Blue Sky Uranium – Argentina Needs Uranium & This Junior Has Potential to Be a Supplier

Argentina Needs Uranium & This Junior Has Potential to Be a Supplier

• A recent infill and step-out drill program at the Ivana deposit on the flagship Amarillo Grande project (Argentina) indicates potential for resource upgrade/expansion. Results will be included in an upcoming resource update, and a Pre-Feasibility Study (PFS) in 2023/2024.
• We believe the project has potential to be a low-cost mine, as the cash cost is estimated to be just US$16/lb vs the spot price of US$50/lb.
• Pursuing a $1M equity financing to continue exploring (drilling/geophysical surveys) regional targets for resource expansion.
• We note that there is a need for domestic uranium producers, as Argentina imports 100% of its uranium consumption. Argentina has three operating nuclear reactors (plus one in construction, and two additional planned), but no domestic uranium production.

Check out this week’s Top Picks

The top performer White Rock Minerals (ASX: WRM), was up 20%, on higher gold and copper prices. Our prior reports can be viewed here.

Analysts’ Ideas of the Week

Global equity markets were up 1.0% on average last week (down 0.3% in the prior week). Click here to read more

NEW VIDEO!

Upcoming Events!

FRC covers companies under an issuer paid model; please read the important disclosures at the back of each report.

*Past performance is not indicative of future performance.