Niko Cacos: Juniors to Benefit as Uranium Optimism Trickles Down

Energy Investing

Producers are starting to be recognized by the market, says Niko Cacos, president and CEO of Blue Sky Uranium. Juniors are likely to follow.

Uranium remains a hot commodity after a significant price increase in 2018, and many experts expect further gains this year.

Speaking with the Investing News Network at the recent Vancouver Resource Investment Conference, Niko Cacos, president and CEO of Blue Sky Uranium (TSXV:BSK), said he feels optimistic.

“Yes we do expect to see that price continue to move,” he commented on the sidelines of the show. “And I think that my prediction — because I’m not in the uranium prediction business — is corroborated by a lot of the analysts who do this forecasting.”

Blue Sky is focused on its Amarillo Grande uranium project in Argentina, which Cacos said is “not just a new deposit, but an entire district of uranium.” The company is currently working on a preliminary economic assessment, with news soon to be released.

Cacos believes that investors should watch Blue Sky and other small-cap uranium companies in 2019.

“The market … is beginning to recognize the larger producers right now — that the price of uranium has been moving up and that we’re entering a uranium bull phase. As that trickles down … [to] … the smaller juniors like Blue Sky I think we’re going to see tremendous moves in the market caps that we’ve got.”

Listen to the interview above for more insight from Cacos on Blue Sky and Argentina. You can also click here to view our full playlist from the conference on YouTube.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Blue Sky Uranium is a client of the Investing News Network. This article is not paid-for content.

The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

The Conversation (0)