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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 SkywalkerofLukeon Sep 26, 2022 3:38pm
91 Views
Post# 34987457

Recent News

Recent News

UUSA.c UUSAF land position looks to be shaping up nicely with their recent news. They announced last week that they saw positive results from rock grab samples at Apex and just expanded the recently acquired Garfield Hills Uranium project to 1,246 hectares. 


Highlights


- 8 rock grab samples were recovered (results of 0.006 to 0.324% U308)

- Visual uranium mineralization was observed as carnotite along an 800m trend (open in all directions)

- Expanded Garfield hills by staking an additional 118 lode claims


UUSA is now planning a UAV magnetic and radiometric survey to provide important layers of data for regional exploration drill targeting at Apex. With them cashed up for exploration and the US investing $4B in domestic uranium I think they’re in a great position here w/ the 2 properties.


https://www.newsfilecorp.com/release/137733

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