CanAlaska Launches Aggressive 2026 Uranium Exploration Across Athabasca Portfolio

CanAlaska Uranium ( (TSE:CVV) ) has shared an update.

CanAlaska Uranium has outlined an extensive 2026 exploration campaign across its Athabasca Basin portfolio, highlighted by winter drill programs at its 100%-owned Key Extension and Nebula projects located 15 to 30 kilometres south of the Key Lake Mine and Mill. These programs will test a series of high-priority targets defined by recent high-resolution airborne geophysical surveys and historical drilling, focusing on long, largely untested conductive corridors interpreted to host graphitic metasedimentary rocks and structurally complex zones that could concentrate uranium-bearing fluids. In parallel, the company is advancing additional projects toward future drilling with ground and airborne geophysics, and has commenced a separate $15 million exploration program at its West McArthur project, stating it is fully funded to execute its 2026 work, which underscores an aggressive push to grow its uranium discovery pipeline in a strategically important district.

The most recent analyst rating on (TSE:CVV) stock is a Hold with a C$0.74 price target. To see the full list of analyst forecasts on CanAlaska Uranium stock, see the TSE:CVV Stock Forecast page.

Spark’s Take on TSE:CVV Stock

According to Spark, TipRanks’ AI Analyst, TSE:CVV is a Neutral.

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and substantial cash burn). Technicals also remain bearish with the price below key moving averages and negative MACD. Offsetting factors include positive corporate developments (successful financing and expanded exploration potential), while valuation provides limited support due to negative earnings and no dividend data.

To see Spark’s full report on TSE:CVV stock, click here.

More about CanAlaska Uranium

CanAlaska Uranium Ltd. is a uranium exploration company focused on the eastern Athabasca Basin in Saskatchewan, Canada, where it controls a large 500,000-hectare portfolio of projects. Its activities centre on identifying and advancing high-potential uranium targets near existing infrastructure, including areas south of the Key Lake Mine and Mill, a major historical uranium production and processing hub.

Average Trading Volume: 722,799

Technical Sentiment Signal: Sell

Current Market Cap: C$165M

Find detailed analytics on CVV stock on TipRanks’ Stock Analysis page.