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

High Grade Cu-Au at Surface Delivers New Targets...

July 9, 2025

Blackstone Signs Offtake MOU for Refinery Byproduct

December 22, 2023

Sirona Biochem

May 11, 2024

RUA GOLD Utilizes VRIFY AI to Prioritize Cumberland,...

January 20, 2025

Belararox Raises $2.5 Million Via Placement

June 20, 2023

5 Top Weekly TSXV Stocks: Sintana Energy Jumps...

April 29, 2024

Lake Resources NLMaiden Ore Reserve Defined at Flagship...

December 20, 2023

Editor’s Picks: Silver Price Hits 13 Year High,...

June 22, 2025

Stallion Uranium to Resume Trading on the TSX-V and...

July 5, 2025

China Plans Record Purchase of 15,000 MT of...

May 27, 2024

    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

    • Gold’s Meteoric Rise: Can the Price Break US$4,000 in 2025?

    • COB: Repayment of Promissory Note

    • Lo Herma Resource Drilling Timing Confirmed

    • Reinstatement to Quotation

    • Tariff Talks: Swiss Propose Investment in US Gold Refining

    Categories

    • Business (1,395)
    • Investing (2,975)
    • Politics (3,699)
    • Stocks (1,807)
    • 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