On September 13, 2024, CanAlaska Uranium Ltd., a Canadian exploration company, announced the successful completion of its fully-subscribed non-brokered private placement. Through this offering, the company issued 7,692,307 common shares, raising gross proceeds of $4,999,999.55. Finder’s fees totaling $249,999.98 were paid in connection with the offering, and all shares issued are subject to a hold period expiring on January 14, 2025, as per securities laws and TSX Venture Exchange policies.
CanAlaska Uranium Ltd. is actively involved in exploring and discovering high-grade unconformity uranium deposits in Canada’s Athabasca Basin. The company’s primary focus is advancing the Pike Zone discovery, a new high-grade uranium find on its West McArthur Joint Venture project in the eastern Athabasca Basin. Additionally, CanAlaska has various uranium-focused exploration programs and follows a hybrid project generator model. This model involves acquiring and selling promising projects while executing exploration programs on strategic land holdings.
The company’s portfolio has attracted partnerships with international mining companies like Cameco Corporation and Denison Mines. CanAlaska is managed by a team of experienced professionals with a successful track record of exploration and discovery. The company is headquartered in Saskatoon, Saskatchewan, Canada, with an additional office in Vancouver, BC, Canada. For more information, visit www.canalaska.com.
The news release was approved by Nathan Bridge, MSc., P. Geo., Vice-President Exploration for CanAlaska Uranium Ltd., who is the Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Cory Belyk, P.Geo., FGC, the CEO, President, and Director of CanAlaska Uranium Ltd., represents the board of directors. The TSX Venture Exchange does not accept responsibility for the accuracy of this release.
This press release contains forward-looking information, with the company making statements regarding expected activities, events, or developments in the future. These statements are based on various assumptions by the company, along with known and unknown risks and uncertainties. Readers are advised not to rely solely on forward-looking statements, as unforeseen events may impact their accuracy.
The source version of this press release can be viewed at https://www.newsfilecorp.com/release/223208.
