Energy

Nathan Bridge appointed VP to work with Dr. Karl Schimann

Saskatchewan Technical Team Expands with senior geologists Carey Galeschuk and Greg Gudmundson

Appointments Support Renewed Investment Interest in Carbon-Free Energy Metals

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) ("CanAlaska" or the "Company") is pleased to announce the appointment of Mr. Nathan Bridge to Vice President of Exploration of the Company effective July 12, 2021. Dr. Karl Schimann will continue as Senior Exploration Consultant to CanAlaska, working closely with Nathan in transition to execute on the Company's exploration plans. The Company's activities are accelerating rapidly in a renewed investment environment for carbon-free energy metals, the core of CanAlaska's portfolio.

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Mr. Nathan Bridge

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Mr. Nathan Bridge has over a decade of experience managing exploration, delineation, and geotechnical drilling programs at Cameco Corporation. He was senior Geologist on Cameco's Fox Lake discovery team that took the deposit from exploration stage, through discovery, and into resource definition. Nathan has spent the majority of his career exploring for uranium and in 2017 he led the exploration program that discovered the 42 Zone on the Company's West McArthur project. Apart from his extensive experience on uranium mineralization zones along the "C10" corridor, Nathan has managed and worked on delineation and geotechnical programs on Cameco's Cigar Lake, Eagle Point and Millennium deposits. Nathan brings his very strong technical background to the CanAlaska team, focussing on exploration that is guided by geoscientific rigour and an understanding of the key criteria for the formation and preservation of high-quality ore deposits. Mr. Bridge is a licensed Professional Geoscientist and holds both B.Sc. and M.Sc. degrees in Geology, from the University of Western Ontario.

Nathan Bridge, Vice President Exploration, comments: "I am very excited to be joining the CanAlaska team. Having spent over eight years of my career working on the C10 corridor I've developed a deep understanding of the geology that hosts the Company's 42 Zone discovery. I have seen the magnitude and intensity of the alteration, structure, and mineralization along the C10 and have first-hand knowledge of its ability to host tier one uranium deposits. I look forward to advancing the Company's extensive portfolio of projects that cover the highly prospective Wollaston-Mudjatik Transition Zone in the eastern Athabasca Basin. On top of the uranium projects, I'm thrilled about the nickel portfolio that the Company has assembled and I am excited to work with the team to make discoveries of this increasingly important battery metal in a globally established mineral belt. We have assembled a top-notch team with a deep understanding of uranium and nickel deposits that will allow us to be successful in moving CanAlaska toward new discoveries."

The Company is also pleased to announce the additions of Mr. Carey Galeschuk as Senior Exploration Geologist and Mr. Greg Gudmundson as Project Geologist. Mr. Galeschuk is a Professional Geoscientist registered in four provinces in Canada and has over 30 years of mineral exploration experience in a vast array of geological settings and commodities, including nickel, copper, zinc, PGE, cobalt, lithium, tantalum, rare earths, gold and industrial minerals. Carey has been a geological consultant since 2016 following numerous geology roles in junior and senior exploration companies, including management of exploration for the Tantalum Mining Corporation (Tanco Mine) and VP Exploration for Mustang Minerals. Mr. Galeschuk has a B.Sc. in Geology from the University of Saskatchewan.

Mr. Gudmundson has nearly 30 years of geological and management experience spanning environmental, wellsite, gold and uranium exploration. Most recently, Greg was with Orano Canada as a project geologist for over 15 years where he was responsible for project design, execution and management of greenfield to brownfield uranium exploration programs in the Athabasca Basin of northern Saskatchewan. Mr. Gudmundson is a registered Professional Geoscientist with a B.Sc. in Geology from the University of Saskatchewan.

As part of CanAlaska's transition, Dr. Karl Schimann has assumed the role of Senior Exploration Consultant with the Company after 17 years as Vice President Exploration. Dr. Schimann has been integral to the growth of CanAlaska's exploration portfolio since 2004 helping guide the Company with innovative exploration techniques targeting discovery of a tier one uranium deposit. CanAlaska's current portfolio of projects are world-class and have the Company poised for ongoing discoveries in uranium, nickel and copper. Recent exploration successes at West McArthur and Waterbury South highlight the importance of the early exploration direction set by Dr. Schimann to assemble this strategic land-holding. In his new role, Karl will continue to be an integral part of the CanAlaska team moving forward and will remain on the Company's Board of Directors.

The Company also announces that it has granted incentive stock options to an officer of the Company to purchase up to 200,000 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 $0.54 per share.

