President of CanAlaska Uranium, Peter Dasler comments on the growing demand for uranium and the company’s seven properties in the Athabasca Basin.
“CanAlaska Uranium is an explorer. We’re looking for not only uranium but nickel in Canada and we’ve had a number of partnerships over the past ten years which have assisted us that way. Cameco is one of the world’s largest uranium producers, we have an option agreement that the Cameco is earning into. They’re spending three million dollars on drilling on one of our projects where they made a discovery last fall. That is part of a twelve and a half a million dollar option if you’re on this property. We have seven other uranium properties in the Athabasca Basin, we’ve worked with these projects with our Korean partners, Korean Resources Corporation. We’ve been also looking at nickel projects in Canada, the Thompson nickel belt is the fifth largest nickel belt in the world. We have three large properties in Thompson and we are now growing our partnerships to see if we can get those developed. Over the next ten years I have no doubt that we’re going to see a demand for another hundred million pounds of uranium. It will probably go to another two hundred million pounds of uranium per year to supply the plants that are being built. The demand for uranium is going to be very large. So large in fact we’re going to have to find another Cigar Lake every year to satisfy the demand.” – Peter Dasler, President of CanAlaska Uranium
CanAlaska Uranium Ltd. holds interests in approximately 500,000 hectares (1.2 million acres), one of the largest land positions in Canada’s Athabasca Basin region, dubbed the “Saudi Arabia of Uranium” due to the area’s large, high-grade uranium resources. CanAlaska’s strategic holdings have attracted major international mining companies: Cameco, Denison, KORES, and KEPCO to explore the company’s projects.
CanAlaska is a “project generator” with a management and technical consulting team comprised of geologists and geophysicists with extensive experience identifying exploration targets in the Athabasca Basin for major mining companies. CanAlaska’s primary focus is on advancing the West McArthur and Cree East uranium projects.
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