Canalaska Uranium Ltd · TSXV:CVV

Canalaska Uranium — Investor Presentation (August 2021)

29 slides from Canalaska Uranium's investor presentation, Aug 16, 2021

  1. Slide 1: Carbon-Free Energy

    IT’S ABOUT INVESTING IN Carbon - Free Energy TSX-V: CVV OTCQB: CVVUF Frankfurt: DH7N Corporate Presentation August 2021 TSX-V: C V V

  2. 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

  3. Slide 3: Corporate Structure

    Corporate Structure “The Resource market is cyclical…Are you ready for the up-turn?” Share Structure Aug 16, 2021 Share Price C$0.44 Shares Outstanding 81.8 M Fully-Diluted Shares 119.0 M Market Capitalization C$36.0M Uranium Spot price 2001-2021 Cash C$ 7.1M Warrants at $0.28 $0.60, $0.70 $0.75 Can

  4. Slide 4: CanAlaska: Active Explorer & Project Generator

    CanAlaska: “Active Explorer & Project Generator” We have Research / Acquire / Deal / Discover preserved and acquired Focused on: New Claims new assets Uranium Technical evaluation Deal making Nickel Land acquisition  Further Discovery Third party funding uranium claims in the New Minimize: Sharehol

  5. Slide 5: 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 *Oct-Dec: Manibridge, MB Nickel * Pending RTO by D Block Discoveries GROUND EXPLORATION

  6. Slide 6: 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

  7. Slide 7: Large and small scale nuclear power

    Large and small scale nuclear power Small Modular power plants for remote communities (SMR’s) Nuclear is the answer 7 TSX-V: C V V

  8. Slide 8: CanAlaska's Project Portfolio

    CanAlaska’s Project Portfolio Our focus – Clean Energy Metals….. Uranium-Copper-Nickel Athabasca AthabascaBasin Uranium Basin Thompson Nickel Belt Copper 75 214,000 hectares 8 TSX-V: C V V

  9. Slide 9: 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 -

  10. Slide 10: 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

  11. Slide 11: 2021 Drilling Program: August to October

    2021 Drilling Program: August to October Multiple Opportunities for Discovery • Major faulting below unconformity for at least 3 kilometres to southwest • Focus on multiple unconformity targets 11 TSX-V: C V V

  12. 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

  13. Slide 13: Strategic Opportunities

    Strategic Opportunities Nearby processing plant and infrastructure Cameco’s Key Lake Mill Fox Lake deposit and 42 Zone uranium discovery Fox Lake New Supply Deposits needed 42 GridZone 5 Zone A Billion Dollar Asset A growing target on a mineralized corridor: Key Lake Mill needs a new discovery to pr

  14. Slide 14: New Exploration Opportunities

    New Exploration Opportunities Eastern Athabasca: large targets close to infrastructure West McArthur: Cameco JV New Projects New large discovery at Grid 5. for Joint Venture Cree East: 100% CanAlaska Consolidated 100% ownership Waterbury Project of one of the largest and most Available for Funding p

  15. Slide 15: 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

  16. Slide 16: Waterbury South

    Waterbury South Indications of a Hydrothermal System with Uranium Waterbury South Claim • Untested conductor swarm with associated uranium, alteration and geophysical anomalies 16 TSX-V: C V V

  17. Slide 17: Waterbury South: New Discovery

    Waterbury South New Polymetallic Mineralization Discovery in Winter 2021 New Discovery 5 km Target Corridor 17 TSX-V: C V V

  18. Slide 18: Waterbury East

    Waterbury East Resistivity anomaly same as Q11A mineralization Waterbury East Claim • East-West conductor flexure where coincident with resistivity anomaly is untested • Modern Geophysics: AIIP anomaly same as Q11A area • Conductor not tested • Drill targets shown in yellow stars 18 TSX-V: C V V

  19. Slide 19: 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

  20. Slide 20: Cree East Project

    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

  21. Slide 21: NE Wollaston Projects: New Staking

    NE Wollaston Projects: New Staking Watson, Warren, Burrill, Kingston, Maguire South • Maguire Fault and the prolific Collins Bay Fault, crosscut these new properties • Uranium in lake sediment, boulder and outcrop • EM “Brightspots” & Gravity targets to prospect in 2021 Shallow Depth 21 TSX-V: C V V

  22. Slide 22: NE Wollaston Projects: Targeting

    NE Wollaston Projects: Targeting Geophysics: Eagle Point and Arrow deposit examples Example of “EM Brightspot” Example of “Gravity Low” 100 M lbs Uranium 300M lbs Uranium 22 TSX-V: C V V

  23. Slide 23: NE Wollaston Projects

    NE Wollaston Projects Watson Project – Uranium, EM and Gravity Anomalies New Projects Targeting Shallow High-Priority 1.41% U3O8 in Rock Basement-Hosted Target Areas Uranium 42,000 hectares 23 TSX-V: C V V

  24. Slide 24: Part II: Discovering Sulphide Nickel

    Part II: Discovering Sulphide Nickel EV’s nickel demand is substantial Warehouse Supply (5 yr) Price is moving (6mth) • Limited supply Price differential for sulphide nickel New demand for EV Batteries Demand is showing Thompson Nickel Smelter, Manitoba TSX-V: C V V

  25. Slide 25: Part II: Nickel Projects Staked & Under Option

    Part II: Nickel Projects Staked & Under Option Thompson Nickel Belt, Manitoba • April 2021: Manibridge project under Option: $4M earn-in by “D Block” NewCo • New staking in 2021 Vale’s Thompson Smelter World’s Fifth Largest Nickel Belt 25 TSX-V: C V V

  26. Slide 26: 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

  27. Slide 27: 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 27 TSX-V: C V V

  28. Slide 28: Technical and Political Strength

    Technical and Political Strength “We are here for success” 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 Dasler, M.Sc., P.Geo. proliferation agre

  29. Slide 29: 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 29 TSX

CanAlaska Uranium — Investor Presentation (August 2021) on 6ix