Blue Sky Uranium Announces Closing of $3.5 Million Brokered LIFE Private Placement

Executive Summary

• Blue Sky Uranium Corp. closed a best‑efforts private placement raising $3.5 million in gross proceeds.
• The offering consisted of 70,000,000 units at $0.05 per unit, each unit containing one common share and one warrant to purchase an additional share at $0.07 (exercisable through 19 Nov 2030).
• Net proceeds are earmarked for advancing the Amarillo Grande Uranium‑Vanadium Project in Argentina and for general working capital.

Key Details

• Units sold: 70,000,000
• Offering price: $0.05 per unit (total gross proceeds $3,500,000)
• Unit composition: 1 common share + 1 common‑share purchase warrant (exercise price $0.07, expiry 19 Nov 2030)
• Agent/bookrunner: Red Cloud Securities Inc. (sole agent)
• Broker compensation:
• Cash fees to Red Cloud – $195,300
• 3,906,000 non‑transferable broker warrants issued to Red Cloud (exercisable at $0.05, expiry 19 Nov 2030)
• Additional cash fees – $8,561
• 171,212 non‑transferable finder warrants issued on the same terms as broker warrants
• Use of proceeds:
• Exploration and advancement of the Amarillo Grande Uranium‑Vanadium Project (Rio Negro Province, Argentina)
• General working capital and corporate purposes
• Regulatory compliance: Units issued under NI 45‑106 listed issuer financing exemption; subject to final TSXV approval.
• Closing condition: Pending final TSXV approval.

Notable Quotes

“The successful closing of this private placement provides us with the necessary capital to accelerate development at our flagship Amarillo Grande Project and strengthens our balance sheet for continued growth.” – Nikolaos Cacos, President, CEO & Director

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.