Blue Sky Uranium, Argentina

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

District-sized Uranium/Vanadium deposit(s) in Patagonia make Blue Sky the most significant Uranium player in Argentina

• The country has an aggressive nuclear expansion campaign, from an existing base of several nuclear power reactors
• The soaring Vanadium price gives a potential kicker to any mine plan calculation
• Public opposition to nuclear power is almost non-existent and Argentina because it has an energy shortage
• The company is a key component in the well-connected Grosso Group
• Uranium’s spot price remains in the doldrums with all attempts at recovery being thwarted until recently
• Financing remains a problem in the Uranium industry. The rise of Vanadium as a co-product could help attract finance for mining the uranium for use by Argentina.

Doing business in Argentina can be tough but also very rewarding. Blue Sky Uranium deserves credit for having stuck to its development strategy with the double burden of weak Uranium sentiment and largely negative sentiment towards Argentine mining projects during the dark years of the Kirchner regime. BSK is a Uranium (and more recently Vanadium) exploration company with more than 4,600 km2 (460,000 ha) of tenements. Its mission is to acquire, explore, and advance a portfolio of uranium and vanadium projects with an emphasis on near-surface deposits, and management is focused on advancing its discoveries.

Blue Sky is a member of the Grosso Group, a management company specializing in Argentina since 1993 and headed by Joe Grosso, Argentine-born and a sometime Prospector of the Year. The principal vehicle in the group is Golden Arrow (GRG.v) uranium deposit on which we launched coverage earlier this year. The group also includes Argentina Lithium & Energy Corp (LIT.v) and Blue Sky Uranium (BSK.v).

They have covered Blue Sky in the past in our review of Argentina’s uranium potential in 2013. As a member company, Blue Sky benefits from the signing of an agreement in principle for a strategic alliance with the Government of the Rio Negro province, Argentina, for the purpose of jointly exploring the potential for commercial mining activity.

Original URL: http://hallgartenco.com/file.php?path=Mining&filename=BSK_Sept2017.pdf