Core Insights - CanAlaska Uranium Ltd. has announced the initiation of a drill program at the Waterbury East uranium project, which is fully funded by Bayridge Resources Corp. under an option agreement [2][4] - The drill program will focus on high-resolution airborne geophysical targets and historical drilling results, with a planned total of 2,100 meters and 4 to 6 drill holes [3][4] - The Waterbury East project is strategically located 25 kilometers northeast of the Cigar Lake Mine in the northeastern Athabasca Basin, an area known for its uranium deposits [5][8] Company Overview - CanAlaska Uranium Ltd. holds interests in approximately 500,000 hectares in Canada's Athabasca Basin, focusing on high-grade unconformity uranium deposits [8] - The company employs a hybrid project generator model, acquiring and selling prospective projects while executing exploration programs on strategic land holdings [8] - CanAlaska is advancing the Pike Zone discovery on its West McArthur Joint Venture project, attracting partnerships with major mining companies like Cameco Corporation and Denison Mines [8] Project Details - The Waterbury East project consists of one mineral claim covering 1,337 hectares, with approximately 200 meters of Athabasca sandstone cover overlying basement rocks [5][6] - Historical exploration included regional and project-scale geophysical surveys, with previous drilling indicating local uranium enrichment in faulted and altered basement rocks [6] - The recent VTEM survey has identified new targets, suggesting that previous drilling may not have adequately intersected conductive targets [4][6]

Core Insights - CanAlaska Uranium Ltd. has reported significant high-grade uranium mineralization at the Pike Zone, with notable intersections including 3.88% eU3O8 over 13.2 metres and 23.22% eU3O8 over 2.0 metres [2][4][6] - The summer drill program has confirmed a high-grade footprint extending over 100 metres at the unconformity, indicating potential for additional ultra high-grade uranium zones [2][6][8] - CanAlaska holds an 83.35% ownership in the West McArthur Joint Venture project, which is operated in partnership with Cameco Corporation [2][4] Company Developments - The summer drill program consisted of 15 unconformity tests, with 12 tests at the Pike Zone, 11 of which contained uranium mineralization [5][6] - The company has nearly $12 million in treasury, allowing for the development of the 2025 exploration program and budget [4][14] - CanAlaska is actively engaged in the budget process for the 2025 exploration program, with geochemical assay results from the summer 2024 program pending [14][27] Geological Insights - The Pike Zone's mineralization has a strike length of approximately 200 metres, remaining open in all directions, with the nearest drill hole over 1 kilometre away [6][7] - The drillholes WMA094-1, WMA094-2, and WMA094-3 have confirmed high-grade uranium mineralization associated with graphitic stratigraphy and multiple intervals of unconformity and basement-hosted uranium mineralization [8][19][20] - Additional drillholes along the geophysical target corridor to the east of the Pike Zone have shown encouraging results, indicating structural re-activation along the graphitic stratigraphy [13][22] Future Outlook - The company is focused on following up on the recent drilling results and expanding its exploration efforts in the Athabasca Basin [4][14] - CanAlaska is utilizing a hybrid project generator model, which includes both the acquisition and sale of prospective projects while executing exploration programs on strategic land holdings [27]

Core Viewpoint - CanAlaska Uranium Ltd. has acquired 3,042,123 common shares of Nexus Uranium Corp., increasing its ownership from 6.8% to approximately 15.3% of the outstanding shares, as part of a property option agreement [3]. Company Summary - CanAlaska Uranium Ltd. is a Canadian exploration company focused on high-grade uranium deposits in the Athabasca Basin, holding interests in approximately 500,000 hectares [6]. - The company is advancing the Pike Zone discovery, a new high-grade uranium find on its West McArthur Joint Venture project [6]. - CanAlaska employs a hybrid project generator model, acquiring and selling prospective projects while executing exploration programs on strategic land holdings [6]. - The company has attracted international mining partners, including Cameco Corporation and Denison Mines [6]. Acquisition Details - The acquisition of shares from Nexus Uranium Corp. was made under the Cree East property option agreement dated March 18, 2024 [3]. - Prior to the acquisition, CanAlaska owned 2,091,269 shares of NEXU, and after the acquisition, it now controls 5,133,392 shares [3]. - The shares acquired are held solely for investment purposes, with the potential for future acquisitions or disposals of NEXU shares [4].

