Blue Sky Uranium Expands Drill Plan to Advance the Ivana Uranium-Vanadium Project

Blue Sky Uranium Expands Drill Plan to Advance the Ivana Uranium-Vanadium Project

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

Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce an update to the 2025 drill program to advance the Ivana Uranium-Vanadium deposit towards feasibility. The drill program is being planned and executed by Blue Sky's joint-venture operating company Ivana Minerales S.A., (" JVCO ", a partnership with Abatare Spain, S.L.U.).

Blue Sky Uranium Corp. logo (CNW Group/Blue Sky Uranium Corp.)

The updated programs have led to a doubling of the original budget to US$6.0M , beyond the minimum annual commitment of US$3M for the first year stipulated in the joint-venture agreement. The new estimate includes US$4.4M for the infill drilling program and US$1.6M for a subsequent exploration drilling program.

Nikolaos Cacos , President & CEO of the Company stated, "It is clear that JVCO has decided to move forward with an aggressive work plan aimed at achieving technical and economic feasibility in the shortest possible time. This supports the near-term goal for Ivana: building a strong asset for our shareholders that offers Argentina a potential domestic uranium supply for its nuclear energy generation."

As previously reported, the next program is expected to include up to 6,000 metres of reverse circulation (" RC ") drilling. The program has been refined to include approximately 330 drill holes with an estimated average depth of 18 metres as shown in Figure 1 . This will include infill drilling to support the reclassification of some inferred mineral resources to indicated mineral resources and to improve the geological modeling to allow the design of the deposit to be adjusted for mining. A second phase RC drill program of up to 2,500 metres now been planned to follow the infill program. This program will test at least two new high-potential exploration targets surrounding Ivana.

Drilling proposals are currently being evaluated, and the JVCO team is prioritizing the availability of equipment and the possibility of having two rigs drilling simultaneously to accelerate the work plan.

The Company expects the drill program to begin this fiscal quarter once the final technical, legal and community requirements have been completed.

In addition to planning the drill program, the JVCO technical team is continuing its process of evaluating engineering companies capable of advancing the other technical and economic aspects of the project toward feasibility. In adherence to the principles of both joint-venture participants, the winning bid will offer the highest standards of modern and sustainable mining, extensive local experience, the ability and assurance of meeting the proposed goals within the required timeline and a commitment to an appropriate budget.

Qualified Persons

The technical contents of this news release have been reviewed and approved by Mr. Ariel Testi , CPG, who works for the Company and is a Qualified Person as defined in National Instrument 43-101.

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 JVCO 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 JVCO 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 & MD&A available at 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 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 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. Blue Sky is advancing its flagship Ivana Uranium-Vanadium Deposit through a joint venture with subsidiaries of Corporación América Group. 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 drilling campaign at the Ivana deposit and the timing thereof and the prospective nature of the "Bajo Huenteleo" target area. 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; ri   sks 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 drilling 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.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/blue-sky-uranium-expands-drill-plan-to-advance-the-ivana-uranium-vanadium-project-302454695.html

SOURCE Blue Sky Uranium Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/14/c4892.html

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Argentina’s emerging uranium resource developer

Blue Sky Uranium Schedules Start of Drill Program for Ivana Uranium-Vanadium Project

Blue Sky Uranium Schedules Start of Drill Program for Ivana Uranium-Vanadium Project

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

Blue Sky Uranium Corp. (TSX-V: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce that it has secured drill contractors and scheduled a start date of June 1 st 2025 for the previously announced drill programs to advance the Ivana Uranium-Vanadium Project (the " Project ").  As reported on May 14, 2025 Blue Sky's joint-venture operating company Ivana Minerales S.A., (" JVCO ", a partnership with Abatare Spain, S.L.U.) has planned a two-phase drilling campaign. The first phase will focus on infill drilling at the Ivana deposit, while the subsequent second phase will test satellite targets.  The entire campaign is expected to last approximately five months.

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AMENDED FROM SOURCE - Blue Sky Uranium Increases and Closes 2nd and Final Tranche of the Oversubscribed Non-Brokered Private Placement

AMENDED FROM SOURCE - Blue Sky Uranium Increases and Closes 2nd and Final Tranche of the Oversubscribed Non-Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2

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Blue Sky Uranium Increases and Closes 2nd and Final Tranche of the Oversubscribed Non-Brokered Private Placement

Blue Sky Uranium Increases and Closes 2nd and Final Tranche of the Oversubscribed Non-Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

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

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Blue Sky Uranium Closes 1st Tranche of the Non-Brokered Private Placement

Blue Sky Uranium Closes 1st Tranche of the Non-Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Blue Sky Uranium Corp. logo (CNW Group/Blue Sky Uranium Corp.)

