CanAlaska Uranium CEO Cory Belyk joined Steve Darling from the Vancouver Resources Investment Conference to share news about the company’s latest developments at the West McArthur project, located in the eastern Athabasca Basin. Belyk highlighted that the company currently has three drill rigs operating, focused on advancing the high-grade Pike Zone discovery.

“We’re drilling very high-grade mineralization, ultra-high grades, as high as 85% last year,” said Belyk, noting the Pike Zone lies just 15km west of the McArthur River mine. The company has outlined plans for a robust 8 to 10-month drilling program in 2026, backed by a $15 million exploration budget — a 20% increase year-over-year.

With nearly 40 million dollars in the treasury, CanAlaska is fully funded for 2026 and beyond. Belyk credited strong backers and investor interest, underpinned by rising uranium prices and the global momentum in nuclear energy investment.

CanAlaska holds an extensive land position of approximately 500,000 hectares, with the West McArthur joint venture — in which the company holds an 89% interest — being a key focus area. Belyk expressed optimism about expanding the Pike Zone, stating: “We’ve got mineralization connecting it like a string. Now we’ve got to go and find that next pearl.”

The discussion also touched on broader sector dynamics, with Belyk acknowledging increased investor attention in uranium due to recent price surges, calling it a “real change” in capital availability across the industry.

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