CEO Sheds Light on UUSA.c's U.S. Uranium Exploration Focus At the 2023 Kinvestor Days Conference, Kraken Energy's CEO, Matt Schwab, highlighted the company's focus on U.S. uranium exploration. They noted rising global uranium demand due to conflicts and supply disruptions. The presentation also underscored the significance of a reliable domestic uranium supply to meet the requirements of the U.S. nuclear reactor fleet.
Kraken Energy controls four high-grade uranium properties within the United States, three of which are former producers. This strategic positioning places the company in an advantageous position to capitalize on the increasing demand for domestic uranium production.
Their projects are located across Nevada and Utah, situated within established mining jurisdictions, offering easy access to infrastructure essentials.
Kraken's Harts Point project, positioned at the heart of the Colorado Plateau, which is often referred to as the "Athabasca Basin of the United States," is located near the Lisbon Valley anticline. This region has historically produced 80 million pounds of uranium at an average grade of 0.3%. Harts Point possesses historic oil and gas wells that intersect the same uranium-bearing formation, displaying off-scale radioactivity.
Their Apex Project is strategically located in close proximity to Elko and Reno, Nevada, with easy access to water and electricity. UUSA's recent land acquisitions on BLM land are aimed at minimizing permitting delays and advancing the project.
The historic potential of the Apex property is evident through past drilling results, which have revealed high-grade uranium intercepts. Once the required permits are secured, the plan is to bring the property into compliance and expand exploration efforts across the site.
In his presentation, Schwab outlines the 2024 exploration plans for UUSA's projects, emphasizing potential drilling efforts at the Herts Point Project.
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Posted on behalf of Kraken Energy Corp.