Blue Sky Uranium Highlights Amarillo Grande in 2026 NEA/IAEA Global Uranium Report

Blue Sky Uranium's Ivana project gains sector recognition in the 2026 Red Book.

What the company is saying

Blue Sky Uranium Corp. is highlighting the inclusion of its Amarillo Grande project, specifically the Ivana deposit, in the 2026 edition of the OECD/IAEA Red Book, a globally recognized uranium sector reference. The company frames this as validation of Ivana’s significance, emphasizing that the deposit is listed as having the largest uranium resource among seven Argentine deposits (excluding inferred resources) and the third-largest total uranium resource in Argentina. The announcement stresses Ivana’s status as one of only four prospective uranium production centres in Argentina and claims it has the highest nominal production capacity among them, as well as the sixth largest globally among planned open-pit uranium mines. Nikolaos Cacos, President and CEO, is quoted to reinforce the importance of this recognition for both the Argentine and international uranium sectors, and to signal ongoing advancement of Ivana with a joint-venture partner. The release also places the project in the context of Argentina’s potential return to domestic uranium production, referencing recent government and industry exploration efforts and a 2025 IAEA review mission. The company clarifies that the resource figures cited are not NI 43-101 compliant, as the Red Book uses its own classification system. Technical content was reviewed and approved by Ariel Testi, CPG, as Qualified Person.

What the data suggests

The only hard number disclosed is Argentina’s historical uranium production of 2,582 tU between 1952 and 1997, with no production since then. The announcement does not provide specific resource tonnages, grades, or production capacity figures for the Ivana deposit or Amarillo Grande project. Claims about Ivana’s ranking within Argentina and globally are based on the Red Book’s comparative listings, but the underlying data is not presented in the release. The reference to a 2024 Preliminary Economic Assessment for Ivana is made, but no economic or technical results from that study are disclosed. The Red Book’s inclusion of Ivana signals sector recognition, but the absence of NI 43-101 compliant figures limits the ability to independently verify the scale or economics of the project. The announcement confirms ongoing exploration and development activities in Argentina, and notes a recent IAEA review mission, but does not specify outcomes or next steps. Overall, the data supports the narrative of sector visibility rather than operational or financial progress.

Analysis

The announcement is positive in tone, highlighting the inclusion of Blue Sky Uranium's Amarillo Grande/Ivana project in the 2026 Red Book, which is a reputable sector reference. However, the actual measurable progress is limited: the main realised fact is the project's mention in a third-party report, not a technical or financial milestone. Several claims about Ivana's ranking (largest resource, highest nominal capacity, sixth globally) are not supported by disclosed figures or tables, and the resource data is explicitly stated as not NI 43-101 compliant. Forward-looking statements about advancing the project and Argentina's potential uranium production restart are aspirational and lack concrete timelines or committed capital. The benefits described (sector recognition, future production) are long-term and contingent on further development, regulatory, and market factors. There is no evidence of immediate operational or financial impact, and no large capital outlay is disclosed in this release.

Risk flags

• ●The absence of NI 43-101 compliant resource or economic figures for Ivana means investors cannot independently assess the project's scale or viability based on this announcement. This limits transparency and increases uncertainty around the asset’s true value.
• ●Argentina has not produced uranium since 1997, and while government and industry are pursuing a restart, there is no disclosed timeline, permitting status, or funding for new production. This introduces significant execution risk for any project aiming to supply the domestic market.
• ●The company’s claims about Ivana’s ranking and production capacity are based on a third-party report’s classification system, not on published technical studies or regulatory filings. This reliance on external recognition, rather than concrete project milestones, exposes investors to the risk that sector visibility may not translate into actual development or cash flow.

Bottom line

This announcement signals that Blue Sky Uranium’s Amarillo Grande/Ivana project is now recognized in the 2026 OECD/IAEA Red Book, positioning it as a leading uranium asset in Argentina and among the largest planned open-pit uranium projects globally. While this enhances the company’s sector profile, no new technical, economic, or permitting milestones are disclosed, and the only quantitative figure is Argentina’s historical uranium output. The absence of NI 43-101 compliant resource or economic data means investors cannot independently validate the project’s scale or economics from this release. The path to production remains long and uncertain, given Argentina’s decades-long hiatus from uranium mining and the lack of disclosed project-specific timelines or regulatory progress. For investors, the key takeaway is that sector recognition is a positive reputational step, but it does not reduce the substantial execution and disclosure risks. Concrete progress—such as compliant resource updates, permitting, or funding—would be required to make the story actionable.

Announcement summary

(TSXV:BSK) (FSE:MAL2) (OTCQB:BKUCF) Blue Sky Uranium Corp. announced that its flagship Amarillo Grande uranium-vanadium project, including the Ivana deposit, has been included in Uranium 2026: Resources, Production and Demand, the latest edition of the "Red Book" published by the OECD Nuclear Energy Agency and the International Atomic Energy Agency. The 2026 Red Book provides a comprehensive review of uranium resources, exploration, development, and production worldwide, and features a detailed national report for Argentina. The report summarizes Ivana's exploration programs and key data from the deposit's 2024 Preliminary Economic Assessment. According to the Red Book, Ivana has the largest uranium resource among the seven Argentine deposits when inferred resources are not included, and the third-largest total uranium resource overall. Ivana (Amarillo Grande) is identified as one of only four prospective uranium production centres in Argentina, alongside Laguna Salada, Sierra Pintada (in remediation), and Cerro Solo (in standby). Of these four, Ivana is listed with the highest nominal production capacity. Globally, among planned and prospective uranium mines with open-pit style mine plans, Ivana is listed with the sixth largest nominal production capacity. Nikolaos Cacos, President and CEO of Blue Sky Uranium, stated that the inclusion of Amarillo Grande and Ivana in the Red Book provides important context for the project within Argentina's uranium sector and the global uranium community, and that the company is continuing to advance Ivana with its joint-venture partner. The Red Book also discusses Argentina's efforts to potentially re-establish domestic uranium production. Argentina historically produced 2,582 tU between 1952 and 1997, mainly for domestic requirements, but has had no uranium production since 1997. The Red Book notes that both the Argentine government and industry are conducting exploration and development activities to support the potential restart of domestic uranium production and future uranium self-sufficiency. In November 2025, the IAEA conducted an Integrated Uranium Production Cycle Review Mission to assess Argentina's readiness to restart uranium mining. The company notes that the Ivana resource information quoted in the Red Book is not reported in accordance with NI 43-101 standards, as the Red Book re-classifies uranium resources for comparison purposes. The technical contents of the news release were reviewed and approved by Mr. Ariel Testi, CPG, who works for the company and is a Qualified Person as defined in National Instrument 43-101.

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