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Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF): The Leader in Uranium Discovery in Argentina and a Member of the Grosso Group; Interview with Nikolaos Cacos, President & CEO

on 10/7/2019
Blue Sky Uranium Corp. is the leader in uranium discovery in Argentina and a member of the Grosso Group (TSX-V: BSK, FSE: MAL2; OTC: BKUCF). Blue Sky owns 100% of the district-size Amarillo Grande Uranium-Vanadium Project in Rio Negro Province. Their current focus is the Ivana deposit. They have completed a Mineral Resource Estimate and a Preliminary Economic Assessment on Ivana. Nikolaos Cacos, President, CEO and Director of Blue Sky Uranium, said that they have just under 23 million pounds of uranium and 11 million pounds of vanadium. He has determined that Ivana has close-to-surface mineralization, indicating a low-cost and a potentially very economic operation. His near-term plans include expanding the resource, with a targeted drill program that is aimed toward discovery and focused on quickly and cost effectively adding more uranium and vanadium. Blue Sky Uranium plans to develop a truly world-class uranium district, like what we see in Kazakhstan and in Australia.


Blue Sky Uranium Corp.


Dr. Allen Alper: This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing Nikolaos Cacos, President and CEO of Blue Sky Uranium. Niko, could you give our readers/investors an overview of Blue Sky Uranium and what differentiates it from others?

Nikolaos Cacos: I would be pleased to do that. Blue Sky Uranium is a uranium/vanadium exploration company whose primary focus is in Argentina. In the first quarter of this year, we announced our first PEA, which shows that we have close to 23 million pounds of uranium and 11 million pounds of vanadium. The deposit is called the Ivana Deposit. It lies within a large uranium mineralized trend that spans 145 kilometers in length and 50 kilometers in width. This is not just a deposit, it's an opportunity for the Company to have a large mining district, with multiple uranium/vanadium deposits.

The recent PEA indicates that if we were in production today, we would be profitable simply because of the way that the mineralization occurs in this area. It is close to surface and very simple to mine.



Dr. Allen Alper: Oh, that sounds excellent! Could you give us a little more information about your PEA?

Nikolaos Cacos: The PEA indicates that the Ivana deposit has an NPV, with an 8% discount of about $135 million. The capital cost is projected to be $100 to $128 million. That includes a 30% contingency fee. The study shows that the cash cost of producing U3O8 is $16.24 a pound. If you include the all-in sustaining costs, we're just over $18.00 a pound. This has the potential to be very economic, even in today’s environment.



Dr. Allen Alper: Sounds great. Could you tell our readers/investors your plans for the remainder of 2019 into 2020?

Nikolaos Cacos: Certainly. The first thing we did with our deposit was to conduct an economic study. We wanted to demonstrate that Ivana had economic potential. We know the deposit has a very large strike length, over 145 kilometers. Our focus now is to show that we can very quickly and cost effectively find additional uranium and vanadium to increase the current resource. We announced that we've stepped out about 10 kilometers to the north and have encountered additional visible uranium. We've conducted a series of induced polarization geophysical studies and some auger drill holes and find that we could be at the very edge of another uranium deposit that occurs over a significant footprint. We plan to confirm this with a drill program.

Then we will continue drilling 10 kilometers to the north because we're seeing visible uranium at that level as well. We plan, by the first quarter of 2020, to be adding additional uranium and vanadium resources to our current deposit.



Dr. Allen Alper: That sounds excellent. Could you tell our readers/investors a bit about your background and your team?

Nikolaos Cacos: I have a master’s degree in International Business. I've been in the mining industry here for 26, 27 years. I'm one of the founders of the Grosso Group together with Joe Grosso. We are a highly respected and highly rewarded team, one of the early pioneers who opened Argentina for exploration and mining, we have been, as a group, very successful in Argentina. This will be our fourth major world-class discovery in that country.

We have the esteemed Mr. Guillermo Pensado, who received the best geologist in Argentina award, last year. He's a uranium expert, who was educated at the Queens University in Canada. He has worked for major uranium companies and has vast experience in the field. He is providing us with excellent corporate and technical guidance. We're in good hands and we know how to handle making new discoveries.



Dr. Allen Alper: Excellent! Could you tell our readers/investors a bit about your Board?

Nikolaos Cacos: There's only one more person, Dr. David Terry, on our Board. David has been with our group for over 15 years and is a very accomplished geologist, with a lot of experience. He is providing guidance, collaboration and works closely with our VP of Exploration.

