trending Market Intelligence /marketintelligence/en/news-insights/trending/pcpEnB0v_qiuq7z3X56DGQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Skyharbour to option part of Preston project to partner Clean Commodities

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Skyharbour to option part of Preston project to partner Clean Commodities

Skyharbour Resources Ltd. granted an option to partner Clean Commodities Corp. to acquire up to 70% stake on a portion of the Preston Lake uranium project in Saskatchewan.

The parties will negotiate a definitive deal by March 15, 2017, allowing Clean Commodities to acquire the 70% interest on a 52,428-hectare segment of the project, by spending up to C$8 million over six years.

The figure includes C$7 million for exploration and C$700,000 in cash payments, according to Skyharbour's Dec. 15 statement.

Upon completion, the parties will form a three-way joint venture owned 70% by Clean Commodities while the remaining 30% will be jointly split between Skyharbour and Clean Commodities.

The companies will retain the 50/50 ownership of the balance of the Preston uranium project consisting of 68,720 hectares of minerals claims.

The Preston project is near NexGen Energy Ltd.'s Rook 1 uranium property and its high-grade Arrow deposit, as well as Fission Uranium Corp.'s Patterson Lake South uranium property and its Triple R deposit.