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Market: TSX-V:CVV
52-week High/Low: C$0.45 / C$0.26
Sector: Mining
Market Cap: C$9.78M
CanAlaska Uranium Ltd

CanAlaska Uranium Ltd

CanAlaska Uranium Ltd. Is a leading uranium exploration company in Canada’s Athabasca Basin region – the "Saudi Arabia of Uranium." With interests in approximately 500,000 hectares (1.2 million acres), CanAlaska has
one of the largest land holdings in the Athabasca region. CanAlaska’s strategic properties have attracted major mining companies Cameco, Denison, KORES and KEPCO as partners...

CanAlaska Uranium Ltd

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Big picture - Why invest in CanAlaska Uranium Ltd

CanAlaska Uranium Ltd Snapshot

CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 500,000 hectares (1.2 million acres), one of the largest land positions in Canada's Athabasca Basin region, dubbed the "Saudi Arabia of Uranium" due to the area's large, high-grade uranium resources. CanAlaska's strategic holdings have attracted major international mining companies: Cameco, Denison, KORES, and KEPCO to explore the company's projects.

CanAlaska is a "project generator" with a management and technical consulting team comprised of geologists and geophysicists with extensive experience identifying exploration targets in the Athabasca Basin for major mining companies. CanAlaska's primary focus is on advancing the West McArthur and Cree East uranium projects.



  • Located 35 kms from the Key Lake Mine, over 56,000 hectares land package
  • Objective: a large unconformity uranium deposit
  • Extensive uranium bearing systems, 9 target areas being tested.
  • Korean Consortium has contributed $19M for a 50% interest in the partnership.





  • Close to the worlds richest Uranium Mine, Cameco's McArthur River
  • Adjacent to Fox Lake, Cameco's latest discovered deposit
  • $20 million of work successfully identified 7 Target Areas; currently being evaluated
  • Objective: a large unconformity-basement uranium deposit
  • Priority Targets on grid 5 and grid 1
  • Option agreement for Cameco to spend $ 12.5 million to earn 60%.






The project lies in northwest Manitoba just east of the border of northeast Saskatchewan. It is 70 km north of Reindeer Lake and covers 143,603 hectares. The project has similar geology to areas which include the Rabbit Lake, Collins Bay and Eagle Point Uranium mines 90 kilometres to the South West.


The property is underlain by rocks of the Lower Proterozoic (Trans Hudson) age Wollaston domain. These supracrustal rocks are composed of psammites, pelites, graphitic pelites, calcsilicates and greenstones. These rocks rest on an Archean basement and are intruded by numerous small uraniferous pegmatites, and granite.


Exploration was carried out in the 1960's to early 1980's by SMDC and several other companies and included detailed geological mapping, geochemical surveys and airborne geophysics. These exploration programs located uraniferous boulder trains, many conductors, numerous lake sediment, and radiometric anomalies.

CanAlaska commenced work in 2005 and carried out extensive exploration across the project until 2007. Exploration discovered numerous uranium, base metal and rare earth (REE) occurrences in boulders and outcrops. In mid 2007 exploration was put on hold pending community consultation by the Province of Manitoba. A 43-101 geological report filed in 2011 details ten areas for immediate drill testing.

In March 2012, the company received new work permits and commenced ground geophysical surveys. This work produced strong geophysical responses along a major structural corridor with associated uranium mineralised in boulders and outcrops. This includes massive pitchblende cobbles. Sheared and clay altered outcrops have also been observed along this corridor.

An extensive radon survey on land and lakes along the Maguire structural corridor by Northern Uranium in 2013 and 2014 defined a number of anomalies, some of which correlate with the earlier defined geophysical targets. Drilling started in late winter 2014.


Numerous outlier sandstone basins, such as the Reilly basin, indicate that the Athabasca Sandstone extend eastward beyond the present Basin. The potential exists for basement hosted deposits on this project, similar to Eagle Point on the eastern edge of the Athabasca Basin or the Kiggavik group of deposits in Nunavut. During the 1970's and 80's, the basement hosted model was not well understood and the source of the uraniferous boulder trains and anomalies were not located.







Management Profiles

Ambassador Thomas Graham, Jr.
Chairman of the Board, Director

Ambassador Thomas Graham, Jr. is one of the world's leading experts in nuclear non-proliferation. Amb. Graham has served under four successive U.S. Presidents as a senior U.S. diplomat involved in the negotiation of every major international arms control and non-proliferation agreement for the past 35 years. This includes the SALT, START, ABM, INF, NPT, CFE and CTBT Treaties. Amb. Graham has served with the U.S. Arms Control and Disarmament Agency and as the Special Representative of the President of the United States for Arms Control, Non-Proliferation, and Disarmament, in which role he successfully led U.S. government efforts to achieve the permanent extension of the Nuclear Non-Proliferation Treaty.

Chairman of the Company since June 2011; Director of the Company (2007-present); appointed as a member of the International Advisory Board for the nuclear program of the United Arab Emirates in December, 2009; Chairman of the Board of Mexco Energy Corporation (July 1997-present); Executive Chairman of Lightbridge Corporation (formerly Thorium Power, Ltd.)(2006-present).

Peter G. Dasler, P.Geo.
President and CEO, Director

Recognizing the favorable upturn of the uranium cycle in early 2004, Mr. Dasler positioned CanAlaska Uranium (then CanAlaska Ventures Ltd.) to become a significant presence in the field of Canadian uranium exploration by staking mineral claims in the most favorable districts of Canada's Athabasca Basin, home to the world's largest-richest uranium mines. He has since assembled an expert geological team that has enabled CanAlaska to carry out over $50 million in exploration and advance multiple uranium projects towards discovery.

