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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 Justdosomeddon Oct 12, 2022 1:09pm
126 Views
Post# 35019942

Drilling Permit at Garfield Hills (Commencing Soon)

Drilling Permit at Garfield Hills (Commencing Soon)
After recently increasing the land package and sampling up to 0.32% U3O8, $UUSA.C has just received a drilling permit at the Garfield Hills uranium property and has also announced stock option grants. The drill permit allows for up to a 5,000m, 25-hole diamond drill program to test the extent of uranium mineralization that includes historic drill intercepts from the late-1960s.
 
- Phase 1 will begin mid-October and include up to 2,000m of drilling.
- Alongside that, they’ll conduct a UAV radiometric survey to map out potential uranium targets.
- They also announced some new stock option grants.
 
https://ca.finance.yahoo.com/news/kraken-energy-receives-drill-permit-113000850.html
 
As the world continues to struggle with the energy crisis, countries have been looking into nuclear energy due to its cost-effective and eco-friendly nature. With the nuclear energy market beginning to show signs of growth, uranium will be needed to satisfy the energy demand. Besides the Garfield Hill property, $UUSA.C also owns Apex, Nevada’s largest past-producing mine accounting for over 50% of total historical production in the state at an average grade of 0.25% U3O8. With high-grade silver, gold, and copper also being reported on the property, there’s potential to diversify outside of uranium.
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