Twitter Facebook LinkedIn YouTube

Private Placement: Blue Sky Uranium (TSXV:BSK)

Video Platform Video Management Video Solutions Video Player

Blue Sky Uranium is looking to raise gross proceeds of up to $2,560,000 from the placement of up to 16 million units priced at $0.16 per unit. The units consist of 1 share and 1 warrant, with each warrant exercisable at $0.25 for 24 months.

Additional Information:

Company: Blue Sky Uranium
Website: http://www.BlueSkyUranium.com
Stock Symbol: TSXV: BSK
Date Published: Jul 12, 2021
Transcript: Available

Video Transcript:

I’m Monica Hayden for Investmentpitch Media

Blue Sky Uranium, a leader in uranium discovery in Argentina, has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $2,560,000 from the placement of up to 16 million units priced at $0.16 per unit.

The units consist of 1 share and 1 warrant, with each warrant exercisable at $0.25 for 24 months.

The shares are trading at $0.185.

Blue Sky has the exclusive right to properties in two provinces in Argentina.

The area is flat-lying, semi-arid and accessible year-round, with nearby rail, power and port access.

The company's flagship wholly-owned 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 Ivana deposit, the cornerstone of the Amarillo Grande Project, incorporates a series of new uranium-vanadium discoveries made over 12 years, along a 145 kilometer trend covered by approximately 261,000 hectares of mineral rights.

The company recently concluded the first tranche of the 4,500 meter drilling program which tested the Ivana North target area and consisted of 1,591 meters in 40 holes.

Ivana North is located 20 kilometers north of the company's Ivana Deposit.

The drilling program tested an area covering 4 kilometres by 5 kilometres on roughly 400 to 800 metre centres utilizing a hydraulic drill rig.

Niko Cacos, Blue Sky President & CEO, stated: "We are pleased to have been able to complete this initial phase drilling at Ivana North despite encountering some technical and weather challenges, which impacted overall drilling production, and operating throughout in compliance with the extra conditions and restrictions resulting from the global pandemic. We are looking forward to receiving analytical results from the drilling to aid in evaluating the Ivana North target and to resuming our drilling program to test additional targets. We remain confident in the expansion potential of the Amarillo Grande Project.”

Blue Sky Uranium is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

For more information, please visit the company’s website, www.BlueSkyUranium.com, contact Corporate Communications at 778-686-0135 or by email at info@BlueSkyUranium.com.

If you like this video, please subscribe to our channel.

I’m Monica Hayden for Investmentpitch Media