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Blue Sky Uranium Corp. (BKUCF) is a leading uranium exploration company in Argentina, focused on delivering exceptional returns to shareholders. The company's flagship project, Amarillo Grande, boasts robust economics from a surficial mining operation with 11 years of uranium and vanadium production. With a strong commitment to environmental sustainability, community engagement, and cultural respect, Blue Sky aims to rapidly advance its portfolio of surficial uranium deposits into low-cost producers. With exclusive rights to properties in two provinces in Argentina, including the Ivana Deposit at the Amarillo Grande Project, Blue Sky is positioned as a key player in the uranium market.
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.
Blue Sky Uranium Corp. (TSXV: BSK, OTC: BKUCF) has provided an update on its Amarillo Grande Uranium-Vanadium Project in Argentina. The company is conducting surface exploration and updating environmental permits for further drilling. They are using various techniques, including an isotopic survey, to detect uranium mineralization at depth. Blue Sky is also working towards finalizing a joint venture transaction with Corredor Americano S.A. (COAM), which could earn up to an 80% interest in the Ivana deposit.
Additionally, Argentina has approved new investment legislation called the Bases Law, which includes an Incentive Regime for Large Investments (RIGI). This regime offers significant benefits for investments over US$200 million in mining, including tax stability, reduced income tax rates, and exemptions from import-export duties.
Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) has appointed Mr. Pompeyo Gallardo as Vice President Corporate Development. Mr. Gallardo brings 29 years of experience in corporate finance, with expertise in project structuring, financing, and various financial instruments. His background includes roles as a CFO and Corporate Development consultant for junior mining companies in Canada, particularly those with Latin American projects. He has also held positions at major banks like CIBC and Scotiabank.
Nikolaos Cacos, President and CEO of Blue Sky Uranium, expressed enthusiasm about the appointment, stating that Mr. Gallardo's extensive capital markets and finance experience will contribute significantly to the company's growth plans and efforts to advance to the next level.
Blue Sky Uranium (TSXV: BSK, FSE: MAL2, OTCQB: BKUCF) will present a live corporate update in Red Cloud's Virtual Webinar Series on June 17, 2024, at 2:00 pm ET. The presentation includes a live Q&A session. The webinar replay will be available via email and on the Red Cloud website. Additionally, Blue Sky Uranium has announced an agreement to advance the Ivana Uranium Deposit to feasibility and eventually to commercial production. This focus on uranium positions the company well for future growth in the commodities sector.
Blue Sky Uranium has acquired two new projects in Argentina, totaling nearly 80,000 hectares, aimed at discovering ISR-amenable uranium deposits in the Neuquén Basin. The acquisitions include a 20,000-hectare Corcovo project and a 60,000-hectare Chihuidos project, both identified for their uranium exploration potential. The company is updating and verifying data from historic oil and gas exploration to prioritize future targets for drill testing. These acquisitions complement Blue Sky's existing Amarillo Grande Project, enhancing its position in uranium exploration in Argentina.
Blue Sky Uranium announced a binding term sheet with Corredor Americano (COAM) to advance the Ivana Uranium-Vanadium Deposit to feasibility and commercial production. COAM can earn up to 50% interest by investing $35M for pre-feasibility and feasibility studies, with an option to increase their stake to 80% by funding 100% of capital costs.
Initial 50% interest is granted by completing feasibility studies; an extra 1% upon funding capital costs and additional 29% for commercial production funding. Blue Sky retains a free carry on capital costs. Plans include exploring and drilling new targets, potentially adding new discoveries to the joint venture.
Definitive agreements are to be negotiated within 90 days, subject to conditions like COAM's due diligence and regulatory approvals. The partnership aims to expedite Ivana's progress, leveraging COAM's expertise.
Blue Sky Uranium (TSXV: BSK, OTCQB: BKUCF) will present a live virtual corporate update in Red Cloud's Virtual Webinar Series on May 23, 2024, at 2:00 pm ET. Shareholders and interested parties are invited to register for the event, which includes a Q&A session. The replay will be available via email and on Red Cloud's website. The presentation will cover advanced exploration activities in a new Uranium/Vanadium district in Argentina.
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