The uranium market is on the brink of a potential breakout in 2023 as it tests critical levels, including the spot uranium price nearing $60 and the URA ETF approaching $24. Investors are closely monitoring these prices, and a breakout could usher in a new era for the uranium industry, with indications of rising momentum and interest from institutional and retail investors.
Source: https://investinghaven.com/markets-stocks/uranium-market-breakout-2023/
This momentum and interest is creating opportunities for American uranium exploration companies like Kraken Energy Corp. (Ticker: UUSA.c or UUSAF for US investors). UUSA is consistently progressing its uranium projects, identifying potential drilling sites at the Garfield Hills Uranium Project, reporting positive soil sampling results at the Apex Uranium Project earlier this year and drilling at its recently acquired Harts Point Uranium Project.
Today, UUSA.c closed 15% up after announcing that its CEO, Matthew Schwab, will be presenting at the 2023 Kinvestor Days Virtual Conference on September 19th, 2023, at 10:30 am PT (1:30 pm ET).
This conference hosts leading mining and technology companies, offering a platform for discussing recent developments. Schwab is expected to discuss UUSA's recent activities, including the recent drilling at Harts Point and expansion of the Apex Property.
Harts Point is historically renowned for significant uranium production dating back to the 1950s. It is located in Utah's Colorado Plateau which has yielded over 328 million pounds of UO with concentrations between 0.2 to 0.4%. Oil and gas wells near the Harts Point Project show heightened radioactivity according to historical data, supporting UUSA's exploration efforts.
The Apex project expansion adds 117 contiguous claims on Bureau of Land Management grounds, extending the property size to 14,892 acres. UUSA's newly identified targets lie west of the historic Apex Uranium Mine, integral to a mineralized trend across the property. They plan to explore these targets using methods such as passive seismic testing, airborne magnetic surveys, prospecting, and radon surveying.
Full News: https://krakenenergycorp.com/news/2023/kraken-energy-to-present-at-the-2023-kinvestor-days-virtual-conference-mining-day/ Posted on behalf of Kraken Energy Corp.