Interview with Cory Belyk, CEO of CanAlaska Uranium Ltd (TSX-V: CVV)
Our previous interview: • CanAlaska Uranium (CVV...
Recording date: 1st November 2022
Contrarian investment is the term used to refer to an investment strategy in which an investor purposefully goes against the grain. A contrarian investor buys when most of the market is selling and sells when most of the market is buying.
CanAlaska Uranium Ltd. is a junior exploration company that prides itself on its hybrid model of project generation and active exploration. The Company is focused on the exploration of uranium, copper and nickel deposits in both the Athabasca and Thompson Nickel Belt regions.
The company believes that even though the commodity market is seeing a low point, it will turn and that this is an ideal time to enter the uranium market. The company notes that various mining companies are strategically positioning themselves in this de-valued environment, to enable large growth in the future.
CanAlaska Uranium Ltd. announced on the 6th of October 2022, that it would undertake a non-brokered private placement to raise CAD$ 8 million in gross proceeds. The company announced on the 2nd of November 2022, that it had concluded with the aforementioned announced non-brokered private placement. The placement consisted of the issuing of approximately 13.17 million flow-through units as well as approximately 4.5 million charity flow-through units, for gross proceeds of CAD$ 10 million.
The company is awaiting further assay results from the drilling initiatives it has conducted at its West McArthur project. The company holds a 78% position in the project, with Cameco Corporation holding the remainder. The previous assay results at the West McArthur project have shown mineralisation up to 2.4% U3O8 over a 9 m intercept which includes 3.5% U3O8 over 6 m.
0:00 - Company Overview
0:40 - Defining “Contrarian Investing”
1:32 - Perspective on the Investors’ Sentiment towards the Uranium Sector
3:35 - Perspective on Cameco Corporation M&A Moves Further Downstream
5:54 - Different Types of Investors in the CanAlaska Uranium Share Registry
8:32 - Perspective on the Valuation of Uranium Stocks in the Market
11:11 - Investors flocking in the Share Registry due to Recent Company Announcements
13:30 - Confidence in the Potential of the Recent Uranium Discovery
16:58 - Terms of the Joint Venture with Cameco Corporation
18:18 - The New Uranium Discovery as the New Flagship Project
19:25 - Overview & Discussion around the New Uranium Discovery
23:09 - Setting up the Next Phase of Drilling in the New Uranium Discovery
24:19 - Possible Challenges & Weakness for the Company and the Uranium Market
27:10 - Upcoming Two Drilling Rigs in Q1
27:47 - Outro
-
Crux Investor is an investing app for busy people. For a small, monthly membership fee you’ll receive a single stock recommendation each month, curated by industry experts and presented in a clear and focused one-page memo. Head to Crux Investor to learn more and to sign up for your time-saving, stress-slaying membership today.
Learn more: cruxinvestor.com
Sign up for Crux Investor: cruxinvestor.com