Business
Skyharbour Resources Announces Exploration Agreement with English River First Nation
Vancouver, BC, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce
About this update from Skyharbour Resources Ltd.
[{"type":"text","content":" Vancouver, BC, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce the signing of an Exploration Agreement (the “Agreement”) with English River First Nation (\"ERFN\") for the Russell Lake and Moore Uranium Projects in respect of Skyharbour’s exploration and evaluation activities within the traditional territory of ERFN. Russell Lake and Moore Projects Location Map: The Agreement establishes a framework for a cooperative and mutually beneficial relationship between Skyharbour and ERFN whereby Skyharbour’s exploration and evaluation activities at Russell Lake and Moore are consented to by ERFN and Skyharbour agrees to support ERFN’s interests in relation to community development and benefits, environmental protection and monitoring, as well as sustainable and predictable consultation and engagement processes. Through this cooperative approach, the parties seek to build a strong and positive foundation for Skyharbour to proceed with its exploration and evaluation activities, in the traditional territory of ERFN, in a manner that is informed by and respects the rights and interests of ERFN. Jordan Trimble, President and CEO of Skyharbour Resources, commented: “We are very pleased to have finalized this Agreement with ERFN which formalizes Skyharbour’s effort to work with ERFN and provides consent and support for our current and future exploration activities at Russell Lake and Moore. Skyharbour is committed to responsible stewardship of the environment and we feel strongly that the future of both projects will be greatly enhanced through ERFN’s involvement.” Russell Lake Uranium Project Overview: The Russell Lake Project is a large, advanced-stage uranium exploration property totalling 73,294 hectares strategically located between Cameco’s Key Lake and McArthur River Projects and adjoining Denison’s Wheeler River Project to the west and Skyharbour’s Moore Uranium Project to the east. Highway 914, which services the McArthur River mine, runs through the western extent of the Property and greatly enhances accessibility. Similarly, a high-voltage powerline is situated alongside Highway 914. Skyharbour’s acquisition of Russell Lake creates a large, nearly contiguous block of...