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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

Post by SkywalkerofLukeon Aug 03, 2022 3:50pm
83 Views
Post# 34869214

CEO Interview

CEO Interview

UUSA.c UUSAF has been holding nicely in the 70c range after recently announcing they engaged a drill contractor to conduct a diamond drill program at the Apex Project (largest past-producing uranium mine in Nevada).


Here’s an interview with the CEO covering the project and their drilling plans.


Key points


- Thoughts on US committing $4.6B for domestic uranium (CEO believes it is just the beginning)

- The Apex Project (high grade results - samples up to 1% at surface)

- Increasing the Apex land position by over 10x

- UUSA set to begin drilling (first time in 50 yrs and expected to begin Q3)


IMO one to be watching considering the history of the project and the increasing pressure from countries to go green and wean themselves off of Russian energy.


https://www.youtube.com/watch?v=AaCBxXoD8hQ

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