Canalaska Uranium Ltd · TSXV:CVV
Canalaska Uranium — Investor Presentation (October 2024)
37 slides from Canalaska Uranium's investor presentation, Oct 1, 2024
Slide 1: Pike Zone: Is it the Newest Tier 1 Uranium Discovery?
CORPORATE PRESENTATION Pike Zone: Is it the Newest Tier 1 Uranium Discovery? TSX.V: CVV OTCQX: CVVUF FRANKFURT: DH7 Q4 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 Expansion and New Targets
“Pike Zone” Ownership West McArthur Discovery Expands CanAlaska = 83.35% Expansion and New Targets at West McArthur Cameco = 16.65% 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 ●
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) ● Jurisdiction ● Athabasca Basin Leaders ● Partners: Cameco, Denison ● Eastern Athabasca Basi
Slide 5: Corporate Structure
Corporate Structure TSX.V-CVV The next Uranium Bull Market is here Share Structure October 1, 2024 Share Price C$0.69 Shares Outstanding 163.14 M Fully-Diluted Shares 207.30 M Market Capitalization C$112.57 M Cash C$11.5 M URANIUM SPOT $81.75 USD Warrants at $0.43 to $0.75 Management est. 3.0%, 7.5%
Slide 6: Corporate Structure: Institutional Holders are Climbing
Corporate Structure TSX.V-CVV Institutional Holders are Climbing Management Share Structure October 1, 2024 Institution Share Price C$0.69 25% Shares Outstanding 163.14 M Fully-Diluted Shares 207.30 M 72% Market Capitalization C$112.57 M Cash C$11.5 M Retail Warrants at $0.43 to $0.75 Management est
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 nearly 30 years of experience Harry Chan has over 20 year
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! ~300,000 Coming in 2028! 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: 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 $81.75 USD Uranium Spot Price will climb again 10 http://www.dailymetalprice.com/metalpricec
Slide 11: Third Uranium Bull Market Underway: Term Contracting
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 $81.75 USD Term Contracting is Back! 11 Source: UxC, 9 September 2024
Slide 12: Recent News
Recent News TSX.V-CVV Positive fundamentals continue to build 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 13
Slide 14: Aggressive 2024 Plans
Aggressive 2024 Plans TSX.V-CVV Eastern Athabasca Basin Focus 2024 Plans: 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) Dri
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 Jan - Apr: West McArthur, SK Uranium Jan - Feb: Moon Lake South, SK Uranium Feb - Mar: Geikie, SK Uranium Jun - Sep: West McArthur, SK Uranium Sep - Oct: Moon Lake South, SK
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 Ownership CanAlaska = 83.35% 68M lbs @ 7.99% U3O8 Cameco and Orano Cameco = 16.65% Cameco and Orano McArthur River Fox Lake Deposit Uranium Mine “42 Zone” McArthur River is the world’s richest P2
Slide 18: 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 18 TSX.V: CVV OTCQ
Slide 19: Pike Zone Expansion 2024: Ultra High-Grade Uranium
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 June TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7 t
Slide 20: Pike Zone Expansion 2024: Ultra High-Grade Uranium
Pike Zone Expansion 2024 Ultra High-Grade Uranium 21.6m @ 3.44% eU3O8 Including 5.4m @ 10.90% eU3O8 2024 Success: ● Open in all directions ● Unconformity and Basement Uranium ● Multiple zones exist ● Strong basement roots identified 20 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 21: 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 June TSX.V:
Slide 22: Pike Zone Expansion 2024: New Drill Section to East
Pike Zone Expansion 2024 Ultra High-Grade Uranium New Drill Section to East 16.9m @ 6.87% eU3O8 Including 9.3m @ 11.62% eU3O8 2024 Success: ● New Section ● Unconformity untested ● Multiple zones exist ● Strong basement vein mineralization 22 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 23: Pike Zone Expansion 2024: New Drill Section to East
Pike Zone Expansion 2024 Ultra High-Grade Uranium New Drill Section to East 16.2m @ 9.30% eU3O8 and 25.9m @ 4.77% eU3O8 Expanding High-Grade: ● New Section Step-Out ● Upper Basement Extreme High-Grade ● Unconformity Ultra High-Grade ● Open in all directions Drilling ongoing June TSX.V: CVV OTCQX: CV
Slide 24: Pike Zone Expansion 2024: New Drill Section to East
Pike Zone Expansion 2024 Ultra High-Grade Uranium New Drill Section to East 16.2m @ 9.30% eU3O8 Including 10.9m @ 13.61% eU3O8 2024 Success: ● New Section ● Unconformity Ultra High-Grade ● On strike extension 24 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 25: Pike Zone Expansion 2024: 100 Metres West
Pike Zone Expansion 2024 Ultra High-Grade Uranium 100 metres West 13.2m @ 3.88% eU3O8 and 9.9m @ 3.41% eU3O8 Including 2.0m @ 23.22% eU3O8 Expanding High-Grade: ● 100 m west of original discovery ● Upper Basement High-Grade ● Unconformity Ultra High-Grade ● Open in all directions ● High potential ex
Slide 26: Pike Zone Expansion 2024: 100 Metres West
Pike Zone Expansion 2024 Ultra High-Grade Uranium 100 metres West New ‘Pearl’ Potential Drillholes WMA094 to 094-3 2024 Success: ● New Sections ● Unconformity Ultra High-Grade ● On strike extension ● Possible new ‘Pearl’ Completely Open 26 TSX.V: CVV OTCQX: CVVUF Frankfurt: DH7
Slide 27: Pike Zone Expansion 2024: Ultra High-Grade Uranium in Multiple Drillholes
Pike Zone Expansion 2024 Ultra High-Grade Uranium in Multiple Drillholes Significant Expansion 2025 Plans: ● Plan and Budget submitted ● Expect increased budget ● Three drills planned ● Drilling to resume e. January 2025 ● Work toward initial resource 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 ultra high-grade uranium mineralization ● Main Goals ● Show Tier 1 Potential ● Move toward initial resource ● H2 – 2025 ● Find additional zones/pods
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 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 Offcuts around 500m depth Collar Eagle Point Ore Vein Unconformity Directional Mud Motor 32
Slide 33: CanAlaska Advantage: Small Environmental Footprint, Highly Cost Effective
CanAlaska Advantage TSX.V-CVV Small Environmental Footprint, Highly Cost Effective Pike Zone Drill Pads August 2024 Only junior using Directional Drilling Technology Optimized 2,500 m ($1.25M) in 2023 Significantly reduced environmental impact Can be used for regional target testing CanAlaska Geosci
Slide 34: Strategic Opportunity: Key Lake Mill Needs Tier 1 Feed
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 35: 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 36: 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 Ultra High-Grade Discovery TSX.V: CVV OTCQX: CVVUF FRANKFURT
Slide 37: 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 Is it the Newest Tier 1 CORPORATE COMMUNICATIONS Carrie Howes Email: chowes@canalaska.com Uranium Disc
CanAlaska Uranium — Investor Presentation (October 2024) on 6ix