In recent years, the uranium industry has witnessed a remarkable resurgence, driven by the escalating global demand for clean and dependable energy sources. As countries prioritize the transition to sustainable power generation, uranium plays a pivotal role as a vital component in nuclear energy production.
Kraken Energy Corp. (UUSA.c or UUSAF for US investors) is actively dedicated to advancing its portfolio of high-grade past-producing uranium properties in the United States through strategic acquisitions and exploration endeavors. With its three past producing properties in the prestigious jurisdiction of Nevada, namely the Apex, Garfield Hills, and Huber Hills projects, UUSA aims to establish itself as a prominent domestic uranium producer in the US.
In a recent development, UUSA has secured drilling permits for its Harts Point Property. These permits grant permission for up to 20 drill pads, facilitating a comprehensive evaluation of uranium mineralization throughout the property.
UUSA's initial phase of drilling will primarily focus on replicating three historical holes that exhibited significant radioactivity over a 5-kilometer stretch, indicating the presence of uranium mineralization. Drilling is expected to begin this month.
For further details, refer to the complete news here:
https://krakenenergycorp.com/news/2023/kraken-energy-receives-drilling-permit-for-20-drill-pad-locations-for-phase-i-drill-program-at-harts-point/ Posted on behalf of Kraken Energy Corp.