Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Blue Sky Uranium Acquires New Projects in Argentina

by June 24, 2024
June 24, 2024
Blue Sky Uranium Acquires New Projects in Argentina

Blue Sky Uranium (TSXV:BSK,OTCQB:BKUCF) announced on Monday (June 17) that it is expanding its exploration portfolio by acquiring two new projects that are prospective for uranium in Argentina’s Neuquén Basin.

The company’s cornerstone asset is the Amarillo Grande project (AGP), where work continues to progress.

“Within our flagship AGP we have the Ivana deposit moving into the pre-feasibility stage, and multiple established exploration targets that are ready for the next steps,” said CEO and President Nikolaos Cacos in a press release.

“So it is time for us to look to expand our longer-term project pipeline, particularly with the strong support we are seeing for the uranium market. Similar to the surface mining targets at AGP, ISR-amenable uranium deposits provide the opportunity for low-cost, low-impact production and the potential for shorter development timelines,” he added.

The company’s new acquisitions, the Corcovo and Chihuidos projects, add nearly 80,000 hectares to its exploration territory. The properties were chosen for their potential to host uranium deposits amenable to in-situ recovery (ISR).

The Corcovo project, located in Argentina’s Mendoza province, covers approximately 20,000 hectares. Initially identified by the National Atomic Energy Commission (CNEA), the area is known for its uranium exploration potential.

According to Blue Sky, Corcovo’s geological conditions are also favorable, with uranium radiometric anomalies detected at depth in oil and gas wells suggesting significant ISR potential. For its part, the Chihuidos project spans around 60,000 hectares and was recognized by CNEA in the 1960s and 1970s. It was previously explored in the early 2000s.

Blue Sky has already initiated the permitting process for field programs at both projects. Concurrently, the company is updating and verifying historical data to identify and prioritize prospective exploration targets. This includes analyzing publicly available borehole surveys and seismic 2D/3D surveys from historic oil and gas exploration.

With the acquisitions, the company now controls over 480,000 hectares across the Rio Negro, Chubut, Neuquén and Mendoza provinces. AGP remains its primary focus, and has a vanadium credit in addition to holding uranium.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
EMU NL
next post
Reducing Reliance on China for Rare Earths Production and Processing

Related Posts

Fortune Bay Announces Option Agreement for the Woods...

August 5, 2025

Apollo Lithium Project – Summer/Fall Exploration Completed

January 4, 2024

Boss Energy: Multi-mine Uranium Producer in Australia and...

June 28, 2024

North Shore Uranium Provides Falcon Property Exploration Update;...

December 20, 2023

5 Top Weekly TSXV Stocks: NorthIsle Copper and...

October 2, 2023

Phase 1 Drill Program – Operational and Geological...

May 28, 2025

Greenland Lithium Pegmatite Field Significantly Expanded by Brunswick...

August 12, 2025

Sarama Provides Update on Arbitration Proceedings

August 5, 2025

Awalé Announces New Gold Discovery on the Odienné...

January 12, 2024

Top 5 Oil and Gas Stocks on the...

July 26, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Lithium Market Update: Q3 2025 in Review

    • Despatch of SPP Offer Documents

    • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

    • Apollo Silver

    • Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

    Categories

    • Business (1,401)
    • Investing (3,062)
    • Politics (3,699)
    • Stocks (1,828)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved