Kraken Energy Corp C.UUSA

Alternate Symbol(s): UUSAF

Kraken Energy Corp. is a Canada-based energy company advancing its portfolio of high-grade uranium properties in the United 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.

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Kraken Energy Corp

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Post by waves1on May 31, 2022 4:37pm

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Post# 34721260

UUSA completes acquisition of Panerai!

Nice close in the green for Kraken Energy ($UUSA.c) today, up 3%, following the completion of the acquisition of all issued and outstanding securities of Panerai Capital Corp!

Panerai holds a 100% interest in 8,850 acres of lode mining claims in Lander County Nevada surrounding the past-producing Apex Uranium Mine.

This is a strategic acquisition as it increases $UUSA's land position at the Apex Project by over 1,000% and cover multiple historic uranium showings extending for over 6km from the Apex mine so the total strike length of favourable geology for uranium mineralization controlled by $UUSA exceeds 13km.

https://finance.yahoo.com/news/kraken-energy-completes-acquisition-major-201500905.html

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