Slide 1: Pike Zone: An Ultra High-Grade Uranium Discovery
CORPORATE PRESENTATION Pike Zone: An Ultra High-Grade Uranium Discovery TSX.V: CVV OTCQX: CVVUF FRANKFURT: DH7 Q3 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 Discovery Expands
“Pike Zone” West McArthur Discovery Expands Expansion and New Targets at West McArthur Q1-Q3 2023 2023 West McArthur Success: Pike Zone ● Expansion of High-Grade Uranium ● Unconformity and Basement ● Open in All Directions; New Targets Regional Targets ● New Geophysics – C10 South Corridor ● Resisti
Slide 4: Corporate Structure
Corporate Structure TSX.V-CVV The next Uranium Bull Market is here Share Structure August 12, 2024 Share Price C$0.60 URANIUM SPOT Shares Outstanding 155.31 M $81.50 USD Fully-Diluted Shares 200.60 M Market Capitalization C$93.19 M Cash C$8.8 M Warrants at $0.43 to $0.75 Management est. 3.0%, 7.5% f
Slide 5: Corporate Structure
Corporate Structure TSX.V-CVV The next Uranium Bull Market is here Share Structure August 12, 2024 Institutional Share Price C$0.60 20% Shares Outstanding 155.31 M Management 2.4% Fully-Diluted Shares 200.60 M Market Capitalization C$93.19 M Cash C$8.8 M Warrants at $0.43 to $0.75 Management est. 3.
Slide 6: Technical Strength: Management Team
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 nearly 30 years of experience Harry Chan has over 20 year
Slide 7: Technical and Political Strength: Board of Directors
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 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: Saskatchewan (Canada) – A Powerhouse
Saskatchewan (Canada) – A Powerhouse TSX.V-CVV Provincial and Federal Support = Global Leadership in SMRs 9 https://www.src.sk.ca/news/src-designated-primary-organization-saskatchewan-responsible-microreactor-development
Slide 10: 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 10 Sources: BMO Ca
Slide 11: 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 $81.50 USD Uranium Spot Price set to climb again? 11
Slide 12: Third Uranium Bull Market Underway
Third Uranium Bull Market Underway TSX.V-CVV Term Contracting Will Incentivize Fundamentals have never been better for sustained and increasing Uranium Price Step-Change Zone URANIUM SPOT $81.50 USD Term Contracting is Back! 12
Slide 13: 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 14: Aggressive 2024 Plans Announced
Aggressive 2024 Plans Announced TSX.V-CVV 9 January 2024 2024 Plans Announced: West McArthur, Moon Lake South, and other project advancement in Eastern Athabasca Focussed Exploration Region Basin Region West McArthur ($7.5M) Drilling on Pike Zone and nearby targets Moon Lake South ($0.675M CVV share
Slide 15: 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 Sep - Oct: Cree East, SK ? Urani
Slide 16: 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 17: 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 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: 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 19
Slide 20: Pike Zone Expansion 2024 Ultra High-Grade Uranium
Pike Zone Expansion 2024 Ultra High-Grade Uranium 14.5m @ 9.9% U3O8 Open and 9.6m @ 14.9% U3O8 Expanding High-Grade: ● Unconformity Offset ● Drilling resumes in June ● Expansion will be a FOCUS ● Open in all directions Drilling to resume in TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7 early June 2024 20
Slide 21: Pike Zone Expansion 2024: Drillhole WMA082-4
Pike Zone Expansion 2024 Ultra High-Grade Uranium 14.5m @ 9.9% U3O8 Drillhole WMA082-4 2024 Success: ● Open in all directions ● Unconformity and Basement Uranium ● Multiple zones exist deeper ● Drilling resumes in June 21 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 22: Pike Zone Expansion 2024: Drillhole WMA082-6
Pike Zone Expansion 2024 Ultra High-Grade Uranium 9.6m @ 14.9% U3O8 Drillhole WMA082-6 2024 Success: ● Open in all directions ● Unconformity and Basement Uranium ● Drilling resumes in June 22 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 23: 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 23 TSX.V: CVV OTCQ
Slide 24: 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 Drilling ongoing June TSX.V: CVV OTCQX: CVV
Slide 25: Pike Zone Expansion 2024: Drillhole WMA082-7
Pike Zone Expansion 2024 Ultra High-Grade Uranium 21.6m @ 3.44% eU3O8 Drillhole WMA082-7 2024 Success: ● Open in all directions ● Unconformity and Basement Uranium ● Multiple zones exist ● Strong basement roots identified 25 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 26: 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 Drilling
Slide 27: Pike Zone Expansion 2024: Drillhole WMA082-8
Pike Zone Expansion 2024 Ultra High-Grade Uranium New Drill Section to East 16.9m @ 6.87% eU3O8 Drillhole WMA082-8 2024 Success: ● New Section ● Unconformity untested ● Multiple zones exist ● Strong basement vein mineralization 27 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 28: 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 29: 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 29
Slide 30: Pike Zone Expansion 2024: 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 known ultra high-grade uranium ● Main Goals ● Show tier 1 potential ● Move toward initial resource ● 2025??? ● Find additional zones/pods Approximat
Slide 31: Pike Zone is Expanding
Pike Zone is Expanding TSX.V-CVV Ultra High-Grade Uranium: Unconformity and Basement 31
Slide 32: West McArthur: Pike Zone Extensions
West McArthur: Pike Zone Extensions TSX.V-CVV Adjacent New Targets Developing - to be tested in 2024 Evaluation ongoing through 2024 32
Slide 33: 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 junior company using Directional Drilling Technology ● 4 to 6 MORE targe
Slide 34: Pike Zone Depth is a NON-ISSUE
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 35: Pike Zone 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 36: Strategic Opportunity
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 37: 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 Geikie, Marshall, N Millennium • A$15M Option Deal $44M in Constellation Recent De
Slide 38: 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 A New High-Grade Discovery TSX.V: CVV OTCQX: CVVUF FRANKFURT: DH7
Slide 39: Join Us For The Discovery Journey!
Join Us For The Discovery Journey! HEAD OFFICE CanAlaska Uranium Ltd. INVESTING IN CARBON - FREE ENERGY Unit 204, 75-24th Street East Pike Zone: Saskatoon, SK S7K 0K3 GET IN TOUCH Tel: 604.688.3211 The Newest High-Grade CORPORATE COMMUNICATIONS Carrie Howes Email: chowes@canalaska.com Uranium Discov