CSE:UUSA - Post Discussion
Post by
MarketMakerss on Aug 17, 2023 5:40pm
Uranium emerges as one of the best commodity trades
Green-energy-driven investment in nuclear power is set to push uranium prices to new heights in the near term with the potential to remain at historically high levels for years to come.
Leading executives, speculators, analysts and traders highlighted the uranium case, emphasizing decarbonization policies driving development, nuclear power emerging as a global trend and supply constraints as a major driver in uranium fundamentals showing significant, safe upside.
The US Senate itself has recognized the incoming supply shortfall and approved the establishment of a nuclear fuel program to enhance domestic nuclear fuel production and reduce dependence on Russian-sourced uranium.
All in all, this presents a significant opportunity for domestic uranium companies, including Kraken Energy (UUSA.c UUSAF) and its four high-grade and past-producing uranium projects in key US jurisdictions
Positioned to capitalize on the nuclear program, UUSA's portfolio includes both the Apex Mine, Nevada's largest past-producing uranium mine, and Huber Hills, Elko County's largest uranium past-producer which has yet to undergo modern exploration to date.
With ~$5M cash on hand, UUSA is currently undergoing a drilling campaign at its Harts Point Uranium Property in Utah which boasts a robust portfolio of 20 fully permitted drill pad locations.
The uranium-bearing Chinle Formation host rock is the focus of the drill program, with initial attention directed at three areas along a 5km strike length. These zones were identified due to historical oil and gas wells which showcased "off-scale" radioactivity.
Strategically situated within the prolific Colorado Plateau, Harts Point is located in a world-renowned uranium jurisdiction that has produced over 328 million pounds of U3O8 since the 1950s. Analogous to the Lisbon Valley Anticline, host to 17 large uranium mines that have produced ~80 million pounds of U3O8, Harts Point holds immense promise.
Posted on behalf of Kraken Energy Corp
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