Skyharbour Resources Ltd. on Friday March 26 said Orano Canada Inc. has completed the first earn-in option of a 51% interest in the Preston uranium project located in the Athabasca Basin, northern Saskatchewan. Orano (formerly AREVA Resources Inc.) is a unit of France’s largest uranium mining and nuclear fuel company. It previously held an option to acquire the interest through an option deal entered into with Skyharbour and Dixie Gold Inc. [DG-TSXV]. Orano exercised the earn-in option by completing $2.8 million in staged exploration expenses and making $200,000 in cash payments over the previous there years. That money was divided equally between Skyharbour and Dixie Gold.
Resource World 26th March 2021 read more »