Canalaska Uranium Ltd · TSXV:CVV
Canalaska Uranium — Investor Presentation (August 2023)
33 slides from Canalaska Uranium's investor presentation, Aug 25, 2023
Slide 1: Uranium & Critical Metal Exploration
CORPORATE PRESENTATION Uranium & Critical Metal Exploration TSX.V: CVV OTCQX: CVVUF FRANKFURT: DH7N Q3 2023
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: New Uranium Discovery at West McArthur
“Pike Zone” New Discovery at West New Uranium Discovery McArthur July 2022 at West McArthur 2022 Success: New High-Grade Uranium Intersections 2.4% U3O8 over 9.0 metres (assayed) Includes 3.5% U3O8 over 6.0 metres 100 metres BELOW unconformity 100% Core Recovery Additional High-Grade Intersections u
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 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 JV)
Slide 5: Corporate Structure
Corporate Structure TSX.V-CVV The Resource market is cyclical. Are you ready for the up-turn? Share Structure August 24, 2023 Share Price C$0.41 URANIUM SPOT Shares Outstanding 125.07 M $58.25 USD Fully-Diluted Shares 168.27 M Market Capitalization C$51.28 M Cash C$10.0 M Warrants at $0.52 to $1.00
Slide 6: Technical Strength: Management Team
Technical Strength TSX.V-CVV 150 Years of Athabasca Experience Management Team Cory Belyk, P. Geo., FGC Misty Urbatsch, P.Geo., MBA CHIEF EXECUTIVE OFFICER, PRESIDENT, DIRECTOR VICE-PRESIDENT, CORPORATE DEVELOPMENT Mr. Belyk is a geologist with nearly 30 years of experience Misty brings a rare blen
Slide 7: Technical and Political Strength: Board of Directors
Technical and Political Strength TSX.V-CVV 150 Years of Athabasca 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, (then leading experts i
Slide 8: 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 Key-X 2023 300,000+ hectares (740,000
Slide 9: The business scenario for uranium
The business scenario for uranium: TSX.V-CVV World-wide demand, limited supply, CO2 free energy For 25% of Clean Energy from Nuclear: Nuclear Power Generation Must Triple Globally by 2050 9
Slide 10: 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! ~300,000 homes Could be powered by a 300 MWe SMR Darlington Plant 300 MWe SMR Build May 2022: Westinghouse & SRC eVinciTM Micro Reactor for Saskatoon 5 MW micro reactor for small markets …
Slide 11: Project Portfolio
Project Portfolio TSX.V-CVV Clean Energy Metals Focus: Uranium-Copper-Nickel ATHABASCA BASIN URANIUM THOMPSON NICKEL BELT Copper 90,000+ hectares (220,000+ acres) In Manitoba for 300,000+ hectares (740,000+ acres) Nickel and Copper Close to Infrastructure 11
Slide 12: Target Scenarios
Target Scenarios TSX.V-CVV McArthur River, Cigar Lake, 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 Targets
Slide 13: CanAlaska: 2023 Planned Activities
CanAlaska: 2023 Planned Activities TSX.V-CVV News Schedule and Results: Active Programs on Discoveries DRILLING PROGRAMS $10M West McArthur Budget in 2023 Jan - Apr: West McArthur, SK Uranium Feb - Apr: Key Extension, SK Uranium Mar - Apr: Moon Lake South JV, SK Uranium Jun - Jul: Geikie, SK Uranium
Slide 14: West McArthur: New Uranium Discovery
West McArthur: New Uranium Discovery TSX.V-CVV On a productive corridor near the world’s richest uranium mine 68M lbs @7.99% U3O8 Cameco’s Cameco’s New Exploration Fox Lake Deposit McArthur River Corridors and Targets Uranium Mine “42 Zone” McArthur River is the world’s +5% U3O8 in drill holes riche
Slide 15: West McArthur
West McArthur TSX.V-CVV Pike Zone is on Fox Lake – 42 Zone High-Grade U Corridor Extension of Fox Lake - 42 Zone Uranium Corridor 15
Slide 16: West McArthur: Pike Zone versus Eagle Point Ore Heading
West McArthur TSX.V-CVV Pike Zone versus (Typical) Eagle Point Ore Heading Eagle Point 02NEXT @ 362 Level 1 metre Eagle Point Ore Vein High-Grade Interval in NEW Discovery 9.0 metres wide at 2.4% U3O8 Intersection is 6.0 metres Includes 6.0 metres wide at 3.5% U3O8 wide (yellow arrow) 16
Slide 17: West McArthur: November Announcement WMA-072-3
West McArthur TSX.V-CVV November Announcement: WMA-072-3 (25.4% U3O8) 25.4% U3O8 in Assay High-Grade Intersections are Leading us to the Unconformity and Basement Targets 17
Slide 18: West McArthur 2023: Pike Zone Open in All Directions
West McArthur 2023 TSX.V-CVV Pike Zone Open in All Directions: First Unconformity Uranium NEW SLIDE - Nathan TO MOVE OVER. WMA075: 2.2 metres wide at 0.39% U3O8 18
Slide 19: West McArthur 2023: Basement Features
