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Blue Sky Uranium ( (TSE:BSK) ) has provided an announcement.
Blue Sky Uranium Corp. has announced the mailing and filing of a circular for a special meeting of shareholders to approve a significant earn-in agreement with COAM, a subsidiary of the Corporación América Group. This agreement allows COAM to acquire up to an 80% interest in Blue Sky’s Ivana Uranium-Vanadium Deposit by investing $35 million and funding the project’s development to commercial production. The board of Blue Sky unanimously recommends the transaction, citing strategic partnership benefits, advancement of the Ivana property, exploration potential at adjacent properties, and shareholder value protection as key reasons for support.
More about Blue Sky Uranium
Blue Sky Uranium Corp. operates in the mining industry, focusing primarily on the exploration and development of uranium and vanadium deposits. The company is engaged in advancing its projects in Argentina, with a particular emphasis on the Ivana Uranium-Vanadium Deposit in the Province of Rio Negro.
YTD Price Performance: -15.00%
Average Trading Volume: 389,032
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$26.94M
For detailed information about BSK stock, go to TipRanks’ Stock Analysis page.
