Clean, green energy isn’t just a solution for the future of the global economy moving forward…it’s a necessity. The fossil fuel industry, even before the COVID-19 outbreak, began to show deep cracks in its long-term future as the planet’s primary facilitator for energy solutions.
The global nuclear industry is currently projected to double in size, especially in the wake of the New Green Revolution. One of the major drivers of this clean power growth is that nuclear power plants provide enormous quantities of CO2 emissions-free electricity 24x7. Powering the growth in the nuclear industry will require a huge increase in the supply of uranium. How huge?
CanAlaska Uranium Ltd. (
TSX-V.CVV, Frankfurt: DH7N,
Forum) President Peter Dasler says:
“Nuclear power provides over 10% of the world's electricity, and 18% of electricity in OECD countries. The “Harmony” target is to increase this to 25%. The growth in the world's population, coupled with rapid urbanization, will result in a substantial increase for carbon-free energy over the coming years. Right now, global uranium requirements are estimated to climb to approximately 200 million pounds annually. For the first time ever, uranium demand is expected to surpass both primary production and secondary supplies. This new supply-demand dynamic is likely to continue to fuel higher uranium prices.” 
(Click image to enlarge) Several uranium stocks have rebounded since the March 2020 meltdown in global markets. And they aren’t just rallying with the markets, but because uranium itself is up sharply. This has significant investment implications. Especially for one Vancouver- based uranium and base metal explorer.
CanAlaska is a project generator with extensive land holdings and success identifying uranium exploration targets in the Athabasca Basin. CVV holds interests in approximately 152,000 hectares (375,000 acres), one of the largest land positions in the region. The Company’s exploration programs are focussed on energy-friendly commodities, uranium and nickel that are increasing in price. Its project portfolio includes
West McArthur,
Cree East, and Thompson Nickel along with a variety of other
properties and projects.
In a
recent vodcast with Stockhouse Media, CanAlaska President Peter Dasler said CVV is strategically positioned to meet the growing needs of nuclear energy from all sectors…ranging from military applications to power plants. He also said he’s sees “a lot of people coming back to the table” given the world’s limited number of uranium and nickel explorers which he, in turn, explained
could lead again to explosive share price moves when money flows into these small tight sectors. And, like their nickel assets, CVV is currently exploring large-scale, drill-ready uranium targets in the Athabasca Basin – a region in the Canadian Shield of northern Saskatchewan and Alberta best known as the world's leading source of high-grade uranium. The region currently supplies about 20 percent of the world's uranium.
On the nickel side of the business, CanAlaska recently executed
an agreement with Fjordland Exploration Inc. (FEX) (
TSX-V.FEX) to acquire up to an 80 percent interest in CanAlaska's wholly-owned Hunter and Strong properties – part of CanAlaska's North Thompson Nickel project. The project is adjacent to Vale Nickel Mine’s projected billion-dollar exploration project near Thompson Manitoba.
Recently, the Company
announced a shareholder and investor update for its giant West McArthur Project. President Peter Dasler commented:
"I am very pleased with the new information from the drill program, especially from WMA060. It provided solutions and ideas for the offsets surrounding our high-grade uranium discoveries. Intersection of these structures at or near the unconformity will be the focus of the next drilling program. Now that the uranium price is starting to respond to newly announced mine shutdowns it is expected that further uranium shortages will provide impetus to resume exploration on the West McArthur and other projects in mid- to late-2020." 
(Click image to enlarge) Uranium price now at USD$33.00. See last 12 months above. The Company went on to say that with the best uranium and nickel real estate disappearing, CVV is at forefront with its landholdings in top mineral regions. The continued upward momentum in the price of green commodities uranium and nickel, with CanAlaska’s large opportunity in their projects, is something investors should keenly become aware of.
(Click image to enlarge) So far in 2020, safe haven asset seekers have largely kept gold on positive upturn by 12 percent but silver (-16 percent), palladium (-0.1 percent), platinum (-22 percent) traders haven't been all that bullish.
However, one commodity appears to be resisting the general market misery – uranium.
New High-Grade Uranium Discovery Peter Dasler, President & CEO of CanAlaska Uranium speaks on the company's great opportunity at their joint venture project, West McArthur. (Click image to play video) FULL DISCLOSURE: This is a paid article of Stockhouse Publishing.