Blue Sky Uranium Corp. - BKUCF STOCK NEWS

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.

Blue Sky Uranium Corp. announces the filing of the NI 43-101 Technical Report supporting the independent Preliminary Economic Assessment for the Ivana Deposit at the Amarillo Grande Uranium-Vanadium Project. The PEA shows strong economics from a surficial mining operation with 80% of resources now in the Indicated category.

Blue Sky Uranium (BKUCF) to Present at Red Cloud's Pre-PDAC 2024 Mining Showcase

Blue Sky Uranium Corp. announces positive results of a new Preliminary Economic Assessment for the Ivana Uranium-Vanadium deposit at the Amarillo Grande Project in Argentina. The PEA showcases robust economics with an after-tax NPV of $227.7 million, IRR of 38.9%, and payback period of 1.9 years. The PEA highlights a surficial mining operation with 11 years of production, positioning the Ivana deposit as a low-cost uranium-vanadium project. The Company plans to conduct a prefeasibility study for Ivana and continue exploration work in the Amarillo Grande project.

Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) has applied to extend the term of outstanding warrants, with 38,590,654 unexercised warrants set to expire on January 11 and January 26, 2024, to be extended to January 11 and January 26, 2026. The exercise price of the warrants will remain at $0.25, and each warrant, when exercised, will be exchangeable for one common share of the company.

Blue Sky Uranium (TSXV: BSK) to Host Live Corporate Update with Red Cloud Financial Services on August 9th, 2023

Blue Sky Uranium Corp. has entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network (INN). INN will provide advertising to increase awareness of the issuer for a 12-month term. The cost of the campaign is $32,400.