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CanAlaska Uranium Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties. The company explores primarily for uranium, nickel, copper, gold, and diamond deposits. It holds interests in 15 projects covering approximately 211,000 hectares across the provinces of Saskatchewan, Manitoba, British Columbia, and Alberta in Canada. Previously known as Canalaska Ventures Ltd., it was founded in 1985 and headquartered in Vancouver, Canada.
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CanAlaska Uranium signs agreements with Bayridge Resources Corp. to allow Bayridge to earn up to an 80% interest in Waterbury East and Constellation Projects in the Athabasca Basin, Saskatchewan. Bayridge must undertake work and payments in three defined earn-in stages to earn interest in each project. CanAlaska CEO, Cory Belyk, expresses excitement about the substantial exploration investment by Bayridge, emphasizing the potential for discovery in the region.
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CanAlaska Uranium announces a definitive agreement with Nexus Uranium Corp. to earn up to a 75% interest in the Cree East Project, covering 57,752 hectares in the Athabasca Basin. Nexus can earn the interest in three stages by making cash payments, issuing shares, and incurring exploration costs. CanAlaska will be the operator during the first two stages, with Nexus assuming operatorship after earning a 60% interest. Initial exploration permits have been submitted for approval.
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CanAlaska Uranium Ltd. reports significant uranium mineralization at the West McArthur Project, with drillhole WMA082-4 intersecting 13.75% eU3O8 over 16.8 metres, including high-grade intervals. The ongoing winter program aims to expand the Pike Zone discovery and test unconformities. CanAlaska, in a Joint Venture with Cameco Corporation, operates the project and funds the 2024 program independently, increasing its ownership. CEO Cory Belyk expresses excitement over the potential for tier 1 uranium deposits at the project site.
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CanAlaska Uranium Ltd. has signed Letters of Intent with Bayridge Resources Corp. to allow Bayridge to earn up to an 80% interest in the Waterbury East and Constellation Projects in the Athabasca Basin, Saskatchewan. Bayridge will undertake work and payments in three earn-in stages to reach the 80% interest. CanAlaska CEO is optimistic about the partnership and the potential for significant news flow as the projects advance.
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CanAlaska Uranium Ltd. announces the mobilization of drill crews and equipment for the 2024 drill program on the Geikie uranium project near the Athabasca Basin margin. The program will focus on high-priority targets with large gravity anomalies identified during the 2023 drill campaign. The company plans to conduct a 2,500-meter drilling program to follow up on mineralization encountered in drillhole GKI002 and explore regional targets from high-resolution geophysical data integration. The Geikie project is currently funded by Basin Energy Limited, with CanAlaska holding a 40% ownership stake.
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CanAlaska Uranium Ltd. has entered into a Letter of Intent with Nexus Uranium Corp. to allow Nexus to earn up to a 75% interest in the Cree East Project in the Athabasca Basin, Saskatchewan. Nexus may earn the interest by undertaking work and payments in three defined earn-in stages. The partnership aims to move the large and highly prospective Cree East project forward toward discovery, with a significant investment in the uranium market, which is currently experiencing a major resurgence.
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CanAlaska Uranium Ltd. announces the acquisition of the Nebula Project in the Athabasca Basin, Saskatchewan through a Property Swap Agreement with F3 Uranium Corp. The project covers 14,854 hectares and over 40 kilometers of the Key Lake structural corridor. The Nebula Project is located 35 kilometers southwest of the Key Lake Mine and Mill complex and presents multiple drill targets, significant faults, alteration, and a uranium boulder train. The agreement was dated January 16, 2024.
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CanAlaska Uranium Ltd. announces mobilization of drill crews and equipment for a $7.5 million 2024 program on the West McArthur Joint Venture project. The 2024 West McArthur drill program will focus on expanding the Pike Zone discovery and unconformity testing. Assay results from the 2023 fall drill program confirm high-grade uranium intersections, with a high-grade intersection grading 1.03% U3O8 over 6.3 meters. The Company is sole-funding the 2024 program, increasing its majority ownership in the Project.
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CanAlaska Uranium Ltd. announces the sale of the Titan Project in the Athabasca Basin, Saskatchewan to Cosa Resources Corp. for $10,000 in cash and 300,000 common shares of Cosa. The CEO comments on the value upside and quick value realization through the transaction partnership. The Consideration Shares will be subject to a four-month hold period and voluntary resale restrictions. The management team will be attending the Vancouver Resource Investment Conference on January 21st and 22nd.
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CanAlaska Uranium Ltd. (TSXV: CVV) is preparing for winter drill programs at three projects in the southeastern Athabasca Basin. The $7.5 million exploration program at the West McArthur Joint Venture project will focus on expanding the Pike Zone discovery. Moon Lake South Joint Venture approved a $2.7 million exploration program, and the Geikie winter program will focus on follow-up targets associated with gravity lows and regional exploration targets. CanAlaska is fully funded for its 2024 exploration programs.
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FAQ
What is the current stock price of CANALASKA URANIUM (CVVUF)?
The current stock price of CANALASKA URANIUM (CVVUF) is $0.5086 as of October 15, 2024.
What is the market cap of CANALASKA URANIUM (CVVUF)?
The market cap of CANALASKA URANIUM (CVVUF) is approximately 94.6M.
What does CanAlaska Uranium Ltd. specialize in?
CanAlaska Uranium Ltd. specializes in the acquisition and exploration of mineral properties primarily for uranium, nickel, copper, gold, and diamond deposits.
Where is CanAlaska Uranium Ltd. headquartered?
CanAlaska Uranium Ltd. is headquartered in Vancouver, Canada.
When was CanAlaska Uranium Ltd. founded?
CanAlaska Uranium Ltd. was founded in 1985.
How many projects does CanAlaska Uranium Ltd. hold interests in?
CanAlaska Uranium Ltd. holds interests in 15 projects covering an area of approximately 211,000 hectares across various Canadian provinces.
What was CanAlaska Uranium Ltd.'s previous name?
Previously known as Canalaska Ventures Ltd.
What kind of mineral deposits does CanAlaska Uranium Ltd. explore for?
CanAlaska Uranium Ltd. explores primarily for uranium, nickel, copper, gold, and diamond deposits.
What is the primary focus of CanAlaska Uranium Ltd.'s 2024 summer drill program?
The primary focus of CanAlaska Uranium Ltd.'s 2024 summer drill program is the continued delineation and expansion of the ultra high-grade Pike Zone uranium discovery.
What will be the estimated drilling meterage for CanAlaska Uranium Ltd.'s 2024 summer drill program?
The 2024 summer drill program will consist of two diamond drills targeting approximately 9,000 meters of drilling.
What major international mining companies is CanAlaska Uranium Ltd. currently working with?
CanAlaska Uranium Ltd. is working with Cameco on the West McArthur JV project and Denison on the Moon Lake South JV project.
Where can I find more information about CanAlaska Uranium Ltd.?
For further information, visit CanAlaska Uranium Ltd.'s website at www.canalaska.com.
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