Our technical advisor is Mr. Chuck Edwards, a world-renowned metallurgist. He reviewed and conducted the metallurgical studies for our project. We're very pleased to have him on board, because he adds credibility and validation to the work of the entire team.

Dr. Allen Alper: Sounds excellent! You have very strong people! Could you tell our readers/investors about your share and capital structure?

Mr. Nikolaos Cacos: Right now, we're sitting, with a market cap of around $15 million. We have about 114 million shares outstanding. The Management Team, the Directors, and our close friends and insiders own close to about 60% of the shares because we believe in what we have. It looks like we're onto something very significant. If our drill program yields the results indicated by our exploration, I would expect that the value and the attention this project receives internationally should increase substantially.

By holding shares, we are planning on being rewarded, along with our shareholders. I invite our investors and your readers/investors to check out our financials and take note that we keep our overhead costs below average levels.



Dr. Allen Alper: That sounds great. It's good to see that the management team has skin in the game and believes in what you're doing. Excellent!

Could you tell us about the outlook for uranium?

Nikolaos Cacos: We are experts in looking and identifying uranium. In terms of the market, I rely on other experts out there who know the market better than we do. They are seeing uranium play a larger and larger role. Nuclear energy is carbon free energy. It's environmentally safe and it helps to reduce our greenhouse and carbon footprint in the world.

The key takeaways that I see about uranium and nuclear reactors is that they are being build smaller and more quickly. There's not as big a capital cost involved and they're extremely efficient. Uranium nuclear fuel is one of the most efficient ways to produce electricity. It's very reliable and it's very safe. We're seeing many emerging countries around the world beginning to expand and build lots of nuclear reactors.

Argentina, where we are active, has three nuclear power plants in operation, many more that they're commissioning, and one that's under construction. Two additional ones are in the planning stage and two more are under proposal stage. Argentina could be our very first customer. Nuclear power and demand for uranium, are positioned to increase in the very near future.



Dr. Allen Alper: Oh, that sounds excellent. Would you tell our readers/investors how it is operating in Argentina?

Nikolaos Cacos: Argentina is a great country in which to operate. We have been active in Argentina for over 26 years and in all that time we have never had a problem. The geological potential of a country like that is tremendous. It has the eighth largest landmass in the world. We are the first to properly mine and explore Argentina. There is a lot of low hanging fruit to be picked. That's one of the key reasons we've had so many big discoveries in Argentina.

In terms of mining, all the previous governments, including the current one, have been very pro-mining. They are pro-nuclear. The province where we're active, Rio Negro, has a provincially owned nuclear power plant construction company. They build and export small mobile nuclear power plants. They are very supportive of the work we do, and we show them the great respect that they deserve. They give us a great deal of assistance. I think if you show respect for the country in which you operate, you receive the same respect back. That's a principle by which we live.

Dr. Allen Alper: That sounds excellent. Could you tell our readers/investors the primary reasons they should consider investing in Blue Sky Uranium Corp?



Nikolaos Cacos: Here is why I'm so invested in Blue Sky Uranium.

I see tremendous discovery potential, with our Amarillo Grande deposit, in Southern Argentina. This isn't just one deposit. I think there’s the potential here to verify multiple deposits, and make a truly world-class uranium district, just like we see in Kazakhstan and in Australia.

This is what we've demonstrated so far. The plan is to continue to grow and become as economic as our recent economic studies indicate. This has the potential to be a truly world-class discovery.

I envision that in very short order, it could be very quickly recognized by financial markets and have phenomenal returns for shareholders.

Dr. Allen Alper: Sounds like very strong reasons to consider investing in Blue Sky Uranium. Is there anything else you'd like to add, Niko?

Nikolaos Cacos: I want to thank you for interviewing Blue Sky Uranium Corp. for Metals News. At this point we're very excited. We're about to embark on a drill program in the next few weeks. I see us at a pivotal point, where the project can be developed and expanded quickly. Quite possibly, with the uranium market making a comeback, if we see the price of uranium begin to rise in tandem, with our expansion of the project. I envision that Blue Sky is going to see very leveraged results in the market.

Dr. Allen Alper: Oh, that sounds excellent.

https://www.blueskyuranium.com/


Nikolaos Cacos, President, CEO and Director
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@blueskyuranium.com










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