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CanAlaska Uranium Ltd. reports developments tied to uranium exploration in Saskatchewan's Athabasca Basin. The company uses a project generator model and holds a portfolio of uranium properties targeting basement-hosted and unconformity-related deposits.
Recurring updates cover drilling and assay results at the West McArthur project and Pike Zone, geophysical and drill programs at projects such as Waterbury South, Nebula and Key Extension, exploration agreements with local communities, joint venture activity and board governance changes.
CanAlaska Uranium (OTCQX: CVVUF) reported results from its 2026 winter drill program on the 100%-owned Nebula uranium project in the southeastern Athabasca Basin. Eight diamond drill holes totaling 1,618 metres tested two high-priority target areas.
According to CanAlaska, drilling confirmed strongly graphitic pelite, re-activated basement fault zones and associated hydrothermal alteration along a long linear conductive corridor, supporting continued exploration for basement-hosted uranium mineralization. About 3.5 km of a previously untested 13-kilometre segment of a ~32 km conductive trend was evaluated. One hole up-ice of the Karpinka Lake radioactive boulder field intersected graphitic stratigraphy but did not identify the boulder source. Geochemical assay results are pending.
CanAlaska Uranium (OTCQX: CVVUF) announced a senior management change. Vice-President Exploration Nathan Bridge will resign following completion of the 2026 summer drill program of 20–25 planned holes.
The company will search for a new Vice-President Exploration, with Bridge assisting during the transition.
CanAlaska Uranium (OTCQX:CVVUF) reported winter 2026 drill results from its 100%-owned Key Extension uranium project in the southeastern Athabasca Basin. Five diamond drill holes totaling 1,251 metres confirmed strongly graphitic stratigraphy, re-activated basement fault zones, and associated hydrothermal clay and chlorite alteration, highlighting potential for basement-hosted uranium mineralization. Work tested targets along historical KEY-001 mineralization and up-ice of the Orchid Lake radioactive boulder field. Assay results are pending, and a helicopter-supported fall drill program, anticipated to start in September, is being planned to test additional high-priority conductive trends and areas closer to the boulder field.
CanAlaska Uranium (OTCQX: CVVUF) has begun the 2026 summer drill program at the West McArthur Joint Venture in the southeastern Athabasca Basin. The fully funded program is part of a $15 million 2026 exploration budget and targets expansion of the high-grade Pike Zone.
Using three diamond drills, CanAlaska plans 20–25 unconformity target tests along the C10S corridor to the southwest and northeast of Pike Zone. The project is a joint venture with Cameco, with CanAlaska operating and holding 88.89% ownership. The summer program is expected to run to September 2026.
CanAlaska Uranium (OTCQX: CVVUF) reported results from its 2026 winter geophysical program on the West McArthur joint venture in the eastern Athabasca Basin. A 78 km SWML-TDEM survey on the Epp Lake Corridor identified over 20 km of new, strong conductor strike length within a broad magnetic low, coincident with historical uranium and clay pathfinder anomalies.
CanAlaska, operator and 88.89% owner of the project with partner Cameco, is using these data to define new drill-ready unconformity-associated uranium targets ahead of a planned summer drill program.
CanAlaska (OTCQX: CVVUF) reported completion of its 2026 winter drill program at the Pike Zone, West McArthur project. The program ran 24 unconformity tests with 10 showing uranium mineralization and expanded the hydrothermal system to 1.3 km strike, with over 1 km mineralized and open along strike.
Results include step-outs 350 m each way, stacked graphitic conductors, pending geochemical assays, and the company says it has >$30 million treasury for a planned June summer drill program.
CanAlaska Uranium (OTCQX: CVVUF, TSXV: CVV) announced that Ambassador Thomas Graham Jr. has retired from the Board effective immediately and will retain the honorary title of Chair Emeritus.
Ambassador Graham Jr. served on the board since 2007, was Chair from 2011 to 2024, and is noted for expertise in nuclear non‑proliferation.
CanAlaska (OTCQX: CVVUF) signed an exploration agreement with Kineepik Métis Local Inc. on March 24, 2026 to formalize collaboration on uranium exploration in parts of Kineepik traditional territory in the Athabasca Basin.
The agreement emphasizes environmental monitoring, community employment, business opportunities, and shared stewardship of roughly 500,000 hectares of exploration land.
CanAlaska (OTCQX: CVVUF) reported new high-grade unconformity-associated uranium mineralization at West McArthur, including 5.2 m at 3.10% eU3O8 in hole WMA101-02 located ~250 m northeast of the Pike Zone.
The winter drill program expanded mineralization ~250 m northeast and ~50 m southwest, remains open along the C10S trend, is co-funded with Cameco, and continues through April with a summer program planned.
CanAlaska (OTCQX: CVVUF) has begun a 2026 ground-based geophysical program at its 100% owned Waterbury South project, ~10 km southeast of Cigar Lake and ~2 km from the Cigar Lake haul road.
The program uses an eight-line Stepwise Moving Loop TDEM survey (~90 km) to refine conductive corridors and generate drill targets; work is expected complete by early April 2026. Historic hole WAT009 returned polymetallic mineralization including 405 ppm U and 2.42% Ni over 0.5 m.