As conflict with Russia has no end in sight, the US government has been seeking funds to bolster domestic uranium production and wean off of Russia's supply. For those looking to benefit from America's shift to nuclear energy independence, consider Kraken Energy Corp. (Ticker: UUSA.c or UUSAF for U.S. investors).
https://www.bloomberg.com/news/articles/2022-06-07/us-seeks-4-3-billion-for-nuclear-fuel-to-wean-off-russia-supply#xj4y7vzkg
UUSA.c is focused on becoming a leading domestic uranium producer. The exploration company controls 3 past-producing projects, the Apex, Garfield Hills, and Huber Hills Projects. All of these projects are located in Nevada, a tier 1 mining district. UUSA aims to leverage modern technology and methods to extract significant uranium resources from these past-producing sites.
This quarter the company plans to start a drill program at the Apex Project, which boasts Nevada's largest past-producing uranium mine. Additionally, UUSA has scheduled a drill program at Huber Hills before the end of the year.
UUSA recently completed substantial drilling at its Garfield Hills projects, and samples from this drilling have been sent to a lab for analysis, with results expected to be released soon.
For more information on UUSA, check out its corporate presentation here: https://krakenenergycorp.com/wp-content/uploads/2023/04/Kraken-Corporate-Presentation_2023-04-05.pdf Posted on behalf of Kraken Energy Corp.