Blue Sky Uranium announces C$1M non-brokered private placement

Blue Sky Uranium Corp. (TSXV: BSK), a mineral exploration company focused on advancing its uranium and lithium projects in Argentina, recently announced a C$1 million non-brokered private placement financing. The company will issue up to 5 million units at a price of C$0.20 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will allow the holder to purchase one additional common share at a price of C$0.30 within two years from the closing date of the financing.

The net proceeds from this financing will be used for exploration and development activities at Blue Sky's Amarillo Grande Project in Rio Negro Province, Argentina, and for general working capital purposes. The Amarillo Grande Project is a large-scale uranium exploration project with significant potential for both in-situ recovery (ISR) and conventional uranium deposits.

Blue Sky Uranium is led by a team of experienced professionals with a proven track record in the resource sector. The company's Board of Directors includes Michael Gentile, a mining industry veteran with extensive experience in capital markets and corporate development, and Sebastián Irabien, a geologist with over 20 years of experience in mineral exploration and project management in Argentina.

The private placement is subject to regulatory approval and all securities issued will be subject to a four-month hold period from the closing date. This financing represents an opportunity for investors to support a promising uranium exploration company with a strong management team and a significant project portfolio in a favorable jurisdiction.

Uranium is an essential component in nuclear power generation and demand for this critical resource is expected to increase as countries transition towards cleaner energy sources and reduce their reliance on fossil fuels. Argentina is a leading uranium producer and has a favorable regulatory environment for mining and exploration activities.

Blue Sky Uranium's Amarillo Grande Project covers over 540 square kilometers and is located in a mining-friendly region with established infrastructure and a skilled workforce. The project's potential for both ISR and conventional uranium deposits makes it an attractive investment opportunity for those looking to capitalize on the growing demand for uranium and the favorable conditions in Argentina.

In conclusion, Blue Sky Uranium's C$1 million non-brokered private placement is an exciting opportunity for investors to support a promising uranium exploration company with a strong management team and a significant project portfolio in a favorable jurisdiction. The net proceeds from this financing will be used to advance exploration and development activities at the Amarillo Grande Project and for general working capital purposes. With increasing demand for uranium and a favorable regulatory environment in Argentina, this financing represents an attractive investment opportunity for those looking to capitalize on the growing potential of the uranium market.