UUSA DD and recent news Surging energy needs in the US and around the globe, coupled with movements to de-carbonize are driving demand for nuclear energy. With Russia becoming an unreliable source of Uranium, the US government is offering incentives for domestic uranium producers. One junior uranium company with strategically positioned projects in the US Kraken Energy Corp. (Ticker: UUSA.c or UUSAF for US investors).
UUSA.c is committed to meeting the growing demand for uranium in the United States. The company's mission is to build a uranium hub and spoke model that serves the domestic energy market.
UUSA is growing its portfolio of projects, using a proven selection criteria for success. UUSA selects properties which: are past producers or have a historic resource, are located in tier-1 mining jurisdiction in Nevada, have access to infrastructure, include value-added metals for additional upside, and can have year-round exploration.
By focusing on these critical factors, UUSA is able to identify and invest in projects with the greatest potential for success.
UUSA also has highly experienced leadership. Yesterday the company announced that it has appointed Zachery Hibdon as VP of Exploration, and Carson Halliday as CFO. Hibdon has more than two decades of experience in exploration, including his role as President of a geological consulting firm, where he supervised drilling programs for small firms. Halliday is highly knowledgeable in financial reporting and has worked with several public mining companies.
More on these appointments here: https://krakenenergycorp.com/news/2023/kraken-energy-announces-appointment-of-vp-exploration-and-new-cfo/
UUSA's current portfolio consists of the Apex, Garfield Hills, and Huber Hills projects:
- The Apex Project is Nevada's largest past-producing uranium mine, and UUSA plans to start a drill program there this quarter.
- Garfield Hills has shown promising historical drill results, with UUSA scheduling a Phase 2 drill program later this year.
- And the Huber Hills Project has a production history of about 10,000 pounds of UO, and recent channel samples suggest the potential for more uranium deposits in the area.
Check out UUSA's deck for more info on these projects: https://krakenenergycorp.com/wp-content/uploads/2022/12/Kraken-Corporate-Presentation_2022-Dec-052022.pdf. Posted on behalf of Kraken Energy Corp.