Joseph Grosso: Uranium is the Horse that Starts Slow, But Wins the Race
Joseph is Chairman of Blue Sky Uranium Corp. and he is a big believer in uranium. He became interested in Argentina with its vast size and potential. He looked for opportunities, and he discovered the incredible potential that became a life changer for him.
He likes to look for investments that are out of season, and he feels we are in one such market right now. Everyone should be patient and gradually invest for the next market cycle.
Uranium mostly due to human error has been put into the doldrums even though it’s still very vital to world energy needs. It’s just a matter of time before it will be needed again. For Argentina uranium has the potential to be a great winner. Blue Sky has a large area (150km by 50km) in Argentina where they are exploring and testing for large uranium deposits. The uranium they are discovering is mixed with vanadium, so they have two viable products. The targets they are looking at are immense.
Joseph feels a supply shortage is looming in uranium and that the price will rise in 2019. He thinks that uranium is worth betting on, it may be behind right now, but inevitably he believes it will win the race.
Talking Points From This Episode
• Sees a lot of potential for mining in Argentina
• Exploring a large deposit of uranium and vanadium
• Feels supply crunch is looming in uranium which will show up in 2019.
• Be patient, look for opportunities and invest gradually for the next market cycle.
Joseph Grosso Chairman of the Board of Blue Sky Uranium Corp. and is the President and Founder of Grosso Group Management Ltd. and President and CEO of Golden Arrow Resources Corporation. He became one of the early pioneers of the mining sector in Argentina in 1993 when mining was opened to foreign investment and was named Argentina’s Mining Man of the Year in 2005. His knowledge of Argentina was instrumental in attracting a premier team which led to the acquisition of critical properties in Golden Arrow’s portfolio. He has successfully formed strategic alliances and negotiated with mining industry majors such as Barrick, Teck, Newmont, Viceroy (now Yamana Gold) and Vale, and government officials at all levels. Mr. Grosso’s specialty is financing, negotiations, corporate and marketing strategies. He is an early and passionate and committed adopter of best practices in environmental protection and socio-economic development through mineral exploration. Of Italian descent and fluent in Italian, English, and Spanish, Grosso has lived in Argentina and Peru where he acquired a profound appreciation for Latin culture and successfully developed a vast network of contacts which have been very beneficial to the associated companies of the Grosso Group.