Canalaska Uranium Ltd · TSXV:CVV
Canalaska Uranium — Investor Presentation (January 2022)
37 slides from Canalaska Uranium's investor presentation, January 2022
Slide 1: Carbon-Free Energy
IT’S ABOUT INVESTING IN Carbon - Free Energy TSX-V: CVV OTCQB: CVVUF Frankfurt: DH7N Corporate Presentation Jan 2022 TSX-V: C V V
Slide 2: Forward Looking Statements
Forward Looking Statements Also see www.canalaska.com 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 CanAlaska’s objectives, g
Slide 3: On the Cusp of Major Discoveries
Forward Looking Statements Also see www.canalaska.com “On the Cusp of Major Discoveries” New Discoveries on 3 Projects 2021 Successes: West McArthur: Cameco JV 42 Zone High-Grade Uranium Waterbury South: 100% CanAlaska New Polymetallic Uranium Discovery Moon Lake South: Denison JV Multiple Zones of
Slide 4: Corporate Structure
Corporate Structure “The Resource market is cyclical…Are you ready for the up-turn?” Share Structure Jan 11, 2022 Share Price C$0.51 Shares Outstanding 100.2 M Fully-Diluted Shares 144.1 M Market Capitalization C$51.1 M Uranium Spot price 2002-2021 Cash C$15.7 M Warrants at $0.28 $0.60, $0.70 $0.75,
Slide 5: Technical and Political Strength
Technical and Political Strength “We are here for success” – 140 Years of Athabasca Experience Ambassador Thomas Graham, Jr. has served under four Operations successive U.S. Presidents as a senior U.S. diplomat involved in the negotiation of every major international arms control and non- Peter Dasl
Slide 6: CanAlaska: Active Explorer & Project Generator
CanAlaska: “Active Explorer & Project Generator” We have Research / Acquire / Deal / Discover preserved and acquired Focused on: new assets Uranium Technical evaluation Deal making Nickel Land acquisition Further Discovery Third party funding uranium claims in the New Minimize: Shareholder dilutio
Slide 7: CanAlaska: 2021 Activities
CanAlaska: 2021 Activities News Schedule and Results: Active Programs/Discovery DRILLING PROGRAMS Jan: Quesnel, BC Copper Feb: Waterbury, SK Uranium Aug-Oct: W. McArthur, SK Uranium Sept-Oct: Moon JV, SK Uranium New discoveries announced GROUND EXPLORATION PROGRAMS July: NW Athabasca Diamonds Drilli
Slide 8: The business scenario for uranium
The business scenario for uranium: World-wide demand, limited supply, CO2 free energy • 447 Operational Power Reactors Additional Reactors: World Nuclear Association • 55 Power Reactors Under Construction 200 Ships and Submarines July 2019 Source: BMO Capital Markets, WNA UxC • 441 Power Reactors Pr
Slide 9: Large and small scale nuclear power
Large and small scale nuclear power Small Modular power plants for remote communities (SMR’s) …Even More Uranium Required 9 TSX-V: C V V
Slide 10: CanAlaska's Project Portfolio
CanAlaska’s Project Portfolio Our focus – Clean Energy Metals….. Uranium-Copper-Nickel Athabasca AthabascaBasin Uranium Basin Thompson Nickel Belt Copper 300,000+ hectares Close to Infrastructure 10 TSX-V: C V V
Slide 11: CanAlaska's Target Scenarios
CanAlaska’s Target Scenarios McArthur River, Cigar Lake, Phoenix , Arrow, Eagle Point Analogues CanAlaska has unconformity and basement hosted uranium deposits in multiple situations SHALLOW DEEP NE Wollaston West McArthur Basement Targets Very Large Unconformity at surface to 400m Targets at 700 -
Slide 12: 42 Zone Discovery - 'early days'
42 Zone Discovery - ‘early days’ Matches typical Athabasca targets - Tier 1 indications • On major structure that hosts nearby deposit • Uranium halos extending to near surface • >5% U3O8 in drill holes 42 Zone DISCOVERY 12 TSX-V: C V V
Slide 13: 42 Zone Discovery - 'early days'
42 Zone Discovery - ‘early days’ Matches typical Athabasca targets - Tier 1 indications • On major structure that hosts nearby deposit • Uranium halos extending to near surface • >5% U3O8 in drill holes 42 Zone 200M lbs Uranium DISCOVERY 13 TSX-V: C V V
