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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 MarketMakersson Jun 20, 2023 5:05pm
73 Views
Post# 35506086

Uranium gaining considerable attention

Uranium gaining considerable attention

As countries aim to reduce carbon emissions and diversity their energy sources, nuclear power is being recognized for its potential in providing reliable and sustainable electricity.

 

With this, uranium has gained considerable attention as it is a key component in nuclear power generation, thus providing an avenue to capitalize on the rising demand for this critical fuel.

 

One high-potential opportunity in the industry is Kraken Energy (UUSA.c UUSAF) - a prominent junior miner that is actively focused on advancing uranium properties in the top US jurisdictions.

 

With three high-grade and past-producing uranium projects located in the US, including the Apex Mine, Nevada's largest past-producing uranium mine, UUSA has significant potential to develop a secure supply of uranium in North America.

 

Exciting news recently emerged with the return of the geochemical assay results from UUSA's maiden drilling program at its Garfield Hills Uranium Property.

 

Exploration revealed shallow, flat-lying uranium mineralization alongside a notable intersection occurring with the broad 12.5m interval of 0.036% U3O3 starting from a depth of 23.0m.

 

Additionally, UUSA announced that regional exploration and new soil sampling efforts have led to the discovery of further high grade surface and soil samples containing up to 1.007% U3O3, indicating a mineralized trend over 4km.

 

For more information, check out the full news release here: https://krakenenergycorp.com/news/2023/kraken-energy-drilling-returns-shallow-uranium-mineralization-in-exploration-holes-at-garfield-hills-uranium-property-nevada/

 

Posted on behalf of Kraken Energy Corp

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