The new uranium bull market is underway…
The profound impact of COVID-19 on the global uranium market, coupled with a renewed acceptance of nuclear as “clean, emission-free, reliable energy” has kicked off events that are already seeing the uranium spot-price — and related equities — ratcheting higher.
It simultaneously sent uranium stocks significantly higher in percentage terms with some like UEX Energy, Energy Fuels, Laramide Resources, and International Enexco delivering a few thousand to +100,000% returns.
France also just announced they’re going to be building a new generation of nuclear reactors for the first time in decades.
SMRs offer key advantages over traditional reactors such as relatively small physical footprints, reduced capital investment, ability to be sited in locations not possible for larger nuclear plants, and provisions for incremental power additions.
The formation of the Sprott Physical Uranium Trust is a big deal. In fact, we believe Sprott's 200,000-plus investors will look at this as a way to directly purchase physical pounds without having to take delivery, which Sprott will do for them.
With its own flagship project plus several additional high-potential properties being advanced by partners in the Athabasca Basin region, Skyharbour Resources Ltd. — currently trading around C$0.50 per share — represents an intriguing speculation in the North American uranium exploration space.
Moore is an advanced stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U3O8 over 5.9 metres, including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres.
Preston Uranium Project
The Preston project spans 49,635 hectares and is strategically located proximal to NexGen’s (TSX-V: NXE) high-grade Arrow uranium deposit and Fission Uranium’s (TSX: FCU) Patterson Lake South project, host to the high-grade Triple R deposit.
Mann Lake Uranium Project
Valor has announced a maiden drill program at Hook Lake starting in Q1 2022. The program is slated for 2,500 to 3,000 meters across 10 to 15 diamond drill holes in an area of the property that has returned highlight surface samples up to 59.2% U3O8.
Tallying up the numbers on these option and joint venture partnerships, Skyharbour is now looking at total exploration expenditures of approximately C$19.8 million, cash payments of just over C$10 million, and significant share positions in some of these partner companies.
Exclusive Interview: Jordan Trimble, CEO, Skyharbour Resources Ltd.
Led by president & CEO, Jordan Trimble, Skyharbour Resources has amassed an impressive portfolio of 14 drill-ready projects covering over 385,000 hectares in the famed Athabasca Basin region — oftentimes referred to as The Saudi Arabia of Uranium.