Blue Sky Uranium Appoints PI Financial as Market Maker

Rhea-AI Summary

Blue Sky Uranium Corp. (TSXV: BSK, OTC: BKUCF) has appointed PI Financial Corp. as its market maker, as announced on August 29, 2022. This collaboration aims to maintain an orderly market on the TSX Venture Exchange. Blue Sky will compensate PI with a monthly fee of $4,000 for a minimum of three months, and PI will not receive any shares or options as part of this agreement. Blue Sky's strategy focuses on advancing its uranium projects in Argentina, particularly the flagship Amarillo Grande Project, to supply the growing local and international markets.

Positive

• Appointment of PI Financial Corp. as market maker may enhance liquidity and trading of the stock.
• Focus on advancing uranium projects could position the company favorably in the growing market.

Negative

• Monthly cash fee of $4,000 may affect short-term cash flow.
• Dependence on market maker performance may introduce risks if market conditions fluctuate.

VANCOUVER, BC, Aug. 29, 2022 /PRNewswire/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky"or the "Company") is pleased to announce that it has retained PI Financial Corp. ("PI") to provide market making services in accordance with TSX Venture Exchange policies.

PI will trade the securities of the Company on the TSX-V for the purposes of maintaining an orderly market. In consideration of the services provided by PI, the Company will pay PI a monthly cash fee of $4,000 for minimum term of three months and renewable thereafter.  The Company and PI are unrelated and unaffiliated entities.  PI will not receive shares or options as compensation and does not hold any shares in the Company for long term investment purposes for the benefit of PI Financial.  The capital used for market making will be provided by PI.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

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Nikolaos Cacos, President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Blue Sky Uranium Corp.

FAQ

What services will PI Financial provide to Blue Sky Uranium?

PI Financial will provide market-making services on the TSX-V to maintain an orderly market for Blue Sky Uranium's securities.

What is the financial arrangement between Blue Sky Uranium and PI Financial?

Blue Sky Uranium will pay PI Financial a monthly fee of $4,000 for a minimum term of three months.

How might the appointment of PI Financial impact Blue Sky Uranium's stock?

The appointment could enhance liquidity and improve trading conditions for Blue Sky Uranium's stock.

What is the focus of Blue Sky Uranium's business?

Blue Sky Uranium is focused on uranium discovery and advancing its projects in Argentina, aiming to supply the domestic and international markets.