“CanAlaska’s Nickel Bonanza: 5 Properties & Assets Spinout & AGM Date Set!”

CanAlaska Uranium Ltd. (CVE:CVV) recently announced its decision to spin out 5 nickel properties, covering approximately 690 square kilometers in the James Bay Lowlands region of Ontario, and other assets into a newly registered company, CanAlaska Nickel Corp. (“CNCL”). The spinout was expected to be completed in the third quarter of 2021. The spinout is being done in order to create a pure-play nickel exploration company, which will focus on developing the nickel deposits located on its properties. CanAlaska Uranium will retain a majority ownership in CanAlaska Nickel and will provide funding for early stages of exploration and development of the nickel deposits. In addition to the spinout, CanAlaska Uranium also set the date for its upcoming Annual and Special Meeting for shareholders. The meeting will be held virtually on July 7, 2021 at 9am PST. The purpose of the meeting is for shareholders to approve the spinout of the nickel assets and other matters being addressed. With the spinout of the nickel properties and CanAlaska Uranium’s planned efforts to develop the nickel deposits, the company is positioning itself as a leader in the nickel exploration and development landscape in the James Bay Lowlands region. CanAlaska Uranium has a track record of success in the world of uranium exploration, and now with the spinout of CanAlaska Nickel, they will now look to continue that success in the nickel market.