Blue Sky Uranium Stock Price, News & Analysis

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.

Blue Sky Uranium Corp. (OTCQB: BKUCF) announced the issuance of 1,666,714 common shares at a price of $0.2063 per share, totaling $343,843.20 to settle drilling services. This issuance is a follow-up to a news release dated September 29, 2021, and the shares are subject to a four-month hold period expiring on February 2, 2022. The company is focused on advancing uranium discoveries in Argentina, aiming to deliver exceptional returns to shareholders.

Blue Sky Uranium Corp. has entered into an agreement with AGV Falcon Drilling S.R.L. for the issuance of common shares in exchange for drilling services at the Ivana Central and Norte Projects in Argentina. The total potential payment could reach US$590,265, settled by issuing up to 6,356,700 shares in three tranches. An initial invoice of US$343,843.20 has been received, with a proposal to issue 1,666,714 shares at a deemed price of $0.2063 per share. The issuance is subject to exchange acceptance, with a right of first refusal on shares until January 20, 2024.

Blue Sky Uranium Corp. (OTC: BKUCF) has applied to the TSX Venture Exchange to extend the expiration date of 5,793,333 outstanding warrants from October 23, 2021, to October 23, 2024. The exercise price will remain at $0.25 per warrant, allowing for the conversion into common shares. The extension is pending approval from the TSXV. Blue Sky Uranium is focused on uranium discovery in Argentina, aiming to advance its portfolio of uranium deposits while being environmentally and socially responsible.

Blue Sky Uranium Corp. (OTCQB: BKUCF) is launching a 3,500 metre reverse circulation drilling program to enhance the Ivana Deposit at its Amarillo Grande Uranium-Vanadium Project in Argentina. This initiative follows a 4,500 metre regional exploration campaign currently underway. The new drilling will focus on expanding the deposit's boundaries and improving resource estimates. Past sampling indicated promising results, with uranium and vanadium concentrations suggesting significant mineralization potential.

Blue Sky Uranium Corp. (OTC: BKUCF) held its Annual General & Special Meeting on June 28, 2021, where 74,104,332 shares, representing 45.73% of outstanding shares, were cast in favor of the management's nominees for director. All resolutions proposed were supported by shareholders, leading to the re-election of directors Joseph Grosso, David Terry, and Nikolaos Cacos. The company, a leader in uranium discovery in Argentina, aims to advance uranium deposits efficiently while considering environmental and community impacts.