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Kraken Energy Corp C.UUSA

Alternate Symbol(s):  UUSAF

Kraken Energy Corp. is a Canada-based energy company advancing its portfolio of high-grade uranium properties in the Unites States. The Company is advancing its 100%-owned Apex Uranium Property, located 280 kilometers (km) east from Reno, Nevada, which is recognized as Nevada's past-producing uranium mine. The Company has additionally entered into an option agreement to earn 100% of the Garfield Hills Uranium Property. The past-producing Garfield Hills Uranium Property covers 1,238 hectares (ha) and is located 19 km east of Hawthorne in Mineral County, Nevada. It has also recently staked the Huber Hills Uranium Property, located 136 km north of Elko, Nevada, which covers 1,044 ha and encompasses the historic Racetrack open pit mine. The Company has also entered into an option agreement to earn 75% of the Harts Point Uranium Property. The Harts Point Uranium Property covers 2,622 ha and is located 49 km northwest of Monticello in San Juan County, Utah.


CSE:UUSA - Post by User

Kraken Energy Corp
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Post by Stockydocon Aug 02, 2022 3:26pm
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Post# 34866470

Apex mine and UUSA

Apex mine and UUSAThe Apex uranium mine is Nevada's largest past-producing uranium mine and has significant discovery potential. Here's some details:

- Has a historic contribution of 50% of uranium output for the state of Nevada
- 0.25% U3O8 average historic production grade
- 106,000 lbs of U3O8 was sold in the 1950s with no development since

Historical work indicates the potential at Apex and with no modern exploration, UUSA can benefit greatly. Low impact drilling is also currently being conducted at the project which brings UUSA closer to an initial drill program.

https://ca.finance.yahoo.com/news/kraken-energy-engages-drill-contractor-113000072.html
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