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 (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.
CanAlaska (OTCQX: CVVUF) has begun the 2026 winter drill program at its 100%‑owned Nebula project, located ~30 km south of the Key Lake mine and mill complex in the southeastern Athabasca Basin.
The program will use one diamond drill to complete an estimated six to eight holes, testing high‑priority targets defined by recent high‑resolution airborne geophysical surveys, including a 13 km untested conductive corridor within a >32 km trend. Historical boulder grab samples up to 0.35% U provide exploration rationale, though those results are unverified.
CanAlaska (OTCQX: CVVUF / TSXV: CVV) has started its 2026 winter diamond drill program at the 100% owned Key Extension project in the southeastern Athabasca Basin, about 15 km south of the Key Lake mine and mill complex. One drill is mobilized to test high-priority targets identified by recent airborne geophysics and historical drilling.
The program will complete an estimated 8–12 drill holes focused on graphitic conductive corridors in interpreted Wollaston-Mudjatik transition-zone rocks. Management cites prior encouraging 2023 results and uranium spot prices near US$100/lb as supportive context.
CanAlaska (OTCQX: CVVUF) reported assay results from its 2025 summer drill program at the West McArthur Project Pike Zone confirming expansion of the unconformity mineralized footprint to 500 metres and outlining a 140-metre high-grade pod. Key assays include 4.2 m at 5.04% U3O8 and step-out intercepts of 2.5 m at 0.78% U3O8 and 3.3 m at 0.53% U3O8. The company says hydrothermal alteration, structural disruption, and uranium grades increase to the west along the C10S trend. CanAlaska holds ~88.86% of the JV and a $15 million 2026 exploration program is ongoing with a winter campaign targeting 20–25 unconformity intersections.
CanAlaska (OTCQX: CVVUF) announced 2026 exploration plans across its 500,000-hectare eastern Athabasca portfolio, with winter drill programs starting in Q1 at the Key Extension and Nebula projects located 15–30 km south of Key Lake. Programs target long linear magnetic lows and conductivity highs interpreted as graphitic host rocks; Nebula includes a >13 km untested conductor corridor and Key Extension >10 km corridor. The company said it is fully funded for 2026 and confirmed a separate $15 million West McArthur program; JV stakes include 25% Moon Lake South and ~88.86% West McArthur ownership.
CanAlaska (OTCQX: CVVUF) announced an approved $15 million 2026 exploration program at the West McArthur joint venture, focused on step-outs from the Pike Zone high-grade uranium discovery and testing the C10/C10S conductive corridors.
The project is a joint venture with Cameco, with CanAlaska holding ~88.86% following sole-funding in 2025; the 2026 program will be co-funded. Key 2025 drill results include 8.6 m @ 34.59% U3O8 (including 5.5 m @ 53.90%) and 14.8 m @ 14.71% U3O8 (including 5.4 m @ 39.67%) at the unconformity. Three drill rigs will operate starting January 2026 and a ground-based EM survey is planned to follow up conductor targets.
CanAlaska (OTCQX: CVVUF) reported final results from a 2025 ground SWML-TDEM geophysical survey at the West McArthur joint-venture project, extending the C10/C10S conductive corridor to ~16 kilometres using the same design that discovered the Pike Zone.
The survey imaged multiple stacked conductors, highlighted new targets immediately southwest of Pike Zone, and refined drill targets; the program covered 193 line-km across 55 loops. CanAlaska (85.97% ownership) is sole-funding 2025 work and will increase its majority interest.
A $15 million 2026 exploration budget (a 20% increase over 2025) is approved with a winter drill program starting early January 2026 using three drill rigs.
CanAlaska (OTCQX: CVVUF) completed its 2025 summer drill program at the West McArthur joint venture, extending the Pike Zone mineralized corridor to a 500 metre strike length with step-outs 250 metres west and 100 metres east.
Key metrics: WMA094-08 returned 4.3 m @ 5.89% eU3O8; western step-outs include 2.5 m @ 0.82% eU3O8 (WMA099) and 4.1 m @ 0.49% eU3O8 (WMA099-03). The company approved a $15 million 2026 program (20% increase vs 2025) and raised the 2025 budget by 13% after positive summer results.