Sky Harbour Group (SKYH) Company Report

Skyharbour Resources Ltd. (SYH) closed a strategic agreement with Denison Mines Corp. (DML) for its Russell Lake Uranium Project, establishing four new joint ventures.
The agreement provides up to CAD $61.5 million in combined project consideration, which includes $10.0 million in cash payments to Skyharbour, an additional $8.0 million in cash and shares by year-end 2025, and up to $43.5 million in expenditures and cash payments for Denison to acquire ownership interests.
Skyharbour will maintain initial ownership interests of 80% in the Russell Lake (RL) claims, 70% in Getty East, 51% in Wheeler North, and 30% in the Wheeler River Inlier Claims.
Denison has committed to a minimum of $4 million in exploration expenditures over the first two years at Wheeler North and Getty East, and will fund its pro-rata 20% participation in the RL claims up to $10 million in total expenditures.
Skyharbour is well-funded with over $11 million in its treasury going into 2026.

2 days ago

Press Release

Sky Harbour Group Subsidiary Issues Promissory Note and Company Issues Shares

SKYH

Debt Issuance

New Projects/Investments

On December 8, 2025, Sky Harbour Group Corporation's subsidiary, Sky Harbour LLC, issued a non-convertible, unsecured promissory note with an aggregate principal amount of $15 million to YA II PN, Ltd..
The promissory note accrues interest at a rate of 7.75% per annum, matures on June 8, 2027, and requires monthly repayments of $1,250,000 starting July 8, 2026. The proceeds are designated for working capital and general corporate purposes.
In connection with this transaction, Sky Harbour Group Corporation issued 50,000 shares of its Class A common stock to YA II PN, Ltd. in a registered direct offering on December 15, 2025.

4 days ago

8-K

Sky Harbour Group Corp. Reports Q3 2025 Results and Strategic Updates

SKYH

Earnings

Guidance Update

New Projects/Investments

Sky Harbour Group Corp. is experiencing accelerated construction and increasing revenues, with three new campus openings expected in 2025.
The company reaffirmed its guidance for four new airport announcements by year-end 2025, bringing the total to 23 airports, and announced expansion into the Tier 1 LA market with the Long Beach Airport (LGB), projected to generate $10 million in potential stabilized revenue.
A $200 million JPMorgan Drawdown Facility has been secured to fund construction of several new campuses (BDL, SLC, POU1, ORL1, and TTN) at a fixed interest rate of 4.73% with a 5-year maturity.
Operational highlights for Q3 2025 include 19 airport ground leases on track, 10 fields in development, and nine fields operating, with a pre-leasing strategy adopted for future campuses.

Nov 12, 2025, 10:00 PM

Presentation

Sky Harbour Reports Strong Q3 2025 Revenue Growth and Strategic Capital Initiatives

SKYH

Earnings

Debt Issuance

New Projects/Investments

Sky Harbour Group Corporation reported consolidated revenues of $7.3 million for Q3 2025, representing a 78% increase year-over-year and an 11% sequential increase.
The company is less than $1 million away from achieving cash flow break-even on a cash reform operation basis, a goal expected to be met next month on a run rate basis.
SKYH finalized a $200 million tax-exempt drawdown facility with J.P. Morgan at a locked-in financing cost of 4.73% and closed Q3 2025 with $48 million in cash.
A binding Letter of Intent (LOI) was signed for the sale of a 75% participation in a new Sky Harbour 34 hangar at Opa-Locka Phase 2 for $30.75 million in cash, implying a gross valuation of over $1,000 per sq ft. This transaction is expected to close around April 1st of next year and is considered a capital formation alternative to issuing equity.
Assets under construction and completed construction increased to over $300 million, driven by activity at Phoenix, Dallas, and Denver, with new groundbreakings planned for Bradley International, Salt Lake City, and Addison Phase Two.

Nov 12, 2025, 10:00 PM

Transcript

Sky Harbour Group Corporation Announces Q3 2025 Results and Operational Updates

SKYH

Earnings

Guidance Update

New Projects/Investments

Sky Harbour Group Corporation reported a 78.2% increase in consolidated revenues for Q3 2025 compared to Q3 2024, with consolidated cash and US Treasuries totaling $47.9 million as of September 30, 2025.
The company reiterated its guidance to reach operating cash-flow breakeven on a consolidated run-rate basis by year-end 2025 and to have a total of 23 airports in operation or development by the end of 2025.
Construction and leasing activities show progress, with Dallas Addison (ADS) fully operational, Phoenix Deer Valley (DVT) Phase 1 and Dallas Addison (ADS) Phase 1 surpassing 50% occupancy, and a binding Letter of Intent for a $30.75 million cash payment from a JV Partner for Miami OPF Phase 2.
Sky Harbour secured a $200 million construction warehouse facility with JPMorgan Chase Bank on September 4, 2025, with a 4.73% fixed interest rate for the term, though no funds have been drawn yet.

