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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 Nov 03, 2022 1:27pm
114 Views
Post# 35070265

Completed Geophysical Surveys at the Apex Property

Completed Geophysical Surveys at the Apex Property
Nuclear energy continues to be at the forefront of talks regarding cost-effective, efficient energy as the energy crisis continues to grip the world. A single plant can power over 600,000+ homes, and with the demand outlook for uranium starting to rise, uranium mining companies have begun to capitalize on the recent price growth.
 
$UUSA.C just completed geophysical surveys at their Apex Uranium project identifying a number of priority drill targets and were focused on the 13-kilometre (8.2 miles) northwest-southeast trend from the Apex Mine to the Lowboy Mine. With the information gained from these surveys and the additional high-priority target areas, $UUSA.C will be able to better plan targets for upcoming drilling to yield more effective results.
 
https://ca.finance.yahoo.com/news/geophysical-surveys-completed-kraken-energys-113000650.html
 
The Apex Mine is one of $UUSA.C’s crown jewels. As Nevada’s largest past-producing mine accounting for nearly 50% of Nevada’s total historical uranium production, there's significant potential for the property to be a leader in the state once again.
 
- 0.25% U3O8 historical production grades with recent still results returning grades far above the historical average up to 3.19%.
- Well-developed local infrastructure alongside a 15 min drive to highway 50.
- Also has significant high-grade silver, gold, and copper resource from historical exploration and production.
 
Overall, $UUSA.C has a bright future ahead. With rising energy demand and promising properties, the current $25M valuation is something to keep a close eye on moving into 2023.
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