Paul Matysek Joins Skyharbour's Advisory Board
(Thomson Reuters ONE) -
VANCOUVER, British Columbia, July 28, 2016 (GLOBE NEWSWIRE) -- Skyharbour
Resources Ltd. (TSX-V:SYH) (OTC Grey:SYHBD) (Frankfurt:SC1N) (the "Company") is
pleased to announce Mr. Paul Matysek, M.Sc., P.Geo, will be joining Skyharbour's
Advisory Board. Mr. Matysek is a mining entrepreneur, professional geochemist
and geologist with over 35 years of experience in the mining industry. He has
held senior executive and director positions with several natural resource
exploration and development companies and is a proven company builder.
Mr. Matysek was the Founder, President and CEO of Energy Metals Corporation
("EMC"), a premier uranium company that traded on the New York and Toronto Stock
Exchanges. Mr. Matysek led EMC as one of the fastest growing Canadian companies
in recent years, increasing its market capitalization from $10 million in 2004
to approximately $1.8 billion when it was acquired by a larger uranium producer,
Uranium One Inc., in 2007. Mr. Matysek is currently the President and CEO of
Goldrock Mines Corp. (TSX-V:GRM) which on June 7(th), 2016 announced it had
entered into a definitive agreement to be acquired by Fortuna Silver Mines
(NYSE:FSM) (TSX:FVI). Goldrock's principal asset is the 100% owned Lindero
Project located in Salta Province, Argentina and the transaction values Goldrock
at $129 million on a fully-diluted in-the-money basis. Mr. Matysek is also the
Executive Chairman and on the Board of Directors of Lithium X (TSX-V:LIX),
a lithium resource explorer with projects in Salta, Argentina and Clayton
Valley, Nevada. Previously, Mr. Matysek was the President and CEO of Lithium One
Inc., which developed a high quality lithium project in northern Argentina. In
July 2012, Lithium One and Galaxy Resources merged with a $112 million plan to
create a fully integrated lithium company. Prior to Lithium One, Mr. Matysek was
the President and CEO of Potash One Inc. where he was the architect of the $434
million friendly takeover of Potash One by K+S Ag, which closed in early 2011.
Skyharbour's President and CEO, Jordan Trimble commented, "We are very pleased
that Paul Matysek has agreed to join Skyharbour's Advisory Board. He is an
incredibly well respected leader in the resource industry and his expertise will
be invaluable to the future development of the Company and our portfolio of
projects in the Athabasca Basin. Having recently completed a significant deal
with Denison Mines to acquire a 100% interest in the Moore Lake Uranium Project,
we remain focused on building a preeminent uranium company with a strong
management and advisory team. Paul's specific experience in building and selling
uranium company Energy Metals to Uranium One, his knowledge of the capital
markets and his proven ability to maximize the value of resource assets for the
benefit of all stakeholders will be of great value to Skyharbour going forward."
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium and thorium exploration
projects in Canada's Athabasca Basin and is well positioned to benefit from
improving uranium market fundamentals with five drill-ready projects. In July
2016, Skyharbour acquired an option from Denison Mines to acquire 100% of the
Moore Lake Uranium Project which is located 20 kilometres east of Denison's
Wheeler River project and 39 kilometres south of Cameco's McArthur River mine.
Moore Lake is an advanced stage uranium exploration property with over $30
million in historical exploration, 370 drill holes, and a high grade zone known
as the Maverick Zone with drill results including 4.03% e U(3)O(8) over 10
metres at a depth of 265 metres. The Company owns a 100% interest in the Falcon
Point (formerly Way Lake) Uranium Project on the eastern perimeter of the Basin
which hosts an NI 43-101 inferred resource totaling 7.0 million pounds of
U(3)O(8) at 0.03% and 5.3 million pounds of ThO(2) at 0.023%. The project also
hosts a high grade surface showing with up to 68% U(3)O(8) in grab samples from
a massive pitchblende vein, the source of which has yet to be discovered.
Skyharbour also has a 50% interest in the large, geologically prospective
Preston Uranium Project proximal to Fission Uranium's Triple R deposit as well
as NexGen Energy's Arrow deposit. The Company's 100% owned Mann Lake Uranium
project on the east side of the Basin is strategically located adjacent to the
Mann Lake Joint Venture operated by Cameco with partners Denison Mines and
AREVA, where high-grade uranium mineralization was recently discovered.
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.
To find out more about Skyharbour Resources Ltd. (TSX-V:SYH) visit the Company's
website at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
"Jordan Trimble"
Jordan Trimble
President and CEO
For further information contact myself or:
Nick Findler
Corporate Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info(at)skyharbourltd.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may be deemed to be "forward-
looking statements". All statements in this release, other than statements of
historical facts, that address events or developments that management of the
Company expects, are forward-looking statements. Although management believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those
in the forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change. Factors that could cause actual
results to differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued availability of
capital and financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for further
information.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Skyharbour Resources Ltd via GlobeNewswire
[HUG#2031311]
Unternehmensinformation / Kurzprofil:
Datum: 28.07.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 486061
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