CanAlaska highlights Pike Zone drilling, reports assays up to 85.4% U3O8 in corporate presentation
URA•Share structure
Share structure lists a C$0.38 share price, 220,610,000 shares outstanding, C$83.83 million market capitalization, and C$24 million cash.
Ownership and 2026 program plans
West McArthur ownership: CanAlaska 88.86%, Cameco 11.14%; Key X, Nebula, Cree East, and Waterbury South are shown as 100% CanAlaska-owned.
The 2026 program targets Pike Zone extensions, ultra high-grade pods, unconformity and upper basement mineralization; new geophysics are planned on regional corridors.
Pike Zone drilling progress and assays
CanAlaska released a corporate presentation outlining late-summer progress at West McArthur’s Pike Zone high-grade uranium discovery.
Drilling highlighted assays up to 85.4% U3O8; the mineralized system expanded to about 500 meters and remains open in all directions.
