CANALASKA VENTURES $0.08 (Toronto symbol CVV; SI Rating: Start-up) (1-800-667-1870; www.canalaska.com; Shares outstanding: 137.7 million; Market cap: $10.3 million) holds nineteen 100%-owned uranium projects in the Athabasca Basin region of Saskatchewan. The company has added partners to help pay for exploration drilling. These partners include Japan’s giant Mitsubishi Corp. plus a consortium of Korean partners including Hanwha Corporation, Korea Electric Power, Korea Resources and SK Energy. CanAlaska holds cash of $10.2 million and has no debt.
CanAlaska is a buy for highly aggressive investors.
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