CanAlaska Uranium Ltd. announced a non-brokered private placement of non flow-through units at a price of CAD 0.36 per non flow-through unit, flow-through units at a price of CAD 0.425 per flow-through unit, and charitable flow-through units at a price of CAD 0.5575 per charitable flow-through unit; for aggregate gross proceeds of up to CAD 7.5 million on November 20, 2023. Each non flow-through unit will consist of one non-flow-through common share and one common share purchase warrant. Each flow-through unit will consist of one flow-through common share and one half of one common share purchase warrant.

Each charitable flow-through unit will consist of one flow-through common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.56 at any time on or before that date which is 24 months after the closing date of the offering. The company will pay finders' fees comprised of cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange.

All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. The completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.