Cory Belyk, Chief Executive Officer, comments: "The additions of Nathan, Carey and Greg bring an incredible wealth of experience to the CanAlaska team in our core portfolio commodities of uranium and nickel. This is an exciting time for CanAlaska as we get ready to roll into this developing commodity cycle for carbon-free energy metals as the dream of an electrified world becomes a reality. The ability to attract such talented and experienced individuals to the team is a testament to our impressive portfolio of projects in the Athabasca Basin and Thompson Nickel Belt. Peter, Karl and myself look forward to working with the new team members as they grow and flourish, and ultimately bring new discoveries to our shareholders."

Other News

The Company has recently opened a new office in Saskatoon, Saskatchewan to support the growing exploration team.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 214,000 hectares (530,000 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 Dr. Karl Schimann, P. Geo, CanAlaska director and Senior Exploration Consultant.

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

Contacts:
Cory Belyk,
Executive Vice President & 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.

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Global Atomic Announces Q2 2022 Results

Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announced today its operating and financial results for the three and six months ended June 30, 2022 .

HIGHLIGHTS

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Global Atomic Concludes Negotiations with the Government of Niger, forms Dasa Project Operating Company and appoints Board of Directors and Senior Management

Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (Frankfurt: G12), is pleased to announce the incorporation of Société Minière DASA S.A. or "SOMIDA", the Company's Niger mining subsidiary under which the Dasa Uranium Project will operate. SOMIDA will be governed by a Board of Directors comprised of six representatives from the Company and three representatives of the Government of Niger .

Global Atomic Corporation Logo (CNW Group/Global Atomic Corporation)

HIGHLIGHTS:
  • Share ownership of SOMIDA will be 80% Global Atomic and 20% Government of Niger , including the 10% carried interest provided under the Niger Mining Code
  • The Niger Government will own 20% of the shares of SOMIDA and receive dividend income when paid
  • The Niger Government is obligated to contribute 10% of all capital and operating costs over the life of the mine
  • Moussa Souley, the former Managing Director of Orano's COMINAK Mine, has been appointed Managing Director of SOMIDA
  • Robert Parr , Mining Engineer, MBA, has been appointed Project Manager for Dasa

"Global Atomic Corporation would like to thank His Excellency, President Mohamed Bazoum and Madame Hadizatou Ousseini Yacouba, Minister of Mines of the Republic of Niger , for their support of the Dasa Project. We look forward to a long-term partnership in the development and operation of our outstanding new uranium mine which will benefit all Nigeriens", said Stephen G. Roman , Global Atomic's President & CEO.

"The Niger Government's decision to acquire and fund an additional 10% interest in the Dasa Project reflects their confidence in the quality of the deposit and longevity of the mine.  Uranium mining plays an important social-economic role in Niger , providing steady long-term employment and associated economic benefits including royalty payments, tax revenue at the local, regional and national levels, foreign exchange earnings and funds for regional development and local communities."

"This agreement demonstrates the Niger Government's commitment to support the Dasa Project, which will be viewed positively by our Banking Syndicate, who are currently conducting their Due Diligence review. We are now constructing the Dasa mining camp to house employees during construction and early-stage mine development. The Mine Site infrastructure is currently well advanced, with completion timed to coincide with commencement of mining operations and the collaring of the Portal, scheduled for November, 2022."

About Moussa Souley

Moussa Souley, is a Nigerien mining engineer, who from 2016 to 2021 was the Managing Director of the COMINAK Underground Mine a subsidiary of the French nuclear energy company Orano Group, located 100 kms north of the Dasa Project.  The Cominak Mine employed over 1,000 people and shut down after 50 years of mining in March 2021 .

Starting in December 2002 , Mr. Souley held several management positions with Orano (previously AREVA) in Niger and France.  Prior to that Mr. Souley worked as a mining engineer for Noranda in Canada , where he also studied mining and mineral processing engineering and received his Masters Degree in Mineral Economics from the University of Montreal .  Mr. Souley has also lectured and designed workshops at the Engineering School of Mines, Industry and Geology in Niamey, Niger .  Mr Souley speaks French and English.

