#Canada #Vancouver #Blue Sky Uranium #Amarillo Grande #COAM

Blue Sky Uranium Secures Shareholder Approval for Transaction with COAM

Blue Sky Uranium Corp. has recently achieved a significant milestone in its growth strategy. At a Special Meeting held on February 6, 2025, shareholders overwhelmingly approved a critical earn-in transaction with Abatare Spain, S.L.U. (COAM). The approval is a pivotal step for the company, which has positioned itself as a key player in the uranium discovery sector, particularly in Argentina.

During the meeting, a total of 99,929,367 shares were represented, which equates to approximately 33.4% of the total issued shares. The primary agenda item — the approval of the earn-in transaction — received remarkable support, with 99.41% of votes in favor and only 0.59% against.

Transaction Details

The earn-in transaction involves a strategic partnership with COAM, a company with substantial experience in energy-related projects. This collaboration aims to enhance Blue Sky’s operational capacity and extend its portfolio, particularly focusing on the iconic Amarillo Grande Project. The terms of the transaction are elaborated in the company’s management circular dated December 20, 2024, which is accessible on their SEDAR+ profile.

Importance of the Approval

This approval not only signals the shareholders' confidence in Blue Sky’s future but also marks the beginning of a new chapter for the company. The initial closing of the transaction is anticipated within the first quarter of 2025, contingent upon standard closing conditions, notably the approval from the TSX Venture Exchange. Blue Sky has already received conditional approval for the transaction, indicating a robust organizational framework and capability to meet regulatory demands.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. specializes in uranium exploration within Argentina, focusing on developing its surficial uranium deposits into economically viable production streams. The company's core mission emphasizes delivering outstanding returns to shareholders while ensuring environmental sustainability and community respect across all operational territories. The Amarillo Grande Project, identified as a significant in-house discovery, is positioned to serve both domestic and international markets for uranium supply.

Looking Ahead

With the completed approval for the earn-in transaction, Blue Sky is setting the stage for accelerated growth and market expansion. The partnership with COAM is expected to leverage both entities’ strengths, particularly in research, operational efficiency, and market positioning. As part of the broader Corporación América Group, COAM brings over six decades of investment experience and expertise in various sectors, which will be beneficial for Blue Sky’s upcoming initiatives.

This development reflects a positive trajectory for Blue Sky Uranium Corp., outlining a clear path for future endeavors in the energy sector. Investors and market observers will be keenly watching as the company moves to finalize the terms and commence activities under the newly approved arrangements.

As the company progresses, it will continue to emphasize its commitment to regulatory compliance, stakeholder communication, and environmental stewardship as integral components of its operational philosophy. By ensuring all aspects of the business align with these objectives, Blue Sky aims to foster long-term success and value creation for its shareholders.

Conclusion

In conclusion, the shareholder approval of the earn-in transaction with COAM illustrates a collective confidence in Blue Sky Uranium's innovative strategies and its ability to advance in the competitive uranium market. The initiative not only promises lucrative returns for investors but also positions the company favorably within a growing sector characterized by increasing global energy demands. Moving forward, stakeholders will be eager to see how these developments unfold and the subsequent impact on Blue Sky's operational and financial performance.