Blue Sky Uranium’s Amarillo Grande project, including the Ivana deposit, is featured in “Uranium 2026: Resources, Production and Demand”, the Red Book published by the OECD Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA). The Canadian company announced the news on 26 October 2026. The project combines uranium and vanadium and is located in Argentina.
In the report, Ivana is listed as one of the country’s four prospective production centres, alongside Laguna Salada, Sierra Pintada (under remediation) and Cerro Solo (on standby). Of the four, Ivana has the highest nominal production capacity. In a global comparison of planned or prospective mines with open-pit plans, it ranks sixth by nominal capacity.
On resource figures, according to Red Book data compiled by the company, Ivana holds the largest uranium resource of Argentina’s seven deposits when inferred resources are excluded. When inferred resources are included, it ranks third. The report summarises exploration programmes and data from the 2024 preliminary economic assessment. Ivana’s estimates use a reclassification method and do not follow the NI 43-101 standard. The rankings refer to resources and prospective capacity, not current production.
The Red Book is the reference publication on uranium. This is its 31st edition, drawing on data from 46 producing and consuming countries, with nuclear capacity projections through 2050. Identified recoverable resources at under $260 per kilogram of uranium exceed 8.1 million tonnes, up 2.1% from the previous edition. According to the report, that is enough to meet even the highest projected demand in 2050.
Global exploration and development spending exceeded $1.78 billion in 2023-2024, roughly 46% more than in 2021-2022. The report notes that further investment is needed to turn resources into supply. For Blue Sky, the backdrop is favourable: President and CEO Nikolaos Cacos said Amarillo Grande is well positioned as Argentina considers a possible restart of domestic uranium production. The company is advancing Ivana with its joint venture partner.
If Argentina decides to restart mining, a deposit already included in the NEA and IAEA international data framework will have an authoritative reference point for attracting capital. The next step rests with investors and with decisions by the government in Buenos Aires.
