Skyharbour and Orano to Launch Major Drilling at Preston Uranium Project

Skyharbour Resources ( (TSE:SYH) ) has provided an update.

Skyharbour Resources Ltd., in partnership with Orano Canada Inc., is set to commence an extensive diamond drilling program at the Preston Uranium Project in the summer of 2025. The program aims to drill approximately 6,000 to 7,000 metres across various high-priority targets, including the Johnson Lake, Canoe Lake, and FSAN zones, to explore potential uranium mineralization. This initiative is significant for Skyharbour as it could enhance its position within the uranium exploration sector and potentially lead to new discoveries, impacting stakeholders positively.

The most recent analyst rating on (TSE:SYH) stock is a Buy with a C$1.21 price target. To see the full list of analyst forecasts on Skyharbour Resources stock, see the TSE:SYH Stock Forecast page.

Spark’s Take on TSE:SYH Stock

According to Spark, TipRanks’ AI Analyst, TSE:SYH is a Neutral.

Skyharbour Resources faces challenges typical of exploration stage mining firms, such as no revenue and ongoing operational losses, which weigh heavily on its financial performance score. Technical analysis suggests limited momentum, while valuation metrics reflect the absence of earnings. However, recent corporate events, including successful drilling and strategic partnerships, provide potential growth opportunities and contribute positively to the overall score.

To see Spark’s full report on TSE:SYH stock, click here.

More about Skyharbour Resources

Skyharbour Resources Ltd. operates in the mining industry, focusing primarily on uranium exploration and development. The company holds a minority interest in the Preston Uranium Project located in the Athabasca Basin, Saskatchewan, Canada.

Average Trading Volume: 358,720

Technical Sentiment Signal: Sell

Current Market Cap: C$65.43M

See more insights into SYH stock on TipRanks’ Stock Analysis page.