Mr. Dasler possesses a comprehensive mineral exploration and public company management background, having worked for over 20 years in Canada as an executive and consulting geologist for companies engaged in the exploration for gold, copper, platinum, nickel, molybdenum, lead and zinc. Previously, he held the position of Mine Manager and Production Manager of the 10 mil. ton per annum Taharoa Ironsand Mine in his native New Zealand.

Mr. Dasler holds Bachelor's (1974) and Master's (1981) degrees in Geology from Canterbury University, New Zealand and is Qualified and Registered as a Professional Geologist in British Columbia, and acts as a "Qualified Person" under the definition used in National Instrument 43 101.

Dr. Karl Schimann, P.Geo
Vice President, Exploration
(Member of Audit Committee and Corporate Governance Committee)

Dr. Schimann possesses extensive experience in mineral exploration, spanning a career in exploration geology of over 30 years and across three continents. He has participated in significant discoveries for uranium and base metals and has also led various exploration and mining initiatives for gold and diamonds.

Between 1977 and 1997, Dr. Schimann was employed by French uranium giant AREVA (previously COGEMA) as a Senior Geologist and Project Manager, where he was a key member of the team that undertook the discovery and development of the massive Cigar Lake uranium mine. In total, he spent twenty years with AREVA, ten of which were based in Canada's Athabasca Basin, home to the world's largest-richest uranium mines. Dr. Schimann joined CanAlaska in late-2004, returning to Canada to immerse himself in a fresh challenge towards the discovery of yet another world-class uranium mine. He directs a top-flight team of international geophysicists and geologists.

Dr. Schimann graduated from the L'Université de Montreal in Geology (1968), obtained a Doctorat de spécialité in Geology from L'Université de Nancy (1971), and was conferred his Ph.D. in Geology by the University of Alberta (1978). He is a member of the Association of Professional Engineers and Geoscientists of British Columbia. and acts as a "Qualified Person" under the definition used in National Instrument 43 101.

Jean Luc Roy
(Chair of Audit and Member of Compensation Committee)

Mr. Roy is an independent Director of the Company (2007 -- present). He has over 20 years experience in the mining industry. The majority of his experience has been in Africa for companies such as International Gold Resources, Ashanti Goldfields Inc., Senafo, and First Quantum Minerals. Mr. Roy has managed projects from exploration through to production in three different countries. As Managing Director for First Quantum Minerals, Jean Luc played a crucial role in securing extensive land positions and by successfully placing a mining operation into production in the Democratic Republic of Congo during a period of major unrest in the country. Mr. Roy is presently a resident of Burkina Faso where is COO of Ampella Mining Ltd an Australian listed company focused on gold exploration in West Africa with their flagship property Batie West.

Victor Fern
(Member of Corp. Governance, Nominating and Compensation Committees)

Independent Director of the Company (2007-present); road maintenance supervisor for Athabasca Development Corporation (2009-present); mill training foreman and a mill process operator for Cameco Corporation; past Chief of the Fond Du Lac Denesuline First Nation (/2005--2007).
Mr. Fern has lived in Fond du Lac all of his life, he is a traditional land user and still hunts and fish for food in the area. He is active in community development, and works with local committees. Mr. Fern has been involved in environmental monitoring in the Northern Athabasca area and is involved with various business interest in the Fond du Lac area.

Honorable Kathleen Kennedy Townsend

Ms. Townsend has a long history of accomplishments in the public and private sectors. She is a Director at The Rock Creek Group, a Washington, D.C. based investment advisor founded by the former treasurer of the World Bank. She was the State of Maryland's first woman Lieutenant Governor. She had responsibility for a multibillion-dollar budget and oversight of major cabinet departments. Before her 1995 election, Ms. Townsend served as Deputy Assistant Attorney General of the United States. She led the planning to put 100,000 police officers into communities and she ignited the Police Corps, a program to give college scholarships to young people who pledge to work as police officers for four years after graduating. Earlier in her career, Ms. Townsend served as the founder and director of the Maryland Student Service Alliance. Ms. Townsend is an honors graduate of Harvard University, and earned her law degree from the University of New Mexico. While there she contributed a Law Review article on the rehabilitation of uranium mine sites. She has received 12 honorary degrees. A member of the bar in Maryland, Connecticut and Massachusetts, she is also a certified broker-dealer and author.

Harry Chan

Chief Financial Officer, Corporate Secretary

Harry Chan has over 20 years of experience working in several different industries ranging from public practice, sports entertainment, wholesale distribution and telecommunications. He is a graduate of the University of British Columbia and received his Certified General Accountant designation in BC in 1996.

Share Structure March 1, 2017

Issued & Outstanding 27.3 M
Fully Diluted 31.8 M
Share Price (Cdn$) $0.46
Market Cap (Cdn$) $12.5 M
Cash (Cdn$) $2.0 M

Head Office   


CanAlaska Uranium Ltd.
Suite 1020 625 Howe Street
Vancouver, BC V6C 2T6   

Telephone: +1.604.688.3211   

Facsimile: +1.604.688.3217

Investor Relations:  

Email: [email protected]

Telephone: +1.604.688.3211  
Facsimile: +1.604.688.3217


Registrar & Transfer Agent:

CIBC Mellon Trust Company
The Oceanic Plaza
Address: 1600-1066 West Hastings Street
Vancouver, BC V6E 3X1



Deloitte & Touche LLP,
Chartered Accountants

Address: 2800 - 1055 Dunsmuir Street
Four Bentall Centre,
P.O. Box 49279
Vancouver, BC V7X 1P4


Legal Counsel:

Stikeman Elliott LLP
 Address: 5300 Commerce Court West 199 Bay Street,
Toronto Ontario M5L 1B9 Canada

CanAlaska Uranium Ltd Timeline

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