TSX Venture Exchange
(TSX-V): BSK
Frankfurt Stock Exchange (FSE):
MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER, BC,
Jan. 17,
2025 /CNW/ - Blue Sky Uranium Corp.
(TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the
"Company") is pleased to announce that Institutional
Shareholder Services Inc. ("ISS"), a leading independent
proxy advisory firm, has recommended that Blue Sky's shareholders
("Shareholders") vote FOR the resolution to approve the
proposed earn-in transaction (the "Transaction") with
Abatare Spain, S.L.U. ("COAM") at the upcoming special
meeting of Shareholders (the "Meeting") to be held on
February 6, 2025.
The Board of Directors of Blue Sky recommends
that Shareholders vote FOR the special resolution approving the
Transaction.
Nikolaos Cacos, President, CEO and Director of Blue Sky
commented:
"We are pleased to receive a positive recommendation from
ISS, which reaffirms our strategic rationale for the Transaction
and the resulting benefits to Shareholders."
YOUR VOTE IS IMPORTANT – PLEASE VOTE
TODAY
The proxy voting deadline is 10:00 AM (Vancouver Time) on February 4, 2025.
Meeting Details
The Meeting will be held on February 6,
2025 at 10:00 AM (Vancouver
Time) at 1133 Melville Street, Suite 3500, Vancouver, British Columbia.
For complete details and links to all relevant documents related
to the Meeting, please
visit www.blueskyuranium.com/investors/shareholder-documents.
Shareholder Questions and Voting Assistance
Shareholders who have questions about voting their shares may
contact the Company's proxy solicitation agent and shareholder
communications advisor, Laurel Hill Advisory Group:
Toll Free:
1-877-452-7184 (for Shareholders in North
America)
International: +1 416-304-0211 (for Shareholders
outside Canada and the US)
By Email:
assistance@laurelhill.com
About Abatare Spain, S.L.U. and ACI Capital
S.à r.l,
Abatare Spain, S.L.U., a company constituted
in Spain and ACI Capital S.à r.l,
a company constituted in Luxembourg, parent of the group controlling
the energy business, are part of the Corporación América Group
("Corporación América").
Abatare Spain S.L.U. has been involved
in several projects
related to the energy industry.
Corporación América has developed significant projects and
invested in Argentina for over 60
years. It holds major stakes in the energy, airport, agribusiness,
services, infrastructure, transportation, and technology sectors,
with assets and operations in Argentina and 10 other countries. Its
subsidiary Corporación América Airports S.A. (NYSE:CAAP) has a
current market capitalization of approximately US$3 billion.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is
a leader in uranium discovery in Argentina. The Company's objective is to
deliver exceptional returns to shareholders by rapidly advancing a
portfolio of surficial uranium deposits into low- cost producers,
while respecting the environment, the communities, and the cultures
in all the areas in which we work. Blue Sky has the exclusive right
to properties in two provinces in Argentina. The Company's flagship Amarillo
Grande Project was an in-house discovery of a new district that has
the potential to be both a leading domestic supplier of uranium to
the growing Argentine market and a new international market
supplier. The Company is a member of the Grosso Group, a resource
management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
Nikolaos Cacos, President, CEO
and Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward-looking
statements and forward-looking information (collectively, the
"forward-looking statements") within the meaning of
applicable securities laws. Forward-looking statements address
future events and conditions and therefore involve inherent risks
and uncertainties. Any statements that are contained in this press
release that are not statements of historical fact may be deemed to
be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate", "will",
"estimates", "believes", "intends" "expects" and similar
expressions which are intended to identify forward-looking
statements. More particularly and without limitation, this press
release contains forward-looking statements that, other than
statements of historical fact, address activities, events or
developments the Company believes, expects or anticipates will or
may occur in the future, including, without limitation, the
strengths, characteristics and potential of the Transaction;
production of uranium products and the success of commercial
production at the Ivana property; consummation and timing of the
Transaction; the potential of the Amarillo Grande Project; the
growth of the Argentine market; the Company's ability to leverage
COAM's expertise and resources to drive towards the successful
development and operation of the project; and satisfaction of the
conditions precedents are forward-looking statements.
Forward-looking statements are not guarantees of future performance
and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein.
Forward-looking statements are subject to a
number of risks and uncertainties that may cause the actual results
of the Company to differ materially from those discussed in the
forward-looking statements and, even if such actual results are
realized or substantially realized, there can be no assurance that
they will have the expected consequences to, or effects on, the
Company. Factors that could cause actual results or events to
differ materially from current expectations include, among other
things: failure to receive TSXV approval; the Meeting date and
approval of the Transaction by the Shareholders; failure to satisfy
the condition precedents, the potential that the Transaction could
be terminated under certain circumstances; the likelihood that the
sale of substantially all of the Company's assets will be completed
within a reasonable time in accordance with the terms of the
earn-in agreement entered into pursuant to the Transaction; the
impact of Shareholders asserting dissent rights in connection with
the approval of the Transaction; COAM exercising its rights under
the earn-in agreement entered into pursuant to the Transaction; the
Company's working relationship with COAM; the impact of global
pandemics; risks and uncertainties related to the ability to
obtain, amend, or maintain licenses, permits, or surface rights;
risks associated with technical difficulties in connection with
mining activities; and the possibility that future exploration,
development or mining results will not be consistent with the
Company's expectations. Actual results may differ materially from
those currently anticipated in such statements. Readers are
encouraged to refer to the Company's public disclosure documents
for a more detailed discussion of factors that may impact expected
future results. The forward-looking statements contained in this
press release are made as of the date of this press release, and
the Company does not undertake any obligation to update publicly or
to revise any of the included forward-looking statements, whether
as a result of new information, future events or otherwise, except
as expressly required by securities law.
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SOURCE Blue Sky Uranium Corp.
