Blue Sky Uranium Financing

Jun 20, 2023

This email is to inform you of the announcement of Blue Sky Uraniunm’s Private Placement. Please see the details below.

We welcome your participation.

The first tranche proceeds to the Company of $1,061,000 has been closed, we still have room in the second tranche if you are interested.

Contact Shawn for more information [email protected]

Recent interview with CEO Niko Cacos

There is no hold on this private placement we are using the LIFE exemption. (Listed Issuer Financing Exemption)

Terms

$.075 CAN per unit full three year warrant at $.12 CAN

Blue Sky Uranium

Aggressively exploring and developing it’s 100% owned Amarillo Grande Project located in the world’s newest uranium/vanadium district:

The district-scale project in the Rio Negro province is the premier candidate to be the first low-cost, domestic uranium supplier in Argentina
Largest NI 43-101 uranium resource in Argentina with PEA complete
Lack of domestic uranium supply creates an opportunity for Blue Sky to supply the growing Argentine nuclear market
22.7 Mlbs uranium and 11.5 Mlbs vanadium in initial current mineral resource
Exploration program on-going at Ivana Central, North, Este and Cateo Cuatro targets
Strong exploration and resource expansion potential with updated resource expected imminently

PEA figures and highlights include:

NPV8% of US$135.2M at an LOM all-in ASIC of US$18.27/lb U308
IRR of 29.3% and payback period of 2.4 years
Initial CAPEX of US$128.1M and LOM sustaining CAPEX of US$35.5M
Average annual LOM production of 17.5 Mlbs U308 with a 13-year mine life
Simple two-stage processing of mineralized material achieves 85% recovery of uranium

NI 43-101 resource estimate for the Ivana uranium-vanadium deposit is the largest in Argentina with continuously growing exploration potential:

Control of a uranium/vanadium district that is open for expansion & new discoveries
Resources are shallow, starting at surface, in loosely consolidated material
Ivana Deposit: open for expansion & upgrading – recent drill program completed; advanced process design test work underway
Ivana Central & North: 1,591 m in 40 holes completed at Ivana N. and 2,637 m in 43 holes completed at Ivana Central, with results pending
Cateo Cuatro & Ivana East: initial results confirm geological similarities to Ivana Deposit

Recent results and highlights from the aggressive ongoing district scale exploration program include:

3,346 m resource expansion/upgrade drilling program recently completed at Ivana deposit; process test work program on-going
Positive results from step-out drilling to the W/SW suggests the opportunity for expansion of resources in future resource estimates
Positive results within and at the margins of the deposit in areas of low drill density will facilitate upgrading of resources for future engineering studies
Cateo Cuatro: comprehensive program to refine targets: mapping, auger drilling, radiometric surveying, seismic and/or IP tomography surveys; RC drilling planned