Blue Sky Uranium drilling supports Ivana studies

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).

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.

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.