Uranium Miner Unveils High-Grade Assays, Stock Climbs

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Thursday, July 17, 2025

Shares of a uranium mining company are catching attention today following the release of strong assay results. With the stock trading near multi-year highs and maintaining a solid upward trend, these impressive fundamental developments suggest it’s one to keep on investors' radar.

As mentioned, shares of CanAlaska Uranium Ltd. (TSX-Venture: CVV) (OTCQX: CVVUF) are on the move higher as the company just announced impressive geochemical assay results from its winter 2025 drill program at the Pike Zone on the West McArthur project. The latest drillholes have confirmed some of the highest uranium grades to date, including 8.6 metres at 34.59% U₃O₈ (with a 5.5-metre section at 53.90% U₃O₈) in hole WMA079-01, and 14.8 metres at 14.71% U₃O₈ (including 5.4 metres at 39.67% U₃O₈) in hole WMA076-01. The company also expanded its step-out drilling westward along the C10S corridor, where hole WMA095 intersected 3.5 metres at 1.37% U₃O₈, including 1.0 metre at 3.16% U₃O₈, extending the mineralized strike length to roughly 250 metres.

CanAlaska CEO, Cory Belyk, commented in the company’s press release, "Pike Zone continues to deliver exceptional uranium grades in assay. The geochemical results from the winter exploration program confirm the very high-grade nature of the mineralization at Pike Zone with uranium grades up to 85.4% U3O8 returned. In addition, CanAlaska's team continues to prove its ability to deliver early results to its shareholders through use of equivalent uranium grade estimates from calibrated probes confirmed by later assay. With continuous mineralization now successfully extended to 250 metres at the unconformity and open in all directions, I look forward to ongoing and future extension-focused drilling programs. Uranium market fundamentals are rock-solid and with reserve depletion at current tier-1 producing assets ongoing, the time is now for new high-grade uranium discoveries like Pike Zone to come to the forefront."

Shares of CVV are trading at $0.91, up 7.06%, while the company's U.S. listing (CVVUF) is up 5.56% to $0.665 in early afternoon trading.

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