CanAlaska Uranium (CVV) AI Stock Analysis

• Market Cap: C$180.45M
• Dividend Yield: N/A
• Average Volume (3M): 776.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.79
• Revenue Growth: N/A
• EPS Growth: -69.65%
• Country: CA
• Employees: 5
• Sector: Energy
• Sector Strength: 52
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 220,030,330
• 10 Day Avg. Volume: 801,533
• 30 Day Avg. Volume: 776,087
• PEG Ratio: -1.80
• Price to Book (P/B): 6.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: C$0.89 ▲(48.83% Upside)

The score is primarily held back by weak financial performance driven by a pre-revenue model, sizable losses, and significant ongoing cash burn. Technicals provide some support due to improving short-term momentum, though signals suggest it may be nearing overbought territory. Valuation is difficult to justify on earnings given the negative P/E and lack of dividend support.

Positive Factors

Low leverage

Extremely low debt relative to equity provides durable financial flexibility for an exploration company. Low leverage reduces default and interest-service risk, enabling continued drilling or property acquisition through equity or JV funding without near-term solvency stress.

Expanding asset base

A materially larger asset base reflects accumulated project holdings and exploration investment, creating long-term optionality. Bigger asset inventory supports farm-outs, joint ventures or asset sales, improving strategic alternatives to fund development without immediate revenue.

Joint-venture funding model

A JV-centric operating model is structurally beneficial for junior explorers: it shares capital intensity and technical risk, lets management advance multiple targets using partner funds, and preserves cash while progressing assets toward value-driving milestones.

Negative Factors

Pre-revenue business

Being pre-revenue means the company lacks operating cash inflows from product sales; sustained TTM losses of ~-$15.9M indicate no near-term path to self-sustaining operations. Over months this forces repeated external funding or asset disposals to continue exploration.

Sizable cash burn

Consistent, large negative OCF and FCF show the business is consuming cash at scale. This structural cash burn creates fundraising dependency, risks dilutive equity raises or paused programs, and constrains the firm’s ability to convert exploration wins into financed development.

Negative return on equity

A deeply negative ROE signals that capital employed is destroying shareholder value rather than earning returns. Persistently negative ROE undermines investor confidence, makes future equity raises more costly, and reduces the company’s long-term capacity to attract capital for projects.

CanAlaska Uranium Business Overview & Revenue Model

Company Description

CanAlaska Uranium Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties. It primarily explores for uranium, nickel, copper, gold, and diamond deposits. The company has an option agreement to acquire 80% interest in the Geikie project that comprises six new uranium targets totaling 33,897 hectares located in the Eastern Athabasca basin; and a 100% interest in the Marshall project located in the Athabasca Basin. It also holds interests in approximately 395,000 hectares of mining claims in the Athabasca basin located across the provinces of Saskatchewan, Manitoba, British Columbia, and Alberta in Canada. The company was formerly known as CanAlaska Ventures Ltd. and changed its name to CanAlaska Uranium Ltd. in October 2006. CanAlaska Uranium Ltd. was incorporated in 1985 and is headquartered in Vancouver, Canada.

How the Company Makes Money

CanAlaska Uranium makes money primarily through the exploration and development of uranium properties, which can lead to the discovery of economically viable uranium deposits. The company generates revenue by forming partnerships and joint ventures with larger mining companies that provide funding for exploration in exchange for a stake in the potential future profits from these projects. Additionally, CanAlaska may earn money by selling or optioning its mineral claims to other companies interested in uranium exploration. The company's earnings are significantly influenced by uranium market conditions, the success of its exploration activities, and its ability to attract investment from partners.

CanAlaska Uranium Financial Statement Overview

Summary

Very weak operating fundamentals: the company is pre-revenue with recurring losses (TTM net income about -$15.9M) and heavy cash burn (TTM operating cash flow about -$14.9M; FCF about -$15.0M). The main offset is a conservatively levered balance sheet (debt-to-equity ~0.02) and a larger asset base, which helps near-term solvency, but returns remain deeply negative (ROE around -0.70).

