Blue Sky Uranium: Unlocking Argentina’s Uranium Potential

Investor Perception

Blue Sky Uranium supplies publicity to Argentina’s largest NI 43-101 uranium useful resource, optimistic mission economics on the flagship Ivana Deposit, and an possibility/three way partnership (JV) that funds development by means of feasibility and development with out near-term fairness dilution.

Firm Overview

Blue Sky Uranium (TSV:BSK,OTC:BKUCF) is rising as a frontrunner in uranium exploration and growth in Argentina. As a member of the Grosso Group, which has pioneered useful resource exploration in Argentina since 1993 and been concerned in 4 main mineral discoveries, Blue Sky advantages from deep regional experience and established relationships.

Blue Sky’s flagship Amarillo Grande mission, positioned in Río Negro Province, is a district-scale uranium–vanadium system extending 145 km over roughly 300,000 hectares. Inside this mission lies the Ivana deposit, Argentina’s largest NI 43-101-compliant uranium useful resource. The Amarillo Grande mission was an in-house discovery by Blue Sky and has the potential to make the corporate the nation’s first home uranium provider in addition to an rising worldwide producer.

To advance the Ivana deposit, Blue Sky established Ivana Minerales (IMSA), a three way partnership firm with its companion Abatare Spain (COAM), a part of Corporación América Group. Underneath the settlement, COAM can fund as much as US$35 million to earn a 49.9 % oblique curiosity in Ivana, and should earn as much as 80 % by finishing a feasibility research and funding as much as US$160 million in growth and development prices to deliver the mission to business manufacturing.

The Río Negro Provincial Mining Authority registered the switch of mining rights to IMSA on June 10, 2025, formally recognizing IMSA because the working firm for the Ivana uranium-vanadium mission. IMSA additionally holds a name possibility to accumulate one hundred pc of sure exploration targets surrounding Ivana, topic to extra funds and a 2 % royalty.

Past Amarillo Grande, Blue Sky is increasing its portfolio with tasks within the Neuquen Basin concentrating on uranium deposits amenable to in-situ restoration (ISR) strategies, additional diversifying its development potential consistent with these optimistic market developments.

Firm Highlights

• Vital Uranium Useful resource: Controls the most important NI 43-101 compliant uranium useful resource in Argentina with 17 Mlbs U3O8 in indicated assets and three.8 Mlbs in inferred assets, plus priceless vanadium credit.
• Constructive Economics: 2024 PEA exhibits sturdy economics with after-tax NPV8 % of US$227.7 million and 38.9 % IRR at base case uranium value of US$75/lb.
• Low-cost Manufacturing Potential: Close to-surface mineralization with no blasting required, hosted in loosely consolidated sediments, making for doubtlessly low mining prices.
• Strategic JV Partnership: Secured an earn-in settlement with COAM to advance the Ivana deposit with no funding required by Blue Sky by means of growth. COAM will spend as much as US$35 million to earn as much as a 49.9 % curiosity, and may additional earn as much as 80 % by funding growth prices to manufacturing (as much as US$160 million).
• Sturdy Uranium Market Fundamentals: International uranium market faces provide deficits with rising demand from nuclear energy era, with costs strengthening considerably since 2023.
• Home Market Alternative: Argentina has three operational nuclear crops with others underneath development or deliberate, but imports all uranium for gasoline. Nationwide laws ensures buy of domestically produced uranium.
• ISR Challenge Pipeline: New tasks within the Neuquen Basin present future development by means of potential in-situ restoration operations, a way that produces 57 % of the world’s uranium with minimal environmental influence.

The Amarillo Grande mission, positioned in Rio Negro Province, is Blue Sky’s cornerstone asset and a district-scale alternative in Argentina’s uranium sector. Spanning 145 km and protecting roughly 300,000 hectares, this mission encompasses three most important property areas: Ivana, Anit and Santa Barbara. Every space contributes to the mission’s important potential as an rising uranium-vanadium district.

Ivana Deposit Highlights

• Useful resource: 19.7 million tons (Mt) of indicated assets grading 333 elements per million (ppm) uranium and 105 ppm vanadium, containing roughly 17 million kilos (Mlbs) of U3O8 and eight.1 Mlbs of V2O5. Moreover, the deposit hosts 5.6 Mt of inferred assets grading 262 ppm uranium and 109 ppm vanadium, containing roughly 3.8 Mlbs of U3O8 and a pair of.4 Mlbs of V2O5. Importantly, about 80 % of the present useful resource is classed within the higher-confidence indicated class, offering a stable basis for financial research and growth planning.
• Mining & processing idea: Shallow surficial mining with out blasting; scrubbing/screening plus alkaline leach; modeled total recoveries 84.6 % uranium and 52.5 % vanadium (preliminary financial evaluation).
• Economics: After-tax NPV8 US$227.7 million and IRR 38.9 % at US$75/lb U₃O₈; payback 1.9 years; spot case NPV8 US$418.3 million and IRR 57 % at US$105/lb.
• 2025 drilling & research: Infill RC program accomplished (328 holes; 4,959 m) to improve/develop assets and help prefeasibility research; cumulative drilling now 15,839 m in 1,166 holes.
• Hole Evaluation towards PFS/DFS: Led by M3 Engineering, SRK, Hidroar and Lionsgate to outline remaining work, sequence and preliminary capex/opex framework.

