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CanAlaska Uranium ( (TSE:CVV) ) has provided an update.
CanAlaska Uranium Ltd. has commenced a drilling program as part of its $12.5 million 2025 exploration efforts at the West McArthur Joint Venture project in the Athabasca Basin. The initiative aims to expand and delineate the high-grade Pike Zone uranium discovery, with CanAlaska operating three drills to achieve this. This project, in collaboration with Cameco Corporation, is primarily funded by CanAlaska, which increases the company’s stake in the venture, potentially enhancing its position in the uranium market.
More about CanAlaska Uranium
CanAlaska Uranium Ltd. operates in the mining industry, focusing on the exploration and development of uranium projects. Its primary market focus is on high-grade uranium discoveries, with a significant project being the West McArthur Joint Venture in the Athabasca Basin.
YTD Price Performance: 8.45%
Average Trading Volume: 346,461
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$135.7M
For an in-depth examination of CVV stock, go to TipRanks’ Stock Analysis page.
