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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SOURCE Blue Sky Uranium Corp.
