Hello Guest User, You are visiting this website from a computer with an IP address of 172.70.134.221 with the name of '?' since Tue Jan 14, 2025 at 3:05:03 PM PT for approx. 0 minutes now.
Fri Jan 3, 2025 KW Excerpt: Kaiser Watch January 3, 2025: Canalaska Uranium Ltd (CVV-V) Publisher: Kaiser Research Online Author: Copyright 2024 John A. Kaiser
(0:17:59): Why did you continue Canalaska Uranium Ltd as a 2025 Favorite?
Canalaska Uranium Ltd is a 2025 Favorite because in 2025 it will be in a position to confirm that its high grade uranium Pike Zone discovery at West McArthur has the scale of the world class McArthur Zone 2 deposit and perhaps intersect similar "string of pearls" zones within the C10 South Corridor. Canalaska was added to the 2024 Favorites in March last year after the junior intersected the Pike zone at its West McArthur project in Saskatchewan's Athabasca Basin. The Pike Zone is a high grade unconformity associated style of mineralization similar to what makes McArthur River a world class orebody. Two drill hole lines indicate a footprint similar to McArthur Zone 2 which hosts 350 million lbs at 16% U3O8. In 2023 drilling had only intersected high grade mineralization in the basement, so the Pike Zone was a major development. It is somewhat deeper than McArthur River and requires careful directional drilling. But it is in the same geological setting and there exists the potential to delineate multiple Pike zones like a string of pearls, similar to the case of McArthur River. The challenge during 2024 was to drill small stepouts to figure out the geometry of the zone so that it could be systematically delineated. This took longer than expected, but the potential to become a $20-$30 stock on confirmation that Pike is indeed a McArthur River scale system has attracted substantial financing and Canalaska starts 2025 with $20 million in working capital. Uranium prices have sagged back to the $75/lb level from over $100/lb in 2023, so while the uranium boom is no longer celebrating the price trend, but a revival of interest in carbon free power for AI data centers is currently driving interest, coupled with concern that Kazakhstan's production capacity has plateaued. Canalaska's West McArthur is a world class discovery story and the long term outlook for uranium prices is $80 per lb and higher.
Canalaska Uranium Ltd as an emerging world class uranium discovery
