Skyharbour launches 2026 drill program at Moore Uranium after securing renewed permit

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

Skyharbour Resources has begun a multi-phased 2026 diamond drill campaign at its 100%-owned Moore Uranium Project in Saskatchewan, planning 8,000 to 10,000 metres of drilling along the Maverick Trend and other regional targets under a newly renewed three-year drill permit valid through March 2029. The Phase I program, comprising 4,000 to 5,000 metres in 10 to 12 holes, follows an expanded ground SLTEM geophysical survey and advanced AI-assisted prospectivity modelling that have refined targets and delineated new EM conductors, signalling an intensified push to expand high-grade uranium discoveries and de-risk exploration across the project.

Initial drilling is focused on the Nomad Zone, where recent work confirmed a broad, structurally controlled hydrothermal system analogous to the Maverick Zone, and will also test the Esker Zone’s strike potential near historical high-grade mineralization at the unconformity. Additional holes are planned at the Maverick and Nutana targets to evaluate largely untested basement-hosted potential and underexplored graphitic conductors, which could materially enhance the project’s resource upside and strengthen Skyharbour’s position among Athabasca Basin uranium explorers if significant new mineralization is intersected.

The most recent analyst rating on (TSE:SYH) stock is a Hold with a C$0.38 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 SYH Stock

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

The score is held back primarily by a pre-revenue, loss-making operating profile and negative free cash flow despite improving operating cash flow. Technical signals are bearish (below key moving averages with negative MACD). The balance sheet (no debt, rising equity) is the main stabilizing factor, while valuation is constrained by negative earnings and no dividend data.

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

More about Skyharbour Resources

Skyharbour Resources is a uranium exploration and development company focused on projects in Canada’s Athabasca Basin, one of the world’s premier uranium districts. Its primary asset is the 100%-owned Moore Uranium Project in Saskatchewan, where the company targets high-grade unconformity and basement-hosted uranium deposits near established operations and advanced-stage projects.

Average Trading Volume: 820,526

Technical Sentiment Signal: Buy

Current Market Cap: C$102.9M

For an in-depth examination of SYH stock, go to TipRanks’ Overview page.