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CanAlaska
Uranium Ltd. |
C
V V -TSX.V |
C V V U F -
OTCBB |
DH7 - Frankfurt |
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Article
from www.resourceinvestor.com |
Excerpted |
CanAlaska
Primed for a Big Uranium Discovery in Athabasca
By
Andrew K. Burger
12 May 2007 at 09:18 PM GMT-04:00
DAMMAM,
Saudi Arabia (ResourceInvestor.com)
-- With the spot price of uranium rising at exponential rates, uranium
miners are flying high following decades of depressed prices and little
new mine development or exploration activity. Shares of Denison [TSX:DML;
AMEX:DNN] and Energy Metals
Corp. [TSX:EMC; NYSE:EMU]
jumped 5% last week following rumours
that they were on the acquisition radars of Cameco [TSX:CCO;
NYSE:CCJ] and France's
Areva, two of the world's largest uranium miners.
When it comes to high quantities of high-grade and relatively easily
accessible uranium ores, Canada's Athabasca Basin is geologically unique
in the world. Encompassing an area of some 100,000 square kilometres in
northern Saskatchewan and a small portion in Alberta, the region is the
source of approximately 30% of the world's uranium.
Looking to follow the path blazed by Cameco and Dension, CanAlaska
Uranium Ltd. [TSX-V:CVV]
may be on the verge of becoming the third major uranium producer in
the region. The company on May 7 announced that it had signed a Memorandum
of Understanding (MoU) with a consortium of South Korean companies led by
the Hanwha Corp. to negotiate investment terms for the exploration of
CanAlaska's Cree East Project. |
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Canalaska Uranium Ltd
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EXPLORATION STAGE |
CODE : CVV.V |
ISIN : CA13708P2017 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canalaska Uranium is a uranium exploration company based in Canada. Canalaska Uranium holds various exploration projects in Australia and in Canada. Its main exploration properties are GLITTER LAKE, WATERBURY, VBE 1 CLAIMS, HODGSON, KASMERE, MCTAVISH, MISTY, VBE 2 CLAIMS, NE WOLLASTON, ARNOLD PROJECT, CAMSELL, CARSWELL PROJECT, CREE WEST, BLACK LAKE PROJECT, POPLAR PROJECT, GREASE RIVER, COLLINS BAY EXTENSION, HELMER, KEY LAKE, LAKE ATHABASCA, ALBERTA, CREE EAST PROJECT, MOON, WEST MCARTHUR, FOND DU LAC, ATIKOKAN AREA, CENTRAL ZEBALLOS MINE and LAC ROCHER in Canada and RISE AND SHINE in New Zealand. Canalaska Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 16.7 millions as of today (US$ 12.1 millions, € 11.4 millions). Its stock quote reached its highest recent level on January 05, 2007 at CA$ 9.70, and its lowest recent point on October 17, 2014 at CA$ 0.08. Canalaska Uranium has 27 340 000 shares outstanding. |