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TSX Project Trade: BSK
Frankfurt Secure Trade: MAL2
OTCQB Project Marketplace (OTC): BKUCF
VANCOUVER, BC, Nov. 26, 2025 /PRNewswire/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), “Blue Sky” or the “Company”) is happy to announce the finishing touch of a complete Hole Research for the Ivana Uranium-Vanadium Attic (“Ivana“) on the Amarillo Grande Venture in Río Negro Province, Argentina.
The Hole Research was once ready via M3 Engineering & Era Company, supported via a consortium of specialised consulting corporations, on the request of Ivana Minerales S.A, (“IMSA“) the running corporate for the joint-venture between Blue Sky and a subsidiary of Corporacion The us Workforce, (“COAM“) to walk Ivana.
The use of the present Initial Financial Evaluate (“PEA“) because the baseline, the GAP Research supplies a cloudless, actionable roadmap for advancing Ivana in the course of the Pre-Feasibility Find out about (“PFS“) degree and probably onward to the finishing touch of a Feasibility Find out about (“FS“) and submission of the general Environmental Have an effect on Evaluate for Ivana. The timeline established via the roadmap is roughly 24 months to finish those steps, with an estimated general funds of US$13.5 million, together with contingencies.
Nikolaos Cacos, Blue Sky President & CEO commented, “Completing this Gap Analysis marks a significant strategic milestone for Blue Sky and IMSA. Our goal has always been to rapidly advance our first discovery at the Amarillo Grande project toward potential uranium production. This analysis focuses the remaining steps, providing an aggressive but systematic timeline and clear path forward. Our local partner is committed to this process with us and together we are moving Ivana forward rapidly and responsibly.“
GAP Research Abstract
The target of the Hole Research was once to spot technical, environmental, social, and regulatory grounds the place spare information assortment, research, or design are had to backup a PFS and FS. The baseline for all technical checks was once the PEA and up to date Mineral Useful resource Estimate (“MRE“) for the Ivana cupboard described within the NI 43-101 Technical File dated April 2, 2024, filed on SEDAR+. The MRE comprises 19.7 million tonnes at 0.039% U₃O₈ and zero.019% V₂O₅ within the Indicated division, and 5.6 million tonnes at 0.031% U₃O₈ and zero.019% V₂O₅ within the Inferred division. The PEA describes an preliminary 11-year mine lifestyles for the cupboard, requiring a capital expenditure of US$159.7 million and an estimated moderate life-of-mine all-in maintaining price of US$24.95 according to pound U₃O₈, web of credit. The industrial research comprises an after-tax NPV8% of US$227.7 million, a payback duration of one.9 years, and an IRR of 38.9%. Readers are cautioned that the PEA is initial in nature and is meant to serve an preliminary evaluation of the venture’s financial possible and construction choices. The PEA mine time table and financial evaluation comprises various suppositions and is in response to each Indicated and Inferred mineral sources. Inferred sources are thought to be too speculative geologically to have the commercial issues implemented to them that may permit them to be classified as mineral reserves, and there’s no sure bet that the PEA effects shall be learned. Mineral sources aren’t mineral reserves and don’t have demonstrated financial viability. Backup exploration shall be required to probably improve the classification of the inferred mineral sources to be thought to be in pace complicated research.
The Hole Research file confirms that Ivana advantages from robust baseline technical paintings, favorable metallurgy, cloudless allowing pathways, and a well-defined execution plan. The file supplies a structured timeline to walk key grounds to deliver to backup a PFS and FS for Ivana:
- Mineral Assets: IMSA finished a untouched infill drilling program this yr, totaling 328 RC holes, to backup probably additional upgrading the division of a few or the entire useful resource (these days ~80% of the MRE is in Indicated). Integrating this infill program with the former cancel style will support outline pace drilling necessities, if wanted, to determine mineral reserves for the FS.
- Mineral Processing: Earlier alkaline leach metallurgical checks have proven finest uranium cures next low cost scrubbing and screening preconcentration. The GAP research beneficial repetition of leach testwork, additional optimization of beneficiation, solvent extraction and downstream precipitation checking out, spare procedure step checking out and affirmation that the brine/brackish aqua to be had on web site may also be impaired within the processing flowsheet. The spare proposed mineral processing testwork is anticipated to jerk about 15 to 16 months and represents probably the most vital critical-path merchandise to backup the venture’s development.
- Hydrogeological, Radiological, and Geotechnical Baseline: Hydrogeological research started in 2017, with baseline research finished between 2021 and 2023 and up to date in 2024 thru 2025. The GAP Research recommends additional methods to reinforce those baseline datasets and safeguard they’re totally aligned with then allowing milestones.
- Floor H2O, Groundwater, Geochemistry, Tailings, Closure/Rehab: The Hole Research identifies paintings matching to floor and groundwater research, together with the will for spare geochemical characterization of ore and squander fabrics, additional definition for tailings design, and the matching inputs that may backup closure and rehabilitation making plans on the PFS/FS levels.
- Infrastructure: Disagree vital infrastructure constraints have been known, permitting engineering actions to go in parallel with technical research matching to get admission to roads, web site constructions, energy provide, and extra.
- Biodiversity, Archaeology, and Paleontology: Baseline surveys started in 2021 and feature supplied correct characterization. The file recommends keeping up and reinforcing those surveys for a extra crystal clear figuring out.
- Communities: Social research carried out lately are thought to be enough at this degree. The file suggests additional paintings to consolidate the socioeconomic baseline and enforce explicit methods.
