Blue Sky Uranium Announces Registration of Mining Rights Transfer for Ivana Uranium-Vanadium Project, Argentina

Rhea-AI Summary

Blue Sky Uranium (OTC:BKUCF) has achieved a significant milestone for its Ivana Uranium-Vanadium Project in Argentina's Río Negro Province. The Provincial Mining Authority has officially registered the transfer of mining concessions from Minera Cielo Azul S.A. to Ivana Minerales S.A. (IMSA), the joint venture company established to advance the project.

The registration, completed on June 10, 2025, finalizes the legal process for the mining rights transfer in accordance with Argentine regulations. Official titles under IMSA's name are expected soon. The joint venture is currently conducting a drilling program to support engineering and pre-feasibility studies.

Positive

• Successful completion of mining rights transfer to joint venture company
• Ongoing drilling program supporting pre-feasibility study development
• Strategic alignment with local partners through joint venture structure

Negative

• None.

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC, Sept. 25, 2025 /PRNewswire/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce that the Río Negro Provincial Mining Authority has formally registered the transfer of mining concessions from Minera Cielo Azul S.A. ("MCA") to Ivana Minerales S.A. ("IMSA") the joint venture company ("JVCO") established to advance the Ivana Uranium-Vanadium Project in the Province of Río Negro, Argentina.

The registration, completed on June 10, 2025, is another significant milestone in the advancement of the Ivana Project. This formal recognition by the provincial authority completes the legal process for the transfer of mining rights to IMSA in accordance with the requirements of the Argentine Mining Code and provincial regulations. The issuance of official titles in the name of IMSA is pending and expected imminently.

Nikolaos Cacos, President & CEO of the Company stated, "We established IMSA to align the interests and expertise of Blue Sky Uranium and its local partners. The JVCO structure will be most effective in advancing the project through each stage of the project development, as demonstrated by the completion of this step of registering the mining rights. Meanwhile, IMSA is operating the ongoing drilling program which is delivering data to support engineering and other studies for the planned pre-feasibility study."

About Ivana Minerales S.A.

Ivana Minerales S.A. is the operating company for the joint-venture between Blue Sky and its partner Abatare Spain, S.L.U. ("COAM") to advance the Ivana Uranium-Vanadium deposit in Rio Negro Province of Argentina. The activities of IMSA are subject to the earn-in transaction (the "Agreement") in which COAM will fund cumulative expenditures of US$35 million to acquire a 49.9% indirect equity interest in the Ivana deposit, and then has the further right to earn up to an 80% equity interest in IMSA by completion of a feasibility study and funding the costs and expenditures up to US$160,000,000 to develop and construct the project to commercial production, subject to the terms and conditions in the Agreement. For additional details, please refer to the News Release dated February 27, 2025, as well as the Company's latest Financial Statements and MD&A available at www.blueskyuranium.com.

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 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'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's recently optioned Corcovo project has demonstrated potential to host an in-situ recovery uranium deposit. 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"
______________________________________
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.

This news release may contain forward-looking statements and forward-looking information (collectively, the "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements that, other than statements of historical fact, address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's planned exploration campaigns. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: uncertainty relating to mineral resources; risks related to heavy metal and transition metal price fluctuations, particularly uranium and vanadium; risks relating to the dependence of the Company on key management personnel and outside parties; the potential impact of global pandemics; risks and uncertainties related to governmental regulation and the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, including in respect of the Company's planned exploration program described in this news release. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-sky-uranium-announces-registration-of-mining-rights-transfer-for-ivana-uranium-vanadium-project-argentina-302566522.html

SOURCE Blue Sky Uranium Corp.

FAQ

What milestone did Blue Sky Uranium (BKUCF) announce for its Ivana Project in September 2025?

Blue Sky Uranium announced the formal registration of mining concessions transfer from Minera Cielo Azul S.A. to Ivana Minerales S.A. (IMSA), their joint venture company, by the Río Negro Provincial Mining Authority.

When was the mining rights transfer for Blue Sky Uranium's Ivana Project completed?

The mining rights transfer registration was completed on June 10, 2025 by the Río Negro Provincial Mining Authority in Argentina.

What is the current status of Blue Sky Uranium's Ivana Project development?

The project is currently undergoing a drilling program through IMSA to gather data for engineering and other studies needed for the planned pre-feasibility study.

What is IMSA's role in Blue Sky Uranium's Ivana Project?

IMSA (Ivana Minerales S.A.) is the joint venture company established to advance the Ivana Uranium-Vanadium Project, aligning Blue Sky Uranium's interests with local partners for project development.