Skyharbour Resources (TSX-V:SYH) is continuing to evaluate project acquisitions through strategic staking, as well as pursue new options and joint venture partnerships, ahead of the Prospectors & Developers Association of Canada (PDAC) in Toronto, Canada, next week.
Speaking to Mining.com.au, CEO Jordan Trimble says PDAC is an ideal conference to engage institutional and retail investors, strengthen relationships with existing and prospective partners, and highlight the company’s position as a uranium explorer and prospect generator in the Athabasca Basin.
“Our objectives are to further advance investor outreach and expand market awareness of Skyharbour’s flagship exploration assets and discovery pipeline,” Trimble tells this news service.
“This includes clearly communicating the scale of upcoming drill programs at Russell and Moore Lake, reinforcing the strength of our treasury, and ensuring the market recognizes the depth of opportunity across our portfolio.
“We are also focused on deepening engagement with existing and prospective partners, particularly around partner-funded exploration opportunities. By continuing to attract strong joint venture partners, we can advance multiple projects across the portfolio while preserving capital and maintaining significant upside for shareholders.”
Trimble notes that the company aims to align with key industry stakeholders to evaluate strategic opportunities within the Athabasca Basin, including potential collaborations, transactions and regional synergies.
Over the next several months, Skyharbour intends to continue momentum across its core assets, led by activity at the Russell Lake Project in the Athabasca Basin.
Under a previously reported earn-in agreement with Denison Mines (TSX:DML), Skyharbour will receive up to C$61.5 million for Russell Lake.
To date, Russell has seen more than 15,000m of drilling completed in 2024-25, as well as a further 15,000m yet to be carried out this year in partnership with Denison Mines.
At the Moore Lake Project, Skyharbour is building on previously conducted drilling campaigns, which delivered “encouraging” results across key targets. An additional 8,000m to 10,000m drill program is planned this year.
Trimble says across the company’s broader portfolio, partner-funded exploration and drill programs are expected to continue at secondary projects.
“With over 30,000m of combined drilling planned for 2026 across multiple projects, the company is entering one of its most active exploration periods to date,” he says.
Uranium’s momentum
PDAC, held from 1-4 March 2026 in Toronto, is an annual convention that hosts more than 1,300 exhibitors and 700 presenters. Mining.com.au is a media partner of this year’s convention.
Trimble notes that it is expected to see a strong focus on supply security of critical minerals at PDAC this year, alongside permitting and project development timelines.
“In uranium specifically, we anticipate continued emphasis on energy security, nuclear’s role in electrification and data-centre power demand, and how western supply chains can be strengthened through new discoveries and responsible development,” he says.
According to Sprott, the global uranium market entered the year with strong momentum, as spot prices rose by roughly 25% in January 2026 – surpassing US$100 per pound for the first time in two years.
At the time of writing, uranium’s spot price sat at US$89.4 per pound.
Sprott Asset Management says a higher price would improve project economics and strengthen the long-term price visibility that underpins mine restarts and new development.
The policy signal is also being reinforced by tangible support across the nuclear fuel cycle and by explicit US targets that extend demand visibility well beyond the near-term.
In January 2026, the US Department of Energy unveiled US$2.7 billion in funding to strengthen domestic uranium enrichment services over the next 10 years, representing a step toward rebuilding fuel-cycle capacity as energy security priorities intensify.
Sprott notes that these actions sit within a clear ambition to quadruple US nuclear capacity by 2050, including another target to have 10 new large reactors under construction by 2030.
The International Energy Agency projects that global nuclear capacity could double by 2050, reaching 561 gigawatts and 992 gigawatts. Countries such as China, India, Russia, Turkey and South Africa have outlined expansion plans as the nations look to reduce dependence on fossil fuels and secure stable baseload generations.
Write to Aaliyah Rogan at Mining.com.au
Images: Skyharbour Resources
