Kraken Energy Corp C.UUSA

Uranium supply needs to increase to meet market needs

[MarketMakerss]

In order for nuclear power to become a key source of energy in our global push to reduce carbon emissions, the uranium supply needs to increase significantly to meet the market needs.

With worldwide uranium supply facing a multitude of constraints in recent years from civil unrest to sanctions on Russia, the requirement for alternative sources to come online is clear.

Understanding this shortfall, the United States Senate approved the establishment of a nuclear fuel program aimed at boosting domestic nuclear fuel production and reducing dependence on Russian-sourced uranium.

This policy shift amid a changing supply and demand landscape presents a significant opportunity for domestic uranium companies, among them is Kraken Energy (UUSA.c UUSAF).

Positioned to capitalize on the nuclear program, UUSA owns four high-grade and past-producing uranium projects in key US jurisdictions including the Apex Mine, Nevada's largest past-producing uranium mine, and Huber Hills, Elko County's largest uranium past-producer which has yet to undergo modern exploration to date.

In recent news, UUSA is a month into drilling activities at its Harts Point Uranium Property in Utah, boasting a robust portfolio of 20 fully permitted drill pad locations and ~$5M cash on hand.

The drilling campaign is targeting the uranium-bearing Chinle Formation host rock, with initial emphasis on three areas along a 5km strike length. These zones were identified due to historical oil and gas wells which showcased "off-scale" radioactivity.

Strategically located within the prolific Colorado Plateau, Harts Point is located in a world-class uranium jurisdiction responsible for producing over 328 million pounds of U3O8 since the 1950s.

Analogous to the Lisbon Valley Anticline, host to 17 large uranium mines that have produced ~80 million pounds of U3O8, Harts Point holds immense promise.

Latest news release: https://krakenenergycorp.com/news/2023/kraken-energy-commences-drilling-at-harts-point-uranium-property-utah/

"Uranium stocks are looking attractive again as nuclear demand poised to power up": https://www.paidpromotionalmessages.com/companies/news/1019892/uranium-stocks-are-looking-attractive-again-as-nuclear-demand-poised-to-power-up-1019892.html

Posted on behalf of Kraken Energy Corp