Canalaska Uranium Ltd · TSXV:CVV
Canalaska Uranium — Investor Presentation (February 2025)
36 slides from Canalaska Uranium's investor presentation, Feb 18, 2025
Slide 1: Pike Zone 2025: Drilling an Ultra High-Grade Uranium Discovery
CORPORATE PRESENTATION Pike Zone 2025: Drilling an Ultra High-Grade Uranium Discovery TSX.V: CVV OTCQX: CVVUF FRANKFURT: DH7 Q1 2025
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 Expansion and New Targets
“Pike Zone” Ownership West McArthur Discovery Expands CanAlaska = 85.97% Expansion and New Targets at West McArthur Cameco = 14.03% Q1-Q3 2024 2024 West McArthur Success: Pike Zone ● Expansion of High-Grade Uranium ● Ultra High-Grades continue ● Unconformity and Upper Basement ● Open in All Directio
Slide 4: CanAlaska Advantage
CanAlaska Advantage TSX.V-CVV Providing opportunity for a Tier 1 uranium discovery Right Strategy Right Team Right Assets ● Focus on Tier 1 Uranium ● Cameco and Orano Trained ● + 500,000 ha (+ 1,235,000 ac) ● Safe and Secure Jurisdiction ● Athabasca Basin Leaders ● Partners: Cameco; Denison ● Easter
Slide 5: Corporate Structure
Corporate Structure TSX.V-CVV Well structured, Well financed, Shareprice is moving Share Structure February 18, 2025 Share Price C$0.81 Shares Outstanding 178.65 M Fully-Diluted Shares 222.50 M Market Capitalization C$144.71 M Cash C$23.3 M Warrants at $0.43, $0.52, $0.56 and $0.75 Management est. 3
Slide 6: Corporate Structure: Institutional Percentage is Climbing
Corporate Structure TSX.V-CVV Institutional Percentage is Climbing Share Structure February 18, 2025 Management Share Price C$0.81 Institution Shares Outstanding 178.65 M 25% Fully-Diluted Shares 222.50 M Market Capitalization C$144.71 M Cash C$23.3 M 72% Warrants at $0.43, $0.52, $0.56 and $0.75 Ma
Slide 7: 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 over 30 years of experience Harry Chan has over 20 years
Slide 8: 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 9: 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 to ~300,000 Darlington homes Could be powered by a 300 MWe SMR For 25% of Clean Energy from Nuclear: Nuclear Power Generation Must Triple Globally by 2050 … Even More Uranium Required 9
Slide 10: Recent News
Recent News (Note JV Inkai) TSX.V-CVV Positive fundamentals continue to build 10
Slide 11: 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 significantly larger than anticipated 11 Source
Slide 12: 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 $65.70 USD Uranium Spot Price will climb again 12
Slide 13: Third Uranium Bull Market Underway: Term Contracting
Third Uranium Bull Market Underway TSX.V-CVV Term Contracting Prices are Climbing; Will Incentivize Fundamentals have never been better for sustained and increasing Uranium Price URANIUM SPOT $65.70 USD Term Contracting is Back! 13 Source: UxC, 30 December 2024
Slide 14: 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 15: Aggressive 2025 Plans
Aggressive 2025 Plans TSX.V-CVV Eastern Athabasca Basin Focus 2025 Work: West McArthur, Moon Lake South, Cree East and other project advancement in Eastern Focused Exploration Region Athabasca Basin Region West McArthur ($12.5M) Drilling on Pike Zone and nearby targets Moon Lake South ($0.07M CVV sh
Slide 16: CanAlaska: 2025 Drill Activities
CanAlaska: 2025 Drill Activities TSX.V-CVV News Schedule and Results: Active Programs on Discoveries Splitting Ultra High-Grade Core DRILLING PROGRAMS Jan - Apr: West McArthur, SK Uranium Jan - Mar: Cree East, SK Uranium Jun - Sep: West McArthur, SK Uranium Jun - Aug: Cree East, SK (pending) Uranium
Slide 17: 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 18: West McArthur: Pike Zone Discovery
West McArthur: Pike Zone Discovery TSX.V-CVV A high-grade corridor near the world’s richest uranium mine Ownership CanAlaska = 85.97% 68M lbs @ 7.99% U3O8 Cameco = 14.03% Cameco and Orano Cameco and Orano Fox Lake Deposit McArthur River Uranium Mine “42 Zone” McArthur River is the world’s richest P2
Slide 19: Pike Zone Discovery
Pike Zone Discovery TSX.V-CVV 2004-2016 Early Aggressively Advancing in 2025 Days 2016-2021 ‘42 Zone’ 2022 New Data 2022 Pike Zone 2023 Growth 2024 High Grade 2025 Delineation 19
