, and the strengthening of the balance sheet, including the milestone to become debt free. Our expanded U.S. In-Situ-Recovery (“ISR”) production profile of 6.5M pounds per year, in the stable jurisdictions of Texas and Wyoming, is underpinned by seven fully permitted projects and further de-risked by virtue of our two licensed and built processing plants. Our production-ready assets are shielded against inflationary pressures that would otherwise be evident in building new facilities today. In sum, all of these factors, combined with our balance sheet strength, positions UEC as the leading U.S. based uranium company.” Energy Fuels Inc. announced the execution of a Memorandum of Understanding with Nanoscale Powders LLC for the development of a novel technology for the production of rare earth element metals. We believe this Technology, which was initially developed by NSP, and will be advanced by the Company and NSP working together, has the potential to revolutionize the rare earth metal making industry by reducing costs of production, reducing energy consumption, and significantly reducing greenhouse gas emissions. Producing REE metals and alloys is a key step in a fully integrated REE supply chain, after production of separated REE oxides and before the manufacture of neodymium iron boron magnets used in electric vehicles, wind generation and other clean energy and advanced technologies. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Skyharbour Resources Ltd. by Skyharbour Resources Ltd. We own ZERO shares of Skyharbour Resources Ltd. Please click here for full disclaimer. Contact Information: 2818047972[email protected]
Top Reasons to Jump Back into Uranium Stocks February 03, 2022 - Baystreet.ca Uranium stocks could regain a healthy glow. According to Cameco President and CEO Tim Gitzel, as quoted by World Nuclear News, “Increasing demand for nuclear means increasing demand for uranium, which brings us to the second factor that is driving our growing optimism - demand for uranium is rising at precisely the same time that supply is becoming less certain. We know that utilities have not been replacing what they consume annually under long-term contracts. This has led to a growing wedge of uncovered uranium requirements." That could be a strong catalyst for companies such as Skyharbour Resources Ltd. (TSXV:SYH) (OTCQB:SYHBF), Cameco Corporation (TSX:CCO)(NYSE:CCJ), NexGen Energy Ltd. (TSX:NXE)(NYSE:NXE), Uranium Energy Corp. (NYSE:UEC), and Energy Fuels Inc. (NYSE:UUUU)(TSX:EFR). “The world needs to discover, develop, commission about six McArthur Rivers or Cigar Lakes in the next 15 years. Given the timelines it takes, we should be investing now," he added. Look at Skyharbour Resources Ltd. (TSXV:SYH)(OTCQB:SYHBF), For Example Skyharbour Resources Ltd. announced the results of the final six holes from its 2021 summer/fall diamond drilling program at its 100% owned Moore Uranium Project. The project comprises 35,705 hectares approximately 15 kilometres east of Denison Mine’s Wheeler River Project, and is proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. Drill hole ML21-19 extended the northern extent of the high-grade uranium mineralization at the Maverick East Zone and intersected a broad zone of uranium mineralization consisting of 0.54% U3O8 over 19.5 metres including 4.0 metres of 2.07% U3O8. Furthermore, plans for an upcoming, fully-funded, minimum 2,500 metre winter drilling program are nearing completion with the program expected to commence shortly. Moore Uranium Project Claims Map: http://skyharbourltd.com/_resources/maps/MooreLakeRegionalTenure.jpg Highlights:- Maverick East Zone hole ML21-19 successfully intersected a wide interval of 19.5 metres of 0.54% U3O8 from 269.5 metres to 289.0 metres down-hole including 4.0 metres of 2.07% U3O8 from 276.0 metres to 280.0 metres. This broad zone of uranium mineralization is hosted by clay altered sandstone and graphitic pelitic gneiss straddling the unconformity. The hole was designed to test the up-dip edge of the Maverick East Zone northeast of previously reported hole ML20-05 which returned 9.5 metres of 0.23% U3O8.- Hole ML21-18 was drilled down-dip of previously reported hole ML-47 which intersected 9.0 metres grading 0.30% U3O8. This hole intersected two zones of mineralization consisting of 0.11% U3O8 over a 4.5 metre interval in graphitic pelitic basement rocks immediately below the unconformity at 277.4 metres and a second similar zone of mineralization grading 0.15% U3O8 from 288.4 metres to 289.9 metres downhole in the basement rocks.