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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.


CSE:UUSA - Post by User

Post by partystockeron Jul 19, 2022 9:59am
75 Views
Post# 34833995

UUSA.c makes progress toward drilling at Apex Project.

UUSA.c makes progress toward drilling at Apex Project.

With a new contractor now engaged, drilling is one step closer at Kraken Energy’s (CSE: UUSA) Apex Uranium Project. 


Last week, the company announced that Nasco Industrial Services and Supply (NISS) will conduct drilling at the Apex project. NISS, whose clients include Hecla Mining, First Majestic Silver, and Rio Tinto, is a leader in low-impact drilling operations utilizing centrifuge technology to capture drill cuttings, as well as operating from platform or track-mounted set ups to minimize surface disturbance.


“The low-impact drilling approach utilized by NISS will allow us to drill the historic Apex Mine area with minimal surface disturbance and water consumption, which are important considerations when working in Nevada,” stated Garret Ainsworth, UUSA Chairman. 


Really excited for drilling to get underway here, as the Apex Property holds a ton of opportunity for this micro-cap explorer. 


$UUSA.c is currently trading at $.98, up over 45% in the last 5 days. The company is presently valued at $53.06 million. 


https://ceo.ca/@newsfile/kraken-energy-engages-drill-contractor-for-drill-program

 
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