CanAlaska Uranium Ltd closed its fully-subscribed non-brokered private placement on December 13, 2023. The company has issued 6,944,444 non-flow-through units for issue price of CAD 0.36 per NFT unit for gross proceeds CAD 2,499,999.84, 17,406,991 flow-through units for issue price of CAD 0.425 per FT unit for gross proceeds of CAD 7,397,971.20 and 3,770,456 charity flow-through units for issue price of CAD 0.558 for gross proceeds of CAD 2,102,029.2, for total gross proceeds of CAD 12,000,000.27. The Company paid a total of CAD 682,270.33 and issued a total of 1,584,772 warrants as finder's fees. Each finder's warrant is exercisable for one common share at a price of CAD 0.425 for two years. All securities issued under this private placement are subject to a hold period expiring April 13, 2024, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The transaction included participation from officers and directors of the Company for 209,007 FT Units. The transaction included participation from 58 investors included from three existing insider for 209,007 flow-through units, one pro group involvement: for 25,000 non flow-through units.

On December 15, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange.