In addition to being a high-grade uranium exploration and early stage development company, Skyharbour utilizes a prospect generator strategy by bringing in partner companies to acquire interests in some of our secondary projects by funding exploration at these projects and making cash and share payments to Skyharbour over a period of time. This model allows the Company to focus efforts and capital at our core projects which include the Moore Lake and operated claims at Russell Lake, while having our JV and option partner companies fund and advance our secondary projects.
Employing this model benefits the Company as partner companies fund exploration and development work while making cash and share payments directly to Skyharbour while they earn-in at the projects. By acting as a prospect generator, Skyharbour can mitigate equity dilution while still retaining upside exposure through minority interests and royalties at the partner-projects as well as shareholdings in the partner companies. The model provides shareholders with ample news flow and upside exposure to mineral discoveries across a diversified project base with numerous operators, while conserving capital and ensuring partner companies fund the bulk of the exploration costs.
Skyharbour now has joint ventures with industry-leaders Denison Mines and Orano Canada Inc. at the Russell Lake properties and the Preston project, respectively. The Company also has several active earn-in option partners, including CSE-listed Nexus Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Future Fuels at the Highway Project; CSE-listed Mustang Energy at the 914W Project; CSE-listed Purecore Metals at the Yurchison Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project.
In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $79 million in partner-funded exploration expenditures and over $52 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete the earn-ins at their respective projects.
