News

October 13, 2008

Despite Market Melt Down It Is Steady As She Goes For CanAlaska Uranium

By Our Canadian Correspondent

For junior uranium explorers, gone are the heady days of mid-2007 when the spot price of uranium hit almost US$140 per pound and lofty share prices were the norm. Today the once high flying sector is now on financial life support with only a select few players, like CanAlaska Uranium, being positioned to ride out the current market malaise and eventually breath new life into the beaten down share price.

In fact Can Alaska is already looking ahead by appointing John Kowalchuk as regional exploration manager. John is a seasoned geologist with a solid reputation in the mining community having been district geologist for Placer Dome for over six years. Now this addition may seem a little strange to shareholders who have seen their CanAlaska stock fall from around C$0.60 to its current level around C$0.09 per share but despite the market turmoil CanAlaska, which, backed by its international...