- Other highlight drill results from the program include previously reported hole ML21-03 which returned 2.54% U3O8 over 6.0 metres from 276.0 metres to 282.0 metres including 6.80% U3O8 over 2.0 metres, as well as hole ML21-13 which returned 0.99% U3O8 over 5.7 metres from 270 metres to 275.7 metres including an interval of 1.51% U3O8 over 2.5 metres.- Plans for an upcoming, minimum, 2,500 metre winter drilling program are nearing completion with drilling planned for follow-up at the Maverick East Zone and the Viper target area, which is along the 4.7 km Maverick Structural corridor, as well as additional drilling at the relatively new Grid 19 target area. This fully-funded program will commence shortly and will be the first of several planned drill programs this year.- Substantial portions of the 4.7 kilometre long Maverick corridor remain to be systematically drill tested leaving robust discovery potential along strike as well as at depth in the basement rocks.- The drill crew is currently establishing access to the new Grid 19 target area where highly prospective geochemistry and basement lithologies were intersected on the Slice Pond Conductor. Jordan Trimble, President and CEO of Skyharbour Resources, states: “This was a very successful drill program at our Moore Uranium Project. In addition to discovering some of the highest grade, basement-hosted mineralization to date at the project, we continue to intersect wide intervals of continuous mineralization straddling the unconformity at the Maverick East Zone. We also made significant progress at regional targets and plan to follow up on these findings in upcoming drill programs this year including a winter program slated to commence shortly. Skyharbour is very well positioned to benefit from the accelerating uranium market recovery with increasing demand in the backdrop of a strained supply side as the world continues to reduce carbon emissions from electricity generation through the use of nuclear energy. Skyharbour offers robust discovery potential at its project base coupled with ample upcoming news flow from the continued drilling at Moore as well as at partner-funded projects. Several of these partner companies have recently commenced drill programs totalling approx. 8,500 metres including Azincourt Energy at the East Preston Project and Valore Resources at the Hook Lake Project, while other partner companies have announced plans for upcoming exploration and drill programs at their respective optioned projects.” Summary of Summer / Fall 2021 Drilling Program: Drilling on the Moore Uranium Project over the summer and fall of 2021 totaled 6,598 metres in nineteen holes. Thirteen holes (ML21-01 to 05 and ML21-12 to 19) were drilled on the Maverick East Zone, three holes were drilled on the Esker Target (ML21-06, 10, 11) and three additional holes were drilled on the Grid 19 target conductors (ML21-07 to 09). Results from ML21-01 to ML21-13 have been previously reported in news releases dated September 14th and November 10th, 2021. All of the results from the 2021 drilling program have now been received from SRC Geoanalytical Laboratories in Saskatoon and have been compiled and interpreted. Moore Uranium Project Regional Grid Targets Map: http://skyharbourltd.com/_resources/maps/Moore-Lake-Property-Wide.jpg Geological Description of Remaining Drill Results: Drill hole ML21-14 was drilled to further establish the geometry of the eastern end of the Maverick East Zone. The hole was drilled as a down-plunge and down-dip test of the basement mineralization in previously reported hole ML20-13 which intersected 11.3 metres of 0.24% U3O8. Hole ML21-04 intersected intensely faulted and bleached sandstone overlying clay altered and faulted graphitic pelitic gneiss and granite. The hole also returned highly anomalous B (≤2860 ppm), Ni (≤1840 ppm), Co (≤461 ppm), Cu (≤1190 ppm) and U (≤301 ppm) from the graphitic lithologies. Moore Uranium Project Maverick East Zone Drilling Map:https://www.skyharbourltd.com/_resources/images/Moore-2021-Maverick-East-Main-Maverick-Drilling.jpg Drill hole ML21-15 was drilled as a follow-up to historical hole ML-533, which had significantly deviated from its original target 25 metres along