CanAlaska Uranium (TSXV: CVV) announced that it has entered into an option agreement with Omineca Mining and Metals (TSXV: OMM) to allow OMM to earn a 50% interest in CanAlaska’s Quesnel porphyry copper project in British Columbia, Canada.

In a press release, CanAlaska explained that OMM may earn up to a 50% interest in the project by issuing 300,000 common shares of OMM, and by completing a 2,000-metre drill diamond program within 12 months of the TSX Venture Exchange approval date.