Slide 14: New Athabasca Uranium Discovery
New Athabasca Uranium Discovery On a productive corridor near the world’s richest uranium mine Cameco’s 68M lbs @7.99% U3O8 McArthur River 42 Zone Cameco’s Uranium Mine Fox Lake Deposit Grid 5 discovery “42 Zone” McArthur is the world’s richest uranium mine +5% U3O8 in drill holes New Exploration Ca
Slide 15: 2021 Drilling Program: August to November
2021 Drilling Program: August to November Multiple Opportunities for Discovery • Major faulting below unconformity for at least 3 kilometres to southwest • Focus on multiple unconformity targets • Additional high-grade uranium 8% Uranium 15 TSX-V: C V V
Slide 16: 2021 Drilling Program: August to November
2021 Drilling Program: August to November High-Grade Uranium Extended at 42 Zone • High-Grade Uranium Intersected • 42 Zone Extended and Wider • Opportunity for additional discovery Assays Pending 16 TSX-V: C V V
Slide 17: 2021 Drilling Program: August to November
2021 Drilling Program: August to November Major Structure, Alteration 1.8km southwest of 42 Zone • 42 Zone Fault Extension • Multiple New Targets • 2022 Budget Doubled to $5M! Target Assays Pending 17 TSX-V: C V V
Slide 18: Strategic Opportunities
Strategic Opportunities Nearby processing plant and infrastructure Cameco’s Key Lake Mill Fox Lake deposit and 42 Zone uranium discovery New Supply Fox Lake Deposits needed New Uranium 42 GridZone 5 Zone Targets A Billion Dollar Asset A growing target on a mineralized corridor: Key Lake Mill needs a
Slide 19: Waterbury Projects
Waterbury Projects Regional Location…along major uranium corridors McClean Lake Mill Waterbury East • Along the Cigar Lake corridor • Recent discoveries by Cameco Rabbit • Brown Island Lake Mill • Thor Cigar Lake Mine Waterbury South • Along the Rabbit Lake Fault • Historical discoveries • Rabbit La
Slide 20: Waterbury South: New Discovery
Waterbury South New Polymetallic Uranium Mineralization Discovery in Winter 2021 New Target New Discovery 5 km Target Corridor 20 TSX-V: C V V
Slide 21: Waterbury South: Cigar Lake Zonation
Waterbury South Cigar Lake Uranium Deposit Zonation – “Like an Egg” We Are Here Low-Grade Uranium Nickel offset from Uranium + Nickel + Cobalt High Grade High-Grade Uranium High-Grade Nickel < 50 m from Drilling Starts January 2022 21 High-Grade Uranium TSX-V: C V V
Slide 22: Strategic Opportunities
Strategic Opportunities Nearby processing plants and infrastructure Cameco’s Rabbit Lake Mill Orano’s McClean Lake Mill New Supply needed now New Supply needed in 7 years A Billion Dollar Asset A Billion Dollar Asset Rabbit Lake Mill needs a new discovery to McClean Lake Mill needs a new discovery p
Slide 23: Moon Lake South JV: New Mineralization
Moon Lake South JV: New Mineralization Mineralized Corridor Near Denison’s Gryphon deposit Assays Pending Announced: 2 December 2021 2 New Uranium Zones Identified New JV with Denison Mines 23 TSX-V: C V V
Slide 24: New Exploration Opportunities
New Exploration Opportunities Eastern Athabasca: large targets close to infrastructure West McArthur: Cameco JV New large discovery at Grid 5 New Projects for Cree East: 100% CanAlaska Joint Venture Consolidated 100% ownership of one of the largest and most New Projects for Joint Venture prospective
Slide 25: Cree East Uranium Project
Cree East Uranium Project Targets: Zones A and B are priority for next drilling Chasing Tier-1 Discovery McArthur River Mine • $20M investment from Korean Industry. Repurchased 2017 • Zone A target: over 2km of uranium in sandstone and to depth in basement • Zone B target is also very large, with al
Slide 26: Cree East Project: Zones A and B
