BULLETIN V2025-4150
SKYHARBOUR RESOURCES LTD. ("SYH")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 18, 2025
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Re-Purchase Agreement dated November 14, 2025 (the "Agreement") between Skyharbour Resources Ltd. (the "Company") and a non-arm's length party, Denison Mines Corp. (the "Purchaser"), to dispose of partial percentage interests (ranging from 20% to 70%) in the various claims comprising the Russell Lake Uranium Project (the "Property").
Under the terms of the Agreement, the Purchaser will pay initial consideration of CAD $18,000,000 to the Company (CAD $2,000,000 paid upon execution and CAD $16,000,000 in cash or shares payable on or before December 31, 2025).
The Purchaser has also been granted options to earn up to a 70% interest in certain properties comprising the Property by incurring up to $40,000,000 in exploration expenditures and making additional cash payments.
The transaction is non-arm's length, and no finder's fees are payable.
For further details, please refer to the Company's news releases dated November 16, 2025, November 17, 2025, and December 17, 2025, available on SEDAR+.
_______________________________________
|
|
