Blue Sky Uranium Corp. (TSX.V: BSK; FSE: MAL2.F; OTC: BKUCF) is one of Argentina's best-positioned uranium exploration companies with more than 3,500 km2 (350,000 ha) of tenements. The Company’s mission is to deliver exceptional returns to shareholders by acquiring, exploring and advancing towards production a portfolio of uranium projects, with an emphasis on near-surface uranium deposits with the potential for near-term low-cost production, in anticipation of the return of a strong uranium market.
Argentina is the largest generator of electricity from nuclear energy in South America. The country is working to further expand their nuclear energy sector with additional power plants, but lacks a ready internal supply of uranium. Argentina’s desire for security of supply could provide a “guaranteed” first customer for a domestic supplier.
Blue Sky’s exploration work between 2007 and 2012 led to the discovery of a new uranium district in Rio Negro Province. The Company’s Amarillo Grande Project covers the district with three major properties, including the Ivana near-surface uranium deposit which hosts the largest NI 43-101 uranium resource in the country. The close proximity of the three properties provides the potential for an integrated low-cost operation to supply the domestic nuclear energy sector.
The Company is a member of the Grosso Group, a resource management group that pioneered the mineral exploration industry in Argentina and has operated there since 1993. The group has four exceptional discovery credits, and a positive track-record for fostering strong relationships with the communities and governments where it works. The Grosso Group leverages its vast network of local, regional and international industry contacts to support the exploration team on their search for quality resource opportunities.