Canalaska Uranium Ltd · TSXV:CVV
Canalaska Uranium — Investor Presentation (December 2024)
42 slides from Canalaska Uranium's investor presentation, Dec 5, 2024
Slide 1: Pike Zone 2024: Advancing an Ultra High-Grade Uranium Discovery
CORPORATE PRESENTATION Pike Zone 2024: Advancing an Ultra High-Grade Uranium Discovery TSX.V: CVV OTCQX: CVVUF FRANKFURT: DH7 Q4 2024
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer TSX.V-CVV Forward Looking Statements Forward Looking Statements DISCLAIMER: This presentation contains forward-looking information or forward-looking statements under Canadian and U.S. securities laws. These forward-looking statements include, among others, statements with respect to CanA
Slide 3: West McArthur Expansion and New Targets
“Pike Zone” Ownership West McArthur Discovery Expands CanAlaska = 83.35% Expansion and New Targets at West McArthur Cameco = 16.65% Q1-Q3 2024 2024 West McArthur Success: Pike Zone ● Expansion of High-Grade Uranium ● Ultra High-Grades continue ● Unconformity and Upper Basement ● Open in All Directio
Slide 4: CanAlaska Advantage
CanAlaska Advantage TSX.V-CVV Providing opportunity for a Tier 1 uranium discovery Right Strategy Right Team Right Assets ● Focus on Tier 1 Uranium ● Cameco and Orano Trained ● + 500,000 ha (+ 1,235,000 ac) ● Safe and Secure Jurisdiction ● Athabasca Basin Leaders ● Partners: Cameco; Denison ● Easter
Slide 5: Corporate Structure
Corporate Structure TSX.V-CVV Well structured, Well financed, Shareprice is moving Share Structure December 4, 2024 Share Price C$0.79 Shares Outstanding 165.7 M Fully-Diluted Shares 207.20 M Market Capitalization C$130.9 M Cash C$12.0 M URANIUM SPOT $78.50 USD Warrants at $0.43, $0.52, $0.56 and $0
Slide 6: Corporate Structure: Institutional Percentage is Climbing
Corporate Structure TSX.V-CVV Institutional Percentage is Climbing Share Structure December 4, 2024 Management Share Price C$0.79 Institution Shares Outstanding 165.7 M 25% Fully-Diluted Shares 207.20 M Market Capitalization C$130.9 M Cash C$12.0 M 72% Warrants at $0.43, $0.52, $0.56 and $0.75 Manag
Slide 7: Technical Strength
Technical Strength TSX.V-CVV Decades of Athabasca Discovery Experience Management Team Cory Belyk, P. Geo., FGC Harry Chan CHIEF EXECUTIVE OFFICER, PRESIDENT, DIRECTOR CHIEF FINANCIAL OFFICER, CORPORATE SECRETARY Mr. Belyk is a geologist with over 30 years of experience Harry Chan has over 20 years
Slide 8: Technical and Political Strength
Technical and Political Strength TSX.V-CVV 150 Years of Uranium Discovery and Market Experience Board of Directors Karen Lloyd, Director and Chair of the Board Peter G. Dasler, Director Ms. Lloyd (B. Comm., M.B.A.) comes from a strong Mr. Dasler, in 2004, positioned CanAlaska Uranium, (then strateg
Slide 9: Large and small-scale nuclear power
Large and small-scale nuclear power TSX.V-CVV Small Modular power plants are being built today! Coming in 2028 to ~300,000 Darlington homes Could be powered by a 300 MWe SMR For 25% of Clean Energy from Nuclear: Nuclear Power Generation Must Triple Globally by 2050 … Even More Uranium Required 9
Slide 10: Recent News
Recent News TSX.V-CVV Positive fundamentals continue to build 10
