Terra Uranium have Staged Option to Earn up to 80% Interest in Two Properties and up to 20% Interest in One Property Focus on High-Grade Eastern Athabasca Uranium Discovery CanAlaska Uranium Ltd. is pleased to announce it has entered into a Letter of Intent with Terra Uranium Pty Ltd an Australian private limited corporation, to allow Terra to earn up to an 80% interest in CanAlaska’s 100%-owned Waterbury East …
Terra Uranium have Staged Option to Earn up to 80% Interest in Two Properties and up to 20% Interest in One Property
Focus on High-Grade Eastern Athabasca Uranium Discovery
CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) is pleased to announce it has entered into a Letter of Intent (“LOI”) with Terra Uranium Pty Ltd (“Terra”), an Australian private limited corporation, to allow Terra to earn up to an 80% interest in CanAlaska’s 100%-owned Waterbury East and McTavish projects, and up to a 20% interest in CanAlaska’s 100%-owned Waterbury South project. These projects total 5,010 hectares in the Eastern Athabasca Basin in Saskatchewan, Canada (the “Projects”) (Figure 1).
Figure 1
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Waterbury East and McTavish Projects
Terra may earn up to an 80% interest in each of the Waterbury East and McTavish projects by undertaking work and payments in three defined earn-in stages on each project (tables 1...
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