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

VANCOUVER, BC , April 7, 2025 /CNW/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) , ("Blue Sky" or the "Company") is pleased to announce it has closed a first tranche of the non-brokered private placement (the " Offering ") through the issuance of 24,336,000 units at a subscription price of $0.05 per unit for aggregate gross proceeds of $1,216,800 . The Company announced the private placement on March 27, 2025 .

Each Unit consists of one common share (each, a " Share ") and one transferrable common share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one Share at a price of $0.07 for a period of four (4) years from the date of issue, expiring on April 8, 2029 .

Finder's fees of $25,060 are payable in cash on a portion of the private placement to parties at arm's length to the Company. In addition, 501,200 non-transferable finder's warrants are being issued (the " Finder's   Warrants "). Each Finder's Warrant entitles a finder to purchase one common share at a price of $0.05 per share for four (4) years from the date of issue, expiring on April 8, 2029 .

Certain insiders of the Company participated in the Private Placement for $36,750 in Units. Such participation represents a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "), but the transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transaction, nor the consideration paid, exceed 25% of the Company's market capitalization.

This Offering is subject to regulatory approval and all securities to be issued pursuant to the Offering in this first tranche are subject to a four-month hold period under applicable Canadian securities laws expiring on August 8, 2025 . The proceeds of the Offering will be used for general working capital.

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"
______________________________________
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.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States .

SOURCE Blue Sky Uranium Corp.

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Blue Sky Uranium Announces Start-Up of New JV Company to Advance the Ivana Uranium-Vanadium Deposit

Blue Sky Uranium Announces Start-Up of New JV Company to Advance the Ivana Uranium-Vanadium Deposit

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

Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce that it has, with its joint-venture ("JV") partner Abatare Spain, S.L.U. ("COAM"), founded the new operating company Ivana Minerales S.A. ("JVCO") that will advance the Ivana Uranium-Vanadium deposit in Rio Negro Province of Argentina per the previously announced earn-in transaction ("the Agreement") (see News Release dated February 27, 2025 ). The Company also announces that Mr. Luis Leandro Rivera has been appointed as General Manager for JVCO. Mr. Rivera has thirty years of experience in all facets of mining from exploration to mine operations, including most recently serving as Senior Vice President of the Latin American region for AngloGold Ashanti ("AGA"). In that role, he oversaw the senior management responsible for operations, sustainability, finance and other functions at four mines in two countries. Prior to that, he was General Manager of AGA's Cerro Vanguardia mine in Argentina .

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  • Seasoned metallurgist with heap leach and uranium experience to lead process plant development
  • Hiring supports potential lenders' due-diligence process and transition from design to operations

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or "the Company") is pleased to announce that it has appointed Mr. Deogratias M. Bukunkwe as Project Commissioning Metallurgist to further advance the development of its Muntanga uranium project in Zambia (the "Muntanga Project").

Mr.  Bukunkwe, a Zambian national, brings more than 25 years of process start-up and operations experience, including senior start up roles at Kayelekera and Langer Heinrich uranium mines, leading the Operational Readiness at DRA Minopex, and most recently serving as Commissioning Manager on Freeport-McMoRan's Grasberg Gold and Copper Cleaner Concentrator in Indonesia.

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Purepoint Announces Amendment of Omnibus Equity Incentive Compensation Plan

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Skyharbour's Partner Company Mustang Energy Commences Field Program at 914W Uranium Project Located in the Athabasca Basin, Saskatchewan

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Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ("Skyharbour" or the "Company") is pleased to announce that partner company Mustang Energy Corp. ("Mustang") has commenced its 2025 field exploration program at the 914W Uranium Project (the "Project"), located in Athabasca Basin region. Mustang Energy may acquire a 75% interest in the Project by issuing common shares having an aggregate value of CAD $480,000, making aggregate cash payments of $275,000 to Skyharbour, and incurring an aggregate of $800,000 in exploration expenditures on the property over a three-year period.

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Purepoint Completes Initial Drill Program Along Groomes Lake Conductive Corridor at Smart Lake JV

Purepoint Completes Initial Drill Program Along Groomes Lake Conductive Corridor at Smart Lake JV

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") today reported the completion of its initial drill program at the Smart Lake Joint Venture in Saskatchewan's Athabasca Basin. The first-pass program, which included 1,264 metres of diamond drilling across three holes, was conducted to test newly identified electromagnetic (EM) conductors along the Groomes Lake Conductive Corridor. The drill program provided a critical step in defining high-priority uranium exploration targets associated with the Groomes Lake conductive features.

The Smart Lake Project is a joint venture between Cameco Corporation (73%) and Purepoint (27%) and is located approximately 60 km south of the former Cluff Lake uranium mine and 18 km west-northwest of Purepoint's Hook Lake JV project.

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Purepoint Uranium Announces Flow-Through Private Placement

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