Paul Matysek Joins Skyharbour’s Advisory Board
28 July 2016 - 10:00PM
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 7th, 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 U3O8 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 U3O8 at 0.03% and 5.3
million pounds of ThO2 at 0.023%. The project also hosts a high
grade surface showing with up to 68% U3O8 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 TrimblePresident and CEO
For further information contact myself or:Nick FindlerCorporate
Communications Skyharbour Resources Ltd. Telephone: 604-687-3376
Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email:
info@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.
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