CanAlaska Uranium Ltd. (TSX-V: CVV) (OTCQB: CVVUF) is a uranium exploration company in Canada's Athabasca Basin and surrounding region-- an area often referred to as the "Saudi Arabia of Uranium". CanAlaska holds one of the largest land positions in the region, comprising of up to 2,100,000 acres. To date, over CAD $86 Million has been expended exploring and identifying high grade uranium targets on CanAlaska's properties with multiple uranium targets being delineated. The company's management and technical consulting team include geologists and geophysicists with extensive experience in the Athabasca Basin identifying exploration targets for major producers. CanAlaska's primary focus is on advancing the West McArthur and Cree East Projects. SNNLive spoke with Peter Dasler, President and CEO of CanAlaska Uranium Ltd. at the New Orleans Investment Conference 2014.
Mr. Dasler begins with an update of CanAlaska over the past 15 months, “We’ve had a great 15 months, the uranium market has been down, but there’ve been deals out there. We got into a couple deals that have given us money and have given us drills on the ground, we’ve done 13 million dollars’ worth of deals in the last nine months. 11.8 million dollars being put into the ground by Chuck Fipke, the famous diamond explorer, he’s on the ground at the moment on our Northwest Manitoba project.”
Mr. Dasler is very optimistic about the rising uranium prices and believes that the continuous construction of nuclear plants in the US and China will lead to a push for higher demands on uranium. He explains that, “We’re seeing a 30% change in the price of uranium in the last 8 weeks, it’s gone from $26 to $36…There’s a demand for uranium that has to be fulfilled by the producers. If those guys don’t produce, then the nuclear power plant don’t run. I think the markets gonna push that uranium price back up over the $50 range.” For more information, check out their website: www.CanAlaska.com
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