CanAlaska Uranium (TSE:CVV) has released an update.
CanAlaska Uranium Ltd. is set to raise $5 million through a non-brokered private placement of common shares, aiming to fund its exploration projects and cover general working capital. The offering targets qualified investors with exemptions from prospectus requirements and includes a hold period for the securities issued. This capital infusion will support CanAlaska’s ongoing efforts in the Athabasca Basin, where it is advancing high-grade uranium discoveries.
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