CanAlaska Strikes Major Deal on Uranium Project

CanAlaska Uranium (TSE:CVV) has released an update.

CanAlaska Uranium Ltd. has finalized an agreement allowing Nexus Uranium Corp. to earn up to a 75% stake in the Cree East Project through payments and exploration commitments totaling $19 million. The project, strategically located near the Key Lake Mine in the Athabasca Basin, promises to target high-potential uranium sites. Nexus’s staged investment includes cash, Nexus common shares, and significant exploration expenditures over several years.

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