CanAlaska Appoints New Vice President Exploration Nathan Bridge appointed VP to work with Dr. Karl Schimann Saskatchewan Technical Team Expands with senior geologists Carey Galeschuk and Greg Gudmundson Appointments Support Renewed Investment Interest in Carbon-Free Energy Metals
CanAlaska Appoints New Vice President
Exploration
Nathan Bridge appointed VP to work with Dr. Karl Schimann
Saskatchewan Technical Team Expands with senior geologists Carey Galeschuk and Greg
Gudmundson
Appointments Support Renewed Investment Interest in Carbon-Free Energy Metals
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2021) -
CanAlaska Uranium Ltd. (TSXV:
CVV) (
OTCQB:
CVVUF) (FSE
:
DH7N
)
("CanAlaska" or the "Company") is pleased to announce the
appointment of Mr. Nathan Bridge to Vice President of Exploration of the Company effective July 12,
2021. Dr. Karl Schimann will continue as Senior Exploration Consultant to CanAlaska, working closely
with Nathan in transition to execute on the Company's exploration plans. The Company's activities are
accelerating rapidly in a renewed investment environment for carbon-free energy metals, the core of
CanAlaska's portfolio.
Mr. Nathan Bridge
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Mr. Nathan Bridge has over a decade of experience managing exploration, delineation, and
geotechnical drilling programs at Cameco Corporation. He was senior Geologist on Cameco's Fox
Lake discovery team that took the deposit from exploration stage, through discovery, and into resource
definition. Nathan has spent the majority of his career exploring for uranium and in 2017 he led the
exploration program that discovered the 42 Zone on the Company's West McArthur project. Apart from
his extensive experience on uranium mineralization zones along the "C10" corridor, Nathan has
managed and worked on delineation and geotechnical programs on Cameco's Cigar Lake, Eagle Point
and Millennium deposits. Nathan brings his very strong technical background to the CanAlaska team,
focussing on exploration that is guided by geoscientific rigour and an understanding of the key criteria for
the formation and preservation of high-quality ore deposits. Mr. Bridge is a licensed Professional
Geoscientist and holds both B.Sc. and M.Sc. degrees in Geology, from the University of Western
Ontario.
Nathan Bridge, Vice President Exploration, comments: "I am very excited to be joining the CanAlaska
team. Having spent over eight years of my career working on the C10 corridor I've developed a deep
understanding of the geology that hosts the Company's 42 Zone discovery. I have seen the magnitude
and intensity of the alteration, structure, and mineralization along the C10 and have first-hand knowledge
of its ability to host tier one uranium deposits. I look forward to advancing the Company's extensive
portfolio of projects that cover the highly prospective Wollaston-Mudjatik Transition Zone in the eastern
Athabasca Basin. On top of the uranium projects, I'm thrilled about the nickel portfolio that the Company
has assembled and I am excited to work with the team to make discoveries of this increasingly important
battery metal in a globally established mineral belt. We have assembled a top-notch team with a deep
understanding of uranium and nickel deposits that will allow us to be successful in moving CanAlaska
toward new discoveries."
The Company is also pleased to announce the additions of Mr. Carey Galeschuk as Senior Exploration
Geologist and Mr. Greg Gudmundson as Project Geologist. Mr. Galeschuk is a Professional
Geoscientist registered in four provinces in Canada and has over 30 years of mineral exploration
experience in a vast array of geological settings and commodities, including nickel, copper, zinc, PGE,
cobalt, lithium, tantalum, rare earths, gold and industrial minerals. Carey has been a geological
consultant since 2016 following numerous geology roles in junior and senior exploration companies,
including management of exploration for the Tantalum Mining Corporation (Tanco Mine) and VP
Exploration for Mustang Minerals. Mr. Galeschuk has a B.Sc. in Geology from the University of
Saskatchewan.
Mr. Gudmundson has nearly 30 years of geological and management experience spanning
environmental, wellsite, gold and uranium exploration. Most recently, Greg was with Orano Canada as a
project geologist for over 15 years where he was responsible for project design, execution and
management of greenfield to brownfield uranium exploration programs in the Athabasca Basin of
northern Saskatchewan. Mr. Gudmundson is a registered Professional Geoscientist with a B.Sc. in
Geology from the University of Saskatchewan.
As part of CanAlaska's transition, Dr. Karl Schimann has assumed the role of Senior Exploration
Consultant with the Company after 17 years as Vice President Exploration. Dr. Schimann has been
integral to the growth of CanAlaska's exploration portfolio since 2004 helping guide the Company with
innovative exploration techniques targeting discovery of a tier one uranium deposit. CanAlaska's current
portfolio of projects are world-class and have the Company poised for ongoing discoveries in uranium,
nickel and copper. Recent exploration successes at West McArthur and Waterbury South highlight the
importance of the early exploration direction set by Dr. Schimann to assemble this strategic land-holding.
In his new role, Karl will continue to be an integral part of the CanAlaska team moving forward and will
remain on the Company's Board of Directors.
The Company also announces that it has granted incentive stock options to an officer of the Company to
purchase up to 200,000 common shares of the Company pursuant to the Company's share option plan.
The options are exercisable for a period of three years at a price of $0.54 per share.
Cory Belyk, Chief Executive Officer, comments:
"The additions of Nathan, Carey and Greg bring an
incredible wealth of experience to the CanAlaska team in our core portfolio commodities of uranium
and nickel. This is an exciting time for CanAlaska as we get ready to roll into this developing
commodity cycle for carbon-free energy metals as the dream of an electrified world becomes a reality.
The ability to attract such talented and experienced individuals to the team is a testament to our
impressive portfolio of projects in the Athabasca Basin and Thompson Nickel Belt. Peter, Karl and
myself look forward to working with the new team members as they grow and flourish, and ultimately
bring new discoveries to our shareholders."
Other News
The Company has recently opened a new office in Saskatoon, Saskatchewan to support the growing
exploration team.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in
approximately 214,000 hectares (530,000 acres), in Canada's Athabasca Basin - the "Saudi Arabia of
Uranium."
CanAlaska's strategic holdings have attracted major international mining companies.
CanAlaska is currently working with Cameco and Denison at two of the Company's properties in the
Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the
world's richest uranium district. The Company also holds properties prospective for nickel, copper, gold
and diamonds. For further information visit
www.canalaska.com
.
The qualified technical person for this news release is Dr. Karl Schimann, P. Geo, CanAlaska director
and Senior Exploration Consultant.
On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, M.Sc., P.Geo.
President
CanAlaska Uranium Ltd.
Contacts:
Cory Belyk,
Executive Vice President & CEO
Tel: +1.604.688.3211 x 306
Email:
Peter Dasler,
President
Tel: +1.604.688.3211 x 138
Email:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the
Company expects, believes or anticipates will or may occur in the future are forward-looking
statements.
These forward-looking statements involve numerous assumptions made by the Company
based on its experience, perception of historical trends, current conditions, expected future
developments and other factors it believes are appropriate in the circumstances. In addition, these
statements involve substantial known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other forward-looking statements will prove
inaccurate, certain of which are beyond the Company's control.
Readers should not place undue
reliance on forward-looking statements.
Except as required by law, the Company does not intend to
revise or update these forward-looking statements after the date hereof or revise them to reflect the
occurrence of future unanticipated events.
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