CanAlaska Uranium is now trading on the OTCQX platform
- US investors will have better access to quotes and trading
- New uranium discovery in the Athabasca Basin progresses
Vancouver, British Columbia–(Newsfile Corp. – July 28, 2022) – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (ESF: DH7N) (“CanAlaska” or the “Company”) is pleased to announce that its qualifications have been accepted for trading on the OTCQX® Best Marketplace. CanAlaska Uranium Ltd. switched to OTCQX from the OTCQB® venture market and now trades on OTCQX under the symbol “CVVUF”. U.S. investors can find current financial information and real-time Tier 2 quotes for the company at www.otcmarkets.com.
The OTCQX market is designed for established, investor-focused US and international businesses. To be eligible for the OTCQX, companies must meet high financial standards, follow best practices in corporate governance and demonstrate compliance with applicable securities laws. The transition to the OTCQX market from the OTCQB market marks an important step for companies, allowing them to demonstrate their qualifications and increase their visibility with American investors.
Chairman Peter Dasler said, “CanAlaska has advanced and grown its uranium, copper and nickel portfolios, and has seen increasing success with its Canadian exploration. Now is the time to expand access for U.S. investors who want to invest in exploration for metals that support the future. clean energy requirements. We are very happy to switch to the OTCQX trading platform. »
The Company is actively advancing a new uranium discovery at its West McArthur uranium project in the eastern Athabasca Basin. As part of the summer program, the Company reported a 6.3 meter long interval of elevated radioactivity in the subsoil of WMA067, 100 m below the unconformity. WMA067 is located along a newly defined exploration trend, approximately 6 kilometers along strike to the southwest of the Company’s Zone 42 mineralization. The summer drill program is part of an approved $5 million program operated by CanAlaska, which currently holds a 77.13% interest in the project.
On the Company’s Manibridge project, its partner Metal Energy (TSXV: MERG) continues work on phase two of the summer drilling program. The drilling is concentrated in the shadow of the former Manibridge nickel mine which produced 1.3 million tonnes at an average grade of 2.55% nickel and 0.27% copper from 1971 to 1977, in the Thompson Nickel Belt, Manitoba.
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About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) owns interests in approximately 300,000 hectares (750,000 acres) in Canada’s Athabasca Basin, the “Saudi Arabia of uranium”. CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison on two of the company’s properties in the eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds promising properties for nickel, copper, gold and diamonds. For more information visit www.canalaska.com.
On behalf of the Board of Directors
Peter Dasler, M.Sc.
CanAlaska Uranium Ltd.
Cory Belyk, Executive Vice President and CEO
Such. : +1.604.688.3211 extension 306
Peter Dasler, President
Such. : +1.604.688.3211 extension 138
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, its perception of historical trends, current conditions, expected future developments and other factors it deems appropriate in the circumstances. In addition, such statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that predictions, forecasts, projections and other forward-looking statements will prove to be inaccurate, some of which are beyond the control of the Company. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or to revise them to reflect the occurrence of unanticipated future events.