Uranium Reaches 12-year high + UUSA.c's Ambitious Plans As highlighted by John Ciampaglia, CEO of Sprott Asset Management, in the video below, uranium prices have reached a 12-year high, driven by factors such as increased interest in nuclear energy as a cleaner power source, rising global energy demands, and supply constraints. He also underscores how this uptick benefits uranium mining companies in terms of profitability and investment interest as the uranium market is experiencing a significant resurgence.
This positive momentum is creating opportunities for American uranium exploration companies like Kraken Energy Corp. (Ticker: UUSA.c or UUSAF for US investors). Kraken has been consistently advancing its uranium projects, including identifying potential drilling sites at the Garfield Hills Uranium Project and reporting favorable soil sampling results at the Apex Uranium Project earlier this year. Additionally, they initiated drilling at the recently acquired Harts Point Uranium Project.
Kraken Energy recently expanded the Apex Uranium Property in Central Nevada by acquiring 117 contiguous claims on Bureau of Land Management grounds. These new claims cover a geophysical trend located west of the historic Apex Uranium Mine, increasing the total property size to 14,892 acres.
Kraken's newly identified targets are strategically positioned on the BLM grounds immediately west of the historic Apex Uranium Mine. These targets are part of a mineralized trend that spans the entire property.
Kraken plans to conduct further exploration of these targets using various methods, including passive seismic testing to determine target depths accurately, additional airborne magnetic surveys to enhance comprehensive coverage, ongoing prospecting activities, and radon surveying.
Full news here: https://krakenenergycorp.com/news/2023/kraken-energy-significantly-expands-project-size-at-the-apex-property-nevada/
Posted on behalf of Kraken Energy Corp.