Canalaska Uranium Ltd · TSXV:CVV
Canalaska Uranium — Investor Presentation (February 2024)
29 slides from Canalaska Uranium's investor presentation, Feb 29, 2024
Slide 1: Taking Multiple Uranium Discoveries to the Next Level
CORPORATE PRESENTATION Taking Multiple Uranium Discoveries to the Next Level TSX.V: CVV OTCQX: CVVUF FRANKFURT: DH7 Q1 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 News Release: Super High-Grade Uranium Intersection
West McArthur News Release TSX.V-CVV Super High-Grade Uranium Intersection Announced 28 February 2024 3
Slide 4: West McArthur Expansion and New Discovery at Moon Lake South
“Pike Zone” West McArthur Expansion Discovery Expands and New Discovery at Moon at West McArthur Q1-Q3 2023 Lake South 2023 Success: Pike Zone (West McArthur JV) ● Expansion of High-Grade Uranium ● Open in All Directions; New Targets ● Unconformity and Basement NEW High-Grade Zone (Moon Lake South J
Slide 5: Corporate Structure
Corporate Structure TSX.V-CVV The next Uranium Bull Market is here. Are you ready? Share Structure February 28, 2024 Share Price C$0.74 URANIUM SPOT $95.00 USD Shares Outstanding 153.62 M Fully-Diluted Shares 212.15 M Market Capitalization C$113.68 M Cash C$14.3 M Warrants at $0.43 to $0.75 Manageme
Slide 6: Technical Strength
Technical Strength TSX.V-CVV Decades of Athabasca Discovery Experience Management Team Cory Belyk, P.Geo., FGC Misty Urbatsch, P.Geo., MBA CHIEF EXECUTIVE OFFICER, PRESIDENT, DIRECTOR Former VICE PRESIDENT, CORPORATE DEVELOPMENT Moved to ADVISOR for CanAlaska Mr. Belyk is a geologist with 30 years
Slide 7: Technical and Political Strength
Technical and Political Strength TSX.V-CVV 150 Years of Uranium Discovery and Market Experience Board of Directors Ambassador Thomas Graham, Jr., Director & Peter G. Dasler, Director Chairman Ambassador Thomas Graham, Jr. is one of the world's Mr. Dasler, in 2004, positioned CanAlaska Uranium, (the
Slide 8: Large and small-scale nuclear power
Large and small-scale nuclear power TSX.V-CVV Small Modular power plants are being built today! ~300,000 Coming in 2028! homes Could be powered by a 300 MWe SMR For 25% of Clean Energy from Nuclear: Darlington Plant Nuclear Power Generation 300 MWe SMR Build Must Triple Globally by 2050 May 2022: We
Slide 9: 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 MUCH larger than anticipated 9 Sources: BMO Cap
Slide 10: 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 $95.00 USD and (Likely) Moving Higher Uranium Spot Price up over 60% YTD 10
Slide 11: 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 12: Aggressive 2024 Plans Announced
Aggressive 2024 Plans Announced TSX.V-CVV 9 January 2024 2024 Plans Announced: $12.0M Raise for… Focussed Exploration Region West McArthur, Moon Lake South, and other project advancement in Eastern Athabasca Basin Region West McArthur ($7.5M) Drilling on Pike Zone and nearby targets Moon Lake South
Slide 13: CanAlaska: 2024 Planned Drill Activities
CanAlaska: 2024 Planned Drill Activities TSX.V-CVV News Schedule and Results: Active Programs on Discoveries DRILLING PROGRAMS $7.5M West McArthur Budget in 2024 Jan - Apr: West McArthur, SK Uranium Jan - Feb: Moon Lake South, SK Uranium Feb - Mar: Geikie, SK Uranium Jun - Jul: Marshall/N Millennium
Slide 14: 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 Basement Targets at Surface to 900 DEEP metres WEST MCARTHUR Very Large Unconformity Target
Slide 15: West McArthur: Pike Zone Discovery
West McArthur: Pike Zone Discovery TSX.V-CVV A high-grade corridor near the world’s richest uranium mine New Exploration 68M lbs @7.99% U3O8 Cameco’s Corridors and Targets Cameco’s McArthur River Fox Lake Deposit Uranium Mine “42 Zone” McArthur River is the world’s richest uranium mine P2 Main Zone
Slide 16: West McArthur: Pike Zone Discovery
West McArthur: Pike Zone Discovery TSX.V-CVV It’s a matter of Geological Repetition at different SCALES millimeters centimeters meters 68M lbs @7.99% U3O8 Cameco’s Cameco’s New Exploration Fox Lake Deposit McArthur River Corridors and Targets Hoodoos Uranium Mine millimeters meters kilometers Foldin
