CanAlaska Executes Exploration Agreement with Ya'thi Néné Lands and Resources Agreement Provides for a Sustainable Future for CanAlaska and Communities Near its Projects in the Athabasca Basin
CanAlaska Executes Exploration Agreement
with Ya'thi Néné Lands and Resources
Agreement Provides for a Sustainable Future for CanAlaska
and Communities Near its Projects in the Athabasca Basin
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2023) -
CanAlaska Uranium Ltd. (TSXV:
CVV) (OTCQX: CVVUF) (FSE: DH7N)
("CanAlaska" or the "Company") is pleased to announce it has
signed an exploration agreement with Ya'thi Néné Lands and Resources ("YNLR"), the office
representing the Athabasca Denesułiné First Nations of Hatchet Lake, Black Lake, Fond du Lac and the
Northern Hamlet of Stony Rapids, and the Northern Settlements of Uranium City, Wollaston Lake and
Camsell Portage, to strengthen their relationship.
With extensive land holdings, roughly 350,000 hectares (865,000 acres) and uranium exploration targets
in Saskatchewan's Athabasca Basin and the traditional lands of YNLR First Nations in Treaty 8 and
Treaty 10 Territories, CanAlaska is dedicated to building a sustainable future for its company and the
communities near which it explores. By entering into this agreement, CanAlaska is demonstrating this
commitment. Similarly, YNLR seeks to work collaboratively with exploration and mining companies
operating within its territory. As such, this agreement is founded on YNLR's critical pillars of
environmental stewardship, employment and training opportunities, social well-being, and cultural
awareness and preservation. The agreement also includes provisions related to harvester
compensation, contributions to YNLR's established community trust and northern businesses' contracting
opportunities.
"Signing this agreement with CanAlaska means that our land and traditions can be protected and that
our communities' aspirations in terms of economic development can become reality. It also means
that our Treaty Rights are respected. We welcome CanAlaska's desire to engage with us in a
respectful and mutually beneficial manner. We look forward to their contributions to our community
trust and the contracting and employment opportunities they will bring for our northern people,"
said
Mary Denechezhe, Elder and YNLR Board Chair.
"As a leading explorer and generator of world-class projects in the Athabasca Basin, we value the
strength that working in partnership with the people who call Nuhenéné home brings to our activities. In
turn, by signing this agreement and engaging in respectful and meaningful ways with YNLR and their
communities, we are proud to be able to contribute to their mission of protecting the land and
promoting the people,"
said Cory Belyk, CEO of CanAlaska.
About YNLR
The YNLR is a non-profit organization owned by the Athabasca Basin First Nations of Hatchet Lake
Denesułiné First Nation, Black Lake Denesułiné First Nation, Fond du Lac Denesułiné First Nation and
northern Saskatchewan municipalities of the Northern Hamlet of Stony Rapids, the Northern Settlement
of Uranium City, the Northern Settlement of Wollaston Lake and the Northern Settlement of Camsell
Portage.
The YNLR was established in June 2016 with the mandate to promote and enhance the environmental,
social, economic, and cultural well-being of current and future Athabasca residents.
Learn more at
www.yathinene.ca
.
About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) holds interests in
approximately 350,000 hectares (865,000 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 Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for
this news release is Nathan Bridge, MSc., P. Geo., Vice-President Exploration for CanAlaska Uranium
Ltd., who has reviewed and approved its contents.
On behalf of the Board of Directors
"Cory Belyk"
Cory Belyk, P.Geo., FGC
CEO, President and Director
CanAlaska Uranium Ltd.
Contacts:
Cory Belyk, CEO and President
Tel: +1.604.688.3211 x 138
Email:
General Enquiry
Tel: +1.604.688.3211
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/184093