CanAlaska Now Trading on OTCQX Platform USA investors to gain better access to quotes and trading New uranium discovery in Athabasca Basin advancing
CanAlaska Now Trading on OTCQX Platform
USA investors to gain better access to quotes and trading
New uranium discovery in Athabasca Basin advancing
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2022) -
CanAlaska Uranium Ltd. (TSXV:
CVV
) (OTCQX:
CVVUF
) (FSE:
DH7N
)
("CanAlaska" or the "Company") is pleased to announce its
qualifications have been accepted to trade on the OTCQX® Best Market. CanAlaska Uranium Ltd. has
upgraded to OTCQX from the OTCQB® Venture Market and is now trading on OTCQX under the
symbol "CVVUF."
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for
the company on
www.otcmarkets.com
.
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To
qualify for OTCQX, companies must meet high financial standards, follow best practice corporate
governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX
Market from the OTCQB Market marks an important milestone for companies, enabling them to
demonstrate their qualifications and build visibility among U.S. investors.
President Peter Dasler commented, "CanAlaska has advanced and grown its uranium, copper and
nickel portfolios, and has shown increasing success with its Canadian exploration.
It is now timely to
expand access to USA investors who wish to invest in exploration for metals that support future clean
energy requirements. We are very pleased to step up to the OTCQX trading platform."
Other News
The Company is actively advancing a new uranium discovery on its West McArthur uranium project in the
eastern Athabasca Basin. As part of the summer program, the Company reported a 6.3 metre long
interval of elevated radioactivity in the basement of WMA067, 100 m below the unconformity. WMA067
is located along a newly defined exploration trend, approximately 6 kilometres along strike to the
southwest of the Company's 42 Zone mineralization. The summer drilling program is part of an approved
$5 million program operated by CanAlaska, who currently holds a 77.13% ownership in the project.
On the Company's Manibridge project, its partner Metal Energy (TSXV: MERG) is continuing work on the
phase two summer drill program. The drilling is focused within the shadow of the past-producing
Manibridge Nickel Mine that produced 1.3 million tonnes at an average grade of 2.55% nickel and
0.27% copper from 1971 to 1977, in the Thompson Nickel Belt, Manitoba.
About OTC Markets Group Inc.
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international securities. Our data-driven disclosure standards form the foundation of our three public
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®
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®
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®
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®
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.
Media Contact:
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About CanAlaska Uranium
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) holds interests in
approximately 300,000 hectares (750,000 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
.
On behalf of the Board of Directors
"Peter Dasler"
Peter Dasler, M.Sc.
President
CanAlaska Uranium Ltd.
Contacts:
Cory Belyk, Executive VP and 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/132105