Impact: Positive
CanAlaska announced several new uranium targets at its newly acquired Kingston project, and provided preliminary drill results from its West McArthur JV project, both located either within or near the Athabasca Basin. While the new drill targets are exciting, we are more encouraged by the results from West McArthur, as drilling has successfully extended the 42 Zone. Overall, CanAlaska continues to demonstrate potential across multiple projects in the Athabasca region and beyond.