Big budget for CanAlaska

Article Excerpt

CANALASKA URANIUM $0.16 (Toronto symbol CVV; SI Rating: Start-up) (1-800-667-1870; www.canalaska.com; Shares outstanding: 137.8 million; Market cap: $22.0 million; No dividends paid) has announced an exploration budget of $15 million for 2010. So far in 2009, CanAlaska has spent $6.8 million. The company’s joint-venture partners funded $4.8 million of that total. These include Japan’s giant Mitsubishi Corp., Chinese mining firm East Resources Inc. and a consortium of Korean companies that consists of Hanwha Corporation, Korea Electric Power, Korea Resources and SK Energy. CanAlaska owns a large amount of land that contains lots of drilling prospects. Moreover, it has personnel with expertise in exploration and mine building, specifically in the Athabasca Basin region. CanAlaska Uranium is a buy for highly aggressive investors. investors…