Blue Sky Uranium (TSXV:BSK; OTC Grey:BKUCF) was recently featured on BNN’s Investment Trends in an article regarding the company’s standing in Argentina’s Patagonia region, where they are mining for uranium and vanadium in a 4,600-square-kilometer deposit in their Amarillo Grande project.
The article highlighted the state of uranium within the Argentine market, which is looking to alternatives to oil as a source of energy and is particularly interested in local supplies. “For the longest time, Argentina’s government has had a shortage of US dollars, and one of the primary reasons for that is that they need to import oil for energy, and they are looking at uranium as the alternative way to accomplish two things,” said Blue Sky Uranium CEO Nikolaos Cacos.
The article also outlined the growing value of vanadium linked to uranium deposits. Vanadium is used in mass electricity storage devices and has seen a growing price over the last year. The significant presence of vanadium in Blue Sky Uranium’s project is seen as a potential additional revenue stream for the company.
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