Slide 11: Supply – Demand Gap Potentially Larger
Supply – Demand Gap Potentially Larger TSX.V-CVV First time in history Uranium Demand Out-Strips All Supply Demand outstripping Primary SMRs, Restarts and Extensions Production AND Secondary Supply NOT Factored into Demand ? Supply – Demand Gap will be significantly larger than anticipated 11 Source
Slide 12: Third Uranium Bull Market Underway
Third Uranium Bull Market Underway TSX.V-CVV Step-Change to Incentivize New Production/Discoveries Fundamentals have never been better for sustained and increasing Uranium Price Step-Change Zone URANIUM SPOT $78.50 USD Uranium Spot Price will climb again 12
Slide 13: Third Uranium Bull Market Underway: Term Contracting Prices
Third Uranium Bull Market Underway TSX.V-CVV Term Contracting Prices are Climbing; Will Incentivize Fundamentals have never been better for sustained and increasing Uranium Price URANIUM SPOT $78.50 USD Term Contracting is Back! 13 Source: UxC, 4 November 2024
Slide 14: Active Explorer & Project Generator
Active Explorer & Project Generator TSX.V-CVV Eastern Athabasca Basin Focus: Mines, Mills, Infrastructure Research / Acquire / Deal / Discover High-Grade Uranium Targets Technical Evaluation and Staking Deals Minimize: Shareholder dilution Maximize: Capital gain 500,000+ hectares (1,236,000+ acres)
Slide 15: Aggressive 2024 Plans
Aggressive 2024 Plans TSX.V-CVV Eastern Athabasca Basin Focus 2024 Work: West McArthur, Moon Lake South, and other project advancement in Eastern Athabasca Focused Exploration Region Basin Region West McArthur ($7.5M) Drilling on Pike Zone and nearby targets Moon Lake South ($0.675M CVV share) Drill
Slide 16: CanAlaska: 2024 Drill Activities
CanAlaska: 2024 Drill Activities TSX.V-CVV News Schedule and Results: Active Programs on Discoveries Splitting Ultra High-Grade Core DRILLING PROGRAMS Jan - Apr: West McArthur, SK Uranium Jan - Feb: Moon Lake South, SK Uranium Feb - Mar: Geikie, SK Uranium Jun - Sep: West McArthur, SK Uranium Sep -
Slide 17: All Target Scenarios Covered
All Target Scenarios Covered TSX.V-CVV McArthur, Cigar, Phoenix , Arrow, Eagle Point Analogues CanAlaska has unconformity and basement-hosted uranium intersections in multiple situations SHALLOW KEY EXTENSION AREA Basement Targets at DEEP Surface to 900 WEST MCARTHUR metres Very Large Unconformity T
Slide 18: West McArthur: Pike Zone Discovery
West McArthur: Pike Zone Discovery TSX.V-CVV A high-grade corridor near the world’s richest uranium mine Ownership CanAlaska = 83.35% 68M lbs @ 7.99% U3O8 Cameco = 16.65% Cameco and Orano Cameco and Orano Fox Lake Deposit McArthur River Uranium Mine “42 Zone” McArthur River is the world’s richest P2
Slide 19: Pike Zone Expansion Summer 2024
Pike Zone Expansion Summer 2024 Expanding The High-Grade: Open ● Drilling resumed 11 June 2024 ● Expansion will be a FOCUS Drilling resumed Open 11 June 2024 ● Open in all directions ● Phase 1 – close the current section ● Phase 2 – step out drilling ● Regional testing to continue 19 TSX.V: CVV OTCQ
Slide 20: Pike Zone Expansion 2024: 21.6m @ 3.44% eU3O8
