VANCOUVER, BC (By Blue Sky, 11.May.2026, Words: 706) — Blue Sky Uranium Corp.’s joint venture operating company Ivana Minerales S.A. (IMSA) executed service agreements with M3 Engineering & Technology and the Saskatchewan Research Council (SRC) to support engineering and metallurgical testing programs for the Ivana uranium‑vanadium project in Rio Negro province, Argentina.
These agreements represent an important step in advancing the Ivana project toward pre‑feasibility and feasibility level studies, providing the technical framework required to optimize metallurgical recovery, support engineering design, advance economic evaluation of the project and, ultimately, support potential development decisions for the Ivana project. The programs will generate key engineering and metallurgical data necessary to:
— define the optimal processing flowsheet for uranium and vanadium recovery.
— support process design and engineering required for economic studies.
— reduce technical risk through detailed metallurgical characterization and recovery testing.
— integrate metallurgical results into broader mine planning, environmental, and engineering studies.
Nikolaos Cacos, President and CEO of Blue Sky Uranium Corp., commented: “With the execution of these agreements we remain on track with our timeline to advance the Ivana Project and unlock the potential value of this significant uranium‑vanadium deposit. We will now be moving forward to collect and assess the metallurgical data required to support future economic studies and project development. The agreements with M3 and SRC bring together world‑class engineering and metallurgical expertise that will be critical to optimizing uranium and vanadium recovery and advancing the project toward the next stage.”
Current work programs underway on the Ivana project include:
— metallurgical testing and process development
— environmental baseline and permitting studies
— hydrogeological investigations and water sourcing
Future phases of work are expected to include geotechnical investigations, mine engineering, civil engineering, and process engineering to support future economic studies.
Metallurgical Testing Program Details
IMSA has entered into a services agreement with the SRC to conduct a comprehensive metallurgical testing program at SRC’s laboratories in Canada.
The initial phase I program will involve approximately 900 kilograms of mineralized material consisting of three composite samples representing low‑grade, medium‑grade, and high‑grade mineralization from the Ivana deposit. The samples have arrived at the SRC laboratory and testing is expected to commence shortly.
The metallurgical program will include detailed mineralogical characterization, beneficiation testing including scalping and attrition scrubbing, bottle roll leaching tests evaluating both alkaline and acidic leach conditions, and analysis of uranium and vanadium extraction kinetics and reagent consumption.
The results of this program will support the definition of optimal processing parameters and may lead to additional phase II work including agitated leach testing, solvent extraction circuits to separate uranium and vanadium, product precipitation testing, and filtration and tailings management assessments.
Engineering Services Agreement Details
IMSA has entered into service agreements with M3 Engineering & Technology Corporation (USA) and M3 Argentina S.R.L. to provide engineering, advisory, and consulting services in support of the ongoing feasibility study program for the Ivana uranium-vanadium project.
M3 is an internationally recognized engineering firm with extensive experience in the design, engineering, and development of mining and metallurgical processing facilities. Through these agreements, M3 will work closely with the company and its technical consultants to advance key engineering and project development activities required to support future economic studies and potential project development.
Under the scope of the agreements, M3 will provide engineering coordination, technical advisory services, and feasibility study support, including the integration of metallurgical test work results into the design of the proposed processing flowsheet and plant configuration. The engineering work will include the evaluation and development of processing alternatives, optimization of metallurgical recovery parameters, and definition of the principal process circuits required for uranium and vanadium recovery.
M3 will also assist in coordinating and integrating engineering inputs across multiple technical disciplines required for feasibility-level studies, including process engineering, mine planning support, infrastructure development, and civil engineering considerations. This work will help define key project design criteria, including plant throughput assumptions, process plant layout, infrastructure requirements, and other engineering parameters necessary for project evaluation.
In addition, M3 will support the preparation and integration of engineering inputs required for capital and operating cost estimation, which will form part of the technical and economic framework of future project studies. The firm will also assist in ensuring that metallurgical test work results generated by the SRC are effectively incorporated into engineering design and process development.
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