Core Insights - CanAlaska Uranium Ltd. has reported significant high-grade uranium mineralization at the Pike Zone, with drillhole WMA082-12 intersecting 9.30% eU3O8 over 16.2 metres, including 13.61% eU3O8 over 10.9 metres [1][2] - The summer drill program aims to delineate and expand the ultra high-grade uranium discovery at the Pike Zone and is expected to achieve approximately 15 unconformity target intersections [11][12] - The West McArthur project, a joint venture with Cameco Corporation, is operated by CanAlaska, which holds an 83.35% ownership in the project [1][16] Drilling Results - Multiple drillholes have confirmed high-grade unconformity-associated uranium mineralization, with WMA082-11 intersecting 4.77% eU3O8 over 25.9 metres, including 6.30% eU3O8 over 16.3 metres [1][5] - Previous drillhole WMA082-8 reported 6.87% eU3O8 over 16.9 metres, indicating potential extensions of high-grade uranium mineralization at the Pike Zone [1][4] - The results from the summer program suggest the Pike Zone is part of a prolific uranium mineralizing corridor, which includes the high-grade Fox Lake uranium deposit [2] Geological Insights - The unconformity mineralization is repeatable along strike from the original discovery holes and remains open in all directions, including within the basement rocks below the unconformity [2][4] - Structural offsets along the C10S corridor indicate post-Athabasca Basin re-activation, which is significant for fluid movement and mineralization trapping [4][6] - The lower sandstone columns of the drillholes exhibit strong alteration and fault zones, which are associated with uranium mineralization [6][7][8] Company Overview - CanAlaska Uranium Ltd. focuses on the exploration and discovery of high-grade unconformity uranium deposits in Canada's Athabasca Basin, holding interest in approximately 500,000 hectares [16] - The company employs a hybrid project generator model, focusing on both the acquisition and sale of prospective projects while executing exploration programs on strategic land holdings [16] - CanAlaska's extensive portfolio has attracted international mining companies as active partners, enhancing its exploration capabilities [16]

Group 1 - CanAlaska Uranium Ltd. has successfully closed a fully-subscribed non-brokered private placement, issuing 7,692,307 common shares for gross proceeds of $4,999,999.55 [1] - The company paid a total of $249,999.98 in finder's fees related to the Offering [1] - All shares issued are subject to a hold period expiring on January 14, 2025, in accordance with applicable securities laws and TSX Venture Exchange policies [2] Group 2 - CanAlaska Uranium Ltd. is a Canadian exploration company with interests in approximately 500,000 hectares (1,235,000 acres) in the Athabasca Basin, focusing on high-grade unconformity uranium deposits [3] - The company is advancing the Pike Zone discovery, a new high-grade uranium discovery on its West McArthur Joint Venture project [3] - CanAlaska employs a hybrid project generator model, focusing on acquiring and selling prospective projects while executing exploration programs on strategic land holdings [3] - The company has attracted international mining companies, including Cameco Corporation and Denison Mines, as active partners [3]

Vancouver, British Columbia--(Newsfile Corp. - September 6, 2024) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" or the "Company") announces that it proposes to undertake a non-brokered private placement of up to 7,692,308 common shares (the "Shares") at a purchase price of $0.65 to raise total gross proceeds of up to $5,000,000.20 (the "Offering"). The gross proceeds received from the sale of the Shares will be used for work programs on the Company's exploration properties and ...

