QBie™ Spotlight sits down with Jordan Trimble, President & CEO of Skyharbour Resources Ltd. (OTCQB: SYHBF), to discuss one of the OTCQB’s newest additions. SYHBF joined the OTCQB on December 5th of this year.

What does Skyharbour Resources do?

Jordan Trimble (President & CEO – OTCQB: SYHBF): “Skyharbour Resources (TSX-V: SYH; OTCQB: SYHBF) is a preeminent uranium and thorium exploration Company with projects located in the prolific Athabasca Basin of Saskatchewan, Canada which is one of the most favourable jurisdictions globally to work in. The Company has been acquiring top-tier exploration projects at attractive valuations culminating in five uranium properties totaling over 600,000 acres strategically located throughout the Basin and is employing the prospect generator model to advance its project base. In July 2016, Skyharbour secured an option from Denison Mines (TSX: DML; NYSE MKT: DNN), the Company’s largest strategic shareholder, to acquire a 100% interest in the Moore Lake Uranium Project which hosts the high grade Maverick Zone with historical drill results returning 4% U3O8 over 10 meters at 260 meters depth. The Company is run by a strong management team who are major shareholders with extensive capital markets experience as well as focused uranium exploration expertise in the Basin. Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Skyharbour provides investors with investment exposure to potential new uranium deposit discoveries as well as to the uranium market as a whole.”

What is the next big goal SYHBF is trying to accomplish/what should we keep an eye out for?  

Jordan Trimble: “Upcoming key catalysts for Skyharbour include drill programs at the flagship uranium property Moore Lake. These exploration drill programs will serve to create shareholder value by advancing the project through further delineation of known mineralized uranium zones as well as through new potential discoveries. Upcoming drill programs at the Moore Lake Uranium Project will focus in and around the high grade Maverick Zone where previous drilling returned 4.03% U3O8 over 10 metres at 265 metres depth. In addition to the Maverick Zone, the project hosts other mineralized targets with strong discovery potential which the Company plans to test in upcoming drill programs.

Skyharbour has 5 uranium projects totaling over 600,000 acres strategically located throughout the Athabasca Basin. The projects offer significant discovery potential and the company is looking to emulate the recent success of other Basin discoveries including those at Nexgen’s Rook Project, Fission’s PLS Project, Hathor’s Roughrider Project and International Enexco’s Mann Lake Project all of which have generated significant returns for shareholders. The Athabasca Basin provides exploration companies this unique opportunity as it is host to the highest grade uranium deposits in the world averaging 2% U3O8 (2% U3O8 is equivalent to approx. 1.6 oz/t gold) with some deposits averaging over 15% U3O8. Skyharbour will be carrying out several exploration programs over the coming months including its first drill program at its flagship Moore Lake project later this year. This will generate consistent news flow for the company and will serve as a key catalyst for share price appreciation going forward.

Skyharbour has also been aggressive over the past several years acquiring high quality properties in the Athabasca Basin, at attractive valuations, taking advantage of the downturn in the uranium market. The Company’s head geologist Rick Kusmirski ran a company called JNR Resources and employed this strategy in the early 2000’s and benefited from the inevitable turnaround in the uranium market resulting in a notable share price increase from 5 cents to over $4 in 2007. Over the last several years, Skyharbour has acquired its projects through cash and stock totaling approx. $2.5 million while over $60 million has been invested in the projects in historical exploration while Moore Lake and Falcon Point constituted the flagship projects for JNR Resources in the mid-2000’s boasting a +$300 million market cap. But even in a stagnant uranium price environment, the Athabasca Basin provides the opportunity to generate strong returns for shareholders as exemplified by NexGen Energy and Fission Uranium over the last 4 years which combine for over a billion dollars in market cap now on the back of new Athabasca uranium discoveries. Furthermore, Skyharbour has been able to advance its properties through partnerships with other companies like at its Preston Property and will continue to employ this prospect generator strategy on its non-core assets which will allow for additional exploration financed by other companies, stock/cash payments made to Skyharbour, and more news flow going forward with Skyharbour retaining a carried interest and upside exposure in these projects.”

Why did you join the OTCQB/go public?

Jordan Trimble: “Skyharbour established a listing on the OTCQB to provide a more easily accessible market for its many current and potential future shareholders in the US. The Company also plans to gain access to capital and to use its stock for acquisitions. The OTCQB provides greater transparency for the existing shareholders and will attract new/institutional shareholders who expect/require audited financials, SEC filings, and an overall higher level of transparency.”

How can members of the microcap community help you?

Jordan Trimble: “Skyharbour is looking to expand its audience in the US with new investors and the OTCQB listing should help facilitate this. The Company is also actively looking for joint venture partners to assist in advancing its portfolio of uranium projects totaling over 600,000 acres in Canada’s prolific Athabasca Basin, located in northern Saskatchewan.”

Learn more about Skyharbour Resources Ltd. (OTCQB: SYHBF) on their website: www.skyharbourltd.com

Jordan Trimble, President & CEO of Skyharbour Resources Ltd., can be contacted at: jtrimble@skyharbourltd.com

About QBie™ Spotlight:

QBie™ Spotlight is a virtual “welcome interview” for new OTCQB companies. QBie™ Spotlight helps issuers that are new to the OTCQB connect with microcap industry professionals! Learn more about the QBie™ Spotlight HERE.

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