strike of the currently defined Maverick East Zone. Hole ML21-15 intersected an intensely bleached and faulted sandstone package overlying clay altered granitic gneiss with highly anomalous B (≤2690 ppm) in the basal portion of the sandstone column. Hole ML21-16 was one of three holes (ML21-16 to ML21-18) drilled to establish linkages and extensions between the Maverick Main and Maverick East Zones. Hole ML21-16 was drilled 5.0 metres north of historic hole ML-47 which returned a mineralized interval of 9.0 metres of 0.30% U3O8. Hole ML21-16 intersected an intensely bleached and faulted sandstone package overlying clay altered to replaced granitic gneiss. The hole returned highly anomalous B (≤2470 ppm) in the basal portion of the sandstone column as well as anomalous Pb (≤493 ppm) in the underlying granitic gneiss. Hole ML21-17, the second of the three holes, was drilled 5 metres north of historic hole ML-25, which returned 9.1 metres of 0.62% U3O8, on the eastern end of the Maverick Main Zone. The hole intersected intensely bleached and faulted sandstone overlying mineralized and clay altered to replaced granitic gneiss. Hole ML21-17 returned an interval of uranium mineralization grading 0.28% U3O8 over 2.0 metres from 274.6 metres to 276.6 metres immediately below the unconformity. The mineralization lies within clay replaced granitic rocks and is accompanied by highly anomalous Ni (≤331 ppm), Pb (≤1730 ppm) and Cu (≤410 ppm), with the overlying sandstone highly anomalous in B (≤2410 ppm). Hole ML21-18 was the final hole designed to establish the linkage between the Maverick Main and Maverick East Zones. Hole ML21-18 was drilled 5.0 metres south of historic hole ML-47 which returned a mineralized interval of 9.0 metres of 0.30% U3O8. The hole intersected an intensely bleached and faulted sandstone column overlying clay altered to replaced graphitic pelitic and granitic gneiss. Hole ML21-18 returned a 4.5 metres wide interval of uranium mineralization grading 0.11% U3O8 immediately below the unconformity from 277.4 metres to 281.9 metres depth. A second mineralized interval of 0.15% U3O8 over 1.5 metres was intersected between 288.4 metres and 289.9 metres downhole. The mineralization in both intervals was entirely hosted by clay altered to replaced pelitic gneiss and granite, and was accompanied by anomalous B (≤3930 ppm), Ni (≤605 ppm), Pb (≤376 ppm) and Co (≤214 ppm). The final hole, ML21-19, tested an area of ambiguous geology northeast of hole ML21-05, lying between high grade intercepts in previously reported hole ML-202 (11.5 metres of 1.79% U3O8) and hole ML19-06 (12.0 metres of 0.62% U3O8.). This hole has further established the relationships and complexity of the geology and structure within the area, and illustrates the up-dip potential of the Maverick East Zone in this area. A mineralized interval comprising 19.5 metres of 0.54% U3O8 was intersected from 269.5 metres to 289.0 metres down-hole including 4.0 metres of 2.07% U3O8, from 276.0 metres to 280.0 metres. The unconformity occurs at 278.5 metres depth within the hole, and it intersected the typical intensely bleached and faulted sandstone column overlying clay altered to replaced graphitic pelitic and granitic gneiss. The uranium mineralization straddles the unconformity and is accompanied by highly anomalous Ni (≤2140 ppm), Co (≤756 ppm), Pb (≤1760 ppm) and B (≤11,600 ppm). Moore Uranium Project Overview: In June 2016, Skyharbour secured an option to acquire Denison Mine's Moore Uranium Project, on the southeastern side of the Athabasca Basin, in northern Saskatchewan and has fulfilled its earn in. The project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometres northeast of the Key Lake mill, approx. 15 kilometres east of Denison’s Wheeler River project, and 39 kilometres south of Cameco’s McArthur River uranium mine. Unconformity style uranium mineralization was discovered on the Moore Project at the Maverick Zone in April 2001. Historical drill highlights include 4.03% eU3O8 over 10 metres including 20% eU3O8over 1.4 metres, and in 2017, Skyharbour announced drill results including 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. In addition to the Maverick Zone, the project hosts other mineralized targets with strong discovery potential which the Company plans to test with future drill programs. The project is fully accessible via winter and ice roads