
CanAlaska Lights Up Pike Zone with Record Uranium Grades in Athabasca Basin
CanAlaska Uranium (TSXV: CVV) reported record uranium assays from the Pike Zone at its West McArthur project, including 8.6 metres at 34.59% U₃O₈ and 14.8 metres at 14.71% U₃O₈. The company commenced a C$12.5 million summer drill program in June 2025 targeting Pike Zone extensions. Additional exploration programs are underway at Cree East, Constellation, and Frontier, funded through joint ventures with Cameco (TSX: CCO) and Denison Mines (TSX: DML). CanAlaska ended 2024 with over C$26 million in cash, supporting its project generator model. With uranium demand projected to outpace supply through 2035, CanAlaska is positioned to benefit from sector and project-specific catalysts. [more]