West McArthur 2023 TSX.V-CVV Basement Features: High-Grade Uranium Continues ● High Grade Uranium Continues WMA079: ● 2.6 m @ 2.80% U3O8 ● Includes 0.3 m @ 20.20% U3O8 ● Two Drill Summer Program Underway ● Focused on Pike Zone Discovery ● Basement and Unconformity Targets 19
Slide 20: West McArthur 2023: Drill Program Underway
West McArthur 2023 TSX.V-CVV Drill Program Underway Two Drill Summer Program Underway ● Focused on Pike Zone Discovery ● 15 Km Long Corridor with Uranium Discoveries ● New Geophysical Survey Identifies Multiple New Unconformity Targets ● Prolific Breach 1.8 Km from Pike Zone ● 3D DCIP Resistivity Lo
Slide 21: 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% ● Third Drilling Program ● Near Denison’s Wheeler River Project ● Phoenix and Gryphon Nearby New Discovery on a Mineralized Corridor 21
Slide 22: Moon Lake South: Major Uranium Corridor Identified
Moon Lake South TSX.V-CVV Major Uranium Corridor Identified Highlights: ● MS-23-10A Assay Results: ○ 2.46% U3O8 over 8.0 metres ○ Includes: 3.71% U3O8 over 4.5 metres ● + 4 Kilometre Mineralized Corridor ● Multiple Drill Fences with Uranium ● Mineralization is Open 22
Slide 23: Moon Lake South: New High-Grade Discovery Open on Strike
Moon Lake South TSX.V-CVV New High-Grade Uranium Discovery is OPEN on Strike 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 23
Slide 24: Moon Lake South: 2023 Program Budget Doubled
Moon Lake South TSX.V-CVV 2023 Program Budget Doubled ● Supplementary Budget Approved ○ Doubled Work Program ● Summer Drill Program (September) ● 4 – 8 Drillholes (Up To 4,400 m) ● Evaluate Extensions of New Discovery ● 1,200 metre High Priority Corridor 24
Slide 25: Strategic Opportunity
Strategic Opportunity TSX.V-CVV Nearby processing plant and infrastructure Cameco Key Lake Mill Fox Lake Deposit, 42 Zone and Pike Zone Uranium Discoveries Fox Lake Pike Zone New Supply needed 42 Zone A growing target on a high-grade A Billion Dollar Asset mineralized corridor: Key Lake Mill needs a
Slide 26: New Exploration Opportunities
New Exploration Opportunities TSX.V-CVV Eastern Athabasca Focus: large targets close to infrastructure These projects are available for JV funding partners Waterbury South: 100% CanAlaska New U discovery in 2021 New Projects for Joint Venture West McArthur: Cameco JV New Projects for New U discovery
Slide 27: Geikie Project: New Targets
Geikie Project: New Targets TSX.V-CVV Successful Drill Program Completed: Significant Alteration ● Part of A$15M Option (Basin Energy) Re-Activated Faults ● CanAlaska Operator Strong Alteration ● First Pass Drilling Completed Elevated Radioactivity New Claims Added 27
Slide 28: Part II: Discovering Sulphide Nickel
Part II: Discovering Sulphide Nickel TSX.V-CVV EV’s nickel demand is substantial Nickel Spot Price Warehouse Supply (5 yr) (5 yr) Demand is showing Limited Supply Price Differential for Sulfide Nickel New Demand for EV Batteries Thompson Nickel Smelter, Manitoba 28
Slide 29: Part II: Nickel Projects on a District Scale
Part II: Nickel Projects on a District Scale TSX.V-CVV Thompson Nickel Belt, Manitoba World’s 5th Largest Nickel Belt Highlights: ● 90,000+ Hectares in Manitoba for Nickel and Copper ● Acquisition of Mel Deposit and Claims ● Nickel Spin-Out In Progress (5 Properties) ● LOI with Valterra announced Ju
Slide 30: Part II: Mel Nickel Deposit Purchase
Part II: Mel Nickel Deposit Purchase TSX.V-CVV Thompson Nickel Belt, Manitoba (March 2023) Historical NI43-101 Resource Estimate US$ 1 Billion contained nickel value Vale’s Thompson Smelter 30
Slide 31: Part II: New Nickel Deal with Valterra
Part II: New Nickel Deal with Valterra TSX.V-CVV Thompson Nickel Belt, Manitoba Highlights: ● Letter of Intent announced July 11, 2023 ● Valterra to invest up to $9M to earn 80% interest in 4 properties (Strong, Strong Extension, Wilson, and Moak North) ● Focus on Large Class 1 Nickel Deposit Discov
Slide 32: 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 Discoveries TSX.V: CVV OTCQX: CVVUF FRANKF
Slide 33: Drilling on Multiple New Discoveries
INVESTING IN CARBON - FREE ENERGY HEAD OFFICE Drilling on CanAlaska Uranium Ltd. Suite 580, 625 Howe Street Vancouver, BC V6C 2T6 Multiple New GET IN TOUCH Tel: 604.688.3211 CORPORATE COMMUNICATIONS Discoveries Carrie Howes Email: chowes@canalaska.com Tel: 306.668.6925 TSX.V: CVV OTCQX: CVVUF FRANKF
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