Highlights
- We SYH has expanded its portfolio by acquiring/staking nine uranium properties, including a property from Denison Mines (TSX: DML). Currently, SYH’s land package consists of 504k hectares across 24 properties, representing one of the largest portfolios among uranium juniors in Canada.
- SYH is pursuing a maiden drill program (10,000 m) at the Russell Lake project (optioned from Rio Tinto/NYSE: RIO) to test several targets identified through historic exploration and drilling.
- A 2022 drill campaign at its flagship Moore Lake project encountered lower than expected uranium grades. Management plans to conduct a follow-up drill program within the next 12 months, before completing a maiden resource estimate.
- Option partners are actively advancing their projects. SYH is expecting payments totaling $2.5M in cash and shares over the next 12 months from partners.
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