Nov 12, 2025, 9:19 PM

8-K

Skyharbour's Partner Mustang Energy Corp. Announces 914W Uranium Project Survey Results

SKYH

New Projects/Investments

M&A

Skyharbour's partner, Mustang Energy Corp., announced results from a high-resolution HTDEM survey at the 914W Uranium Project, which defined a well-developed conductive zone consistent with features favorable for unconformity-type uranium mineralization.
The 136 line-km survey identified strong, high-amplitude EM responses along the east-central 914W block, indicating shallow conductive zones that persist at depth.
A soil sampling program conducted in May 2025 yielded anomalous uranium values in the northern soil grid, including a granitic gneiss sample that returned 42.3 ppm U.
Mustang Energy may acquire a 75% interest in the Project by issuing common shares valued at CAD $480,000, making aggregate cash payments of $275,000, and incurring $800,000 in exploration expenditures over a three-year period.

Nov 6, 2025, 1:00 PM

Press Release

Sky Harbor Provides Business Update on Aviation Real Estate Platform and Financing Strategy

SKYH

New Projects/Investments

Debt Issuance

Guidance Update

Sky Harbor operates as an aviation real estate platform, developing and leasing private hangars at key airfields in major U.S. metro centers, primarily serving high net worth individuals and corporations.
The company targets a stabilized yield on cost in the mid-teens and aims for close to a 30% return on equity by leveraging tax-exempt municipal bonds, with NOI yields projected in the low to mid-teens.
Sky Harbor currently has 18 ground leases signed, with nine operational, and plans to sign five more in 2025, targeting six to seven new ground leases annually thereafter to reach a goal of 50 airfields.
In August, Sky Harbor secured a $200 million drawdown facility with JPMorgan, a five-year warehouse facility, and has swapped its floating rate to a fixed rate of 4.75% for five years.

Oct 21, 2025, 4:00 PM

Transcript

Sky Harbour Provides Business Update and Financing Details

SKYH

New Projects/Investments

Debt Issuance

Guidance Update

Sky Harbour operates as an aviation real estate platform, developing and managing private hangars for large business jets at major U.S. metro airports, addressing a significant supply shortage for modern aircraft.
The company targets 50 airfields in the near to mid-term, currently having 18 ground leases signed (nine operational) and aiming for six to seven new ground leases annually.
Sky Harbour projects a stabilized yield on cost in the mid-teens and close to 30% return on equity, with construction costs around $300 per square foot and typical rental revenue of $39 per square foot.
In August, Sky Harbour secured a $200 million drawdown facility with JPMorgan and has since swapped its floating rate to a fixed rate of 4.75% for five years.

Oct 21, 2025, 4:00 PM

Transcript

Skyharbour Partner Terra Highlights Rare Earth Element Potential at Fraser Lakes B Deposit

SKYH

New Projects/Investments

Revenue Acceleration/Inflection

Skyharbour Resources Ltd.'s partner company, Terra Clean Energy Corp., has highlighted the rare earth element (REE) potential at the Fraser Lakes B Deposit, which is part of the South Falcon East Project.
The deposit contains significant quantities of rare earth oxides (REO), specifically Lanthanum oxide, Cerium oxide, Ytterbium oxide, and Yttrium oxide, which are key elements for automotive, batteries, and magnets.
Under the Option Agreement, Terra will fund CAD $10,500,000 in exploration expenditures and pay Skyharbour CAD $11,100,000 in cash, with up to $6,500,000 of the cash payment potentially settled for shares in Terra.
The Fraser Lakes B Deposit also hosts a historical inferred resource of 6.9 million pounds U₃O₈ and 5.3 million pounds ThO₂.

Oct 15, 2025, 8:30 PM

Press Release

Skyharbour's Partner North Shore Uranium Completes Prospecting Program at Falcon Project

SKYH

New Projects/Investments

M&A

Skyharbour Resources Ltd.'s partner, North Shore Uranium, has completed a prospecting program at the Falcon Property in Saskatchewan, identifying significant radioactivity in outcrops and boulders.
The program confirmed radioactivity in outcrop at targets FA020, up to 20,000 cps, and FA025, up to 27,000 cps. Elevated radioactivity was also found in boulders at targets FA019, close to 7,000 cps, and FA033, up to 6,000 cps.
North Shore may acquire an initial 80% interest in the Falcon Property by issuing common shares valued at CAD $1,225,000, making aggregate cash payments of $525,000 to Skyharbour, and incurring $3,550,000 in exploration expenditures over a three-year earn-in period.
North Shore plans to integrate the prospecting program information with EM conductor interpretations to further evaluate and prioritize targets for potential future drilling programs.