About Robert Parr

Robert Parr is a mining engineer with more than 25 years' operational and technical experience across both underground and open pit operating environments.  He brings valuable and extensive experience from the significant time he has spent on Australian and international projects ( Africa , South America , Asia and Scandinavia).  Mr. Parr has recently held the roles of Chief Operating Officer for both a leading African mining contractor (SFTP Mining) and a large Colombian gold miner ( Caldas Gold ).  Prior to that he was the Project Director for constructing Sissingue Gold Mine in Ivory Coast .  He also has mine construction experience with Ranger Uranium (Rio Tinto, Australia ), Hecla Mining (San Isidora, Venezuela ), Barrick Gold (Bulyanhulu, Tanzania ) and Porgera Joint Venture (Barrick, Nui Guini ).  Mr. Parr speaks native English, conversational French and Spanish, and beginner Arabic.  He is a member of AusIMM and qualifies as a Competent Person for evaluating mining reserves.

About Global Atomic

Global Atomic Corporation ( www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

The Company's Uranium Division includes four deposits with the flagship project being the large, high-grade Dasa Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration.  With the issuance of the Dasa Mining Permit and an Environmental Compliance Certificate by the Republic of Niger , the Dasa Project is fully permitted for commercial production.  The Phase 1 Dasa Feasibility Study filed December 2021 represents approximately 20% of the current resource and estimates 45.4 million pounds U 3 O 8 production over a 12-year period to commence by the end of 2024.  Mine excavation began in Q1 2022.

Global Atomics' Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. ("BST") Joint Venture, which operates a modern zinc production plant, located in Iskenderun, Turkey . The plant recovers zinc from Electric Arc Furnace Dust ("EAFD") to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. ("Befesa") listed on the Frankfurt exchange under 'BFSA', holds a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located throughout Europe , Asia and the United States of America .

The information in this release may contain forward-looking information under applicable securities laws.  Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Global Atomics' development potential and timetable of its operations, development and exploration assets; Global Atomics' ability to raise additional funds necessary; the future price of uranium; the estimation of mineral reserves and resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; cost of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting risks.  Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "is expected", "estimates", variations of such words and  phrases or statements that certain actions, events or results "could", "would", "might", "will be taken", "will begin", "will include", "are expected", "occur" or "be achieved".  All information contained in this news release, other than statements of current or historical fact, is forward-looking information.  Statements of forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global Atomic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Global Atomic and in its public documents filed on SEDAR from time to time.

Forward-looking statements are based on the opinions and estimates of management at the date such statements are made.  Although management of Global Atomic has attempted to identify important factors that could cause actual results to be materially different from those forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance upon forward-looking statements.  Global Atomic does not undertake to update any forward-looking statements, except in accordance with applicable securities law.  Readers should also review the risks and uncertainties sections of Global Atomics' annual and interim MD&As.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.

SOURCE Global Atomic Corporation

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Significant Uranium And Copper Mineralisation Identified At Surprise Creek ProjectDuring Field Program

Valor Resources Limited (Valor) or (the Company) (ASX:VAL) is pleased to announce the initial findings of a reconnaissance field program at the Surprise Creek Project (the Project) in northern Saskatchewan. This work has confirmed several historical uranium and copper targets and identified some new, previously unrecorded uranium and copper occurrences. A total of 36 samples were collected from the uranium and copper occurrences which have been submitted for assay. Assay results are expected in around four weeks.

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(TheNewswire)

UEX Corporation

Saskatoon, Saskatchewan TheNewswire - August 9, 2022 UEX Corporation (TSX:UEX) (OTC:UEXCF) (" UEX " or the " Company ") announces that the Board of Directors of the Company (the " Board ") has unanimously determined, after consultation with its financial and legal advisors, that the unsolicited non-binding proposal that was received by the Company from Denison Mines Corp. (" Denison ") on August 8, 2022 (the " Denison Offer ") for the acquisition of all of the issued and outstanding common shares of UEX (" UEX Shares ") in consideration for common shares of Denison (" Denison Shares ") constitutes a "Superior Proposal" under the arrangement agreement dated June 13, 2022, as amended June 23, 2022 and August 5, 2022, among UEX, Uranium Energy Corp. (" UEC ") and UEC 2022 Acquisition Corp. (the " UEC Arrangement Agreement ").

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Denison Delivers Further Acquisition Proposal to UEX

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

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UEX Corporation Announces Receipt of Acquisition Proposal and Postponement of Securityholders' Meeting

(TheNewswire)

UEX Corporation

Saskatoon, Saskatchewan TheNewswire - August 8, 2022 UEX Corporation (TSX:UEX) (OTC:UEXCF) (" UEX " or the " Company ") announces that it has received an unsolicited non-binding proposal from a company (the " Offeror ") for the acquisition of all of the issued and outstanding common shares of UEX in consideration for common shares of the Offeror by way of plan of arrangement (the " Offer ").

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