Blue Sky Uranium : Earnings Document

Blue Sky Uranium Corp.

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(Unaudited - Expressed in Canadian Dollars)

NOTICE OF NO AUDITOR REVIEW OF

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

In accordance with National Instrument 51-102 Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of these condensed consolidated interim financial statements they must be accompanied by a notice indicating that these condensed consolidated interim financial statements have not been reviewed by an auditor.

The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared by and are the responsibility of the Company's management. The Company's external auditors have not performed a review of these condensed consolidated interim financial statements.

Blue Sky Uranium Corp.

Consolidated Interim Statements of Financial Position

(Unaudited - Expressed in Canadian Dollars)

		June 30,	December 31,
		2023	2022
	Note	$	$
ASSETS
Current assets
Cash		1,046,181	1,796,358
Accounts receivable		15,069	18,546
Prepaid expenses		48,739	91,299
Total current assets		1,109,989	1,906,203
Non-current assets
Mineral property interests	3	133,915	99,682
Total non-current assets		133,915	99,682
Total Assets		1,243,904	2,005,885
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities	5	1,028,160	898,572
Total Liabilities		1,028,160	898,572
SHAREHODLERS' EQUITY
Share capital	4	40,903,552	40,286,362
Reserves	4	12,520,160	12,175,001
Share subscriptions received		111,000	-
Deficit		(53,318,968)	(51,354,050)
Total shareholders' equity		215,744	1,107,313
Total Shareholders' Equity and Liabilities		1,243,904	2,005,885

NATURE OF OPERATIONS AND GOING CONCERN (Note 1)

COMMITMENT (Note 9)

CONTINGENCY (Note 10)

SUBSEQUENT EVENTS (Note 13)

These condensed consolidated interim financial statements are authorized for issue by the Board of Directors on August 3, 2023. They are signed on the Company's behalf by:

"Nikolaos Cacos"	, Director
"David Terry"	, Director

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

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Blue Sky Uranium Corp.

Consolidated Interim Statements of Loss and Comprehensive Loss

(Unaudited - Expressed in Canadian Dollars)

		Three months ended	Six months ended
		June 30,		June 30,
		2023	2022	2023	2022
	Note	$	$	$	$
Expenses
Corporate development and investor relations		198,567	383,744	359,026	726,602
Exploration	3	693,186	1,704,040	1,522,770	3,286,669
Management fees	5	28,200	28,200	56,400	56,400
Office and sundry	5	8,309	7,271	19,373	13,576
Professional fees	5	33,763	54,552	62,158	76,815
Rent, parking and storage		4,310	4,310	8,620	8,620
Salaries and employee benefits	5	70,720	59,085	143,526	118,170
Transfer agent and regulatory fees		11,676	23,708	29,800	30,714
Travel		4,778	-	8,924	-
Loss from operating activities		1,053,509	2,264,910	2,210,597	4,317,566
Other (income) expenses
Foreign exchange loss (gain)		36,555	(402,466)	156,286	(292,710)
Gain on sale of marketable securities		(9,053)	(275,889)	(398,278)	(1,135,081)
Interest income		-	(120)	(3,687)	(1,598)
(Income) loss from other items		27,502	(678,475)	(245,679)	(1,429,389)
Loss and comprehensive loss for the period		1,081,011	1,586,435	1,964,918	2,888,177
Basic and diluted loss per common share ($)	6	0.00	0.01	0.01	0.02

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

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Blue Sky Uranium Corp.

Consolidated Interim Statements of Cash Flows

(Unaudited - Expressed in Canadian Dollars)

	Six months ended June 30,
	2023	2022
	$	$
Cash flows used in operating activities
Loss for the period	(1,964,918)	(2,888,177)
Change in non-cash working capital items:
Decrease (increase) in accounts receivable	3,477	(17,898)
Decrease in prepaid expenses	42,560	29,294
Increase in accounts payable and accrued liabilities	129,588	121,912
Net cash used in operating activities	(1,789,293)	(2,754,869)
Cash flow used in investing activities
Expenditures on mineral property interests	(34,233)	(47,745)
Net cash used in investing activities	(34,233)	(47,745)
Cash flows from financing activities
Issuance of common shares and warrants	1,010,423	2,100,000
Share issue costs	(48,074)	(91,205)
Warrants exercised	-	59,625
Subscriptions received	111,000	-
Net cash from financing activities	1,073,349	2,068,420
Net decrease in cash	(750,177)	(734,194)
Cash and cash equivalents at beginning of period	1,796,358	3,287,023
Cash and cash equivalents at end of period	1,046,181	2,552,829

SUPPLEMENTARY CASH FLOW INFORMATION (Note 11)

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

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