UUSA.c: Empowering US Uranium Production Amidst the global expansion of the nuclear energy sector, numerous countries are planning new plants, drawn to the advantages of nuclear energy, such as zero carbon emissions, high uptime, and streamlined infrastructure. Surprisingly, the United States heavily relies on uranium imports, despite its potential for energy independence.
https://www.thestar.com/business/opinion/2023/07/11/in-our-fight-against-climate-change-how-about-a-carbon-zero-fuel-why-nuclears-moment-is-now-.html
Recognizing the growing demand in the domestic market, Kraken Energy Corp. (Ticker: UUSA.c or UUSAF for US investors) is fully committed to advancing its high-grade past-producing uranium properties within the United States. With a focused approach on projects like Apex, Garfield Hills, and Huber Hills in Nevada, the company aims to emerge as a prominent domestic uranium producer.
UUSA also recently acquired the Harts Point Uranium project which is situated within Utah's Colorado Plateau, a region with an impressive history of uranium production, yielding over 328 million pounds of UO with concentrations ranging from 0.2 to 0.4% since the 1950s.
Recently, UUSA announced the commencement of drilling activities at Harts Point, specifically targeting three holes along a 5km strike. The primary goal of these precision drill holes is to intersect the uranium-bearing potential of the favorable Chinle Formation host rock. Encouragingly, historical data from nearby oil and gas wells have shown "off-scale" radioactivity, hinting at promising outcomes for Kraken Energy's endeavors.
Full News Release: https://krakenenergycorp.com/news/2023/kraken-energy-commences-drilling-at-harts-point-uranium-property-utah/ Posted on behalf of Kraken Energy Corp.