Drilling Focused on High-Priority Targets for Basement-Hosted UraniumTargets Only 15 Kilometers from Key Lake Mine and Mill ComplexSaskatoon, Saskatchewan--(Newsfile Corp. - February 4, 2026) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" or the "Company") is pleased to announce the start of the 2026 drill program on the Key Extension project (the "Project") in the southeastern Athabasca Basin (Figure 2). The 2026 Key Extension winter program will focus on a series of high-prio ...

Core Insights - CanAlaska Uranium Ltd. has reported positive geochemical assay results from its 2025 summer drill program at the Pike Zone, indicating an expansion of the mineralized footprint to 500 meters in length [1][2] - The results show increasing uranium mineralization towards the southwest along the C10S trend, with significant intersections reported in drillholes WMA099 and WMA099-03 [1][2] Exploration Program Details - The 2025 summer drill program included 22 unconformity tests, with 11 containing uranium mineralization, confirming the potential for additional high-grade uranium pods [2][8] - The ongoing 2026 winter drill program aims to achieve 20 to 25 unconformity target intersections along the C10S corridor, focusing on further evaluation of uranium mineralization [9] Company Operations - CanAlaska holds an estimated 88.86% ownership in the West McArthur Project, which is a joint venture with Cameco Corporation, and is fully financed for the upcoming 2026 drill season [8][15] - The company is actively participating in industry events, including the Vancouver Resource Investment Conference and the Investor Icebreaker event [10]

Core 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]

Core Insights - The Investor Icebreaker: The Michael Gentile Mining Showcase is set to take place on January 27, 2026, in Vancouver, coinciding with a bullish market for precious metals and significant investor interest [1][5][7] - This event is designed as an exclusive forum for high-net-worth individuals, family offices, and institutional investors focused on the resource sector [2][15] - The showcase features companies from Michael Gentile's personal portfolio, providing attendees with vetted investment opportunities backed by a respected investor in the mining sector [3][4][10] Event Details - The Investor Icebreaker is strategically scheduled between the Vancouver Resource Investment Conference (VRIC) and the Association for Mineral Explorations (AME) Roundup conference, enhancing its relevance during Vancouver's Mining Week [5][6] - The event will include focused 1-on-1 and 3-on-1 meetings, allowing for efficient networking among serious investors and presenting companies [12][13] - Following the main event, attendees can network in a VIP suite during an NHL game, providing a relaxed environment for relationship building [14] Market Context - Current market conditions are favorable for investments in precious metals, with metals reaching all-time highs and a strong sentiment among investors [7][34] - The event aims to capitalize on this bull market, offering a platform for strategic validation of companies presented by Michael Gentile [33][34] Attendee Profile - The event is exclusively for sophisticated investors, including high-net-worth individuals, family offices, institutional investors, and professionals from capital markets [18][15] - The application-only registration process ensures a curated environment, fostering meaningful interactions between qualified investors and presenting companies [17][15] Featured Companies - A diverse range of companies will be showcased, including Aeonian Resources, American Pacific Mining Corp., and Arianne Phosphate Inc., among others, all selected for their strong management teams and project fundamentals [9][4]

Core Insights - CanAlaska Uranium Ltd. is initiating a $15 million exploration program in 2026 to further investigate the high-grade Pike Zone at the West McArthur Joint Venture project in the Athabasca Basin [1][11] - The program will be co-funded by Cameco Corporation and CanAlaska, with a focus on expanding the known mineralization footprint and exploring additional zones of uranium mineralization [1][11] Exploration Program Details - The 2026 exploration program will utilize three drill rigs to conduct step-out drilling from the Pike Zone, targeting areas to the southwest and northeast along the C10S trend [4][10] - The 2025 exploration program successfully expanded the high-grade footprint of the Pike Zone, with significant drill results including 8.6 meters at 34.59% U3O8 and 14.8 meters at 14.71% U3O8 [2][11] - The mineralized footprint of the Pike Zone has been traced over 500 meters, with a 140-meter-long high-grade pod identified [2] Target Areas and Potential - The C10S trend remains largely untested, with approximately 9 kilometers of untested target corridor to the southwest and 6 kilometers to the northeast, indicating significant potential for additional high-grade uranium discoveries [5][6][7] - A ground-based electromagnetic survey will be conducted to investigate the extension of the Epp Lake conductor onto the West McArthur Project, utilizing a modern survey design that previously led to the discovery of the Pike Zone [8] Company Overview - CanAlaska Uranium is a prominent explorer of uranium in the Athabasca Basin, holding approximately 500,000 hectares of uranium properties with a focus on high-grade uranium expansion [12] - The company is fully financed for the upcoming 2026 drill season and aims to advance uranium deposit discovery and delineation in a secure jurisdiction [12]

Core Insights - CanAlaska Uranium Ltd. is nearing the discovery of a new high-grade uranium pod, as indicated by their summer results [1] Company Overview - CanAlaska Uranium Ltd. is listed on TSXV under the ticker CVV, OTCQX as CVVUF, and FSE as DH7 [4] - The company is actively involved in uranium exploration and is focused on high-grade deposits [1] Industry Context - The mining sector is experiencing increased interest, particularly in uranium, due to rising demand for nuclear energy and related resources [1][4] - CEO.CA serves as a platform for investors to connect and share insights about junior mining companies, enhancing engagement in the resource sector [2][5]

