CVD(US:CVV) TMX Newsfile·2026-01-15 12:30Core Viewpoint - CanAlaska Uranium Ltd. is set to initiate winter drill programs in 2026 for its Key Extension and Nebula projects, focusing on high-priority exploration targets identified through recent airborne geophysical surveys [1][3][15] Exploration Plans - The company plans to start drill programs in Q1 2026 on the Key Extension and Nebula uranium projects, located 15 km and 30 km south of the Key Lake Mine and Mill [3][4] - A $15 million exploration program is also underway for the West McArthur Project, with the company fully funded for its exploration activities in 2026 [1][16] Target Areas - The Key Extension project has identified three priority target areas over ten kilometers of largely untested conductive corridor, with one area located up-ice from the historically reported radioactive Orchid Lake boulder field [8] - The Nebula project has two priority target areas, featuring over 13 km of untested target conductor corridor similar to Cameco's Eagle Point Mine [8] Geophysical Surveys - The company has conducted high-resolution helicopter-borne radiometrics and magnetics surveys over most of its land portfolio to identify and prioritize basement conductors and refine areas of interest for future drilling [4][10] - Ground-based electromagnetic surveys are planned for the Waterbury South and Cree East projects to generate targets for future drilling [10][11] Joint Ventures and Collaborations - The Moon Lake South project, a joint venture with Denison Mines Corp., will undergo a geophysical exploration program in 2026 to map untested conductive corridors [13] - The West McArthur project is a joint venture with Cameco Corporation, focusing on expanding high-grade uranium mineralization [16] Company Overview - CanAlaska Uranium Ltd. is a leading uranium explorer in the Athabasca Basin, with a portfolio of approximately 500,000 hectares and a focus on both basement and unconformity uranium deposit potential [21]