Corporate Update
Corporate Update
VANCOUVER, BC
,
Jan. 12, 2022
/CNW/ -
Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2)
(OTC: BKUCF)
, ("Blue Sky" or the "Company")
announces that the lawsuit introduced before the
Supreme Court of the Province of
Rio Negro
and a subsequent appeal filed before the same Court
against the Company have been dismissed. The plaintiffs have not filed any further appeals,
therefore the ruling is final. On
September 16, 2021
, the Company announced that its wholly owned
Argentine subsidiary,
Minera Cielo Azul S.A
. ("
MCA
"), had received notice that it had been named in
a lawsuit by anti-mining, environmental activists in
Argentina
against the Amarillo Grande project (the
"
Project
"). The defendants in this action were MCA and the Government of the Province of
Rio
Negro
.
As initially stated by the Company, the lawsuit proved to be without merit. The Company and MCA
have obtained the relevant permits for all its exploration activities and operate in full compliance with
applicable laws and regulations.
"We are pleased to have this matter behind us and give our full attention to our ongoing exploration
programs in accordance with all applicable laws and regulations,"
stated
Nikolaos Cacos
,
President and CEO.
"On behalf of the board, I thank our legal team and the support of our
shareholders."
Throughout this process, the Company's exploration operations proceeded unimpeded. Blue Sky is
continuing with its drilling plans, surface exploration initiatives, advanced metallurgical studies, and
environmental baseline studies as previously announced.
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
https://www.facebook.com/Blue-Sky-Uranium-Corp-707824632726892
https://twitter.com/blueskyuranium1
https://www.youtube.com/watch?v=8ux-mpiwb40
https://www.linkedin.com/company/11295733/
https://plus.google.com/109353535505284295980
https://www.blueskyuranium.com/feed
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.
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: the impact of COVID-19; risks and uncertainties related to 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.
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 Company undertakes no obligation to publicly update or revise
any forward-looking statements, unless required pursuant to applicable laws. We advise U.S.
investors that the SEC's mining guidelines strictly prohibit information of this type in documents
filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are
not indicative of mineral deposits on our properties.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/corporate-update-301459233.html
SOURCE
Blue Sky Uranium Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/January2022/12/c0900.html
%SEDAR: 00023601E
For further information:
Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-
0058, Email: [email protected]
CO: Blue Sky Uranium Corp.
CNW 07:00e 12-JAN-22