Blue Sky Uranium Partners with Corredor Americano to Advance Ivana Uranium-Vanadium Deposit

Blue Sky Uranium has announced a significant partnership with Corredor Americano, an Argentine company, to advance the development of the Ivana Uranium-Vanadium Deposit. This agreement marks a pivotal step for Blue Sky Uranium, providing a potential pathway to bring the Ivana deposit to commercial production.

Under the terms of the binding term sheet, Corredor Americano has the opportunity to earn up to a 50% indirect interest in the Ivana Property by investing up to $35 million. This investment will be directed towards advancing the deposit through the completion of a feasibility study and drilling key exploration targets in adjacent areas. If the feasibility study yields positive results, Corredor Americano can earn an additional 1% interest by deciding to fund the capital cost of the project and a further 29% interest by covering 100% of the estimated capital costs to achieve commercial production.

Niko Cacos, CEO of Blue Sky Uranium, highlighted the strategic importance of this agreement, particularly in light of the recent Preliminary Economic Assessment (PEA) for the Amarillo Grande Project. The PEA confirmed the Ivana deposit as a potential candidate for low-cost uranium production, making the partnership with Corredor Americano a timely and beneficial move for Blue Sky and its shareholders.

The collaboration is set to accelerate the development of the Ivana deposit by leveraging Corredor Americano's expertise and financial strength. This partnership aims to unlock the full potential of the deposit, ensuring a streamlined path towards commercial production. The structured approach to project development, with Corredor Americano taking on substantial financial commitments, is expected to facilitate extensive drilling programs and feasibility studies that will confirm the project's viability and delineate a clear route to production.

Blue Sky Uranium has committed to providing regular updates on key milestones and developments as the project progresses, ensuring transparency and keeping stakeholders informed. The company remains focused on advancing its portfolio of uranium and vanadium assets, taking advantage of favorable market conditions and the growing demand for these critical minerals.

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