Skyharbour Completes Majority Earn-In and Forms Joint-Venture with Rio Tinto at Russell Lake Uranium Project in the Athabasca Basin [Financial Post (Toronto, Ontario, Canada)]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Financial Post
Vancouver, BC, Oct. 23, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF (Frankfurt: SC1P (the “Company”) is pleased to announce that it has completed its earn-in requirements to earn a 51% interest in the Russell Lake Uranium Project, located in Northern Saskatchewan, Canada (the “Property”), pursuant to the option agreement dated May 10 th , 2022, as amended on January 15, 2024 (the “Agreement”) with Rio Tinto Exploration Canada Inc. (“Rio Tinto”). The Project is strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan adjacent to regional infrastructure, including an all-weather road and powerline. Skyharbour will also be commencing an upcoming fall drill program which will consist of approximately 4,000-5,000m at the project. Russell Lake Project Location Map: http://www.skyharbourltd.com/_resources/images/SKY-RussellLake-20220325-Inset.jpg Formation of the JV: Pursuant to the Agreement, Skyharbour ha
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