One of my highlighted companies from VRIC 2025 was uranium prospect generator/explorer Skyharbour Resources (SYH.V), and my focus on them couldn’t have come at a better time: SYH is set to carry out its largest annual drilling campaign to date, totaling 16,000 to 18,000 metres across its Russell Lake and Moore Uranium Projects in Saskatchewan.
The fully funded program involves 35 to 45 drill holes, focusing on high-priority targets to uncover high-grade uranium mineralization.
The company also expects additional exploration news from its joint ventures and optioned projects in the Athabasca Basin, further solidifying its position in the uranium sector.
But if I know my Equity Guru audience, the last thing you nerds want is a dry technical explanation of what SYH has planned, so let’s do it Buzzfeed style, with:
Three Lists That’ll Make You Wanna Buy SYH Stock (and a formatting style that’ll drive you crazy!).
5 Interesting Highlights from the Skyharbour News
- Largest Drilling Campaign in Skyharbour’s History:
- The 2025 drill program represents the company’s largest annual campaign, which is saying something since they have 36 projects under their banner. This ambitious initiative is fully funded, ensuring steady progress and updates throughout the year, without having to put their hand out to financiers.
- Strategic Projects with High-Grade Uranium Potential:
- The campaign focuses on the Russell Lake and Moore Uranium Projects, both situated in Canada’s prolific Athabasca Basin, which is globally recognized for high-grade uranium deposits. Key targets, such as the Fork Zone at Russell Lake, already show promising intercepts, like 0.721% U3O8 over 2.5 metres, including 3.0% U3O8 over 0.5 metres.
- Collaboration with Industry Giants:
- Russell Lake is majority-owned and operated by Skyharbour, with the gigantic Rio Tinto Exploration Canada Inc. as a joint venture partner. This partnership brings expertise and adds credibility to the project. In short, if Skyharbour can attract Rio Tinto, there’s no boardroom it can’t walk into.
- Multi-Phase Exploration Program with Road Accessibility:
- The drill program is divided into phases to follow up on prior successes and test new targets, but the kicker here is none of these sites are overly remote. With road-accessible sites and an established exploration camp, the company benefits from reduced logistics costs and efficient operations. Translated: Employees can go get a burger afterwards without taking an ice plane to do so.
- Expansive Portfolio and Partnership-Driven Growth:
- Beyond Russell Lake and Moore, Skyharbour manages 36 uranium projects covering over 614,000 hectares in the Athabasca Basin. The company’s prospect generator model supports multiple joint ventures, with $36 million in partner-funded exploration expenditures, providing diverse revenue streams. That brings in 7-figure royalties every year, with heavily reduced exploration costs. That rapidly deflating sound you hear? That’s ‘risk.’
4 Strengths of Skyharbour Resources (SYH) (You Wont Believe #4!):
- Strategic Positioning in the Uranium Market:
- The company holds significant assets in Canada’s Athabasca Basin, which is globally recognized for high-grade uranium deposits. Skyharbour’s flagship projects, Russell Lake and Moore, are strategically located near major uranium operations, enhancing their discovery potential, and helping keep costs down.
- Fully Funded Exploration Program:
- Skyharbour has secured funding for its 2025 drilling campaign, which reduces financial risk and ensures uninterrupted exploration partnership and Joint Ventures:
- The company utilizes a “Prospect Generator” model, which minimizes equity dilution by leveraging partnerships to fund exploration. Joint ventures with leading players like Rio Tinto and Denison Mines add credibility and resources, and their portfolio offers continual options to add revenue:
- Market Fundamentals:
- The global shift towards nuclear energy as a clean energy source, especially in the era of AI, coupled with rising uranium demand and a looming supply shortfall, positions Skyharbour well for future growth. If the world marches to war, uranium is an important need. And if it doesn’t, tech growth will require ongoing increases in available power, which will also bring the need for more uranium.
- Revenue Opportunities:
- Skyharbour can make money by selling projects in a thriving uranium market, by bringing in big partners to cover exploration costs, by licensing properties to other players in return for cash and royalties, and by exploring their own land and moving properties closer to production.
- Failing that, there’s the chance a larger player can simply come in and buy SYH, rather than negotiating a deal. At an $80m market cap currently, that’s an ongoing option.
5 More Reasons Why Skyharbour Resources (SYH) Is an Interesting Investment – and one bonus!
- Aggressive Exploration:
- The 2025 campaign is a full throated roar that the company believes this will be a big uranium market year.
- High-Grade Discoveries:
- Past drilling results at Moore include uranium grades as high as 6.0% U3O8 over 5.9 metres and 20.8% U3O8 over 1.5 metres, showcasing significant potential for high-value deposits, and indicates they’re sitting on the best pick of the litter.
- Strategic Location:
- Projects are situated in Saskatchewan’s Athabasca Basin, one of the world’s most prolific uranium mining regions, surrounded by industry giants like Cameco and Denison Mines. This means, no shortage of power, water, roads, equipment, employees, and townies who love the mining industry. Why get your yellowcake from former Soviet states when you could truck it in from the prairies?
- Fully Funded Campaign:
- The entire 2025 drilling program is already financed, reducing financial uncertainty and ensuring uninterrupted progress. Everyone else is asking for money, while SYH is earning bank interest and able to pounce on opportunities.
- Multiple Partners:
- You think you do good due diligience? Imagine what Skyharbour goes through when negotiating joint ventures and option agreements with monster companies including Denison Mines, Orano Canada, Rio Tinto, and Mustang Energy. Those guys don’t go into business with hosers.
- BONUS: They got History:
- The Russell Lake project has newly identified targets (e.g., Fork Zone and M-Zone Extension) with potential high-grade uranium mineralization, which is great, but they’re aso supported by limited but promising historical data. Geos have walked this land before and only now is it getting the attention it warrants.
3 Risks or Areas for Improvement
- Netflix documentaries
- The uranium market slumps whenever a new Chernobyl documentary comes out and makes people think there’ll never be another nuclear power plant commissioned, but let’s be honest – that story is probably played out for another few years at least, and new nuclear is now about the greenest and safest energy out there.
- Lack of Artificial Intelligence
- Let’s be honest, if Skyharbour figured out a way to [put AI in tis name, it’d be a $300m company right now. Their insistence on only doing the work they’re qualified to do SERIOUSLY damages their market cred on Reddit.
- Babies in the Boardroom
- CEO Jordan Trimble is not a middle aged balding white dude, and that’s a real differentiator between Skyharbour and its competition. By having a younger executive in charge of proceedings, SYH runs the risk of being relevant, which puts it in unknown territory compared to its neighbours.
In all seriousness, we’ve had Skyharbour as a client several times over the years, so you can call us conflicted it you like. Doesn’t change the fact this is perhaps the most obviously geared for growth uranium explorer between $50m and $500m. When uranium kickstarts again, and all the macroeconomic pointers suggest it will, SYH will be the pobvious first place to visit for majors looking for new ground, mid-level players looking for partners, and smaller players looking for a quality plot to dig into.
Not a client, but it’s on our watchlist, and we mention it to you out of respect to our audience, and the company, being as it has a long history of growth, non-dilution, and hitting its milestones.
— CHRIS PARRY
FUKL DISCLOSURE: As mentioned, no dog in the fight, other than we dig the guys who do it right.
