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Kraken Energy Corp UUSAF


Primary Symbol: C.UUSA

Kraken Energy Corp. is a Canada-based energy company advancing its portfolio of high-grade uranium properties in the Unites States. The Company is advancing its 100%-owned Apex Uranium Property, located 280 kilometers (km) east from Reno, Nevada, which is recognized as Nevada's past-producing uranium mine. The Company has additionally entered into an option agreement to earn 100% of the Garfield Hills Uranium Property. The past-producing Garfield Hills Uranium Property covers 1,238 hectares (ha) and is located 19 km east of Hawthorne in Mineral County, Nevada. It has also recently staked the Huber Hills Uranium Property, located 136 km north of Elko, Nevada, which covers 1,044 ha and encompasses the historic Racetrack open pit mine. The Company has also entered into an option agreement to earn 75% of the Harts Point Uranium Property. The Harts Point Uranium Property covers 2,622 ha and is located 49 km northwest of Monticello in San Juan County, Utah.


CSE:UUSA - Post by User

Post by 1StockInformeron Apr 10, 2023 7:56pm
84 Views
Post# 35387639

UUSA.c and its criteria for aquiring new projects

UUSA.c and its criteria for aquiring new projects

With increasing global efforts to de-carbonize and the unreliable supply of uranium from Russia, the US government is now offering incentives for domestic uranium producers. Kraken Energy Corp. (Ticker: UUSA.c or UUSAF for US investors) is a promising US-based uranium exploration company to consider.


UUSA is actively developing three past-producing projects in Nevada, namely the Apex, Garfield Hills, and Huber Hills Projects. Utilizing modern technology and methods, UUSA aims to extract more uranium from these high-potential sites.


User image


The Apex Project, Nevada's largest past-producing uranium mine, is slated to commence a drill program this quarter according to UUSA's plans. Additionally, promising historical drill results from Garfield Hills have led to plans for a Phase 2 drill program later this year. The Huber Hills Project has a production history of approximately 10,000 pounds of UO, and recent channel samples suggest the potential for additional uranium deposits in the area. 


UUSA is actively expanding its portfolio of projects in pursuit of its uranium mining endeavours. The company has a proven selection criteria for acquiring properties, which includes properties with a history of production/historic resource, access to infrastructure, value-added metals for additional upside, and year-round exploration.


By carefully selecting projects with the greatest potential for success, UUSA is a compelling choice for investors looking to tap into the growing Uranium market.


More here: https://krakenenergycorp.com/. Posted on behalf of Kraken Energy Corp.

 
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