"CanAlaska Uranium Ltd.
is exploring over 10,000 square kilometres (4,000 square
miles) in and around the Athabasca Basin. With several world
class partners, and a highly skilled and experienced management
team, the company has positioned itself for exploration success.
Since coming on the scene
in 2004, CanAlaska has expended over $25 million in uranium
exploration, and has commenced drilling several targets with
With uranium oxide (U3O8)
prices well off their low of $7 dollars a pound ($80.00 per
pound at the time of writing), this company is in the right
place at the right time.
Home to 30% of the world's
mined uranium production, the Athabasca Basin deserves the
appellation as "The Saudi Arabia" of uranium because of the
richness of its deposits and the increasing realization of the
potential to find more.
The unique geology of the
basin, and the underlying uranium rich rocks which form bands
across the Canadian Shield allow for the formation of
staggeringly rich uranium deposits. This rich value of ore
allowed production to continue in the basin throughout the
uranium price downturn between 1981 and 2004.
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