CanAlaska Uranium Increases Land Position at High-Priority Enterprise Project Near Key Lake Uranium Mine

Summary

CanAlaska Uranium Ltd (TSXV: CVV; OTCQX: CVVUF; Frankfurt: DH7N) is an exploration company focused on discovering uranium deposits in Canada's Athabasca Basin. With a large portfolio of highly prospective properties covering 350,000 hectares, CanAlaska has attracted partnerships with major mining companies like Cameco and Denison to advance projects in the Eastern Athabasca Basin.

CanAlaska has expanded its Enterprise uranium project near the Key Lake uranium mine in Saskatchewan's Athabasca Basin. The project size has increased by 2,284 hectares to 14,344 hectares and now captures additional priority exploration target corridors.

The newly acquired claims are along interpreted structural corridors similar to those hosting the nearby high-grade uranium deposits at Key Lake. Airborne surveys have identified extensive northeast-southwest trending magnetic lows representing potential zones of alteration and uranium mineralization.

CanAlaska is seeking new joint venture partners to advance drilling at Enterprise. The project's close proximity to critical infrastructure like roads, power and the Key Lake uranium mill further enhances the discovery potential and economics.

CEO Cory Belyk stated "Opportunities to expand a high-quality project near the operating Key Lake uranium mill are very rare. The CanAlaska team continue to do an amazing job of assembling a dominant land position in this area of the Athabasca Basin focusing on the discovery of high-grade basement-hosted uranium deposits."

Why It Matters

• Expanded land position and priority targets significantly increase exploration potential near a past-producing uranium mine.
• Ability to utilize nearby infrastructure improves economics.
• Athabasca Basin is a premier uranium district, hosting highest grade deposits in the world.
• Uranium demand forecasted to grow with a shift towards nuclear power and small modular reactors.

With uranium demand on the rise, CanAlaska's expanded and highly prospective Enterprise project near critical mining infrastructure represents a compelling exploration opportunity. Investors may want to keep a close eye on the company's exploration results as they seek new joint venture partners.