"How Uranium Can Be a Shelter From Economic Meltdown" "How Uranium Can Be a Shelter From Economic Meltdown": https://www.wsj.com/articles/how-uranium-can-be-a-shelter-from-economic-meltdown-16beecc
As uranium spot prices are up ~18% YTD, uranium has garnered significant attention as a profitable investment with renewed interest in nuclear energy.
With Russia being a key supplier of uranium, sanctions have thrown the industry into a potential supply shortage, putting emphasis on the need for alternate sources and contributing to the appeal of uranium as a long-term investment.
Actively focused on advancing uranium properties in key jurisdictions in the United States, Kraken Energy (UUSA.c UUSAF) is a compelling opportunity in the market with its three high-grade and past-producing uranium projects located in the US, including the Apex Mine, Nevada's largest past-producing uranium mine, and Huber Hills, Elko County's largest uranium past-producer with no modern exploration to date.
Exciting progress emerged from UUSA's third property, the Garfield Hills Uranium Property, with the geochemical assay results from the maiden drilling program revealing shallow, flat-lying uranium mineralization. Plus, a notable intersection of 0.036% U3O3 was found over a 12.5 meter interval starting from a depth of 23.0m.
Regional exploration and new soil sampling efforts additionally led to the discovery of further high grade surface and soil samples containing up to 1.007% U3O3, indicating a mineralized trend over 4km.
UUSA additionally has plans for a Phase 2 drilling program scheduled for later this year, signifying their commitment to advancing their projects.
For more detailed information, refer to UUSA's full news release: 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