#Argentina #Rio Negro #Blue Sky #Ivana Project #Mining Rights

Blue Sky Uranium Enhances Ivana Uranium-Vanadium Project in Argentina

Blue Sky Uranium Corp. recently announced a significant advancement in its Ivana Uranium-Vanadium Project located in the Río Negro Province of Argentina by successfully completing the registration process for a critical transfer of mining rights. The registration was officially recognized by the Río Negro Provincial Mining Authority as of June 10, 2025, facilitating the shift of mining concessions from Minera Cielo Azul S.A. (MCA) to Ivana Minerales S.A. (IMSA), the joint venture company formed specifically for this project.

The completion of this legal process not only highlights the progress being made on the Ivana Project but also ensures compliance with the Argentine Mining Code and applicable provincial regulations. Currently, the official titles are expected to be issued imminently in IMSA's name, which will further solidify the project's operational foundation.

Nikolaos Cacos, the President and CEO of Blue Sky Uranium, expressed enthusiasm regarding this development, stating that establishing IMSA was crucial in aligning the interests and expertise of Blue Sky and its local partners. The joint venture structure is tailored for effective project advancement through its various stages of development, emphasizing the importance of these newly registered mining rights. Concurrently, IMSA is actively engaged in ongoing drilling activities that are crucial for gathering data that will inform engineering and other preparatory studies needed for a planned pre-feasibility study.

About Ivana Minerales S.A.

Ivana Minerales S.A. serves as the operational entity for the joint venture between Blue Sky Uranium and Abatare Spain, S.L.U. (COAM). This partnership aims to advance the exploration and development of the Ivana Uranium-Vanadium deposit in Rio Negro Province. Under the terms of their agreement, COAM is set to fund cumulative expenditures totaling US$35 million, which would allow it to acquire a 49.9% indirect equity interest in the Ivana deposit. Additionally, there are provisions for increasing that stake to 80% contingent on completing a feasibility study and funding up to US$160,000,000 to bring the project to commercial production.

It is important to note that the details of this agreement were released on February 27, 2025, and further information can be accessed through Blue Sky's official website. The ongoing exploration and advancement of the Ivana Project are essential components of Blue Sky's broader objective to enhance uranium production capabilities while adhering to environmental and community standards.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. has established itself as a prominent figure in uranium discovery within Argentina. The company's mission focuses on generating substantial shareholder returns by swiftly transitioning a range of uranium projects into cost-effective producers. Beyond the Ivana Project, Blue Sky's Amarillo Grande Project stands out as a pivotal in-house discovery, likely to serve the growing domestic market for uranium while also catering to international demands. Another promising asset, the Corcovo project, has shown potential to host an in-situ recovery uranium deposit.

Part of the distinguished Grosso Group, which has been involved in resource management and exploration in Argentina since 1993, Blue Sky Uranium continues to navigate the complexities of the mining landscape while striving for operational excellence. As they advance their portfolio, the company remains committed to sustainable practices that respect local cultures and environments.

In closing, the formalization of the transfer of mining rights is a critical step for Blue Sky Uranium as it continues to capitalize on its projects' potential and contributes to Argentinian resource development.