Skyharbour Resources Ltd.
Launches Largest-Ever Annual Drill Program Amid Bullish Uranium Backdrop
Published: 7/2/2025
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:SYH.V - TSX.V 🔹SYHBF - OTCQX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.33 |
| Fair Value | CAD $1.01 |
| Risk | 5 |
| 52 Week Range | CAD $0.28-0.51 |
| Shares O/S (M) | 204 |
| Market Cap. (M) | CAD $67 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 1.6 |
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Report Highlights
- Uranium prices are up 22% in the past three months to US$78/lb. The Sprott Physical Uranium Trust (TSX: U-UN), the world’s largest physical uranium investment fund, recently closed a US$200M financing to acquire more physical uranium, signaling strong demand and bullish sentiment for prices.
- Meanwhile, the Trump administration is pushing to revive the U.S. nuclear sector by fast-tracking domestic uranium projects.
- Meta (NASDAQ: META) just announced a 20-year deal to secure nuclear power for its AI and data centers. It joins tech giants like Google (GOOGL), Microsoft (MSFT), and Amazon (AMZN), who have already signed similar agreements to ensure a sustainable energy supply for their expanding operations. We believe rising uranium demand, and supply chain risks, especially with Russia producing 35% of global enriched uranium, are driving renewed investor optimism in the industry.
- SYH has commenced its largest-ever annual drill campaign, with fully funded, multi-phase programs underway at its two flagship projects: Russell Lake and Moore. The campaign includes 35
