Capitalizing on the Uranium Bull Market: UUSA CEO Interview Uranium prices have been on the rise this year, jumping 22% last month to reach a 15-year high of US$73 per pound.
Source: https://stockhead.com.au/resources/exciting-emerging-uranium-province-devex-doubles-down-on-yellowcake-with-province-scale-murphy-west-earn-in/
This uranium bull market is creating opportunities for American uranium exploration firms like Kraken Energy Corp. (Ticker: UUSA.c or UUSAF for US investors). UUSA is well-positioned with four high-grade uranium projects in the United States, aiming to establish domestic uranium production.
The company has been making steady progress in its uranium ventures, such as identifying potential drilling sites at the Garfield Hills Uranium Project and sharing positive soil sample results from the Apex Uranium Project.
In a recent interview, Peter Grandich spoke with UUSA's CEO Matt Trout, discussing the current state of the uranium market and the company's advancements. Matt highlighted the increasing interest in uranium driven by concerns about shortages and the importance of energy security.
The interview emphasized the strong management team at UUSA, known for their extensive experience in uranium exploration, especially in Canada's Uranium-rich Athabasca Basin.
The company has received an update from the U.S. Forest Service and expects to secure drilling permits for its Apex property in early 2024. They are also expanding their land holdings and conducting geophysical surveys to further advance their projects.
Matt acknowledged the rising interest in uranium, both from institutional and retail investors. He hinted at upcoming press releases and suggested that the remainder of the year could continue to be exciting for UUSA and the uranium market as a whole.
"Things are looking great right now, so a lot of optimism related to that speculation for how things are going to look tomorrow."
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Posted on behalf of Kraken Energy Corp.