CanAlaska Completes $5M Private Placement Financing

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]