07:48 AM EDT, 08/15/2025 (MT Newswires) -- Blue Sky Uranium ( BKUCF ) said Friday that it closed the third and final tranche of its private placement, raising a total of about $1.8 million.

The company issued a total of 29.2 million units in the offering. Each unit consists of one share and one transferrable warrant. Each warrant can be exercised at $0.075 per share for three years.

Blue Sky plans to use the proceeds for general working capital.

The company's share price closed 4.5% higher on Thursday to $0.0575 on the TSXV.