Slide 20: Pike Zone Discovery
Pike Zone Discovery TSX.V-CVV 2004-2016 Early Aggressively Advancing in 2025 Days 2016-2021 ‘42 Zone’ 2022 New Data 2022 Pike Zone 2023 Growth 2024 High Grade 2025 Delineation 2025 Maiden Resource? 20
Slide 21: Pike Zone Discovery
Pike Zone Discovery TSX.V-CVV 2004-2016 Early 5 Feb 2025 – Eastern Extension Days 2016-2021 ‘42 Zone’ 2022 New Data 2022 OPEN Pike Zone 2023 OPEN Growth 2024 High Grade 2025 Delineation 2025 Maiden Resource? 21
Slide 22: Pike Zone is Expanding
Pike Zone is Expanding TSX.V-CVV Ultra High-Grade Uranium: Unconformity and Basement 22
Slide 23: Pike Zone Expansion 2024
“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 24: 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 24
Slide 25: Pike Zone Expansion 2025: Expanding The High-Grade
Pike Zone Expansion 2025 Expanding The High-Grade: ● McArthur River Zone 2 shown (approx.) ● Tier 1 looking, so far ● Drilling will focus on expansion of ultra high-grade uranium mineralization ● Main Goals ● Show Tier 1 Potential ● Move toward initial resource ● H2 – 2025? ● Find additional zones/p
Slide 26: Pike Zone Expansion 2025: Expanding The High-Grade
Pike Zone Expansion 2025 Expanding The High-Grade: ● McArthur River Zone 2 shown (approx.) ● Second ‘Pearl’ intersected; or possible extension; open to expand rapidly ● One of the most exciting outcomes from 2024 ● 2025 Plans ● Expand this knowledge ● More Pearls? Approximate Zone 2 Footprint Scale
Slide 27: Pike Zone Expansion 2025: Expanding The High-Grade
Pike Zone Expansion 2025 Expanding The High-Grade: ● What if there is a third (or more) ‘pearl along the string’ at Pike Zone? ? Approximate Zone 2 Footprint Scale 27 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 28: Pike Zone Expansion 2025: Expanding The High-Grade
Pike Zone Expansion 2025 Expanding The High-Grade: ● Ultra High-Grade Extention East ? ● West and East Extensions ● Fill the Gap (middle) Approximate Zone 2 Footprint Scale 28 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 29: West McArthur Optimization Example
West McArthur Optimization Example TSX.V-CVV Directional Drilling turns 800 metres into 300 metres Pike Zone Collar Looking Down Hole Pike Zone Collar Section Collar 1 metre Offcuts around 500m and 650m depths Collar Eagle Point Ore Vein Unconformity Directional Mud Motor 29
Slide 30: CanAlaska Advantage: Small Environmental Footprint
CanAlaska Advantage TSX.V-CVV Small Environmental Footprint, Highly Cost Effective Pike Zone Drill Pads January 2025 Only junior using Directional Drilling Technology Optimized 7,900 m (saved $3.15M) in 2024 Significantly reduced environmental impact Can be used for regional target testing 30 CanAla
Slide 31: 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 32: New Exploration Opportunities
New Exploration Opportunities TSX.V-CVV Up to $44M in Exploration PLUS Cash and Shares 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 Deals • $5M Option Deal Waterbury East • $5M Option De
Slide 33: New Exploration Drilling at Cree East
New Exploration Drilling at Cree East TSX.V-CVV CanAlaska is Project Operator in 2025 Winter Drilling starting in February 2025 Nexus Uranium is sole-funding as part of $19M Option Earn-In Deal 33
Slide 34: CanAlaska Pipeline
CanAlaska Pipeline TSX.V-CVV Early Stage Discovery – Forward Value Proposition CanAlaska’s Pike Zone Discovery - Start of a Rapid Valuation Trajectory $30B Market Cap West McArthur Moon Lake South $5B Cree East Market Cap Waterbury South Key Lake Area Other JV/Options Project Generation 240M pounds
Slide 35: CanAlaska Ticks All the Boxes
CanAlaska Ticks All the Boxes Photo of 69.1% U3O8 from Pike Zone ❏ 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 Ultra High-Grade Discover
Slide 36: Join Us For The Discovery Journey!
Join Us For The Discovery Journey! Pike Zone: HEAD OFFICE CanAlaska Uranium Ltd. Unit 204, 75-24th Street East Saskatoon, SK S7K 0K3 Drilling an Ultra GET IN TOUCH Tel: 604.688.3211 High-Grade Uranium CORPORATE COMMUNICATIONS Carrie Howes Email: chowes@canalaska.com Discovery Tel: 306.668.6925 TSX.V
CanAlaska Uranium — Investor Presentation (February 2025) on 6ix