- Blue Sky Uranium is an advanced exploration company uniquely positioned with potential to become the first low-cost, near-term uranium producer in Argentina.
- Argentina is a nuclearized country on the path to increasing its nuclear energy capacity, creating a steady demand for uranium.
- The company’s flagship project, Amarillo Grande, is a district-scale opportunity with an inferred resource estimate of 22.7 million pounds of uranium and 11.5 million pounds of vanadium.
- Amarillo Grande shares the same geology and characteristics as Kazakhstan, which currently hosts the world’s biggest uranium deposits.
- Led by an experienced management team with a successful track record of major discoveries in Argentina.
Blue Sky Uranium (TSXV:BSK,OTC:BKUCF, FSE:MAL2) is an advanced exploration company uniquely positioned with potential to become the first low-cost, near-term uranium producer in Argentina, to help address a consistent, in-country demand and a growing global supply deficit for uranium.
Since the reactivation of its nuclear energy program in 2006, Argentina has been growing its nuclear energy capacity as part of the government’s goal to diversify its power generation mix. With three nuclear plants currently in operation, Argentina is set to begin construction of a fourth nuclear plant by the end of 2022, with plans for the construction of a fifth plant currently in development. All these developments translate to an emerging domestic demand for uranium, a primary mineral used for nuclear reactors.
Argentina is not the only country undergoing a nuclear revival. Geopolitical events in recent years have caused governments to re-evaluate their energy security and sustainability goals to move away from fossil fuels and pursue alternative power sources, including nuclear energy.
Blue Sky Uranium’s flagship Amarillo Grande Project, in the Rio Negro province of Argentina, is a recently uncovered new uranium district with geological similarities to those in Kazakhstan, which hosts the world’s largest uranium deposits and produced 45 percent of the world’s uranium supply in 2021. Based on Blue Sky’s preliminary economic assessment, Amarillo Grande has the potential to become the lowest-cost producer of uranium and be ranked among the largest uranium districts in the world.
With Argentina’s anticipated demand for uranium expected to grow as it strengthens its nuclear energy program, the Amarillo Grande project has the potential to make Blue Sky the largest domestic supplier of uranium for the entire country. (For more insight on Blue Sky Uranium, watch these recent interviews with the company's president and CEO Nikolaos Cacos. )