Pike Zone Expansion 2024 Ultra High-Grade Uranium 21.6m @ 3.44% eU3O8 Open Including 5.4m @ 10.9% eU3O8 Expanding High-Grade: ● Unconformity Offset ● Upper Basement ‘Roots’ – Very Good ● Expansion will be a FOCUS ● Open in all directions Drilling ongoing June TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7 t
Slide 21: Pike Zone Expansion 2024: New Drill Section to East
Pike Zone Expansion 2024 Ultra High-Grade Uranium New Drill Section to East Open 16.9m @ 6.87% eU3O8 Including 9.3m @ 11.62% eU3O8 Open Expanding High-Grade: ● New Section Step-Out ● Upper Basement Extreme High-Grade ● Unconformity Not Yet Tested ● Open in all directions Drilling ongoing June TSX.V:
Slide 22: Pike Zone Expansion 2024: New Drill Section to East
Pike Zone Expansion 2024 Ultra High-Grade Uranium New Drill Section to East 16.2m @ 9.30% eU3O8 and 25.9m @ 4.77% eU3O8 Expanding High-Grade: ● New Section Step-Out ● Upper Basement Extreme High-Grade ● Unconformity Ultra High-Grade ● Open in all directions Drilling ongoing June TSX.V: CVV OTCQX: CV
Slide 23: Pike Zone Expansion 2024: 100 Metres West
Pike Zone Expansion 2024 Ultra High-Grade Uranium 100 metres West 13.2m @ 3.88% eU3O8 and 9.9m @ 3.41% eU3O8 Including 2.0m @ 23.22% eU3O8 Expanding High-Grade: ● 100 m west of original discovery ● Upper Basement High-Grade ● Unconformity Ultra High-Grade ● Open in all directions ● High potential ex
Slide 24: Pike Zone Expansion 2024: New Pearl Potential
Pike Zone Expansion 2024 Ultra High-Grade Uranium 100 metres West New ‘Pearl’ Potential Drillholes WMA094 to 094-3 2024 Success: ● New Sections ● Unconformity Ultra High-Grade ● On strike extension? ● Possible new ‘Pearl’ Completely Open 24 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 25: Ultra High-Grade Uranium in Multiple Drillholes
Pike Zone Expansion 2024 Ultra High-Grade Uranium in Multiple Drillholes Significant Expansion 25 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 26: First Geochemical Assays from Summer Program
Pike Zone Expansion 2024 First Geochemical Assays from Summer Program Announced October 10th Assay Confirmed Grades Grade Increase in Assay: ● Grade increases from eU3O8 ● Maximum Grade of 69.10% U3O8 26 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 27: Discovery Timeline
Pike Zone Discovery TSX.V-CVV 2004-2016 Early Aggressively Advanced in 2024 Days 2016-2021 ‘42 Zone’ 2022 New Data 2022 Pike Zone 2023 Growth 2024 High Grade 2024 Delineation 27
Slide 28: Aggressively Advancing Into 2025
Pike Zone Discovery TSX.V-CVV 2004-2016 Early Aggressively Advancing Into 2025 Days 2016-2021 ‘42 Zone’ Work Toward Maiden 2022 Resource New Data 2022 Pike Zone 2023 Growth 2024 High Grade Winter 2025: 2024 January – 3 Drills Delineation 2025 Delineation and Extension Maiden Resource? 28
Slide 29: Ultra High-Grade Uranium: Unconformity and Basement
Pike Zone is Expanding TSX.V-CVV Ultra High-Grade Uranium: Unconformity and Basement 29
Slide 30: McArthur River Zones: Pearls on a string
“Pearls on a string” Pike Zone Expansion 2024 McArthur River Long Section at Unconformity (Schematic) McArthur River Zones: ● McArthur River Zone 2 is a small target that contains 350M Lbs Uranium ● Series of “Pearls” on a string ● Drilling must account for small scale and gaps in the zones ● While
Slide 31: Zone 2 McArthur River – An Analogue?
