Blue Sky Uranium Announces Transaction to Advance the Ivana Uranium Deposit through Feasibility and then to Commercial Production

About this update from Blue Sky Uranium Corp.

[{"type":"text","content":"\n \n \n \n Blue Sky Uranium Announces Transaction to Advance the Ivana Uranium Deposit through Feasibility and then to Commercial Production\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSX Venture Exchange:   BSK\n \n Frankfurt Stock Exchange:   MAL2\n \n OTCQB Venture Market (OTC): BKUCF\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 10, 2024\n \n \n /CNW/ -\n \n Blue Sky Uranium Corp.\n \n (TSX-V: BSK) (FSE: MAL2) (OTC: BKUCF)\n \n , \"Blue Sky\" or the \"Company\")\n \n is pleased to announce that it has entered into a binding term sheet (the \"\n \n Term\n \n \n Sheet\n \n \") effective as of\n \n June 6, 2024\n \n with\n \n Corredor Americano S.A\n \n . (\"\n \n COAM\n \n \"), an Argentine company of the Corporación América Group, to complete an option agreement (the \"\n \n Proposed Transaction\n \n \") in respect to the Company's Ivana Uranium-Vanadium Deposit (\"\n \n Ivana\n \n \" or the \"\n \n Property\n \n \").\n \n \n \n \n \n \n \n \n \n \n Proposed Transaction Highlights\n \n (All figures in US dollars):\n \n \n \n COAM can earn up to a 50% indirect interest in the Property by spending up to\n \n US$35M\n \n and advancing Ivana through to completion of a feasibility study, and to drill key exploration targets located in adjacent areas of the Property.\n \n \n Following a positive feasibility study, COAM can earn an additional 1% upon its decision to fund the capital cost of the Project and further 29% interest by funding 100% of the estimated capital costs to achieve commercial production.\n \n \n \n \n Nikolaos Cacos\n \n , Blue Sky President & CEO commented,\n \n \"The recent PEA for our Amarillo Grande Project confirmed the Ivana deposit as a potential candidate for low-cost uranium production. The proposed transaction with COAM provides compelling benefits for Blue Sky and its shareholders by setting a clear path to bring Ivana to production in partnership with one of the most capable groups in Argentina.   Following ...

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