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Blue Sky Uranium Advances Ivana Project with Metallurgical Test Program and Feasibility Engineering Agreements

By The Northwire Desk — AI Analysis May 11, 2026 · 07:01 BSK · 0.06 Blue Sky Uranium Corp.

Executive Summary

Blue Sky Uranium Corp. announced execution of service agreements with M3 Engineering & Technology and the Saskatchewan Research Council (SRC).
The agreements support engineering and metallurgical testing programs for the Ivana Uranium-Vanadium Project in Rio Negro Province, Argentina.
Metallurgical Testing Program: SRC will conduct Phase I testing on ~900kg of mineralized material from low, medium, and high-grade composites. Procedures include characterization, beneficiation, leaching tests (alkaline/acidic), and extraction kinetics analysis.
Engineering Services Agreement: M3 Engineering will provide advisory services to integrate metallurgical results into processing flowsheets, evaluate alternatives, define process circuits, and assist with CAPEX/OPEX estimations.
CEO Nikolaos Cacos stated these agreements keep the company on track to advance toward Pre-Feasibility and Feasibility level studies by optimizing recovery and engineering design.

Material Impact

The news confirms execution of the roadmap established in the November 2025 Gap Analysis, which outlined a $13.45 million path from PFS to DFS.
This is not unexpected information; the Gap Analysis (Nov 26, 2025) specifically identified "Mineral Processing" and "Engineering Services" as critical path items with timelines starting Q4 2025/Q2 2026.
The signing of contracts validates management's ability to execute the technical plan but does not introduce new upside surprises (e.g., no new resource estimate, no major financing announcement).
Financial impact is neutral to positive as costs are largely covered by the Joint Venture partner (IMSA/COAM) funding obligations rather than Blue Sky cash reserves.
The market has likely priced in this progression given the consistent drilling and study updates throughout early 2026.

BSK · Price

Company Overview

Company: Blue Sky Uranium Corp. (TSXV: BSK).
Flagship Project: Ivana Uranium-Vanadium Deposit within the Amarillo Grande District, Rio Negro Province, Argentina.
Strategy: Develop the district to become a domestic uranium supplier for Argentina's nuclear market via an earn-in Joint Venture with COAM.
Asset Status: Development/Exploration phase; moving from PEA toward Feasibility Study (DFS).
Resource Base: Largest NI 43-101 uranium resource in Argentina (Indicated and Inferred); recent modeling identified a new higher-grade domain expanding the core zone footprint.

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