Bullboard - Stock Discussion Forum Blue Sky Uranium Corp V.BSK

Alternate Symbol(s): BKUCF

Energy

Blue Sky Uranium Corp. is a uranium and vanadium exploration company. The Company controls more than 480,000 hectares with the potential for uranium resources in Rio Negro, Chubut, Neuquen, and Mendoza provinces. Its projects include the Amarillo Grande Project, the Sierra Colonia Project, the Tierras Coloradas Project, Cerro Parva Project, Corcovo Project, and Chihuidos Project. The Company's... see more

Add To Watchlist

TSXV:BSK - Post Discussion

Blue Sky Uranium Corp > BSK got a deal with COAM

View:

Post by Prabhjitk on Jun 12, 2024 3:34pm

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

179