Skyharbour's Partner Terra Clean Energy Receives Government of Canada Recognition for Fraser Lakes B as an Active Rare Earth Deposit

Rare Earth Element Discovery: Skyharbour Resources Ltd. and its partner Terra Clean Energy Corp. have confirmed significant rare earth element (REE) potential at the Fraser Lakes B Deposit, with notable quantities of lanthanum, cerium, ytterbium, and yttrium identified through drilling and assays.

Project Development and Funding: Terra is set to invest CAD $10.5 million in exploration expenditures and pay Skyharbour CAD $11.1 million in cash, with a portion potentially settled in shares, as part of their agreement to earn a 75% interest in the project, which is crucial for advancing REE and uranium resources in Canada.