Cree East Project Zones A and B: Strong Indications for Large Uranium Targets Zone A Chasing Tier-1 Discovery • Zone A: 300 metre uranium halo in sandstone plus alteration to 300 metres depth • Zone B: 700 metre long conductor with extensive hydrothermal alteration and uranium to surface Zone B • Re
Slide 27: Key Extension Project: New Option
Key Extension Project: New Option Extension of the ‘Key Lake Fault’ near Cameco’s Key Lake Mill 150M lbs Uranium Produced Announced: 14 Sept 2021 Extension of controlling fault for Cameco’s nearby Key Lake Deposits 15 km from Mill Complex 15 km from Cameco’s Key Lake Mill 27 TSX-V: C V V
Slide 28: North Millennium Project: New Staking
North Millennium Project: New Staking Extensions of the ‘Mother Fault’ at Cameco’s Millennium deposit Announced: 26 August 2021 Extension of controlling fault for Cameco’s nearby Millennium uranium deposit 7 km from Millennium This project is available for JV funding partners 28 TSX-V: C V V
Slide 29: Geikie Project: New Staking
Geikie Project: New Staking Uranium showings up to 0.225% near 92 Energy / Baselode Announced: 92 Energy 14 October 2021 Baselode Uranium showings Large structures Right rocks Eastern Athabasca This project is available for JV funding partners 29 TSX-V: C V V
Slide 30: Carswell Project: New Staking
Carswell Project: New Staking Untested conductor near Shea Creek and historic Cluff Lake Mine Announced: 9 December 2021 Strong 15 km conductor untested Structural scenario distinctly similar to other Athabasca uranium districts Western Athabasca near historic mine and infrastructure This project is
Slide 31: Part II: Discovering Sulphide Nickel
Part II: Discovering Sulphide Nickel EV’s nickel demand is substantial Price is moving Warehouse Supply (5 yr) (5 yr) • Limited supply Price differential for sulphide nickel New demand for EV Batteries Demand is showing Thompson Nickel Smelter, Manitoba TSX-V: C V V
Slide 32: Part II: Nickel Projects Staked & Under Option
Part II: Nickel Projects Staked & Under Option Thompson Nickel Belt, Manitoba New Staking December • April 2021: Manibridge project under Option $4M earn-in by Metal Energy (TSXV: MERG) • New staking in 2021 (5 new projects) Vale’s Thompson Smelter These projects are available for JV funding partner
Slide 33: Nickel Projects: Further Staking
Nickel Projects: Further Staking Thompson Nickel Belt, Manitoba New Nickel Projects 900kt @ 1.2% Ni 90mt @ 0.3% Ni • 32 kms of structures • Nickel mineralization in 15.8m @ 0.55% Ni multiple zones and deposits • Advanced geophysics ongoing • Multiple opportunities for sulphide nickel discovery for c
Slide 34: Copper Projects
Copper Projects Mouse Mountain, British Columbia & North Ruttan, Manitoba CanAlaska Target • Mouse Mountain Ruttan Copper-Zinc Mine 83M tons, 3rd largest U/G VMS in Canada • Claims optioned to Omineca Minerals • First drill program just completed • Copper intersected 34 TSX-V: C V V
Slide 35: CanAlaska: 2022 Activities
CanAlaska: 2022 Activities News Schedule and Results: Active Programs/Discovery DRILLING PROGRAMS Jan-Mar: Waterbury S, SK Uranium Feb-Apr: Manibridge, MB Nickel Jun-Aug: W. McArthur, SK Uranium Sept-Oct: Key X, SK Uranium *May-Sept: Manibridge, MB Nickel * Pending Phase 1 Work - Metal Energy Earn-I
Slide 36: CanAlaska Ticks All the Boxes
CanAlaska Ticks All the Boxes WE HAVE CHECKED THE BOXES Project Generator Model Low Price Major Industry Partners High Growth Potential Experienced Management Sector Recovery World Class Targets Multiple Trigger Events Co-Funding ADVANCING NEW DISCOVERIES www.canalaska.com 36 TSX
Slide 37: TSX-V: CVV OTCQB: CVVUF Frankfurt: DH7N
TSX-V: CVV OTCQB: CVVUF Frankfurt: DH7N Corporate Presentation Jan 2022 TSX-V: C V V
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