Slide 17: West McArthur: Pike Zone Discovery
West McArthur: Pike Zone Discovery TSX.V-CVV We see Repetition at different SCALES – Working it Out Eagle Point 02NEXT @ 362 Level Eagle Point Ore Vein <1 meter 4 meters Meters… to Hundreds of Meters… to Kilometers 17
Slide 18: West McArthur: Pike Zone Discovery
West McArthur: Pike Zone Discovery TSX.V-CVV We see Repetition at different SCALES – Working it Out Eagle Point 02NEXT @ 362 Level Eagle Point Ore Vein <1 meter 4 meters Meters… to Hundreds of Meters… to Kilometers 18
Slide 19: Pike Zone Expansion 2024 Including 4.7m @ 40.30% eU3O8
Pike Zone Expansion 2024 Including 4.7m @ 40.30% eU3O8 Super High-Grade Uranium 16.8m @ 13.75% eU3O8 Drillhole WMA082-4 2024 Success: ● Open in all directions ● Closest drillhole 30 m west ● Unconformity and Basement Uranium ● Multiple zones exist deeper ● Drilling continues into April 19 TSX.V: CVV
Slide 20: Pike Zone Expansion 2024 Super High-Grade Uranium
Pike Zone Expansion 2024 Super High-Grade Uranium 16.8m @ 13.75% eU3O8 Drillhole WMA082-5 Underway Expanding High-Grade: Off-cut UNDERWAY ● Open in all directions ● Drilling continues into April ● Off-cut Expansion will be a FOCUS 20 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 21: West McArthur: Pike Zone Extensions
West McArthur: Pike Zone Extensions TSX.V-CVV Adjacent New Targets Developing - to be tested in 2024 These New Targets are Completely Untested 21
Slide 22: West McArthur Optimization Example
West McArthur Optimization Example TSX.V-CVV Directional Drilling turns 800 metres into 300 metres Collar Pike Zone Collar looking down hole Pike Zone Collar Section 1 metre CanAlaska Advantage: Offcuts around 500m depth ● Only company using Directional Drilling Technology Collar ● 4 – 6 MORE target
Slide 23: Moon Lake South Joint Venture
Moon Lake South Joint Venture TSX.V-CVV Winter 2023 Drilling: New High-Grade Uranium Discovery Highlights: ● Denison is Operator ● CanAlaska owns 25% ● Near Denison’s Wheeler River Project ● Phoenix and Gryphon Nearby New Discovery on a Mineralized Corridor 23
Slide 24: Moon Lake South
Moon Lake South TSX.V-CVV New High-Grade Uranium Discovery is OPEN 8.0 metres @ 2.46 %U3O8 ● Intense Alteration (including 4.5 metres @ 3.71 %U3O8) ● High-Grade Uranium (7.17 %U3O8) ● (Perched) Mineralization 30 Metres Above Unconformity 24
Slide 25: Geikie Project: First Drilling Results
Geikie Project: First Drilling Results TSX.V-CVV Uranium and Significant Alteration ● Part of A$15M Option (Basin Energy) Re-Activated Faults ● First Pass Drilling Completed Strong Alteration ● Uranium Mineralization (0.27%/0.5m) Elevated Radioactivity New Claims Added Uranium Mineralization up to 0
Slide 26: Strategic Opportunity
Strategic Opportunity TSX.V-CVV Key Lake Mill Needs Tier 1 Feed KNOWN TODAY Cameco Key Lake Mill Fox Lake Deposit, 42 Zone and Pike Zone Uranium Discoveries Fox Lake Pike Zone New Supply Needed 42 Zone NEW DISCOVERY on a high-grade A +Billion Dollar Asset mineralized corridor: Key Lake Mill needs a
Slide 27: New Exploration Opportunities
New Exploration Opportunities TSX.V-CVV Up to $44M in Exploration PLUS Cash and Shares Many projects are available for JV funding partners 2020 to 2024: (NEW staking) +20 projects acquired Cree East • $19M Option Deal Under LOI Geikie, Marshall, N Millennium • A$15M Option Deal $44M in Constellation
Slide 28: CanAlaska Ticks All the Boxes
CanAlaska Ticks All the Boxes ❏ Project Generator Model ❏ Major Industry Partners ❏ Experienced Management ❏ World Class Targets ❏ Co-Funding ❏ Low Price ❏ High Growth Potential ❏ Sector Recovery ❏ Multiple Trigger Events ❏ Advancing New High-Grade Discoveries TSX.V: CVV OTCQX: CVVUF FRANKFURT: DH7
Slide 29: Join Us For The Discovery Journey!
Join Us For The Discovery Journey! INVESTING IN CARBON - FREE ENERGY HEAD OFFICE Pike Zone CanAlaska Uranium Ltd. Suite 580, 625 Howe Street Vancouver, BC V6C 2T6 Drilling is GET IN TOUCH Tel: 604.688.3211 CORPORATE COMMUNICATIONS Ongoing Carrie Howes Email: chowes@canalaska.com Tel: 306.668.6925 TS
CanAlaska Uranium — Investor Presentation (February 2024) on 6ix