Income Statement

The company remains pre-revenue (revenue is $0 across all reported periods), with recurring operating losses. In TTM (Trailing-Twelve-Months), net income was about -$15.9M and losses have generally widened versus earlier years (e.g., -$3.8M in 2021), indicating a rising cost base without offsetting revenue. A modest positive is that annual net loss improved in 2025 vs 2024 (-$10.5M vs -$8.0M shows deterioration, not improvement), but overall profitability and operating leverage are weak given sustained negative gross profit and EBIT.

Balance Sheet

The balance sheet is conservatively levered, with low debt relative to equity (TTM debt-to-equity ~0.02; total debt ~$0.63M vs equity ~$31.9M). Total assets have expanded meaningfully over time (about $8.3M in 2021 to ~$38.9M TTM), which supports financial flexibility. The key weakness is persistent negative returns on equity (TTM return on equity around -0.70), reflecting ongoing losses that can pressure equity over time if not offset by future funding or a path to revenue.

Cash Flow

Cash burn remains heavy and consistent with the loss profile. In TTM (Trailing-Twelve-Months), operating cash flow was about -$14.9M and free cash flow about -$15.0M, indicating the business is not self-funding. While free cash flow growth in TTM is shown as positive (16.46), the absolute level is still materially negative, and cash generation has not turned a corner. A relative positive is that free cash flow tracks net income closely (free cash flow to net income ~1.0), suggesting losses are largely translating into cash usage without major non-cash distortions.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-183.00K	-196.00K	-168.00K	-105.00K	-18.00K
EBITDA	-10.27M	-9.48M	-9.06M	-6.05M	-3.75M
Net Income	-10.52M	-8.04M	-9.27M	-6.18M	-3.77M
Balance Sheet
Total Assets	23.10M	15.90M	15.39M	16.19M	8.35M
Cash, Cash Equivalents and Short-Term Investments	21.25M	14.10M	13.05M	14.97M	7.68M
Total Debt	685.00K	761.00K	846.00K	305.00K	0.00
Total Liabilities	2.73M	1.86M	3.31M	2.11M	322.00K
Stockholders Equity	20.37M	14.04M	12.08M	14.08M	8.02M
Cash Flow
Free Cash Flow	-13.58M	-11.77M	-12.86M	-6.26M	-2.32M
Operating Cash Flow	-13.56M	-11.48M	-12.48M	-5.89M	-2.19M
Investing Cash Flow	812.00K	-815.00K	-213.00K	-127.00K	10.00K
Financing Cash Flow	20.90M	12.11M	10.17M	12.98M	7.58M

CanAlaska Uranium Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CVV, the sentiment is Positive. The current price of 0.6 is below the 20-day moving average (MA) of 0.83, below the 50-day MA of 0.71, and below the 200-day MA of 0.83, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 51.54 is Neutral, neither overbought nor oversold. The STOCH value of 16.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CVV.

CanAlaska Uranium Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SYH	54 Neutral	C$104.94M	127.50	2.21%	―	―	―
CVV	53 Neutral	C$180.45M	-9.40	-68.08%	―	―	-69.65%
CCCM	51 Neutral	C$129.85M	-38.12	-4.33%	―	―	10.13%
LAM	51 Neutral	C$218.39M	-50.66	-3.57%	―	―	27.96%
SAG	50 Neutral	C$75.97M	-3.80	-58.10%	―	―	-919.03%
FSY	50 Neutral	C$99.11M	-35.22	-9.83%	―	―	49.12%

