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Uranium Explorer Focused on Argentina 'Worthy of Active Consideration'

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Source: Streetwise Reports   02/22/2021

A research-based analysis of Blue Sky Uranium is provided in a Globe Small Cap Research report.

In a February 2021 research note, Globe Small Cap Research stated that Blue Sky Uranium Corp. (BSK:TSX.V; BKUCF:OTCQB) “is worthy of active consideration and ongoing following for developments.”

Globe described the company and presented its compelling factors, noting, “There is a lot to like about the Blue Sky Uranium story.”

Blue Sky Uranium is a Canada-headquartered junior uranium and vanadium exploration company that owns 5,000-plus square kilometers of property in Argentina’s Rio Negro and Chubut provinces. It has exclusive mining rights to more than 400,000 hectares, divided into two primary areas: Amarillo Grande, the project on which it is currently focused, and Sierra Colonia.

At Amarillo Grande, Blue Sky’s main target area today is the Ivana deposit, containing 23 million pounds (23 Mlb) of uranium and up to 12 Mlb of vanadium, as estimated by the company. On Feb. 1, 2021, it restarted its 4,500-meter Ivana drill program, previously suspended due to COVID-19 restrictions. The campaign will test Ivana Central and Ivana North, two of the three current targets there. The third is Ivana West.

The firm noted that an attractive feature of the Amarillo Grande property is that the uranium mineralization there is shallow, at about only 25 meters below surface. Given that and the fact the entire deposit sits in a 5 kilometer (5 km) long strip of land, ore extraction can be done at a low cost, “on par with industry leaders in Central Asia,” Globe highlighted. Ore processing should be low cost, too, as it will only require a simple, two-stage process.

“The combination of low priced extraction and simple initial processing could result in an ultra-low-cost operational position for Blue Sky,” according to Globe.

The company also offers potential blue sky with its numerous other exploration sites. They include Cateo Cuatro and Ivana East, 10 km to the northeast and 32 km to the southwest, respectively, of the main Ivana deposit. In addition, the 15-km long Anit site could contain a significant vanadium deposit, and the Santa Barbara District site is prospective for deeper mineralization.

Management is a key component of Blue Sky, Globe indicated. The company is part of the Grosso Group Management, a set of highly experienced, successful executives and companies specializing in mineral exploration in South America. Joseph Grosso, Grosso Group’s president and CEO, is one of Argentina’s mining pioneers and is the chairman of Blue Sky’s board of directors. Further, Blue Sky’s management team, helmed by Nikolaos Cacos, comprises industry professionals with extensive experience in exploration, mining, international business and finance.

Globe pointed out that the status of Argentina’s nuclear industry enhances the investment outlook for Blue Sky. The country is home to three operating nuclear power plants that generate 10% of its electricity, and the construction of two more is being planned. Argentina also has a uranium enrichment plant for manufacturing fuel for the country’s nuclear plants.

Argentina needs 225 tons of uranium annually, all of which it currently has to import. Similarly, the country imports all of the vanadium it needs, and demand for that metal by the steel industry is rising. Consequently, in 2006, Argentina initiated a uranium exploration program with the goal of developing domestic suppliers. All of these factors bode well for Blue Sky Uranium in the South American country.

In a broader context, demand for uranium from the global nuclear industry is expected to increase, also creating opportunities for Blue Sky, Globe indicated. Signs of this are Asia quickly growing its nuclear capacity, the U.S. enacting policy about domestic uranium supply and the emergence of new, safer nuclear technologies. Further, to deal with climate change, the world needs to use nuclear power and, thus, will need uranium.

“[Blue Sky Uranium] is operating in a hot space where growth opportunities are stellar,” Globe added.

The company is trading today at about CA$0.28 per share.

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1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Blue Sky Uranium. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Blue Sky Uranium, a company mentioned in this article.

Disclosures for Globe Small Cap Research LLC, Blue Sky Uranium, February 2021

We do not own these shares and have no plans to acquire, purchase, sell, trade or transfer these shares in any manner at any time.

We have no association with anyone, or any group, with any plan to acquire, purchase, sell, trade or transfer these shares.

Information, opinions, or recommendations contained in this report are submitted solely for informational purposes. The information used in statements of fact made has been obtained from sources considered reliable, but we neither guarantee nor represent their completeness or accuracy.

The firm, its principals, or the assigned analyst may or may not own or trade shares, options, or warrants of this covered Company. We have received compensation of $2,500 by a third party to cover out distribution and production of this report. If additional compensation is received, future version of the report will be updated to reflect this compensation. Globe Small Cap Research has not in the past received compensation for the production of previous reports. The party responsible for the production of this report owns no common stock and/or warrants in the subject Company, in any way, shape, or form. The views expressed in this research Company report accurately reflect the analyst’s personal views about any or all of the subject securities or issuers referred to in this Company report, and no part of the analyst’s or the firm’s compensation was, or will be directly or indirectly related to the specific recommendation or views expressed in this report. Opinions expressed herein reflect the opinion of Globe Small Cap Research and are subject to change without notice.

( Companies Mentioned: BSK:TSX.V; BKUCF:OTCQB, )


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