Overview

Blue Sky Uranium (TSXV:BSK,OTC:BKUCF, FSE:MAL2) is an advanced exploration company uniquely positioned with potential to become the first low-cost, uranium producer in Argentina, helping address a consistent, in-country demand and a forecast 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 has plans to construct two more nuclear power plants, giving rise to increasing 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 new uranium district with geological similarities to those in Kazakhstan, which hosts the world’s largest uranium deposits and produced 43 percent of the world’s uranium supply in 2022. Based on Blue Sky’s preliminary economic assessment, if the Ivana deposit were advanced to production it has the potential to rank amongst the lowest-cost producers of uranium on a global basis.

The Amarillo Grande Project has a current NI 43-101 inferred resource estimate of 22.7 million pounds of uranium and 11.5 million pounds of vanadium (28 million tonnes averaging 0.037 percent U308 and 0.019 percent V2O5 at a 100 ppm uranium cut-off; ) with a positive preliminary economic assessment (Kuchling et al. 2019).

The company is a member of the Grosso Group, an organization that has operated in Argentina for over 27 years.

Blue Sky Uranium has an experienced management team with a successful track record of major discoveries in Argentina. Nikolaos Cacos brings more than 30 years of experience in executive management and advisory expertise in the mineral exploration industry and holds a bachelor’s degree in science and a master’s in international management. Guillermo Pensado, vice-president of exploration and development, is a geologist with 25 years of experience in the mineral exploration industry specializing in uranium.

Company Highlights

• Blue Sky Uranium is an advanced exploration company uniquely positioned with potential to become the first low-cost, uranium producer in Argentina.
• Argentina is 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 hosting the Ivana Deposit as well as multiple other targets
• Ivana has a current NI 43-101 inferred resource estimate of 22.7 million pounds of uranium and 11.5 million pounds of vanadium (28.0 million tonnes averaging 0.037 percent U308 and 0.019 percent V2O5 at a 100 ppm uranium cut-off) and a positive preliminary economic assessment (PEA).
• Blue Sky is led by an experienced management team with a successful track record of major discoveries in Argentina.