Uranium is expected to play a major role in electrification and phasing out carbon energy dependence. With this, the World Nuclear Association expects demand to increase from 162 million pounds in 2021 to 206 million pounds by 2030 and 292 million pounds by 2040. Source: https://magazine.cim.org/en/news/2021/the-cyclical-surge-of-uranium-en/
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. As the demand for uranium in the US continues to gain momentum, UUSA recognizes the significant potential of the domestic market.
Positioned in Nevada, a renowned jurisdiction for uranium production, UUSA holds three past producing properties - Apex, Garfield Hills, and Huber Hills projects - with the aim of establishing itself as a prominent domestic uranium producer.
UUSA also recently added the Harts Point Uranium Project, located in Utah's Colorado Plateau to its portfolio.
Since the 1950s, the Colorado Plateau in Utah has yielded more than 328 million pounds of U3O8 at a U3O8 grade ranging from 0.2% to 0.4%. In light of this prolific history, there is great anticipation surrounding the untapped potential of UUSA' Harts Point Property, which boasts 20 exploration drill pads that have been successfully permitted.
UUSA is expected to start its initial drilling phase at Harts Point, with a primary focus on replicating three historically significant holes along a 5-kilometer stretch, this month. These holes demonstrated notable radioactivity, suggesting the presence of uranium mineralization.
Watch here for more info: https://twitter.com/i/status/1679491414504112128 Posted on behalf of Kraken Energy Corp.