Blue Sky Uranium Wraps Up Oversubscribed Private Funding Round

Blue Sky Uranium Closes Fully Subscribed Non-Brokered Private Placement

Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF) has successfully completed its non-brokered private placement, which was fully subscribed by a number of strategic and institutional investors. The oversubscribed private placement resulted in the company raising $1.5 million in gross proceeds.

The private placement included the issuance of 15,000,000 units at a price of $0.10 per unit. Each unit consists of one common share of Blue Sky Uranium and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.15 for a period of two years following the closing of the private placement.

The proceeds from the private placement will be used by Blue Sky Uranium to further advance its exploration and development activities in Argentina, where the company holds a significant land position in the Rio Negro province. The company’s primary focus is on advancing its Amarillo Grande Uranium-Vanadium Project, which is one of the largest advanced-stage uranium projects in Argentina.

Blue Sky Uranium’s strategic focus on the exploration and development of uranium and vanadium assets in Argentina is well aligned with the increasing global demand for clean and sustainable sources of energy. Uranium is a critical component in the generation of nuclear power, which is widely considered to be a low-carbon energy source that can help reduce greenhouse gas emissions and combat climate change.

The successful completion of the private placement demonstrates strong investor confidence in Blue Sky Uranium’s management team, assets, and long-term growth potential. The company’s ability to attract strategic and institutional investors reflects the quality of its projects and the expertise of its exploration and development team.

In conclusion, the closing of the fully subscribed non-brokered private placement positions Blue Sky Uranium well to advance its exploration and development activities in Argentina and enhance shareholder value. With a robust portfolio of uranium and vanadium assets and a strong financial position, the company is well positioned to capitalize on the growing demand for clean energy sources and make significant contributions to the global energy transition towards a more sustainable future.