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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

Kraken Energy Corp
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Post by MarketMakersson Oct 05, 2023 5:21pm
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Post# 35672032

SPUT doubles uranium supply to ~62M pounds

SPUT doubles uranium supply to ~62M pounds
As prices soar by over 30% to a 12-year high, the uranium market is in a nuclear upswing amid dwindling supply and increasing global demand for cleaner energy sources.

With this, Sprott Physical Uranium Trust, the world's largest and only publicly-listed physical uranium fund, has been buying supply at a record pace, doubling its uranium supply to nearly 62 million pounds.
"According to Sprott CEO John Ciampaglia, the current dynamics of the uranium market seem to be more influenced by supply factors than demand. He sees the current uranium bull market rolling on for several more years, especially considering that historical uranium cycles last six to eight years due to the significant capital requirements."

Amid this landscape, Kraken Energy (UUSA.c UUSAF) has emerged as a high potential opportunity with four high-grade uranium projects in the tier 1 mining jurisdictions of Nevada and Utah as discussed by UUSA CEO Matthew Schwab during Kinvestor's latest Conference: https://www.youtube.com/watch?v=KskEUan_Mrc&ab_channel=Kinvestor

Posted on behalf of Kraken Energy Corp
 

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