Uranium $61.5M Mega-Deal - Denison Mines & Skyharbour – Major Uranium Discovery Coming?
November 17, 2025

Skyharbour Resources (TSX-V: SYH) just consolidated 100% ownership of the massive Russell Lake uranium project in the Athabasca Basin by buying out Rio Tinto, then immediately closed a transformative strategic partnership with Denison Mines (TSX: DML | NYSE: DNN). Denison is paying $18M upfront (cash + shares) and committing up to $61.5M total to earn into key portions of Russell Lake — located right beside its flagship Wheeler River (Phoenix) project. CEOs Jordan Trimble (Skyharbour) and David Cates (Denison) reveal why this $40M+ drilling-funded JV dramatically accelerates the chances of a major high-grade uranium discovery in 2026-2027, how Skyharbour pockets $21.5M non-dilutive cash, the insanely low $350/m drilling costs, top targets (Grayling, Fork, Fox Lake Trail, Man Lake), Moore Lake high-grade hits, Phoenix FID update, and what’s coming in the next 6 months. Must-watch for uranium, nuclear energy, and Athabasca Basin investors!

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