in addition to its strategic land position, what we like about this company is that it is now attracting joint venture partners who will spend their money to earn into various projects. Most notable has been a unit of Mitsubishi, who has agreed to spend C$11 million in exploration and cash payments to CanAlaska over a three-and-a-half-year period.
(PRWEB) January 16, 2007
CanAlaska Uranium Ltd. (CVV - TSX.V- DH-7 Frankfurt) has one of the largest holdings in one of the richest uranium districts in the world, that being in the Athabasca Basin in Saskatchewan as reported by: J Taylor's Energy & Energy Tech Stocks (http://www.jaysenergystocks.com) Volume 2, No.1.
According to Mr. J. Taylor, "in addition to its strategic land position, what we like about this company is that it is now attracting joint venture partners who will spend their money to earn into various projects. Most notable has been a unit of Mitsubishi, who has agreed to spend C$11 million in exploration and cash payments to CanAlaska over a three-and-a-half-year period." CanAlaska has 86.9 Million Shares Outstanding, was Recommended on 12/20/06 at $0.56, was priced on 1/2/07 at US $0.75, has a Market Capitalization of $65.2 Million and has a Progress Rating of "D" which means CanAlaska is an early-stage uranium exploration Company. CanAlaska (http://www.canalaska.com) is also searching for elephant-sized deposits, and given their extensive land holdings, we think there are rather good odds that we could be treated to some very good exploration results over the next several months, in which case these shares should perform exceedingly well. That said, it is most important that you realize this is a "D" progress company, which means it is an early-stage uranium exploration. Given the high level of risk inherent in an early exploration stock, it is especially important that you not allocate more than 5% to this one stock at time of purchase.
About J Taylor's Energy & Energy Tech Stocks
J Taylor's Energy & Energy Tech Stocks, is published monthly as a copyright publication of Taylor Hard Money Advisors, Inc. (THMA), Box 770871, Woodside, N.Y. Tel.: (718) 457-1426. * Represents companies in which the editor and/or his family hold a long position. Website: http://www.jaysenergystocks.com. THMA provides investment advice solely on a paid subscription basis. Companies are selected for presentation in this publication strictly on the merits of the company. No fee is charged to the company for inclusion. The currency used in this publication is the U.S. dollar unless otherwise noted. The material contained herein is solely for information purposes. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice. The information contained herein is based on sources, which the publisher believes to be reliable, but is not guaranteed to be accurate, and does not purport to be a complete statement or summary of the available information. Any opinions expressed are subject to change without notice. The editor, his family and associates and THMA are not responsible for errors or omissions. They may from time to time have a position in the securities of the companies mentioned herein. All such positions are denoted by an asterisk next to the name of the security in the chart above. No statement or expression of any opinions contained in this publication constitutes an offer to buy or sell the securities mentioned herein. Under copyright law, and upon request companies mentioned herein, from time to time pay THMA a fee of $500 per page for the right to reprint articles that are otherwise restricted for the benefit of paid subscribers. Subscription rates: Six Months $99, One Year $179; Two Years $329. Foreign delivery postal system, add 25% to regular prices.
About CanAlaska Uranium Ltd. - http://www.canalaska.com
CanAlaska Uranium (CVV - TSX.V, CVVUF - OTCBB, DH7 - Frankfurt) holds eighteen, 100%-owned, uranium projects in Canada's Athabasca Basin. Since September, 2004, the Company has aggressively acquired one of the largest land positions in the region, now comprising over 2,313,000 acres (9,360 square km). In 2005, CanAlaska expended over Cdn$5 million exploring its properties in the Athabasca Basin and delineated multiple uranium targets. Initial drilling from the West McArthur project revealed uranium mineralization and significant zones of hydrothermal alteration, indicative of a favorable environment for uranium deposition. An aggressive $6.5 million exploration program for 2006 is continuing.
On behalf of the Board of Directors
Peter Dasler, M.Sc., P. Geo.,
President & CEO
CanAlaska Uranium Ltd.
The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release: CUSIP# 13708P 10 2. This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange
Vice President, Corp. Dev.
Toll Free: 1.800.667.1870 (N. America)
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