Core Insights - CVD Equipment Corporation reported a narrower loss per share of 11 cents in Q2 2024 compared to a loss of 16 cents in the same quarter last year [1] Revenue Details - The company registered revenues of $6.3 million in Q2 2024, reflecting a year-over-year increase of 25.2% [2] - Revenue growth was primarily driven by higher revenues from the CVD Equipment segment and an increase in the SDC segment, although this was partially offset by a decline in the CVD Materials segment [2] - Revenues from one aerospace customer accounted for 35.2% of total revenues and 54.3% of CVD Equipment segment revenues for the three months ended June 30, 2024 [3] - CVD Equipment's backlog increased to $24 million as of June 30, 2024, up from $18.4 million at the end of December 31, 2023 [3] Segment Performance - CVD Equipment segment revenues were $4.1 million, up 31% year-over-year, mainly due to increased revenues from aerospace contracts [4] - SDC segment revenues reached $2.3 million, a year-over-year increase of 28.9%, driven by higher demand for gas and chemical delivery system products [5] - CVD Materials segment revenues were only $0.1 million, down 83.9% year-over-year, primarily due to the disposition of Tantaline and the wind-down of MesoScribe's operations [5] Gross Margin and Operating Expenses - Gross profit for CVD Equipment increased by 15.9% to $1.6 million, but gross margin contracted by 202 basis points to 25.4% [6] - Total adjusted operating expenses rose by 6.8% year-over-year to $2.5 million, with selling expenses decreasing slightly, while R&D and general administrative expenses increased [7] Profitability Metrics - Adjusted operating loss was $0.89 million, an improvement from the $0.96 million loss in the same period last year [8] - The net loss for Q2 2024 was $0.8 million, compared to a net loss of $1.1 million in the year-ago quarter [8] Liquidity and Debt Management - The company ended Q2 2024 with cash and cash equivalents of $10 million, down from $11.9 million at the end of Q1 2024 [9] - Total debt decreased to $0.31 million from $0.33 million at the end of Q1 2024 [9] - Cumulative net cash used in operating activities was $2 million, an improvement from $3.3 million a year ago [9] Overall Assessment - CVD Equipment's Q2 2024 results showed encouraging top-line and bottom-line performance, with robust revenues and a higher backlog [10] - The recent shipment of a PVT 200 system is seen as a positive indicator for the company's future prospects [10] - However, the decline in revenues from the CVD Materials segment and the contraction in gross margins are noted as areas of concern [11]

Priority Geophysical Targets Identified During Winter Exploration Program Drill Program Planned to Commence in September Vancouver, British Columbia--(Newsfile Corp. - August 14, 2024) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" or the "Company") is pleased to report that the Moon Lake South Joint Venture ("MLSJV") has approved a supplemental 2024 exploration budget. The supplemental budget will be used to complete a fall drill program that will test newly identified conducti ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $6.3 million, a 25.2% increase from $5.1 million in Q2 2023, and up 28.9% compared to Q1 2024 [3][6] - Year-to-date revenue was $11.3 million, which is 18.1% lower than the prior year period [3] - Gross profit for Q2 2024 was $1.6 million with a gross profit margin of 25.4%, compared to $1.4 million and a margin of 27.4% in Q2 2023 [8] - Operating loss for Q2 2024 was $0.9 million, an improvement from a loss of $1.2 million in Q2 2023 [9] - Net loss for Q2 2024 was $761,000 or $0.11 per share, compared to a net loss of $1.1 million or $0.16 per share in Q2 2023 [9] Business Line Data and Key Metrics Changes - CVD Equipment segment revenue increased by $1 million, while SDC segment revenue rose by $0.5 million, offset by a $0.3 million decrease in CVD Materials segment revenue due to the exit of certain businesses [6][8] - SDC segment revenues were 29% higher than Q2 2023 and 20% higher than Q1 2024, driven by strong demand for gas delivery systems [8] Market Data and Key Metrics Changes - Backlog at the end of June 2024 was $24 million, significantly higher than the year-end backlog of $18.4 million [4] - Orders for Q2 2024 were $3.2 million, primarily driven by demand in the SDC segment [4] Company Strategy and Development Direction - The company aims to build critical customer relationships, achieve profitability, and manage costs and cash flow while focusing on growth and return on investment [5] - The management acknowledges disappointment in operating performance due to fluctuating order and revenue levels [5] Management Comments on Operating Environment and Future Outlook - Management highlighted the need to mitigate inflationary pressures and manage capital expenditures and operating expenses to return to profitability [10] - The company believes its cash and cash equivalents will be sufficient to meet working capital and capital expenditure requirements for the next 12 months [11] Other Important Information - The company shipped its newly launched PVT200 system, which is part of a strategic order for silicon carbide crystal boule growth [3] Q&A Session Summary - The call concluded without specific questions being recorded, indicating a focus on the presentation and management's comments rather than a detailed Q&A session [12]

