Company Interviews

CanAlaska Uranium (TSX-V: CVV) - Something Similar to What We Know Already


Listen Later

Interview with Peter Dasler, President & CEO of CanAlaska Uranium Ltd. (TSX-V:CVV)CanAlaska Uranium is a uranium-focussed explorer in and around the Athabasca Basin. The company also has a nickel project that it has farmed out. With C$1.5M, CanAlaska has been doing what most uranium juniors have been for the last few years: hunkering down and waiting for the market to turn. Dasler also regards CanAlaska as a project generator: what does this mean?Dasler explains that CanAlaska has 3 uranium strategic partners: Cameco, Denison and, Northern Uranium. The company owns 500,000 acres of land across 12 projects. The most significant recent event is the discovery of high-grade uranium at the West McArthur property, in addition to the nickel JV and potential fundraising effort to drill West McArthur.A project generator and explorer? Dasler claims he and his team have been explorers for the last 40-years. In 2004, when the team took a look at the uranium market for the first time, the team acquired some uranium projects in the basin. CanAlaska was rapidly approached by other groups to share the projects, which created the project generation description of the company. The focus has always been on finding a new uranium zone akin to McArthur River or Cigar Lake. With 2.5M acres of land, this was sufficient to bring in strategic partners from Korea, subsidies by the Korean government. Mitsubishi Corporation also funded exploration on CanAlaska's properties.CanAlaska Uranium only has a market cap of c. C$9M, but is sat on a huge land package. Should it be worth more, especially with the kinds of partners that are involved? Dasler believes the company is significantly undervalued and the true value will be revealed when the nuclear fuel industry starts buying more uranium: "it is early days, now is a good time to get in." The company has struggled since 2016. Dasler states the key to adding value will be finding more investors in the resource industry. He claims crypto and marijuana returns in the last few years have been much larger than what natural resources can offer, but this is now changing.CanAlaska is currently sat on C$1.5M cash and has cut back a number of costs, like most uranium juniors. How can Dasler shake up the kinds of deals CanAlaska is negotiating? Investors won't want to see more of the same. Investors will want to see bigger positions in JVs, more cash upfront and more authority across the board. Dasler states he is reaching more people than he has reached in the last 5 years because of recent promising developments in the uranium space. Will these new conversations change things? Dasler states he doesn't need to change the model "at all." He states a rising uranium market will solve CanAlaska's problems. He says COVID-19 has made the uranium waiting games a hot potato, and he thinks the utility companies will blink first, "once you get this thing rolling, it will move VERY quickly."Dasler believes the capital will be made available to CanAlaska for exploration because the company is in a similar position to where uranium-giant NexGen was 7-years ago. Are these comparisons valid? CanAlaska has been around longer than NexGen but Dasler states the uranium mineralization ("halos of uranium" and "long intercepts") and size of the project are highly comparable. Investors will want to see CanAlaska prove the nature of this "tier-1 type" uranium target. Dasler claims it looks like McArthur River or Cigar Lake and will be hit in the first planned drill programmes this summer; there are only currently a dozen holes in the structure.  Company Page: http://www.canalaska.com/Make smarter investment decisions, subscribe here: https://www.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorTake advantage, hear it here first: https://www.youtube.com/CRUXinvestor
...more
View all episodesView all episodes
Download on the App Store

Company InterviewsBy Crux Investor

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

32 ratings


More shows like Company Interviews

View all
Macro Voices by Hedge Fund Manager Erik Townsend

Macro Voices

3,064 Listeners

Sprott Money News by Sprott Money

Sprott Money News

149 Listeners

Mining Stock Education by Bill Powers

Mining Stock Education

146 Listeners

Mining Stock Daily by Trevor Hall

Mining Stock Daily

97 Listeners

The Market Huddle by Patrick Ceresna & Kevin Muir

The Market Huddle

362 Listeners

Palisades Gold Radio by Collin Kettell

Palisades Gold Radio

267 Listeners

The Grant Williams Podcast by Grant Williams

The Grant Williams Podcast

1,348 Listeners

Wealthion - Be Financially Resilient by Wealthion

Wealthion - Be Financially Resilient

376 Listeners

The Jay Martin Show by Jay Martin

The Jay Martin Show

71 Listeners

Forward Guidance by Blockworks

Forward Guidance

278 Listeners

Thoughtful Money with Adam Taggart by Adam Taggart | Thoughtful Money

Thoughtful Money with Adam Taggart

420 Listeners

Going Nuclear with Justin Huhn and Trevor Hall by Going Nuclear

Going Nuclear with Justin Huhn and Trevor Hall

10 Listeners

The KE Report by KE Report

The KE Report

13 Listeners

The David Lin Report by The David Lin Report

The David Lin Report

42 Listeners

Monetary Matters with Jack Farley by Jack Farley

Monetary Matters with Jack Farley

154 Listeners