Blue Sky Uranium Corp. (TSX.V: BSK; FSE: MAL2.F; OTC: BKUCF) is one of Argentina's best-positioned uranium & vanadium exploration companies with more than 4,000 km2 (400,000 ha) of prospective tenements. The Company's mission is to deliver exceptional returns to shareholders by acquiring, exploring and advancing towards production a portfolio of uranium-vanadium projects, with an emphasis on near-surface deposits with the potential for near-term low-cost production. The Company follows international best practices in exploration, with a focus on respect for the environment, the communities, and the cultures in all the areas in which we work.
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 currently lacks domestic uranium production. Argentina’s desire for security of supply could provide a “guaranteed” first customer for a new domestic supplier. Large scale production could make Argentina a strategic exporter of uranium to the international nuclear energy sector.
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; Ivana also has potentially significant vanadium credits. Other exploration targets for blind uranium and vanadium mineralization are also present within the project area. The close proximity of the properties & targets provides the potential for an integrated, low-cost uranium-vanadium producing operation, making Amarillo Grande an excellent candidate to be the first near-term uranium producer in Argentina.
Blue Sky Uranium is an affiliated company of Grosso Group, a resource focused management organization founded by Joseph Grosso. Grosso Group affiliated companies pioneered the mineral exploration industry in Argentina and have maintained a presence there since 1993. Grosso Group affiliated companies are credited with four major mineral deposit discoveries and have earned a strong reputation and track record for fostering and maintaining positive relationships with local communities and government stakeholders. Leveraging its extensive network of local, regional, and international industry contacts, Grosso Group provides operational support to its affiliated companies as they advance quality resource projects.