09:59 AM EDT, 09/29/2025 (MT Newswires) -- Blue Sky Uranium ( BKUCF ) rose 7.7% Monday after it said Ivana Minerales S.A. (IMSA), a partnership with a unit of Corporacion America Group (COAM), started the first exploration program on targets surrounding the Ivana deposit.

The company said, pursuant to the Earn-In Agreement, IMSA has the exclusive right and option to buy a 100% interest in all or part of certain exploration targets at the Amarillo Grande project. The program started with a pole-dipole electrical tomography survey at the Ivana Gap target to delineate potential drill targets in the area immediately north of the Ivana Deposit.

IMSA completed the previously announced infill drilling program at the Ivana Deposit, marking a key milestone toward completing a prefeasibility study (PFS). The infill program included 4,959 meters of drilling across 328 holes, bringing the total drilling at the deposit to 15,839 meters of drilling across 1,166 holes.

"These complimentary programs contribute to Blue Sky's strategic objectives of advancing the many high-quality exploration targets into economic uranium deposits at the district scale Amarillo Grande Project, with Ivana potentially providing the initial production and a central processing facility," said Blue Sky chief executive Nikolaos Cacos.

Shares of the company were last seen up $0.005 at $0.07 on the TSX Venture Exchange.

Price: 0.07, Change: +0.01, Percent Change: +7.69