CANALASKA URANIUM $0.17 (Toronto symbol CVV; SI Rating: Start-up) (1-800-667-1870; www.canalaska.com; Shares outstanding: 137.8 million; Market cap: $23.4 million) owns twenty uranium projects in Saskatchewan’s Athabasca Basin region.
CanAlaska has added partners to help pay for exploration drilling. These include Japan’s giant Mitsubishi Corp., plus a consortium of Korean companies, including Hanwha Corporation, Korea Electric Power, Korea Resources and SK Energy. CanAlaska holds cash of $8 million, and has no debt.
CanAlaska Uranium is a buy for highly aggressive investors.
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