UUSA's Strategic Advances in American Uranium Exploration As outlined by Nuclear Engineering International Magazine, the nuclear sector is undergoing a revival, as indicated by positive trends in the uranium market. Notable companies such as Cameco and Orano have seen improved profits due to increasing uranium prices and heightened investor interest.
Source: https://www.neimagazine.com/opinion/opinionuranium-spells-out-nuclear-future-11079543/
The resurgence of nuclear energy, poised for a substantial expansion after many years, has created an intriguing narrative for American uranium exploration firms. In response to this growing demand for uranium, Kraken Energy Corp. (Trading symbols: UUSA.c or UUSAF for US investors) is actively engaged in fortifying the future of uranium distribution across the United States.
UUSA has been consistently advancing its uranium projects, identifying multiple potential drilling locations at the Garfield Hills Project and revealing positive outcomes from soil sampling at the Apex Project earlier this year. Additionally, the company has imminent plans to resume drilling operations at its recently procured Harts Point Uranium Project.
Located within Utah's Colorado Plateau, Harts Point occupies an area historically recognized for significant uranium production dating back to the 1950s. This region has yielded over 328 million pounds of UO historically, with concentrations ranging from 0.2 to 0.4%.
Historic data extracted from neighboring oil and gas wells close to Harts Point have unveiled instances of notably heightened levels of radioactivity, boding well for UUSA's exploratory initiatives.
Full Press Release: https://krakenenergycorp.com/news/2023/kraken-energy-pauses-phase-i-drill-program-at-harts-point-uranium-property/ Posted on behalf of Kraken Energy Corp.