On June 19, 2019, the Federal Open Market Committee (FOMC) concluded a meeting leaving U.S. interest rates unchanged, but signaled their intent to lower rates in the coming months should U.S. economic growth grind to a halt.
The following feature on Blue Sky Uranium (BSK.V) is a guest post from The Northern Miner, one of the most prolific mining publications in North America.
Companies operating in the junior exploration arena, particularly those in the base metals space, have seen their market caps blown all to hell in recent months.
While vanadium is experiencing some downward pressure in the commodities market, uranium looks like it’s on the rebound and companies like Blue Sky Uranium (BSK.V) are positioned to take advantage of a potential valuation run.
Epstein: Delrey Metals [CSE: DLRY] Provides Positive Corp. Update & Increases Key Land Package by 51%!
Delrey Metals Corp. (CSE:DLRY) / (OTC: DLRYF) owns 100% of 5 promising properties in Canada. Four are prospective for vanadium, totaling 10,856 hectares, one is a cobalt–copper-zinc opportunity that Cobalt 27 Capital Corp. acquired a 2% NSR on. In addition, on May 21st, management signed a definitive agreement on an option to acquire an 80% Interest in select mineral licenses in the Four Corners project in Newfoundland & Labrador, and establish a JV with the seller. This is a giant, bulk-tonnage deposit that could contain 10 billion tonnes of rock, much of it mineralized, with lower-grade Vanadium, plus Iron & Titanium. Drilling this year will seek to validate the large scale of the deposit and identify additional mineralized zones.
If you like the uranium and vanadium space (I can’t imagine why anyone wouldn’t), Blue Sky Uranium (BSK.V) just dropped news that should pique your interest.
In a recent Guru offering, we suggested that Blue Sky Uranium’s (BSK.V) Ivana deposit was destined to grow, perhaps dramatically so:
Blue Sky Uranium’s (BSK.V) is a uranium and vanadium-focused exploration company based in Argentina. The company’s Ivana property in southern Argentina hosts a near-surface uranium deposit containing 28 million pounds of U308 and 11.5 million pounds of V2O5.
The following interview of CEO Michael Mulberry of American Battery Metals (CSE: ABC) was conducted by phone & email in the week ended March 15th. Although there have been a handful of new Vanadium stories hitting the tapes lately, I think the possibility of both a high-grade + a reasonably sized project or projects has to be in place. This Company has that in its Temple Mountain project in Utah, (USA). The project needs to be drilled, but it seems promising as a past producer. I like the share structure, just 22.5 M shares outstanding and a funded exploration program beginning soon. What’s not to like? There’s also a Uranium kicker, which can’t hurt. The project is just a few hours from an operating Uranium/Vanadium Mill.
Epstein: Blue Sky Uranium Corp. (BSK.V), Near-term Production Potential + Uranium/Vanadium Resource Expansion + PEA
2019 could be the year that long-term uranium contract prices blast through US$30/lb., US$35/lb. and hit US$40/lb. Before Japan’s Fukushima Daiichi disaster, the contract price was US$73/lb. That was 8 years ago. Many analysts think that the average global all-in cost of uranium production is ~US$40/lb., and that the incentive price to get a Major uranium project off the ground is closer to US$60–US$65/lb.
First Vanadium (TSX-V: FVAN) / (OTCQB: FVANF) is one of the better known vanadium companies. Its CEO, Paul Cowley, can be seen in a number of video clips that I linked to at the bottom of the page. Despite being a blue chip name, First Vanadium’s market cap is just US$19.5 M. This, for a company that claims to have the highest-grade primary vanadium project in North America, and a plan to fast-track its flagship project in Nevada. To top it all off, management just released a summary of their Maiden mineral resource estimate.