CanAlaska Uranium Corporate Events

CanAlaska Launches 2026 Drilling at Key Extension Uranium Project Near Key Lake

CanAlaska Uranium has commenced its 2026 winter drill program at its 100%-owned Key Extension project in the southeastern Athabasca Basin, located about 15 kilometres south of the past-producing Key Lake Mine and operating Key Lake Mill. The program will use one diamond drill to complete an estimated 8 to 12 holes targeting high-priority basement-hosted uranium targets defined by recent high-resolution airborne geophysical surveys and historical drilling, focusing on conductive graphitic metasedimentary rocks and structurally complex zones believed to be favourable for uranium deposition. Key target areas include zones up-ice of the radioactive Orchid Lake boulder field, a largely untested western conductive trend that parallels the prolific Wollaston-Mudjatik transition zone, and follow-up of 2023 drilling that intersected graphitic host rocks with structural reactivation, hydrothermal alteration, and uranium enrichment, underscoring the project’s potential significance in a uranium market supported by near US$100 per pound spot prices.

The most recent analyst rating on (TSE:CVV) stock is a Hold with a C$0.91 price target. To see the full list of analyst forecasts on CanAlaska Uranium stock, see the TSE:CVV Stock Forecast page.

CanAlaska Assays Extend High-Grade Pike Zone at West McArthur Project

CanAlaska reported geochemical assay results from its 2025 summer drill campaign at the Pike Zone on the West McArthur Project, confirming and extending previously reported high-grade uranium mineralization. The drilling expanded the unconformity-hosted Pike Zone footprint to about 500 metres, with a 140-metre high-grade pod and strong results on the western-most fences, including intersections of 2.5 metres at 0.78% U3O8 and 3.3 metres at 0.53% U3O8, suggesting the mineralized corridor remains open and appears to strengthen to the west along the C10S trend, reinforcing the potential for additional high-grade pods and underscoring the strategic importance of ongoing exploration at this JV asset, which is currently supported by a $15 million 2026 program.

The most recent analyst rating on (TSE:CVV) stock is a Hold with a C$0.81 price target. To see the full list of analyst forecasts on CanAlaska Uranium stock, see the TSE:CVV Stock Forecast page.

CanAlaska Extends High-Grade Uranium Footprint at West McArthur’s Pike Zone

CanAlaska Uranium has reported geochemical assay results from its 2025 summer drill program at the Pike Zone on the West McArthur project, confirming and extending previously reported high-grade uranium mineralization along the C10S trend. The drilling expanded the Pike Zone mineralized footprint at the unconformity to 500 metres in length, with a 140-metre high-grade pod and strong uranium intercepts on the western-most step-outs, where holes WMA099 and WMA099-03 returned 2.5 metres at 0.78% U3O8 and 3.3 metres at 0.53% U3O8, respectively. With mineralization, alteration and structural disruption all remaining open and intensifying to the west, the results reinforce the potential for additional high-grade pods along the corridor and support the ongoing $15 million 2026 exploration program at the West McArthur joint venture, underscoring the project’s growing importance within CanAlaska’s portfolio and the Athabasca Basin uranium sector.

The most recent analyst rating on (TSE:CVV) stock is a Hold with a C$0.81 price target. To see the full list of analyst forecasts on CanAlaska Uranium stock, see the TSE:CVV Stock Forecast page.

CanAlaska Ramps Up 2026 Uranium Exploration Across Athabasca Portfolio

CanAlaska Uranium plans an active 2026 exploration campaign across its extensive Athabasca Basin land package, launching winter drill programs on 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 high-priority targets defined by recent airborne radiometrics, magnetics, and VTEM surveys, which have outlined long linear conductive corridors interpreted as graphitic metasedimentary rocks in the prospective Wollaston-Mudjatik transition zone, with drilling focused on structurally complex areas believed to be favourable for uranium-bearing hydrothermal fluid pathways. In parallel, the company is running and planning additional ground and airborne geophysical work across multiple projects to prepare them for future drilling, and has commenced a $15 million exploration program at its West McArthur Project, with management emphasizing that it is fully funded to execute its 2026 exploration plans, potentially enhancing its resource discovery prospects and regional positioning near existing uranium processing infrastructure.

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.

CanAlaska Launches Aggressive 2026 Uranium Exploration Across Athabasca Portfolio

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.

