Blue Sky Uranium Announces Registration of Mining Rights Transfer for Ivana Uranium-Vanadium Project, Argentina
Blue Sky Uranium Announces Registration of Mining Rights Transfer for
Ivana Uranium-Vanadium Project, Argentina
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER, BC
,
Sept. 25, 2025
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2) (OTC: BKUCF),
("Blue Sky"
or the
"Company")
is pleased to
announce that the Río Negro Provincial Mining Authority has formally registered the transfer of mining concessions from
Minera Cielo Azul S.A
. ("
MCA
") to Ivana
Minerales S.A. ("
IMSA
") the joint venture company ("
JVCO
") established to advance the Ivana Uranium-Vanadium Project in the Province of Río Negro,
Argentina
.
The registration, completed on
June 10, 2025
, is another significant milestone in the advancement of the Ivana Project. This formal recognition by the provincial
authority completes the legal process for the transfer of mining rights to IMSA in accordance with the requirements of the Argentine Mining Code and provincial
regulations. The issuance of official titles in the name of IMSA is pending and expected imminently.
Nikolaos Cacos
, President & CEO of the Company stated,
"We established IMSA to align the interests and expertise of Blue Sky Uranium and its local partners.
The JVCO structure will be most effective in advancing the project through each stage of the project development, as demonstrated by the completion of this
step of registering the mining rights. Meanwhile, IMSA is operating the ongoing drilling program which is delivering data to support engineering and other
studies for the planned pre-feasibility study."
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 IMSA 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 IMSA 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 and MD&A available at
www.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 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'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's recently optioned Corcovo project has demonstrated potential
to host an in-situ recovery uranium deposit. 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 exploration campaigns. 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; risks 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 exploration 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.
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For further information:
For further information please contact: Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058, Email:
CO: Blue Sky Uranium Corp.
CNW 07:00e 25-SEP-25