Latest news for Thunderbird Resources (OTC:VOYRF) Stock

Thunderbird Resources Ltd, formerly Valor Resources Ltd is a mineral exploration company. The company is engaged in metals exploration and project development, for the Picha Project copper-silver exploration project, located in the Moquegua Department of southern Peru. The projects of the company also include the Charaque Project, Pendleton Lake Project, and others.

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Uranium Co. Follows Discovery With More High-Grade Results

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Uranium Co.&#39;s JV Partner Completes Winter Drilling in Athabascan Basin

THUNDERBIRD RES LTD by THUNDERBIRD RES LTD

Thunderbird Resources Ltd

Thunderbird Resources (AU:THB) has released an update. Thunderbird Resources Limited has disclosed a significant increase in Director Gary Billings...

Thunderbird Director Doubles Share Holdings

Thunderbird Resources (AU:THB) has released an update. Thunderbird Resources Limited has disclosed a change in the holdings of their Director, Geor...

Thunderbird Director Increases Shareholding

Thunderbird Resources (AU:THB) has released an update. George Bauk, a director at Thunderbird Resources Limited, has increased his indirect stake i...

Thunderbird Director Ups Stake in Entitlement Offer

Thunderbird Resources (AU:THB) has released an update. Thunderbird Resources Limited has announced the application for quotation of a new batch of ...

Thunderbird Resources to List New Shares on ASX

Thunderbird Resources (AU:THB) has released an update. Thunderbird Resources has announced the successful completion of a $1.347 million funding ro...

Thunderbird Resources Secures Funding for Uranium Exploration

Thunderbird Resources (AU:THB) has released an update. Thunderbird Resources Limited has announced the issuance of 44,913,162 new shares to sophist...

Thunderbird Resources Expands Share Capital

Thunderbird Resources (AU:THB) has released an update. Thunderbird Resources Limited has successfully issued 82,533,968 new shares after an underwr...

Thunderbird Resources Boosts Uranium Exploration

Thunderbird Resources Expands Market Share

Thunderbird Resources (AU:THB) has released an update. Thunderbird Resources has commenced preparations for a 2,400m diamond drill program at the H...

Thunderbird Resources Launches Uranium Drill Program

Thunderbird Resources (AU:THB) has released an update. Thunderbird Resources, a company active in Canada's Athabasca Basin, has announced that dril...

Thunderbird Resources to Begin Hidden Bay Drilling

Thunderbird Resources

Valor Resources

Source: <a href="https://www.streetwisereports.com/article/2024/07/12/uranium-co-follows-discovery-with-more-high-grade-results.html?utm_medium=feed">Streetwise Reports 07/12/2024</a>

Skyharbour Resources Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SYHBF#OTC">SYHBF</a>) has announced assay results from the 2024 winter diamond drilling program at its 100%-owned Moore Lake uranium project in the Athabasca Basin of Saskatchewan.

A highlight of the nine-hole campaign totaling 2,864 meters of drilling included hole ML24-08, which intersected 5 meters of 4.61% U3O8 from a relatively shallow downhole depth of 265.5 meters to 270.5 meters, including 10.19% U3O8 over 1 meter at the Main Maverick Zone, the company said.

&quot;The drill results announced here demonstrate the high-grade, shallow endowment of uranium mineralization at the Main Maverick Zone&quot; President and Chief Executive Officer Jordan Trimble said. &quot;We continue to expand this main zone and will be drilling this summer to further delineate the numerous high-grade zones of uranium on the Maverick Corridor taking advantage of regional infrastructure including the exploration camp at our adjacent Russell Lake project to bring our costs down.&quot;

Skyharbour said it plans to continue advancing Moore through additional drilling in 2024 in conjunction with a fully funded summer drilling program to follow up on its new discovery at Russell Lake, marking a major breakthrough in the discovery process at the project.

The company said an intercept from hole RSL24-02 at Fork returned a 2.5-meter-wide intercept of 0.721% U3O8 at a relatively shallow 338.1 meters, including 2.99% U3O8 over 0.5 meters at 339.6 meters just above the unconformity in the sandstone. Skyharbour said it was the best intercept of uranium mineralization historically at the Russell Lake project.

