Northwire Canada EditionFriday, November 13, 2026
Northwire
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Drill Results

Blue Sky Uranium drilling supports Ivana studies

Blue Sky De-Risks Ivana Deposit with High-Grade Infill Hits as Path to Pre-Feasibility Clears

Executive Summary

The latest news release (January 12, 2026) confirms the completion of a 328-hole (4,959-meter) infill drilling program at the Ivana Deposit. Key results highlight significant uranium mineralization at shallow depths, including 4 meters averaging 4,368 ppm $U_3O_8$ (Hole AGI-884) and 2 meters averaging 4,433 ppm $U_3O_8$ (Hole AGI-873). Approximately 15% of the holes (51 holes) intercepted at least 1 meter at or above 1,000 ppm $U_3O_8$. The program's primary objective was to increase geological confidence and support the upgrade of Inferred resources to Indicated status, a prerequisite for the upcoming Pre-Feasibility Study (PFS).

Material Impact

The news is Material - Positive for several reasons: - Technical De-risking: The results confirm the continuity of the high-grade core and refine the deposit limits, which is critical for mine planning. - Roadmap Adherence: The program was completed on schedule according to the "Gap Analysis" roadmap established in late 2025. This demonstrates management's ability to execute technical milestones. - High Grades: Intercepting 4,000+ ppm $U_3O_8$ at depths of only 9-13 meters suggests a very low strip ratio and high-grade potential for a shallow, surficial deposit. - Joint Venture Milestone: This work is a primary component of the earn-in agreement with COAM, moving the project closer to the $35 million expenditure target required for the partner to secure its 49.9% interest.

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Company Overview

Blue Sky Uranium is a junior explorer focused on the Amarillo Grande Project in Rio Negro Province, Argentina. Its flagship asset is the Ivana Deposit, which hosts a surficial uranium-vanadium resource. The project is unique due to its shallow nature (0-25 meters) and the potential for In-Situ Recovery (ISR) or simple scrub-and-leach processing. The company also holds the Corcovo project in Mendoza, which is being explored for ISR-style roll-front targets based on historical oil and gas well data.

Read the original news release →

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