Resource News

Multiple Targets Within and Near Historical Mineralized Nickel Zone

CanAlaska Has Ongoing Uranium and Nickel Exploration Activity on Multiple Projects

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") is pleased to announce that a planned 3,000 m drill program has started on the high-grade Manibridge nickel project in the Thompson Nickel Belt, Manitoba (Figure 1). Drilling will focus near the past-producing Manibridge Nickel Mine that produced 1.3 million tonnes at an average grade of 2.55% nickel and 0.27% copper from 1971 to 1977.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2864/115903_4ff04f5354083829_001.jpg

Figure 1

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2864/115903_4ff04f5354083829_001full.jpg

Nine drill holes, for a total of 3,000 m, are planned within one kilometre of the past-producing high-grade nickel mine. The program is designed to test several different target concepts that will provide new geological information to help advance the Manibridge project to the next stages of exploration (Figure 2). This drilling program is being solely funded by Metal Energy Corp. as part of a staged earn-in option agreement. CanAlaska is the current operator on the project.

CanAlaska CEO, Cory Belyk, comments, "With the price of nickel taking off and nickel inventories at an historic low, now is the time to advance high-grade sulphide nickel projects such as Manibridge to the next level of exploration and investment. We are excited to be part of the inaugural drilling program under this new option agreement with Metal Energy. With CanAlaska's extensive Thompson Nickel Belt holdings, our shareholders are well positioned to take advantage of the increasing nickel market fundamentals."

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2864/115903_4ff04f5354083829_002.jpg

Figure 2

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2864/115903_4ff04f5354083829_002full.jpg

About the Manibridge Project

Manibridge encompasses 4,368 hectares and is within the world-class Thompson Nickel Belt. The Project is 20 kilometers southwest of Wabowden, Manitoba, which has significant infrastructure and capacity that has supported previous exploration programs, including year-round highway access via Highway 6.

Other News

The Company is actively drilling on it's 100%-owned Waterbury South uranium project in the northeastern Athabasca Basin, near the Cigar Lake uranium mine.

Additionally, the Company's Stepwise Moving Loop Time Domain Electromagnetic Survey continues on its West McArthur Joint Venture project.

A ground gravity survey on the Company's new Key Extension project has commenced and is anticipated to be completed by month's end.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 300,000 hectares (750,000 acres), in Canada's Athabasca Basin - the "Saudi Arabia of Uranium." CanAlaska's strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company's properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world's richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Nathan Bridge, MSc., P.Geo., CanAlaska's Vice President, Exploration.

On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, M.Sc., P.Geo.
President
CanAlaska Uranium Ltd.

Contacts:

Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
Email: cbelyk@canalaska.com

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: info@canalaska.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115903

News Provided by Newsfile via QuoteMedia

CVV:CA
TSXV:CVV

CanAlaska Uranium


Keep reading...Show less
CanAlaska Now Trading on OTCQX Platform

CanAlaska Now Trading on OTCQX Platform

USA investors to gain better access to quotes and trading

New uranium discovery in Athabasca Basin advancing

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CanAlaska Grants Stock Options

CanAlaska Grants Stock Options

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") announces that it has granted incentive stock options to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 2,170,000 common shares of the Company pursuant to the company's share option plan. The options are exercisable for a period of three years at a price of $0.49 per share.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CanAlaska Discovers Significant New Uranium Zone at West McArthur

CanAlaska Discovers Significant New Uranium Zone at West McArthur

Wide Zone of Basement-Hosted Uranium Mineralization 6 Km South of 42 Zone

Faulted Graphitic Conductor with Mineralization 100 m Below Unconformity

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CanAlaska Commences Airborne Survey at Geikie Project in Athabasca Basin

CanAlaska Commences Airborne Survey at Geikie Project in Athabasca Basin

Airborne Magnetics and Radiometrics to Confirm Existing Targets and Generate New Targets, Preparing for Planned Summer Ground Prospecting Program

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") is pleased to announce it has commenced a high-resolution helicopter-borne aeromagnetics and radiometrics survey on it's Geikie project in the Athabasca Basin (Figure 1). The survey consists of 3,731 line-km's of airborne surveying at 100 m line-spacing across the Geikie project to identify magnetic and radiometric anomalies for future targeted ground prospecting and drilling.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CanAlaska Commences Airborne Survey at Key Extension Project in Athabasca Basin

CanAlaska Commences Airborne Survey at Key Extension Project in Athabasca Basin

Airborne Magnetics and Radiometrics to Confirm Targeting Near Large Gravity Anomalies

Summer Ground Prospecting and Drill Program Now Permitted

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

UEX Announces Amended Arrangement Agreement with Uranium Energy Corp.

