CanAlaska advances high-grade Uranium exploration at West McArthur and Key Lake

CanAlaska CEO Cory Belyk joined Steve Darling from Proactive to discuss the company’s uranium exploration activities in Saskatchewan’s Athabasca Basin, including exceptional high-grade results at West McArthur, ongoing drilling south of Key Lake and plans for an active 2027 exploration programme. Belyk said CanAlaska is focused on discovering high-grade uranium deposits in the southeastern Athabasca Basin, particularly in areas close to established mining and processing infrastructure. The company is targeting deposits with geological characteristics comparable to major uranium operations such as Cigar Lake and McArthur River. At West McArthur, a joint venture with Cameco, CanAlaska has identified the Pike Zone Discovery, where drilling has returned uranium grades as high as 85%. Belyk described the results as exceptional and said recent drilling has focused on infilling the discovery and testing potential extensions of the high-grade mineralization. The company is also looking for additional zones that could replicate the characteristics of the existing Pipestone discovery, potentially expanding the overall mineralized system. South of Key Lake, CanAlaska has built a substantial 100%-owned land package over the past five years. Belyk said the properties contain promising geological features but have seen relatively limited historical drilling, creating an opportunity for new discoveries. Drilling is currently underway on the Key Lake-area projects as CanAlaska continues testing priority targets. At the time of the interview, drilling south of Key Lake was expected to continue for approximately another four weeks. Belyk said assay results from summer drilling at West McArthur and the Key Lake-area projects are expected over the next three months, alongside additional exploration updates. Looking further ahead, CanAlaska is preparing for another active exploration year in 2027. Belyk said the company has approximately $20 million in its treasury, providing funding to support its planned exploration activities. Belyk also discussed the broader uranium market, pointing to increasing nuclear power development and the growing requirement for new uranium resources to support future electricity generation. #proactiveinvestors #canalaskauraium #tsvv #cvv #otcqx #cvvuf #Uranium #WestMcArthur #Pipestone #KeyLake #AthabascaBasin #Saskatchewan #HighGradeUranium #UraniumExploration #NuclearEnergy #CriticalMinerals #MineralExploration #UraniumMining #Cameco #Mining #Drilling #EnergySecurity #UraniumStocks