CanAlaska Uranium
Primary tickers: TSXV:CVV, OTCQX:CVVUF, Frankfurt:DH7N
Stage of development: Exploration
Primary minerals: Uranium & Base Metals
Projects to promote: West McArthur & Key Extension
Project locations: Athabasca Basin, Saskatchewan
Website: canalaska.com
Company presentation: Click here
Company video: Click here
New Basement-Hosted Uranium Discovery CanAlaska Uranium Ltd. is focused on a series of recent uranium discoveries on our West McArthur, Waterbury South, and Moon Lake South Projects in Canada’s Athabasca Basin. In July of 2022, the Company announced a new basement-hosted uranium discovery on its West McArthur project, a Joint Venture with Cameco Corp that is operated by CanAlaska. Drillhole WMA067 intersected 9.0 m @ 2.4% U3O8, which includes 6.0 m @ 3.5% U3O8. This discovery is located 6 km from the Company’s ‘42 Zone’ mineralization where additional high-grade uranium has been intersected at the unconformity. In early 2021, the Company intersected a Polymetallic Uranium Zone with up to 2.42% Ni and associated U, As and Co with its first drilling program on the 100%-owned Waterbury South project. At Moon Lake South, a new Joint Venture with Denison Mines, the first drill program intersected two new zones of uranium mineralization.
Cash: CAD$8M
Debt: NIL
Major shareholders:
Cameco
1832 Fund
Zechner
Management ownership- 7%
Financials
Management Profile
Cory Belyk, President & CEO
Geologist with nearly 30 years of experience in exploration and mining operations, project evaluation and business development. His depth of experience is a result of work on a global scale including Asia, Africa, Europe, North America and Australia. Mr. Belyk was previously employed by COGEMA (now Orano), Uranerz Exploration and Mining Ltd, and Cameco Corporation in the Athabasca Basin, Saskatchewan. His recent focus was on global activities related to Cameco’s project evaluation, business development, and international exploration activity with direct oversight and accountability for offices in Mongolia and Australia. Mr. Belyk was a member of Cameco’s exploration management team during the recent Fox Lake and West McArthur uranium discoveries.
What is your rationale for taking part in 121 Mining Investment?
Investor Exposure
What recent news would you like to highlight to investors attending?
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Discover more uranium
6 Months:
Discover more uranium
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Being taken over too early
What do you think makes your company such a compelling investment?
Major Uranium discovery
What are the top 3 key investor takeaways?
High ranking for its exploration upside potential. While we see a chance for uranium discoveries at any one of its Athabasca projects, we favour West McArthur, Cree East and Waterbury. West McArthur in particular, a project located just west of Cameco’s (TSX:CCO, Not Rated) high-grade McArthur River mine, has attracted investment by Cameco. Drilling at West McArthur’s Grid 5 area hit 6.8% U3O8 over 0.7m with a huge alteration halo.
Text BoxRecent purchase of past-producing Manibridge nickel mine in Manitoba’s world-class Thompson Nickel Belt makes this a strategic asset. The property has top tier targets for battery grade nickel.
Diamond and copper exposure. It owns 100% of the Western Athabasca diamond project with several prospective targets, as well as the Mouse Mountain Cu-Au porphyry prospect in BC, which has potential for a large, bulk tonnage discovery.