CanAlaska Continues to Sign Deals Amidst the Covid-19 Economic Crisis


eResearch Corp. recently published a free 31-page Research Report on CanAlaska Uranium Ltd. (TSXV:CVV; OTC:CVVUF ; DB:DH7N), highlighting the investment potential for this company.

CanAlaska is a junior mineral exploration and Project Generator company focused primarily on uranium, nickel and diamond projects in western Canada, one of the top jurisdictions for mining investment according to the Fraser Institutes’Annual Survey of Mining Companies. Currently, CanAlaska controls 132,300 hectares (326,900 acres) across 9 uranium projects in northern Saskatchewan and Manitoba. In addition, the company has 3 nickel projects in northern Manitoba and two base metal projects in British Columbia and Manitoba covering 25,000 hectares (61,800 acres). Finally, CanAlaska holds 2 diamond projects over 57,752 hectares (138,400 acres) in Saskatchewan & Alberta.

CanAlaska has always operated as both an exploration company and a Project Generator, continuing to explore for minerals, stake new claims, and seek Joint Venture partners for its project portfolio.

The Project Generator model involves the acquisition of high-quality mineral exploration properties that can be further developed through geochemistry, geophysics and/or drilling, to increase the project’s value in order to find a Joint Venture Partner or potential Buyer. Some key advantages of a Project Generator model is that it lowers corporate risk through a diversification of projects and reduces shareholder dilution as the Joint Venture partner primarily funds exploration.

Even before Elon Musk of Tesla (NASDAQ:TSLA) promised a “Giant Contract” for any mining company that could produce carbon-neutral mined nickel, CanAlaska was staking ground in the nickel belt of Manitoba. In May, Fjordland Exploration Inc. (TSXV:FEX) signed a $9 million deal with CanAlaska to earn an 80% interest in CanAlaska’s North Thompson Nickel project in Manitoba.

CanAlaska has also assembled a large portfolio of uranium properties in western Canada and has joint-venture partnerships with Cameco Corporation (TSX:CCO), Denison Mines Corp.


(TSX:DML), and Northern Uranium Corp. (TSXV:UNO.H), with six other projects looking for partners.

The current uranium Demand-Supply balance favours producers as proposed nuclear power plant construction is set to increase demand beyond current supply with a shortfall estimated by 2025. The uranium price is already up 30% this year.

Finally, CanAlaska has a portfolio of diamond targets that were only briefly explored by De Beers in 2016. CanAlaska received all property data from De Beers’ work and has commenced a geophysical review of the data, looking to narrow down exploration targets.

For more information about eResearch's free 31-page report on CanAlaska and to download the report, please visit eResearch's website.

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