11:11 AM EDT, 10/01/2024 (MT Newswires) -- Skyharbour Resources ( SYHBF ) on Tuesday said partner company North Shore Uranium (NSU.V), received a Crown Land Work Authorization permit from the Saskatchewan authorities covering Skyharbour's Falcon property at the eastern margin of the Athabasca Basin.

North Shore may acquire an initial 80% interest in Falcon by issuing $1.225 million worth of shares, making cash payments of $525,000 to Skyharbour, and incurring $3.55 million in exploration expenditures on the property over three years.

The permit, which expires on July 31, 2027, allows North Shore to conduct mineral exploration activities, including the drilling of up to 75 exploration drill holes and the storage of drill core.

Skyharbour shares were last seen down $0.005, to $0.435, on the TSX Venture Exchange, while North Shore Uranium shares last traded Monday, closing at $0.06.

Price: 0.44, Change: -0.01, Percent Change: -1.14