Core Insights - CanAlaska Uranium Ltd. has reported significant results from its 2025 geophysical survey on the West McArthur Joint Venture project, extending the C10S conductive corridor to 16 kilometers and identifying new geophysical targets [2][3][5] Exploration Results - The ground-based electromagnetic survey successfully delineated multiple conductor plates along the C10S conductive trend, enhancing drillhole targeting accuracy [5][7] - The survey results indicate a potential for additional high-grade uranium mineralization along the C10S corridor, particularly in areas that have not been extensively drilled [10][11] Project Development - CanAlaska is fully funding the 2026 exploration program with a budget of $15 million, representing a 20% increase over the previous year [11] - The 2026 drill program is set to commence in early January 2026, with three drill rigs contracted for the winter portion of the program [11] Company Overview - CanAlaska Uranium is a leading explorer in the Athabasca Basin, holding approximately 500,000 hectares of uranium properties with a focus on high-grade uranium expansion [17][18] - The company has a strong track record of discovery and is strategically positioned next to critical mine and mill infrastructure [18]

Core Viewpoint - CanAlaska Uranium Ltd. has successfully completed a brokered private placement, raising approximately $15 million through the issuance of common shares, aimed at funding exploration activities in Saskatchewan [1][4]. Group 1: Offering Details - The private placement consisted of 9,757,500 common shares, generating gross proceeds of $14,999,880 [1]. - The offering included 7,333,300 charity flow-through common shares priced at C$1.50 each and 2,424,200 charity flow-through common shares priced at C$1.65 each [1]. - The offering was led by Desjardins Capital Markets as the sole bookrunner, with a total cash commission of $899,992.80 paid to the agents involved [2]. Group 2: Use of Proceeds - The proceeds from the offering will be used for Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures [4]. - The company plans to incur qualifying expenditures related to the exploration of its West McArthur project and other projects in Saskatchewan, with all expenditures to be renounced in favor of the subscribers by December 31, 2025 [4]. Group 3: Company Overview - CanAlaska Uranium is a prominent explorer of uranium in the Athabasca Basin, owning approximately 500,000 hectares of uranium properties [6]. - The company is focused on high-grade uranium expansion at the West McArthur project, with plans for significant exploration activities in 2026 [6].

Core Insights - Vanguard Mining Corp. supports the Canadian government's announcement of over $3 billion in investments for the Darlington New Nuclear Project, marking a significant step towards Canada's first grid-scale Small Modular Reactor initiative [1][2][3] Company Overview - Vanguard Mining Corp. is a Canadian exploration company focused on uranium supply, aligning its strategy with Canada's clean energy objectives and the development of a resilient nuclear fuel supply chain [2][8] Market Dynamics - The uranium market is experiencing increased demand and investor confidence, with exploration companies in Canada's Athabasca Basin raising over US$1.2 billion in 2025 to support new discoveries [3][4][6] - The global uranium outlook is tightening, with projected demand expected to double by 2040, while the U.S. Energy Information Administration warns of a potential 184-million-pound shortfall over the next decade if new projects are not developed [4][6] Strategic Importance - The current environment of escalating demand and constrained supply presents a unique opportunity for Vanguard Mining to advance domestic uranium projects and help address the emerging supply gap [6] - The Athabasca Basin is highlighted as a critical region for Canada's uranium future, essential for meeting global clean energy goals [6]

Core Viewpoint - Mustang Energy Corp. has entered into an arrangement agreement to transfer its properties to its subsidiary, Allied Strategic Resource Corp., and spin out Allied shares to Mustang's securityholders, aiming to unlock value and focus on development [1][10]. Group 1: Arrangement Details - The arrangement involves transferring Mustang's rights to the Ford Lake, Roughrider South, and Cigar East properties to Allied, which will become a separate reporting issuer [2][6]. - Mustang will retain interests in other projects, with a strategic focus on the Yellowstone property [3]. - The Ford Lake Property consists of three claims covering 7,431 hectares and is strategically located near significant uranium deposits [4]. Group 2: Properties Overview - The Roughrider South and Cigar Lake East projects cover a total area of 3,443 hectares and are located near the Wollaston-Mudjatik transition zone, close to major uranium mines [5]. - The arrangement will include a share capital reorganization, with existing Mustang shares being renamed and exchanged for new shares and Allied shares [6][7]. Group 3: Financial Aspects - Allied plans to raise approximately $1,250,000 through securities offerings to finance exploration activities and working capital [8]. - The arrangement is expected to enhance the independent valuation of the properties, benefiting Mustang's shareholders by providing ownership in two distinct public companies [10]. Group 4: Approvals and Timeline - The arrangement requires approval from the Supreme Court of British Columbia and a special shareholder meeting scheduled for November 14, 2025 [11][12]. - Completion of the arrangement is anticipated by the end of Q4 2025, subject to necessary approvals [12].