Blue Sky Uranium Stock Price, News & Analysis

Blue Sky Uranium Corp. (OTC: BKUCF) announces the resumption of its 4,500 meter exploration drilling program at the Ivana Central target, near its Ivana Deposit in Argentina. Previous drilling in 2020 at Ivana Central revealed anomalous uranium. The new drilling aims to assess the mineralization potential discovered earlier, focusing on a 5 by 9 km area. The company has made progress at the Ivana North target, completing 1,584 meters. CEO Nikolaos Cacos expresses eagerness to advance the project, which holds promise for uranium discovery in the region.

On April 5, 2022, Blue Sky Uranium Corp. (OTC: BKUCF) announced significant assay results from its reverse circulation drilling at the Ivana Deposit in Argentina's Amarillo Grande project. The drilling program revealed several intervals of high-grade uranium and vanadium mineralization, including 5m averaging 1,566ppm U₃O₈ and 243ppm V₂O₅ in hole AGI-568. The results confirm the potential to expand and upgrade the deposit, with a total of 970 samples analyzed from 115 drill holes. The final batch of results is pending from an additional 209 holes.

Blue Sky Uranium Corp. (OTCQB: BKUCF) has completed its drilling program at the Ivana Deposit in Argentina's Amarillo Grande Project. The program, totaling 3,255 meters across 350 holes, aims to expand and upgrade the mineral resource estimate. The company plans further drilling at the Central target, approximately 10 kilometers from Ivana, to identify new resources. Preliminary results from the Ivana North area indicate potential for uranium mineralization. Assay results will be released in the coming weeks, indicating the company's progress toward advancing the project.

Blue Sky Uranium Corp. has applied to the TSX Venture Exchange to extend the expiry of 7,258,500 outstanding warrants from February 28, 2022, to February 28, 2023. These warrants, issued during a private placement in February 2018, have an exercise price of $0.35 and will convert to common shares upon exercise. If the average trading price exceeds $0.75 for five consecutive days, the company may accelerate the exercise period. The extension requires approval from the TSX Venture Exchange.

Blue Sky Uranium Corp. announced results from the first twenty-six holes of its drilling program at the Ivana Deposit in the Amarillo Grande Uranium-Vanadium Project, Argentina. The results include significant findings such as 3m averaging 431ppm U₃O₈ and high vanadium values. Notably, 23 holes reported intervals over 150ppm V₂O₅. The ongoing drilling program aims to expand and upgrade the mineral resource estimate, advancing the project toward prefeasibility studies.

Blue Sky Uranium Corp. (OTC: BKUCF) announced that the Supreme Court of the Province of Rio Negro has dismissed a lawsuit from environmental activists against its Amarillo Grande project. The ruling is final, as no further appeals were filed by the plaintiffs. The company and its Argentine subsidiary, Minera Cielo Azul, are operating with all necessary permits and law compliance. CEO Nikolaos Cacos expressed relief at resolving the matter, allowing the company to refocus on exploration efforts, including drilling and environmental studies.

Blue Sky Uranium Corp. (OTC: BKUCF) announced the successful exercise of 4,760,000 warrants through its Incentive Program, generating $1,190,000 in gross proceeds. The company issued an equal number of incentive warrants, allowing holders to acquire shares at $0.35 until October 23, 2024. The funds will be allocated to working capital and exploration in Argentina, enhancing the company’s uranium project potential. The exercise is subject to a hold period and a formal application for exchange acceptance will be submitted.

Blue Sky Uranium Corp. (OTC: BKUCF) announces progress on its 3,500 metre reverse circulation drilling program at the Ivana deposit, with 50 holes and 293 metres completed. Permits for drilling at the Ivana Central target have been secured. Initial results indicate promising signs of mineralization, particularly in the Ivana North area, where 30% of drilled holes returned low-grade uranium intercepts. The exploration aims to further assess the potential of these targets, which could contribute to a multi-deposit uranium district.

Blue Sky Uranium Corp. (OTC: BKUCF) announced an Incentive Program to encourage the exercise of warrants from a previous private placement. The program applies to warrants issued on October 23, 2019, which expire on October 23, 2021. The Incentive Program, pending TSX Venture Exchange approval, offers an additional Incentive Warrant for every Placement Warrant exercised, allowing warrant holders to acquire shares at $0.35 for three years. Proceeds will fund working capital and exploration in Argentina.