Ivana Hole and Ivana Central (near-deposit targets)

• New geophysical outcomes: Single ET/IP line at Ivana Hole outlined a ~1,400-m-wide chargeability anomaly at ~30–60 m depth, interpreted because the northerly extension of the Ivana redox entrance development; This fall/25 diamond drilling deliberate.

Anit

The Anit property positioned north of Ivana, contains a exceptional 15-kilometer airborne radiometric anomaly with in depth floor uranium and vanadium mineralization. Historic drilling alongside a 5.5-kilometer stretch averaged 2.6 meters at 0.03 % U3O8 and 0.075 % V2O5, indicating important mineralization potential all through the property. Blue Sky retains one hundred pc management of this space, offering substantial upside past the Ivana deposit that’s at the moment the main focus of the COAM three way partnership.

Santa Barbara

The Santa Barbara property represents the corporate’s preliminary uranium discovery within the Rio Negro basin, made in 2006. This property reveals widespread uranium and vanadium mineralization alongside an 11-kilometer floor development. Whereas exploration right here is much less superior than at Ivana, the geological similarities and floor indicators recommend potential for each near-surface mineralization and deeper blind deposits that might be recognized by means of future exploration campaigns.

ISR Tasks

Blue Sky maintains two tasks within the Neuquén Basin — Chihuidos (100-percent-owned, 60,000 ha) and Corcovo (20,000 ha underneath possibility) — concentrating on uranium deposits doubtlessly amenable to in-situ restoration (ISR) strategies. These tasks leverage in depth historic oil and fuel properly and seismic knowledge to determine subsurface uranium targets. Each tasks stay a part of Blue Sky’s medium-term development pipeline. ISR strategies at the moment produce over half of the world’s uranium and align with the Firm’s deal with low-cost, low-impact growth

San Jorge Basin Tasks

Blue Sky additionally secured strategic positions within the San Jorge Basin: the Sierra Colonia and Tierras Coloradas tasks. Whereas much less superior than the Amarillo Grande mission, these properties have been chosen primarily based on favorable geological traits and historic indicators of uranium mineralization. The corporate is making use of the exploration mannequin and experience developed at Amarillo Grande to effectively consider and advance these prospects.

Administration Group

Joseph Grosso – Chairman and Director

Founding father of Grosso Group Administration, Joseph Grosso has been a pioneer in Argentina’s exploration and mining sector since 1993. He was concerned in a number of main discoveries in Argentina, together with the Gualcamayo gold mine, Navidad silver mission, and Chinchillas silver-lead-zinc mine.

Nikolaos Cacos – President and CEO, Director

Nikolaos Cacos is among the firm’s founders with over 35 years of administration expertise in mineral exploration. He has in depth experience in strategic planning and administration of public useful resource firms.

David Terry – Technical Advisor and Director

David Terry is an expert financial geologist with over 30 years within the useful resource sector. He has in depth expertise in exploration, growth and mission administration within the mining trade.

Martin Burian – Director

Martin Burian holds ICD.D (Institute of Company Administrators) and chartered skilled accountant designations. He has a 30-year profession in funding banking to the mining sector, is at the moment managing director at RCI Capital Group and held comparable senior positions at Haywood Securities, Bolder Funding Companions and Canaccord Capital. Burian is an impartial member of a number of different public firm boards the place his roles embody chairman, lead impartial director and audit committee chair, in addition to privately-held Heffel Gallery Restricted, the place he’s additionally part-time CFO. Burian’s early profession was with KPMG the place he obtained his CPA and CBV designations.

Pompeyo Gallardo – VP Company Improvement

Pompeyo Gallardo brings 29 years of expertise in company finance, with strengths in budgeting and management, mission structuring, mission financing, and monetary modeling and evaluation.

Darren Urquhart – CFO

A chartered skilled accountant, Darren Urquhart has 20 years of expertise in public follow and trade.

Connie Norman – Company Secretary

Connie Norman has in depth expertise in company secretarial and regulatory compliance providers for public firms.

Guillermo Pensado – Technical Marketing consultant

Guillermo Pensado is a geologist with in depth expertise within the mining sector. He’s now centered on the Ivana JV operations.

Luis Leandro Rivera – Normal Supervisor (JVCO)

Just lately appointed to steer the Ivana three way partnership firm, Luis Leandro Rivera brings 30 years of expertise in all sides of mining from exploration to operations, together with most not too long ago serving as senior vice-president of the Latin American area for AngloGold Ashanti, the place he oversaw administration of 4 mines in two nations.

_{1 PEA is preliminary in nature and is meant to supply an preliminary evaluation of the mission’s financial potential and growth choices. The PEA mine schedule and financial evaluation consists of quite a few assumptions and relies on each Indicated and Inferred mineral assets. Inferred assets are thought of too speculative geologically to have the financial concerns utilized to them that may allow them to be categorized as mineral reserves, and there’s no certainty that the PEA outcomes shall be realized. Mineral assets aren’t mineral reserves and should not have demon-strated financial viability. Further exploration shall be required to doubtlessly improve the classification of the inferred mineral assets to be thought of in future superior research.}