which simplifies logistics and lowers costs. Large proportions of the property are accessible in the summer as well. Moore Lake Uranium Project Geophysics Map:http://skyharbourltd.com/_resources/maps/MooreLake-Basic-geo-revamp.jpg Other related developments from around the markets include: Cameco Corporation will issue its fourth quarter results before markets open on Wednesday, February 9, 2022. Cameco invites investors and the media to join its fourth quarter conference call with the company's senior executives on Wednesday, February 9, 2022 at 8:00 a.m. Eastern. Cameco will discuss trends in the market and the execution of its strategy before opening the call to questions from investors and the media. NexGen Energy Ltd. announced radioactivity results and the completion of the 2021 field programs that focused on exploration and a detailed geotechnical site confirmation program at the Arrow Deposit at the 100% owned, Rook I property, in the AthabascaBasin, Saskatchewan. The 2021 exploration program completed 18 drill holes for a total of 10,849.04 m of which 6,400.31 m targeted electromagnetic conductors (conductors) that neighbour the one hosting Arrow and 4,448.73 m targeted significantly below the current Arrow Deposit. Leigh Curyer, Chief Executive Officer, commented: "The 2021 exploration results have confirmed the unprecedented prospectivity for discovery of additional Arrow type mineralization zones at Rook I, particularly, considering the limited number of holes completed during the short season as a consequence of the pandemic. In addition, the site geotechnical confirmation drilling has confirmed the highly competent ground conditions for development and operation, which have been incorporated into the Environmental Impact Study scheduled for completion this quarter. NexGen is entering a very exciting 2022 with the stage of Rook I's development, continued exploration of numerous targets and initiation of site-based infrastructure activities, during a time the global population is recognizing the significant importance of nuclear energy in providing baseload clean air energy." Uranium Energy Corp. announced that on January 31st, 2022, the Company repaid the remaining $10 million balance of its secured credit facility and is now completely debt free. As of February 2, 2022, the Company holds approximately $125 million of cash and liquid assets and has no debt. Amir Adnani, President and CEO stated: “Over the last twelve months we’ve executed on a strategy to grow UEC’s resources and production capacity, while improving our financial flexibility. These goals were accomplished through the accretive acquisition of Uranium One, the establishment of one of the largest physical portfolios of U.S. domiciled uranium, and the strengthening of the balance sheet, including the milestone to become debt free. Our expanded U.S. In-Situ-Recovery (“ISR”) production profile of 6.5M pounds per year, in the stable jurisdictions of Texas and Wyoming, is underpinned by seven fully permitted projects and further de-risked by virtue of our two licensed and built processing plants. Our production-ready assets are shielded against inflationary pressures that would otherwise be evident in building new facilities today. In sum, all of these factors, combined with our balance sheet strength, positions UEC as the leading U.S. based uranium company.” Energy Fuels Inc. announced the execution of a Memorandum of Understanding with Nanoscale Powders LLC for the development of a novel technology for the production of rare earth element metals. We believe this Technology, which was initially developed by NSP, and will be advanced by the Company and NSP working together, has the potential to revolutionize the rare earth metal making industry by reducing costs of production, reducing energy consumption, and significantly reducing greenhouse gas emissions. Producing REE metals and alloys is a key step in a fully integrated REE supply chain, after production of separated REE oxides and before the manufacture of neodymium iron boron magnets used in electric vehicles, wind generation and other clean energy and advanced technologies. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Skyharbour Resources Ltd. by Skyharbour Resources Ltd. We own ZERO shares of Skyharbour Resources Ltd. Please click here for full disclaimer. Contact Information: 2818047972[email protected]