January 18, 2024
CanAlaska Uranium Ltd. (TSXV:CVV, BUY (S), David A. Talbot) has entered into an agreement to sell a 100% interest in its Titan uranium project in the eastern Athabasca Basin to Cosa Resources Corp. (TSXV:COSA, Not Rated) for a consideration of C$10k in cash and 300k Cosa common shares (valued at C$165k based on last close pre-announcement). CanAlaska stated that the sale price was greater than the staking cost for Titan, representing another successful transaction for its project generator business. Additionally, CanAlaska shareholders would remain exposed to exploration upside on this project, though we estimate that the interest obtained through this deal would represent only ~0.6% of Cosa’s ownership. Meanwhile, we look forward to the drill programs planned at its various projects in 2024, including the West McArthur and Moon Lake South JVs (read notable). Read more
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CanAlaska Uranium Ltd. – TSXV:CVV – 3,8
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