Blue Sky Uranium Announces Brokered LIFE Private Placement for Gross Proceeds of up to C$3.0 Million

Executive Summary

• Blue Sky Uranium entered into a brokered “best‑efforts” private placement for up to 60 million Units at C$0.05 per Unit, targeting gross proceeds of up to C$3 million.
• Each Unit consists of one common share and one warrant (exercise price C$0.07, exercisable for 60 months). The underwriter has a 48‑hour option to sell an additional 10 million Units for up to C$0.5 million.
• Net proceeds are earmarked for exploration and advancement of the Rio Grande Uranium‑Vanadium Project in Argentina, plus general working capital and corporate purposes.

Key Details

• Offering Size: Up to 60,000,000 Units (C$3,000,000 gross) with an optional additional 10,000,000 Units (C$500,000 gross).
• Unit Composition: 1 common share + 1 common‑share purchase warrant per Unit.
• Warrant Terms: Right to purchase one common share at C$0.07; exercisable any time up to 60 months after the closing date.
• Pricing: Offering price of C$0.05 per Unit (including both share and warrant).
• Agent/Bookrunner: Red Cloud Securities Inc., acting as sole bookrunner and agent.
• Closing Date: Expected on or about November 18, 2025, subject to customary conditions and regulatory approvals (TSXV, NI 45‑106, etc.).
• Use of Proceeds: Primarily for exploration and development of the Rio Grande Uranium‑Vanadium Project in Río Negro Province, Argentina; remainder for general working capital and corporate purposes.
• Regulatory Framework: Offered under the listed issuer financing exemption (NI 45‑106 Part 5A) to Canadian investors in BC, AB, MB, SK, ON; also available offshore and to U.S. accredited investors via applicable exemptions.
• Share Liquidity: Units, underlying shares, and warrants expected to be freely tradeable in Canada upon issuance; offshore sales subject to local securities law compliance.

Notable Quotes

• “The capital raised will accelerate our flagship Rio Grande project, positioning Blue Sky Uranium for rapid growth while maintaining a strong balance sheet,” – Nikolaos Cacos, President, CEO and Director.