Zone 2 McArthur River – An Analogue? TSX.V-CVV 80m long x 25m wide x 70m high (350m lbs uranium) High-Grade = 80 metre length Zone 2 at McArthur River is an extremely small target that contains a lot of uranium 31
Slide 32: Expanding The High-Grade
Pike Zone Expansion 2024 Expanding The High-Grade: ● McArthur River Zone 2 shown (approx.) ● Tier 1 looking, so far ● Drilling focussed on expansion of ultra high-grade uranium mineralization ● Main Goals ● Show Tier 1 Potential ● Move toward initial resource ● H2 – 2025? ● Find additional zones/pod
Slide 33: Expanding The High-Grade: 2025 Plans
Pike Zone Expansion 2024 Expanding The High-Grade: ● McArthur River Zone 2 shown (approx.) ● Second ‘Pearl’ intersected; or possible extension; open to expand rapidly ● One of the most exciting outcomes from the summer program ● 2025 Plans ● Submitted to Joint Venture ● Restart e. January 2025 ● Thr
Slide 34: West McArthur Optimization Example
West McArthur Optimization Example TSX.V-CVV Directional Drilling turns 800 metres into 300 metres Pike Zone Collar Looking Down Hole Pike Zone Collar Section Collar 1 metre Offcuts around 500m and 650m depths Collar Eagle Point Ore Vein Unconformity Directional Mud Motor 34
Slide 35: CanAlaska Advantage: Small Footprint, Cost Effective
CanAlaska Advantage TSX.V-CVV Small Environmental Footprint, Highly Cost Effective Pike Zone Drill Pads August 2024 Only junior using Directional Drilling Technology Optimized 2,500 m ($1.25M) in 2023 Significantly reduced environmental impact Can be used for regional target testing CanAlaska Geosci
Slide 36: Depth is a NON-ISSUE: Cigar Lake Freezing
Pike Zone Freeze Plant Depth is a NON-ISSUE Cigar Lake Mine Freezing: Temperature Holes with Sensors Surface Freeze Pipes ● Surface and Underground Freezing Brine Circulation ● Freezing to Depths of 480 Metres Underground Freeze ● Sandstone column is Frozen Pipes ● Underground ore is Frozen ● Freezi
Slide 37: Depth is a NON-ISSUE: BHP Jansen Potash Shafts
Pike Zone Freeze Technology Means Depth is NOT a Depth is a NON-ISSUE Limitation to Tier 1 Asset Development in the Athabasca Basin BHPs Jansen Potash Shafts: ● Completed in November 2022 ● Saskatchewan, Canada ● Freezing to Depths of 800 Metres ● Two shafts completed over 1000 m ea. ● Freezing prev
Slide 38: Strategic Opportunity: Key Lake Mill Needs Feed
Strategic Opportunity TSX.V-CVV Key Lake Mill Needs Tier 1 Feed KNOWN TODAY Cameco/Orano Key Lake Mill Cameco has a Reserve Depletion Problem Remaining Reserves Total 485M lbs U3O8 New Supply Needed A +Billion Dollar Asset 20% of Current Global U Production Gone Within 15 Key Lake Mill needs a new d
Slide 39: New Exploration Opportunities
New Exploration Opportunities TSX.V-CVV Up to $44M in Exploration PLUS Cash and Shares 2020 to 2024: (NEW staking) +20 projects acquired Cree East • $19M Option Deal Geikie, Marshall, N Millennium • A$15M Option Deal $44M in Constellation Recent Deals • $5M Option Deal Waterbury East • $5M Option De
Slide 40: CanAlaska Pipeline
CanAlaska Pipeline TSX.V-CVV Early Stage Discovery – Forward Value Proposition CanAlaska’s Pike Zone Discovery - Start of a New Valuation Trajectory $37.2B Market Cap West McArthur Moon Lake South $6.7B Cree East Market Cap Waterbury South Key Lake Area Other JV/Options Project Generation 240M pound
Slide 41: CanAlaska Ticks All the Boxes
CanAlaska Ticks All the Boxes Photo of 69.1% U3O8 from Pike Zone ❏ Project Generator Model ❏ Major Industry Partners ❏ Experienced Management ❏ World Class Targets ❏ Co-Funding ❏ Low Price ❏ High Growth Potential ❏ Sector Recovery ❏ Multiple Trigger Events ❏ Advancing A New Ultra High-Grade Discover
Slide 42: Join Us For The Discovery Journey!
Join Us For The Discovery Journey! Pike Zone: HEAD OFFICE CanAlaska Uranium Ltd. Unit 204, 75-24th Street East Saskatoon, SK S7K 0K3 Advancing an Ultra GET IN TOUCH Tel: 604.688.3211 High-Grade Uranium CORPORATE COMMUNICATIONS Carrie Howes Email: chowes@canalaska.com Discovery Tel: 306.668.6925 TSX.
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