(TheNewswire)

UEX Corporation

Saskatoon, Saskatchewan TheNewswire - August 5, 2022 UEX Corporation (TSX:UEX ) ( OTC:UEXCF) (" UEX " or the " Company ") is pleased to announce that it has entered into an amendment (the " Amended UEC Agreement ") to the arrangement agreement dated June 13, 2022, as amended June 23, 2022 among Uranium Energy Corp. (" UEC "), UEC 2022 Acquisition Corp. (the " Purchaser ") and UEX (the " UEC Agreement "). Pursuant to the Amended UEC Agreement, the Purchaser, a wholly-owned subsidiary of UEC, will acquire all of the issued and outstanding common shares of UEX (the " UEX Shares ") pursuant to a statutory plan of arrangement under the Canada Business Corporations Act and in return UEX shareholders (" UEX Shareholders ") will receive, for each UEX Share held, 0.0890 of one share of UEC (" UEC Shares ") as consideration (the " UEC Arrangement ").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Denison Reports Financial and Operational Results for Q2 2022, Including Uranium Sales from Production at $74.65 per lb U3O8

Denison Mines logo (CNW Group/Denison Mines Corp.)

Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the quarter ended June 30, 2022 . Both documents will be available on the Company's website at www.denisonmines.com , SEDAR (at www.sedar.com ) and EDGAR (at www.sec.govedgar.shtml ). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. PDF Version

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
nuclear reactors

VIDEO — Lobo Tiggre: My Shopping List is Ready and Uranium Stocks are at the Top

Lobo Tiggreyoutu.be

The US Federal Reserve was in focus last week as it hiked interest rates by 75 basis points.

Speaking to the Investing News Network, Lobo Tiggre, editor and founder of IndependentSpeculator.com, said a critical takeaway is that the pace of increases looks set to slow from hereon out.

In a press conference after the central bank's meeting, Chair Jerome Powell said the Fed wants to end the year with rates at 3 to 3.5 percent, not far from the current 2.25 to 2.5 percent.

Keep reading...Show less

Denison Achieves Key Milestone with Completion of Metallurgical Test Work to Define Phoenix Process Plant Components and Confirmation of Ability to Produce Yellowcake

Denison Mines logo (CNW Group/Denison Mines Corp.)

Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce the substantial completion of extensive metallurgical test work to define the mechanical components for the planned Phoenix processing plant (the "Phoenix Plant"), as part of the Feasibility Study ("FS") underway for the Company's 95% owned Wheeler River project ("Wheeler River" or the "Project").  In addition, the metallurgical program has confirmed the ability to produce a yellowcake product that meets industry standard ASTM C967-13 specifications (see below for details). View PDF Version

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Ur-Energy Releases 2022 Q2 Results

Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (the "Company" or "Ur-Energy") has filed the Company's Form 10-Q for the quarter ended June 30, 2022, with the U.S. Securities and Exchange Commission at www.sec.govedgar.shtml and with Canadian securities authorities at www.sedar.com

Ur-Energy CEO, John Cash said, "2022 has been an exciting year for Ur-Energy thus far with several, recent notable developments. We have maintained a strong cash position as we continue to build-out header house 2-4 and its associated mine production unit, which will ultimately accelerate our ability to ramp up to full production when market conditions warrant. Initial field testing of our patented well installation technology has been successful and will continue into August when we expect to seek final agency approval if testing is completed successfully.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
stock chart rising, person points to the top of the arrow

Top 3 ASX Uranium Stocks of 2022

Uranium has broken out, with prices hitting their highest level in over a decade in mid-April. The sector's supply/demand dynamics are complex, but a key driver is the global desire to move toward cleaner energy.

Although the uranium market's turnaround has taken time, experts are predicting a bright future, and some ASX-listed companies focused on the commodity have been making gains.

Below the Investing News Network has listed the top uranium stocks on the ASX by year-to-date gains. Data for this top uranium stocks list was gathered using TradingView's stock screener on May 28, 2022, and all companies included had market caps above AU$50 million at the time.

Keep reading...Show less

Latest Press Releases

Related News

×