Categories: Energy / Mining Stocks
Topics: General Energy / Uranium Stocks

Blue Sky Uranium Corp. (TSX-V: BSK)(OTC: BKUCF) CEO Niko Cacos on Transformational Transaction & Upcoming Feasibility Study

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president and CEO of Blue Sky Uranium, Mr. Niko Cacos.

Niko, it's great to have you back on. It's been a bit. Congratulations are in order. Lots of good news here recently, but none bigger than the news yesterday. You're optioning 51% of the Ivana deposit. And I wanted to have you on to provide some of the details on the structure of it.

Niko Cacos: Yes, Gerardo, very exciting news indeed. This is a landmark moment for Blue Sky. Finally. It's been a long haul, as you know. You've been patient and alongside with us, but I believe we've been able to identify one of the best qualified and most capable partners in Argentina to not just earn an interest into our project to take it to feasibility, but also they've got the ability to and the funding to pave the way to commercial production eventually.

Gerardo Del Real: That is probably the key part that I really want to emphasize is that they have the ability to get this to commercial production. For those that are not aware and informed on the Ivana deposit, can you speak to it?

Niko Cacos: Yeah. Well, Ivana deposit is currently the largest and most advanced uranium deposit in Argentina, which itself by the way is a nuclear country. There's just over 17 million pounds of uranium and just under 4 million pounds of vanadium in there. And we've just recently, earlier this year announced a preliminary economic assessment for this deposit. And it indicates that it has the potential to be an extremely low cost candidate for uranium production.

But what's more interesting is that this deposit itself sits within an entire uranium district, the entire district land area, which is also owned by Blue Sky. So this is just one of potentially many, many more discoveries. And in this deal that we've announced, it just concerns the Ivana deposit, and any new discoveries we make will be a new deal with Corporación América.

Gerardo Del Real: Exciting stuff. What comes next?

Niko Cacos: Well, we have to finalize the details of the deal over the next few weeks here. And then afterwards, we're starting right away on a pre-feasibility study. And there's some talk right now internally about, as we view a pre-feasibility study, to quickly morph right away into a feasibility study to fast track this deposit as quickly as we can to get it to commercial production.

We've got a very business friendly political environment in Argentina, and I believe us and our new partners here are looking forward to taking advantage of that and working to fast track this deposit, and while of course we've got a burgeoning uranium market.

So finally, Gerardo, it appears that all the stars here have aligned for Blue Sky and I think we're on a path for success going forward.

Gerardo Del Real: I couldn't agree more. Long overdue. A lot of hard work has gone into getting to this spot. Congrats to you and the team, and looking forward to having you back on hopefully shortly as you work to get this deal consummated.

Niko Cacos: Well, I'm really, really happy to be back, Gerardo. And will let you know blow-by-blow as we tick things off our to-do list here. There's a lot that we've got to do, but this was the big one. The rest of them, I think we're going to blow right through them, and it's going to be very exciting times.

Gerardo Del Real: Appreciate it. Thanks for your time as always.

Niko Cacos: Yeah. My pleasure.

Gerardo Del Real: Cheers.

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