Skyharbour Announces Brokered Private Placement for Gross Proceeds of Up to C$8.5 Million
Skyharbour Resources Ltd. (TSX-V: SYH) announced a brokered private placement of up to C$8.5 million. The company plans to issue a combination of flow-through units and non-flow-through units at a price of C$0.45 per unit. Each flow-through unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant. The placement will be led by Canaccord Genuity Corp. and Sprott Capital Partners LP, acting as co-lead agents.
The funds raised through this private placement will be used for exploration activities at Skyharbour’s flagship Moore Uranium Project, located in the Athabasca Basin in Saskatchewan, Canada. The Moore Project is strategically situated near high-grade uranium mines and projects, making it an attractive target for further exploration and development.
Skyharbour is focused on the acquisition and exploration of high-grade uranium properties in Canada’s Athabasca Basin, which is known for its world-class uranium deposits. The company’s management team has a proven track record of success in exploration and discovery in the uranium sector, giving investors confidence in the potential of Skyharbour’s projects.
Through this private placement, Skyharbour is well-positioned to advance its exploration efforts at the Moore Uranium Project and unlock the value of its high-grade uranium assets. The company’s strategic partnership with leading brokerages such as Canaccord Genuity Corp. and Sprott Capital Partners LP reaffirms investor confidence in Skyharbour’s potential for significant exploration success in one of the most prolific uranium regions in the world.
Investors looking to capitalize on the growing demand for clean energy sources, such as nuclear power, may find Skyharbour Resources Ltd. to be an attractive investment opportunity. With a strong portfolio of uranium projects and a dedicated management team, Skyharbour is poised for success in the competitive uranium exploration sector.
