Blue Sky Uranium - BKUCF STOCK NEWS

Blue Sky Uranium Corp. (BKUCF) has announced the initial closing of an earn-in transaction with Abatare Spain, S.L.U. (COAM). Under the agreement, COAM has the exclusive right to acquire up to an 80% indirect interest in the Ivana Uranium-Vanadium Deposit in Argentina through:

1. A 49.9% equity interest by funding US$35 million in expenditures over 36 months
2. Up to 80% equity interest by funding US$160 million for project development upon completion of a feasibility study

As part of the initial stage, COAM has contributed US$650,000 and provided a Corporate Guarantee for US$2,350,000, totaling US$3 million for the first year commitment. The deal includes a call option agreement for exploration targets and maintains Blue Sky's 20% participation with anti-dilution protection until commercial production.

Blue Sky Uranium (TSXV: BSK) (OTC: BKUCF) has announced the appointment of Martin Burian to its board of directors. Burian brings significant credentials including ICD.D certification and CPA designation, along with a 30-year career in mining sector investment banking. He currently serves as Managing Director at RCI Capital Group and has held senior positions at notable firms including Haywood Securities, Bolder Investment Partners, and Canaccord Capital. His early career was at KPMG where he obtained his CPA and CBV designations.

The company's President and CEO, Nikolaos Cacos, expressed enthusiasm about the appointment, highlighting Burian's extensive experience in mining investment banking and the financial acumen he brings to the company's existing skill sets.

Blue Sky Uranium (TSXV: BSK, OTC: BKUCF) announced that shareholders have approved the proposed earn-in transaction with Abatare Spain, S.L.U. (COAM) at a Special Meeting held on February 6, 2025. The resolution received overwhelming support with 99.41% of votes in favor, representing 99,339,958 shares, while only 0.59% voted against.

The meeting had a 33.4% turnout, with 99,929,367 common shares represented. The company has already received conditional approval from the TSX Venture Exchange for the transaction, which is expected to close during the first quarter of 2025, subject to customary closing conditions.

Blue Sky Uranium (TSXV: BSK) (OTCQB: BKUCF) announces its participation at the Vancouver Resource Investment Conference (VRIC) at Booth #212. The event will be held at the Vancouver Convention Centre West on January 19-20, 2025.

The VRIC 2025 will feature over 120 expert speakers, including economists, money managers, and investors. The conference will provide networking opportunities with more than 5,000 industry professionals and investors, along with exhibits showcasing innovations in the resource sector. The event will focus on commodities, precious metals, energy, and critical minerals trends.

Blue Sky Uranium (BKUCF) has provided a corporate update highlighting key achievements from the previous year and outlining plans for 2025. The company reached several major milestones, including a positive new Preliminary Economic Assessment for the Ivana deposit at the Amarillo Grande project and a strategic partnership with Abatare Spain (COAM) through a definitive earn-in agreement.

The company plans to hold a Special Meeting of Shareholders to approve the COAM earn-in agreement, after which the joint venture will proceed with detailed engineering and pre-feasibility study work on the Ivana deposit. Guillermo Pensado will transition from VP of Exploration and Development to Technical Consultant for the joint venture, focusing on advancing the Ivana deposit and related exploration activities.

Blue Sky continues exploration activities at its Corcovo and Chihuidos projects, with permitting for fieldwork in progress and ongoing desktop studies. Additional programs may include regional exploration at Amarillo Grande.

Blue Sky Uranium (BKUCF) has announced the mailing and filing of meeting materials for a special shareholder meeting on February 6, 2025, to vote on a transaction with COAM. The proposed earn-in agreement would grant COAM rights to acquire up to 80% indirect interest in the Ivana Uranium-Vanadium Deposit in Argentina.

Under the agreement terms, COAM can acquire a 49.9% interest by funding US$35 million in expenditures, and can increase to 80% ownership upon completing a feasibility study and funding development costs to commercial production. The transaction requires approval from at least 66 2/3% of shareholder votes.

The Board unanimously recommends voting FOR the transaction, citing benefits including partnership with Corporación América Group's expertise, advancement of the Ivana Property, and anti-dilution protection until commercial production. Shareholders must vote by proxy before 10:00 AM Vancouver Time on February 4, 2025.

Blue Sky Uranium has entered into a definitive earn-in agreement with Abatare Spain (COAM) and ACI Capital, granting COAM the right to acquire up to 80% indirect interest in the Ivana Uranium-Vanadium Deposit in Argentina. COAM can acquire 49.9% equity by funding US$35 million in expenditures within 36 months, and up to 80% upon completing a feasibility study and funding development costs up to US$160 million for commercial production. The agreement includes a call option for exploration targets and requires shareholder approval at a Special Meeting planned for February 2025.

Blue Sky Uranium has applied to the TSX Venture Exchange to extend the term of its outstanding warrants. The extension would affect 16,780,000 warrants expiring December 2, 2024, and 1,381,000 warrants expiring December 19, 2024, pushing both expiration dates to 2027. These warrants were issued during a private placement in December 2022 and maintain their exercise price of $0.20. Of the total, 200,000 warrants are held by company insiders, constituting a related party transaction under MI 61-101, though exempted from certain requirements as it represents less than 25% of market capitalization.

Blue Sky Uranium (TSXV: BSK) has announced its participation in a live virtual corporate update hosted by Red Cloud Financial Services. The event is scheduled for November 18th, 2024 at 2 pm ET. Shareholders and interested parties are invited to register for the webinar, which will include a Q&A session. A replay of the presentation will be available to all registrants and on the Red Cloud website. The presentation will focus on uranium commodities and the company's uranium discovery projects in Argentina.