CanAlaska Signs Definitive Agreement to Acquire Mel Nickel Deposit in Thompson Nickel Belt, Manitoba
CanAlaska Signs Definitive Agreement to
Acquire Mel Nickel Deposit in Thompson
Nickel Belt, Manitoba
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2023) -
CanAlaska Uranium Ltd. (TSXV:
CVV)
(OTCQX:
CVVUF
) (FSE:
DH7N
)
("CanAlaska or the "Company") is pleased to announce that it has
now signed a definitive agreement with B. Riley Farber Inc., in its capacity as Trustee in Bankruptcy of
Victory Nickel Inc., to acquire the Mel nickel deposit and surrounding mineral claims subject to receipt of
TSX Venture Exchange approval.
Details of the property and the structure of the acquisition are set out
in the Company's news release of March 6, 2023.
CanAlaska CEO, Cory Belyk, comments,
"The completion of this acquisition will provide CanAlaska
with a high-grade nickel resource in one of the premier sulphide nickel belts in the world. CanAlaska
and its shareholders will be positioned with a district-scale nickel portfolio and a significant NI43-101
compliant resource right next to Vale's Thompson nickel mining operations in one of the world's best
mining jurisdictions. As the world moves quickly toward carbon-free clean-energy electrification, class
1 nickel is projected to be in high demand and short supply. CanAlaska's Thompson Nickel Belt
portfolio will be very well positioned to take advantage of this market reality."
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
"Cory Belyk"
Cory Belyk, P.Geo., FGC
CEO, Executive Vice President and Director
CanAlaska Uranium Ltd.
Contacts:
Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
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/164892