Uranium Investing

CanAlaska CEO Says SMR Technology Crucial Part of Nuclear Power Generation for Clean Energy

Uranium Investing

“This could be a great few decades of nuclear buildout that's in front of us, and ultimately more production of uranium, which is great for us to go find. We're out there to find these deposits,” said CanAlaska Uranium President and CEO Cory Belyk.

Canada has an SMR Action Plan to deploy small modular reactors (SMRs) at home and abroad. The introduction of this military technology into civilian use was just a fantasy two years ago, but it is actually starting to happen, according to CanAlaska Uranium (TSXV:CVV,OTCQX:CVVUF,FWB:DH7N) President and CEO Cory Belyk.

“SMRs are being built in Ontario by 2028. (About) 300 megawatts of SMR technology are going into the Darlington plant, generating clean electricity for 300,000 Canadian homes. That's just Canada. This is starting to happen on a global scale,” said Belyk.

The CEO anticipates a great few decades of nuclear buildout, which will ultimately need more uranium production.

“And when it does, what does it really mean? We need more uranium fuel, and that's where CanAlaska comes in. We find the fuel that will eventually make its way to these reactors and generate that clean electricity.”

CanAlaska Uranium is preparing for a 2,000 meter drill program consisting of eight drill holes on its 60 percent owned Geikie project in the Athabasca Basin.

Watch the full interview with CanAlaska Uranium president and CEO Cory Belyk above.

Disclaimer: This interview is sponsored by CanAlaska Uranium (TSXV:CVV,OTCQX:CVVUF,FWB:DH7N). This interview provides information which was sourced by the Investing News Network (INN) and approved by CanAlaska Uranium in order to help investors learn more about the company. CanAlaska Uranium is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with CanAlaska Uranium and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

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