Uncovering Uranium: A Look into Skyharbour’s Latest Exploration Update at the Falcon Project, by Partner North Shore

About the Falcon Project

Vancouver, BC, Feb. 27, 2025 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”), is pleased to announce that its partner company, North Shore Uranium (“North Shore”), has provided an update on its Falcon property (“Falcon”) regarding the prioritization of target generation efforts. Falcon is located at the eastern margin of the Athabasca Basin in northern Saskatchewan. In its September 17, 2024, October 10, 2024, and November 13, 2024 news releases, North Shore summarized work being done at the West Bear and Falcon properties with three priority areas established at Falcon, Zones 1, 2, and 3. North Shore may acquire an initial 80% interest in Falcon by issuing common shares having an aggregate value of CAD $1,225,000, making aggregate cash payments of $525,000 to Skyharbour, and incurring an aggregate of $3,550,000 in exploration expenditures on the property over a three-year period.

Exploration Update at Falcon Project

North Shore Uranium, Skyharbour’s partner company, has been actively conducting exploration activities at the Falcon property in northern Saskatchewan. The company has been focusing on target generation efforts to identify potential areas of interest for uranium exploration. Through a series of news releases, North Shore has outlined the progress made at the Falcon project, particularly in Zones 1, 2, and 3.

Zone 1

Zone 1 at the Falcon project has shown promising signs of high-grade uranium mineralization based on recent exploration work. North Shore has been utilizing advanced technologies and geological analysis to pinpoint areas with high potential for uranium deposits. The company aims to further explore and develop Zone 1 to fully assess the mineralization and potential resource estimates.

Zone 2

Exploration activities in Zone 2 have also yielded positive results, indicating the presence of uranium mineralization in the area. North Shore’s systematic approach to exploration, coupled with the expertise of its team, has led to significant advancements in understanding the geology and mineral potential of Zone 2. Continued exploration efforts are planned to determine the extent of the mineralization and resource opportunities.

Zone 3

Zone 3 represents another key area of focus for North Shore at the Falcon project. Early exploration findings suggest the presence of uranium-bearing structures and geological formations that warrant further investigation. By implementing targeted exploration strategies and data analysis, North Shore aims to unlock the full potential of Zone 3 and expand its understanding of the uranium deposits in the region.

How This Update Will Affect Me

As an investor in Skyharbour Resources Ltd. or North Shore Uranium, this exploration update provides valuable insights into the progress and potential of the Falcon project. The advancements in target generation and exploration efforts indicate the companies’ commitment to unlocking the mineral wealth of the Athabasca Basin. Positive results from Zones 1, 2, and 3 could lead to increased investor confidence and potential returns on investment in the uranium sector.

How This Update Will Affect the World

The exploration activities at the Falcon project have broader implications for the world’s energy landscape. Uranium, as a key component in nuclear power generation, plays a crucial role in meeting global energy demands while reducing carbon emissions. The discovery of new uranium deposits and the development of mining projects, such as Falcon, contribute to the sustainability and diversification of the energy mix worldwide. The advancements in uranium exploration underscore the importance of nuclear energy in the transition towards a cleaner and more sustainable future.

Conclusion

In conclusion, Skyharbour’s latest exploration update at the Falcon project, by partner North Shore Uranium, represents a significant step towards uncovering the potential of uranium resources in northern Saskatchewan. The prioritization of target generation efforts in Zones 1, 2, and 3 reflects the companies’ proactive approach to exploration and resource development. As the exploration activities progress and new discoveries emerge, the Falcon project has the potential to make a lasting impact on the uranium sector and the global energy landscape. Stay tuned for further updates on this exciting endeavor.