Analyst David Talbot of Red Cloud Securities wrote in an updated research note on Tuesday that the results at Russell Lake &quot;help lay the groundwork for a follow-up summer drill program.&quot;

&quot;We view this discovery positively and believe that it represents a breakthrough for Russell Lake, as previous exploration in this area was limited by interference from nearby powerlines&quot; wrote Talbot, who rated the stock a Buy with a CA$0.65 per share target price.

<h2>Mineralization Expansion Potential</h2>

Skyharbour noted that all of the holes drilled in the Main Maverick Zone last winter intersected significant uranium mineralization with the goal of further expanding and delineating the known zone of mineralization.

Hole ML24-03 intersected a broad interval of high-grade mineralization grading 1.11% U3O8 over 11.5 meters starting at 266.8 meters downhole, including 2.0 meters of 5.87% U3O8, the company said.

There is expansion potential at both of the high-grade Main Maverick and Maverick East Zones, and substantial portions of the 4.7-kilometer-long Maverick corridor remain to be systematically drill-tested, leaving discovery potential along strike as well as at depth in the basement rocks.

<blockquote class="callOut left">Analyst David Talbot of Red Cloud Securities wrote in an updated research note on Tuesday that the results at Russell Lake &quot;help lay the groundwork for a follow-up summer drill program.&quot;</blockquote>

Two exploratory holes drilled in the Grid 19 area intersected structurally disrupted graphitic pelitic accompanied by significantly anomalous pathfinder element geochemistry, Skyharbour said in Thursday&#39;s release.

Preparation is underway for a fully funded 2,500- to 3,000-meter summer drill program at Moore focused on the Maverick zones, as is a follow-up 4,500- to 5,000-meter drill program at Russell Lake.

The company said it drilled more than 5,100 meters in 10 holes in two phases during the winter of 2024 at Russell Lake. The first phase of drilling consisted of more than 3,000 meters in six holes, while the second phase consisted of more than 2,000 meters in four holes. The cores and geochemical results have been obtained for Phase One at Russell Lake. Results for the second phase are pending.

Skyharbour has an extensive portfolio of uranium exploration projects in the Athabasca Basin, with 29 projects, 10 of which are drill-ready, covering over 587,000 hectares of mineral claims.

In addition to exploring for high-grade uranium deposits, the company uses a prospect generator strategy by bringing in partner companies to advance its secondary assets.

Partner companies include Azincourt Energy Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AZURF#OTC">AZURF</a>), Thunderbird Resources Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VOYRF#OTC">VOYRF</a>) (formerly Valor Resources Ltd.), Basin Uranium Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BURCF#OTC">BURCF</a>), and Medaro Mining Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MEDAF#OTC">MEDAF</a>). More recently, two earn-in option agreements have been signed with Tisdale Clean Energy Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEFF#OTC">TCEFF</a>) to option the South Falcon East project, as well as North Shore Uranium Ltd. to option the Falcon project.

<h2>The Catalyst: Energy Demand Surge Coming</h2>

The nation&#39;s largest utility companies are warning of a coming energy demand surge from EVs and AI that could be unlike anything seen since the widespread adoption of heat pumps and air conditioners pushed demand sky-high in the 20th Century, according to a June 30 piece by Spencer Kimball for CNBC.

Rystad Energy predicted that data centers and EVs alone will add 290 terrawatt hours (TWh) of new demand by 2030.

&quot;Overall, the combined expansion of traditional and AI data centers, along with chip foundries, will increase demand cumulatively by 177 TWh from 2023 to 2030, reaching a total of 307 TWh&quot; noted Rystad, an independent research and energy intelligence company. &quot;Despite data centers currently representing a relatively modest portion of total electricity demand in the U.S., this marks a more than two-fold increase compared to 2023 levels, which stood at 130 TWh, highlighting the efforts of the U.S. to position itself as a global data center hub.&quot;

Many are calling for a uranium bull market, given a renewed focus on nuclear energy worldwide, is a possible source of power for the artificial intelligence (AI) revolution, IG Bank wrote.

&quot;Amazon, for example, bought a nuclear-powered data center in the United States earlier this year, and Microsoft is pushing for small nuclear reactors (SMRs) to be contained within data centers&quot; author Nadine Blayney wrote.