Along with figuring out technical necessities, the find out about supplies a high-confidence construction framework that reduces execution chance and establishes a cloudless direction to Feasibility Find out about degree, culminating within the submission of an Environmental Have an effect on Evaluate report back to the regulatory government. Key milestones within the direction come with:
- This fall 2025: Metallurgical lab variety and pattern cargo; founding of mineral sources replace
- Q2 2026: Initial metallurgical effects and graduation of prolonged metallurgical checks
- Q3 2026: PFS degree of engineering
- Q3 2026: Ultimate mineral useful resource file and PFS finishing touch
- Q2 2027: Ultimate Metallurgical check file and FS finishing touch
- Q3 2027: EIA submission
The full price to finish the desired technical, environmental, and allowing research as much as the Feasibility Find out about degree is estimated at US$11.4 million, with an spare US$2.05 million contingency, for a complete of US$13.45 million.
Certified Individuals
The technical contents of this information drop were reviewed and licensed via Mr. Ariel Testi, CPG, who works for the Corporate and is a Certified Individual as explained in Nationwide Tool 43-101.
About Ivana Minerales S.A.
Ivana Minerales S.A. is the running corporate for the joint-venture between Blue Sky and its spouse Abatare Spain, S.L.U. to walk the Ivana Uranium-Vanadium cupboard in Rio Negro Province of Argentina. The actions of IMSA are matter to the earn-in transaction (the “Agreement“) wherein COAM will treasure cumulative expenditures of US$35 million to obtain a 49.9% oblique fairness hobby within the Ivana cupboard, and after has the additional proper to earn as much as an 80% fairness hobby in IMSA via finishing touch of a feasibility find out about and investment the prices and expenditures as much as US$160,000,000 to manufacture and create the venture to industrial manufacturing, matter to the phrases and statuses within the Oath. IMSA additionally has a Name Strategy to gain a 100% hobby in all or a part of sure exploration objectives owned via Blue Sky’s 100%-held subsidiary, matter to sure statuses. For spare main points, please please see the Information Let go dated February 27, 2025, in addition to the Corporate’s unedited Monetary Statements & MD&A to be had at blueskyuranium.com.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a pace-setter in uranium discovery in Argentina. The Corporate’s function is in order remarkable returns to shareholders via swiftly advancing a portfolio of uranium deposits into low cost manufacturers, date respecting the circumstance, the communities, and the cultures in the entire grounds wherein we paintings. Blue Sky’s flagship Amarillo Grande Venture was once an in-house discovery of a untouched district that has the prospective to be each a home provider of uranium to the rising Argentine marketplace and a untouched world marketplace provider. The Corporate’s just lately optioned Corcovo venture has the capacity to host an in-situ cure (“ISR“) uranium cupboard. The Corporate is a member of the Grosso Workforce, a useful resource control crew that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
“Nikolaos Cacos”
______________________________________
Nikolaos Cacos, President, CEO and Director
Neither TSX Project Trade nor its Legislation Services and products Supplier (as that time period is explained in insurance policies of the TSX Project Trade) accepts accountability for the adequacy or accuracy of this drop.
This information drop would possibly include forward-looking statements and forward-looking data (jointly, the “forward-looking statements”) inside the that means of acceptable securities rules. Ahead-looking statements cope with pace occasions and statuses and subsequently contain inherent dangers and uncertainties. Any statements which are contained on this press drop that aren’t statements of ancient reality could also be deemed to be forward-looking statements. Ahead-looking statements are frequently known via phrases equivalent to “may”, “should”, “anticipate”, “will”, “estimates”, “believes”, “intends” “expects” and related expressions that are meant to spot forward-looking statements. Extra in particular and with out limitation, this press drop accommodates forward-looking statements that, alternative than statements of ancient reality, cope with actions, occasions or traits the Corporate believes, expects or anticipates will or would possibly happen going forward, together with, with out limitation, statements concerning the GAP Research offering a cloudless, actionable roadmap for advancing Ivana in the course of the PFS degree and probably onward to the finishing touch of a Definitive Feasibility Find out about DFS and submission of the general Environmental Have an effect on Evaluate for Ivana, the timeline established via the roadmap being roughly 24 months to finish those steps, with an estimated general funds of US$13.5 million, together with contingencies, the timing of the finishing touch of the milestones within the direction, the Corporate’s deliberate drilling campaigns, its goals and the prospective mineral content material of its initiatives. Ahead-looking statements aren’t promises of pace efficiency and accordingly undue reliance must no longer be placed on such statements because of the inherent hesitation therein.
Ahead-looking statements are matter to numerous dangers and uncertainties that can reason the original result of the Corporate to range materially from the ones mentioned within the forward-looking statements and, despite the fact that such original effects are learned or considerably learned, there may also be incorrect promise that they’re going to have the anticipated repercussions to, or results on, the Corporate. Elements that might reason original effects or occasions to range materially from wave expectancies come with, amongst alternative issues: hesitation with regards to mineral sources; dangers matching to big steel and transition steel value fluctuations, in particular uranium and vanadium; dangers with regards to the dependence of the Corporate on key control workforce and out of doors events; the prospective have an effect on of worldwide pandemics; dangers and uncertainties matching to governmental law and the facility to acquire, amend, or uphold licenses, allows, or floor rights; dangers related to technical difficulties in reference to mining actions; and the likelihood that pace exploration, construction or mining effects may not be in step with the Corporate’s expectancies, together with in recognize of the Corporate’s deliberate exploration program described on this information drop. Fresh effects would possibly range materially from the ones these days expected in such statements. Readers are inspired to please see the Corporate’s community disclosure paperwork for a extra crystal clear dialogue of things that can have an effect on anticipated pace effects. The forward-looking statements contained on this press drop are made as of the occasion of this press drop, and the Corporate does no longer adopt any legal responsibility to replace publicly or to revise any of the integrated forward-looking statements, whether or not because of untouched data, pace occasions or in a different way, apart from as expressly required via securities regulation.
SOURCE Blue Sky Uranium Corp.
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