CanAlaska Launches Three-Rig Winter Drill Program at West McArthur JV to Target New High-Grade Uranium Zones

CanAlaska Uranium has commenced a three-rig winter drilling campaign at its West McArthur Joint Venture project in the southeastern Athabasca Basin, part of a $15 million 2026 exploration program co-funded with Cameco. The program aims to complete 20 to 25 unconformity target intersections, stepping out along the C10S corridor around the Pike Zone to expand on a mineralized footprint already traced over 500 metres, including a defined 140-metre high-grade pod. Building on encouraging 2025 results that showed strengthening alteration, structural disruption and uranium mineralization to the southwest, the company is using new geophysical data and directional drilling technology to test for additional high-grade zones, while also running a ground-based electromagnetic survey on the Epp Lake conductor. Management positions the campaign as potentially transformative given the proven uranium endowment of the C10 and C10S corridors and a supportive uranium price environment, underscoring West McArthur’s strategic importance in CanAlaska’s growth pipeline.

The most recent analyst rating on (TSE:CVV) stock is a Hold with a C$0.69 price target. To see the full list of analyst forecasts on CanAlaska Uranium stock, see the TSE:CVV Stock Forecast page.

CanAlaska Launches $15 Million 2026 Drill Campaign at West McArthur’s High-Grade Pike Zone

CanAlaska Uranium has approved and is preparing a $15 million exploration program for 2026 at its West McArthur Joint Venture in the southeastern Athabasca Basin, where it holds roughly 88.86% and operates alongside partner Cameco. The campaign, to be co-funded on a pro-rata basis, will deploy three drill rigs from early January to step out from the high-grade Pike Zone discovery along the C10S trend, targeting both southwest and northeast extensions where drilling to date has been sparse and geophysical and geochemical indicators suggest strong potential for additional unconformity-related uranium zones. Building on 2025 results that significantly expanded the Pike Zone footprint and delivered some of the project’s best high-grade intercepts, the 2026 program will also test broader sections of the largely underexplored 16-kilometre C10/C10S conductive corridor, aiming to demonstrate further uranium endowment and potentially enhance the project’s scale and strategic value within the Athabasca uranium camp.

The most recent analyst rating on (TSE:CVV) stock is a Hold with a C$0.61 price target. To see the full list of analyst forecasts on CanAlaska Uranium stock, see the TSE:CVV Stock Forecast page.

CanAlaska Expands Exploration Potential at West McArthur Project

CanAlaska Uranium Ltd. announced the results of a geophysical survey on its West McArthur Project, revealing an extension of the C10S conductive corridor to a 16-kilometre strike length. This development highlights new exploration targets southwest of the Pike Zone, enhancing the project’s potential for uranium discovery and positioning CanAlaska for further growth in the uranium sector.

The most recent analyst rating on (TSE:CVV) stock is a Buy with a C$1.40 price target. To see the full list of analyst forecasts on CanAlaska Uranium stock, see the TSE:CVV Stock Forecast page.

CanAlaska Expands West McArthur Uranium Zone Amid Renewed Nuclear Interest

CanAlaska Uranium Ltd. has successfully expanded the mineralized footprint of its West McArthur Joint Venture project in the Athabasca Basin, extending the Pike Zone to a 500-meter strike length. The summer drill program revealed significant uranium mineralization and hydrothermal alteration, with promising results indicating potential for further high-grade discoveries to the west. This expansion aligns with the company’s strategic focus on uranium exploration amid renewed interest in nuclear energy, as evidenced by the U.S.’s recent $80 billion reactor deal with Westinghouse. The findings have prompted a fully funded $15 million exploration program for 2026, set to commence in January, to further explore and develop the Pike Zone corridor.

The most recent analyst rating on (TSE:CVV) stock is a Buy with a C$1.40 price target. To see the full list of analyst forecasts on CanAlaska Uranium stock, see the TSE:CVV Stock Forecast page.