Uranium Exploration ➡️New UUSA.c CEO interview In an interview with InvestorIntel, Kraken Energy Corp.'s (ticker: UUSA.c or UUSAF for US investors) CEO and Director, Matthew Schwab, discusses their efforts to establish domestic uranium production in the United States by reviving past-producing uranium mines.
Watch here:
UUSA is focused on acquiring and developing near-surface mineralization resources that were previously taken out of production due to the removal of incentives by the US government in the late 1950s and 1960s. The interview highlights the issue of the US's current dependence on foreign uranium despite having numerous nuclear power reactors, underscoring the importance of domestic uranium production.
Matthew also emphasizes the expertise of UUSA's high-caliber team and their recent agreement to acquire a significant interest in the Harts Point Uranium Property in southeast Utah. The property is situated in the uranium-rich Colorado Plateau near the White Mesa Uranium Mill and has existing permits for exploration drilling. Harts Point has a history of uranium production and displays encouraging indicators of radioactivity.
Make sure to check out the full interview above for more information on Harts Point and UUSA as a whole. Posted on behalf of Kraken Energy Corp.