<h2>Ownership and Share Structure</h2>

Management, insiders, and close business associates own approximately 5% of the company. According to Reuters, the CEO Trimble owns 1.54%, and Director David Cates owns 0.70%.

Institutional, corporate, and strategic investors own approximately 55% of the company. Denison Mines owns 6.3%, Rio Tinto owns 2.0%, Extract Advisors LLC owns 9%, Alps Advisors Inc. owns 9.91%, Mirae Asset Global Investments (U.S.A) L.L.C. owns 6.29%, Sprott Asset Management L.P. owns 1.5%, and Incrementum AG owns 1.18%, Reuters reported.

There are 182.53 million shares outstanding with 177.73 million free float traded shares, while the company has a market cap of CA$79.86 million and trades in a 52-week range of CA$0.33 and CA$0.64.

Important Disclosures:

<ol>
	<li>Skyharbour Resources Ltd. and Tisdale Clean Energy Corp. are billboard sponsors of Streetwise Reports and pay SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, North Shore Uranium Ltd., Skyharbour Resources Ltd., and Tisdale Clean Energy Corp. have a consulting relationship with an affiliate of Streetwise Reports, and pay a monthly consulting fee between US$8,000 and US$20,000.</li>
	<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Azincourt Energy Corp., North Shore Uranium Ltd., Skyharbour Resources Ltd., and Tisdale Clean Energy Corp.</li>
	<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
	<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Source: <a href="https://www.streetwisereports.com/article/2024/05/31/uranium-co-s-jv-partner-completes-winter-drilling-in-athabascan-basin.html?utm_medium=feed">Streetwise Reports 05/31/2024</a>

Skyharbour Resources Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SYHBF#OTC">SYHBF</a>) announced partner Azincourt Energy Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AZURF#OTC">AZURF</a>) has completed its 2024 winter drilling program at the East Preston uranium project in the Athabascan Basin of Saskatchewan.

The program consisted of 1,086 meters of diamond drilling in four holes to follow up on the clay alteration zone and elevated uranium identified at the project in the winter of 2023, Skyharbour said.

All holes intersected hydrothermal alteration with the best alteration intersected in the last two holes of the program, the company said.

&quot;The extension of the clay alteration halos in the K and H zones is a very good sign&quot; said Azincourt Vice President Exploration Trevor Perkins. &quot;Knowing the extent of the halos and the types of clay present are important steps in identifying and prioritizing follow-up drill targets. All indications are that we are vectoring in on something.&quot;

Hole EP0059, completed on Zone K, was targeted to follow up on kaolinite and dravite clay intersections and elevated uranium from 2023 in holes EP0049 and EP0055.

Patchy white clay alteration was intersected within several structural zones in the core, the company said. EP0060 was completed on the south end of Zone H to follow up clay intersections and graphitic lithologies from 2023 in the southern portion of Zone H. This hole intersected moderate to strong white clay within zones of structure and intense fracturing. Analysis of the clay species is in progress.

&quot;The more we see, the better the team is getting at identifying which halos are the important ones to chase&quot; Perkins said. &quot;A significant number of deposits in the Athabasca Basin have been found by identifying and chasing these types of clay alteration patterns.&quot;

Skyharbour retains a minority interest with a 9.5% ownership in the East Preston Project, with Azincourt owning 85.8% and Dixie Gold owning the remaining 4.7%.

<h2>Azincourt Is an Explorer and a Partner</h2>

The primary target area on East Preston is the conductive corridors from the A zone through to the G zone (A-G trend) and the K zone through to the H and Q zones (K-H-Q trend), Skyharbour said.

The selection of these trends is based on results from ground-based electromagnetic and gravity surveys done from 2018 to 2020, property wide VTEM and magnetic surveys, and drill programs completed in 2019 through 2022, the company said. A 2020 HLEM survey also indicated multiple prospective conductors and structural complexity along these corridors.

A total of 53 geochemical samples were collected at East Preston and were sent to the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan, for analysis. Final assay results are forthcoming.

