22:56:16 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



CanAlaska Uranium Ltd (2)
Symbol CVV
Shares Issued 22,429,409
Close 2016-04-25 C$ 0.415
Market Cap C$ 9,308,205
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Lundin says buy CanAlaska Uranium

2016-04-25 04:28 ET - In the News

Brien Lundin, in the April, 2016, edition of the Gold Newsletter, says buy CanAlaska Uranium Ltd., recently 51 cents. This is the first time he has recommended the stock. CanAlaska, a uranium explorer, looks well positioned to benefit from the "inevitable" increase in uranium prices that Mr. Lundin sees over the next year or two. The company is one of the largest landholders in Saskatchewan's Athabasca basin and has several active joint venturers, including: companies controlled by well-known explorer Chuck Fipke on the NW Manitoba and Patterson Lake projects; a group of Korean companies at the Cree East project; and Cameco at the West McArthur project. That last project is the one that most excites Mr. Lundin. West McArthur, as the name suggests, is just west of Cameco's McArthur River mine. As a result of exploration that Cameco was doing right on the border of the two properties, Cameco took an interest in West McArthur, leading to its current agreement to spend $2.5-million in order to acquire a 60-per-cent interest. Mr. Lundin reckons that "even a sniff of success" at West McArthur or any other project of CanAlaska's "would vault the company's value much, much higher." The stock is a buy at current levels.

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