Financial Performance - Total revenue for Q2 2024 was $6,345,000, an increase of 25.1% compared to $5,069,000 in Q2 2023[6] - Net loss for Q2 2024 was $761,000, compared to a net loss of $1,113,000 in Q2 2023, representing a 31.7% improvement[6] - For the six months ended June 30, 2024, the net loss was $2.233 million, compared to a net loss of $1.153 million for the same period in 2023, representing an increase in loss of approximately 93.6%[9] - The company recorded a pretax loss of $2.233 million for the six months ended June 30, 2024, compared to a loss of $1.142 million in the same period of 2023, indicating a worsening of approximately 95.5%[56][57] - Total revenue for the three months ended June 30, 2024, was $6.345 million, compared to $5.069 million for the same period in 2023, reflecting a year-over-year increase of approximately 25.1%[32] - As of June 30, 2024, the company reported total consolidated revenue of $11.267 million, a decrease from $13.764 million in the same period of 2023, representing a decline of approximately 18.2%[56][57] Expenses and Costs - Gross profit for the first half of 2024 was $2,468,000, down 35.4% from $3,821,000 in the same period of 2023[6] - Research and development expenses increased to $665,000 in Q2 2024, up 18.9% from $559,000 in Q2 2023[6] - Total operating expenses for the six months ended June 30, 2024, were $4,994,000, down from $5,241,000 in the same period of 2023, a decrease of 4.7%[6] - Stock-based compensation increased to $534,000 for the six months ended June 30, 2024, compared to $397,000 for the same period in 2023, reflecting a rise of 34.5%[9] - The company recorded depreciation and amortization expenses of $307,000 for the six months ended June 30, 2024, down from $392,000 in the same period of 2023, indicating a decrease of 21.7%[9] Assets and Liabilities - Total current assets decreased to $21,786,000 as of June 30, 2024, down from $22,841,000 at December 31, 2023[5] - Total liabilities increased to $9,341,000 as of June 30, 2024, compared to $8,822,000 at December 31, 2023[5] - Stockholders' equity decreased to $24,504,000 as of June 30, 2024, down from $26,203,000 at December 31, 2023[5] - Cash and cash equivalents decreased to $10,031,000 as of June 30, 2024, down from $14,025,000 at December 31, 2023[5] - The company had a total accumulated deficit of $4.793 million as of June 30, 2024, compared to an accumulated deficit of $467,000 as of June 30, 2023[8] Cash Flow - The company reported a net cash used in operating activities of $3.772 million for the six months ended June 30, 2024, compared to $833,000 for the same period in 2023, representing a substantial increase in cash outflow[9] - As of June 30, 2024, cash and cash equivalents totaled $10.031 million, down from $13.033 million at the end of June 2023, indicating a decrease of 22.9%[9] - Accounts receivable decreased by $3.045 million in the first half of 2024, compared to an increase of $1.592 million in the same period of 2023, indicating a significant change in cash flow dynamics[9] Revenue Recognition and Contracts - The company has unrecognized contract revenue of approximately $21.6 million at June 30, 2024, expected to be recognized within the next twelve months[35] - The company expects to recognize revenue over time for system sales, which typically take between two to eighteen months to complete, indicating a focus on long-term contracts[14] - The company expects to recognize $2.7 million of contract liabilities as revenue during the six months ended June 30, 2024[37] Segment Performance - The CVD Equipment segment generated revenue of $7.054 million for the six months ended June 30, 2024, down from $8.979 million in the same period of 2023, reflecting a decrease of about 21.4%[56][57] - The CVD Materials segment reported revenue of $114,000 for the six months ended June 30, 2024, a significant decrease from $1.009 million in the same period of 2023[56][57] Shareholder Information - The company had 6,825,338 common shares outstanding as of June 30, 2024, compared to 6,824,511 shares at December 31, 2023[5] - As of June 30, 2024, the diluted weighted average shares outstanding were 6,816,956, compared to 6,778,754 for the same period in 2023[41] Future Outlook - The company anticipates that existing cash and cash equivalents, along with future income from operations, will be adequate to meet its working capital and capital equipment requirements over the next 12 months[13] - The company plans to cease operations of its MesoScribe subsidiary by the end of 2024, with an impairment charge of $0.1 million recorded for certain equipment[59]