The company said samples of clay alteration were collected for analysis by Short Wavelength Infrared Reflectance (SWIR, sometimes referred to as &quot;PIMA&quot;) to confirm the clay species. Thirty-four samples were collected from current drillholes and 20 samples were collected from previous drill holes.

Skyharbour has an extensive portfolio of uranium exploration projects in Canada&#39;s Athabasca Basin, with 29 projects, 10 of which are drill-ready, covering over 587,000 hectares of mineral claims. In addition to being a high-grade uranium exploration company, Skyharbour utilizes a prospect generator strategy by bringing in partner companies to advance its secondary assets.

Other Skyharbour partner companies include Orano Canada, Thunderbird Resources Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VOYRF#OTC">VOYRF</a>) (Previously Valor Resources Ltd.), Basin Uranium Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BURCF#OTC">BURCF</a>), and Medaro Mining Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MEDAF#OTC">MEDAF</a>). More recently, two earn-in option agreements were signed with Tisdale Clean Energy Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEFF#OTC">TCEFF</a>) to option the South Falcon East project, as well as North Shore Uranium Ltd.&nbsp;(TSXV:<a class="ticker" href="https://www.benzinga.com/stock/NSU#TSXV">NSU</a>)&nbsp;to option the Falcon project.

The company has an additional 20 100%-owned projects that it is actively seeking to option out to potential new partners in the future to add to its growing prospect generator business.

&quot;Any kind of exploration success in the Athabasca Basin will be met with voluminous demand, so the upside leverage is potentially explosive&quot; Michael Ballanger of GGM Advisory Inc. wrote about Skyharbour in January.

<h2>The Catalyst: A Key Element for Clean Energy</h2>

President Joe Biden recently signed a ban on American imports of Russian uranium, a measure that has already shaken up the market. Spot prices per ounce went up nearly 7% from March and were up to US$91.75 last week.

A key element in the ongoing clean energy revolution. Yahoo Finance! predicted that &quot;Uranium&#39;s Third Bull Market Set to Shine in 2024&quot; pointing out some key catalysts for the yellow element, including rising electricity prices, increased volume in investment funds, and lower inventory.

Some believe that uranium can go even higher this year. A recent article from The Motley Fool stated, &quot;In 2007, uranium prices topped out at around US$140 per pound, an 80% premium to today&#39;s prices. If the global demand and supply gap widens further, it&#39;s not difficult to see prices exceeding those previous highs.&quot;

Demand for uranium in nuclear reactors is expected to climb 28% by 2030 and nearly double by 2040 as governments ramp up nuclear power capacity to meet zero-carbon targets, the World Nuclear Association said in a report, according to Reuters.

The report added that interest in nuclear power has also risen since the invasion of Ukraine as many nations want alternatives to Moscow&#39;s fuel supplies.

&quot;From the beginning of the next decade, planned mines and prospective mines, in addition to increasing quantities of unspecified supply, will need to be brought into production&quot; Reuters quoted from the report.

<h2>Ownership and Share Structure</h2>

Management, insiders, and close business associates own approximately 5% of the company.

According to Reuters, President and CEO Jordan Trimble owns 1.54%, and Director David Cates owns 0.70%.

Institutional, corporate, and strategic investors own approximately 55% of the company. Denison Mines owns 6.3%, Rio Tinto owns 2.0%, Extract Advisors LLC owns 9%, Alps Advisors Inc. owns 9.91%, Mirae Asset Global Investments (U.S.A) L.L.C. owns 6.29%, Sprott Asset Management L.P. owns 1.5%, and Incrementum AG owns 1.18%, Reuters reported.

There are 182.53 million shares outstanding with 177.73 million free float traded shares, while the company has a market cap of CA$83.96 million and trades in a 52-week range of CA$0.33 and CA$0.64.

Important Disclosures:

<ol>
	<li>Skyharbour Resources Ltd. and Tisdale Clean Energy Corp. are billboard sponsors of Streetwise Reports and pay SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, Tisdale Clean Energy Corp. and North Shore Uranium Ltd. have a consulting relationship with an affiliate of Streetwise Reports, and pay a monthly consulting fee between US$8,000 and US$20,000.</li>
	<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Tisdale Clean Energy Corp., North Shore Uranium Ltd., and Azincourt Energy Corp.</li>
	<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
	<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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