Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF) has announced that the lawsuit introduced before the Supreme Court of the Province of Rio Negro in Argentina and a subsequent appeal filed before the same court against the company have been dismissed.
The company said the plaintiffs have not filed any further appeals, making the ruling final.
Blue Sky referred to an announcement made on September 16, 2021, in which it said that its wholly-owned Argentinian subsidiary Minera Cielo Azul (MCA) had received notice that it had been named in a lawsuit by anti-mining, environmental activists in Argentina against its Amarillo Grande project. The defendants in this action were MCA and the Government of the Province of Rio Negro.
READ: Blue Sky Uranium kicks off drilling at its Amarillo Grande project in Argentina
"As initially stated by the company, the lawsuit proved to be without merit,” Blue Sky said in a statement.
“The company and MCA have obtained the relevant permits for all its exploration activities and operate in full compliance with applicable laws and regulations.”
Throughout this process, Blue Sky said exploration operations proceeded unimpeded and it is continuing with its drilling plans, surface exploration initiatives, advanced metallurgical studies, and environmental baseline studies as previously announced.
"We are pleased to have this matter behind us and give our full attention to our ongoing exploration programs in accordance with all applicable laws and regulations," the company’s president and CEO Nikolaos Cacos said.
"On behalf of the board, I thank our legal team and the support of our shareholders."
Blue Sky Uranium is on the verge of becoming a South American leader in uranium production. The energy metal discovery firm has exclusive rights to properties in two provinces in Argentina and is a member of the Grosso Group, a resource management collective that has pioneered Argentinian exploration since 1993.
Contact the author at stephen.gunnion@proactiveinvestors.com