BSK got a deal with COAM Big news for BSK.V! They struck a deal with COAM Argentina to significantly advance the Ivana uranium project.
Here's the key takeaway: COAM to potentially earn 80% of Ivana by: - Funding a feasibility study (up to US$30M) - Covering 100% of project costs (estimated US$160M) during production This is positive for BSK as COAM shoulders the financial risk and secures full project funding.
FRC Analysts estimate an 80% interest in Ivana is worth US$223M, and the deal brings BSK US$190M – capturing 85% of the project's fair value with minimal share dilution. Overall, a win for BSK! This reduces project risk and secures funding for potential high returns.
For more details and analyst thoughts, check out the full weekly market insights report: https://tinyurl.com/c98fy5bb