Blue Sky Uranium Corporate Update
Blue Sky Uranium Corporate Update
TSX Venture Exchange (TSX-V):
BSK
Frankfurt Stock Exchange (FSE):
MAL2
OTCQB Venture Market (OTC):
BKUCF
VANCOUVER, BC
,
Jan. 15, 2025
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2)
(OTC: BKUCF)
, ("Blue Sky"
or the
"Company")
is pleased to provide an update on corporate
activities and outlook for 2025. Last year was a pivotal one for the Company, with several major
milestones reached, including: a positive new Preliminary Economic Assessment ("PEA") for the
Ivana deposit at the flagship Amarillo Grande project; a strategic partnership and definitive earn-in
agreement with Abatare Spain, S.L.U. ("COAM") to facilitate advancing Ivana through feasibility and
potentially commercial production; and, a new initiative to explore for in-situ recovery uranium
targets, including two project acquisitions with significant potential for discovery.
In 2025, the Company will continue to build on its momentum, starting with the planned Special
Meeting of Shareholders to approve the earn-in agreement with COAM. Once approved, the joint
venture will resume the detailed engineering and other work required to complete a pre-feasibility
study of the Ivana deposit. In order to provide continuity with previous work and to oversee Blue's
Sky's interest, the Company is rearranging internal positions to allow the formation of the future
technical committees within the joint venture with COAM. To this effect, Blue Sky reports that
Guillermo Pensado
has agreed to serve as the Company's Technical Consultant for the joint venture
and will relinquish his role as Vice President, Exploration and Development. In this new role, he will
focus on the proposed advancement of the Ivana deposit as well as the other exploration activities
associated with the COAM agreement.
Nikolaos Cacos
, President & CEO of the Company stated,
"Since 2016, Guillermo has been a key
driver of discovery at Amarillo Grande, and has overseen all aspects of advancing the Ivana
deposit. We are pleased to now have him in this very important role, where his expertise and
continued enthusiasm for the deposit, the project and exploration in
Argentina
will help ensure the
success of the joint venture."
Mr. Cacos continued,
"The endorsements for doing business in
Argentina
right now are wide-
spread, and we are also seeing that reflected in the market. As early and consistent champions of
exploring in
Argentina
, we are pleased to see this support, and look forward to creating strong
news flow as we make strides on all of our projects in 2025."
Blue Sky continues exploration-related activities at its Corcovo and Chihuidos projects. Permitting for
fieldwork remains in progress, and desktop studies are on-going in order to identify and hone targets
that will be ready for detailed ground work when permits are issued. Additional programs this year
may include regional exploration at Amarillo Grande.
Qualified Persons
The technical contents of this news release have been reviewed and approved by Dr.
David Terry
,
Ph.D., P. Geo. Dr. Terry is a Director of the Company and a Qualified Person as defined in National
Instrument 43-101.
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 surficial 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 has the exclusive right to properties in two
provinces in
Argentina
. The Company'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 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. Forward-looking statements address
future events and conditions and therefore involve inherent risks and uncertainties. All statements,
other than statements of historical fact, that 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 plans for its mineral properties; the Company's
business strategy, plans and outlooks; the future financial or operating performance of the
Company; and future exploration and operating plans are forward-looking statements.
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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: [email protected]
CO: Blue Sky Uranium Corp.
CNW 07:00e 15-JAN-25