Ongoing Drill Program at UUSA.c's Harts Point Project As the worldwide nuclear energy industry undergoes expansion, numerous countries are strategizing the construction of new plants to leverage the benefits of nuclear power, such as its zero carbon emissions, high operational efficiency, and streamlined infrastructure. However, it is intriguing that despite its potential for achieving energy independence, the United States still heavily depends on uranium imports.
Article Source: https://www.thestar.com/business/opinion/2023/07/11/in-our-fight-against-climate-change-how-about-a-carbon-zero-fuel-why-nuclears-moment-is-now-.html
Recognizing the escalating demand within the domestic market, Kraken Energy Corp. (Ticker: UUSA.c or UUSAF for US investors) has taken a resolute stance in advancing its premium-grade, previously productive uranium properties within the borders of the United States. The company's primary focus revolves around its strategic initiatives in prime mining regions, namely the Apex, Garfield Hills, Huber Hills, and Harts Point Projects, with the aspiration of becoming a notable domestic uranium producer.
In a recent announcement, UUSA has unveiled the commencement of drilling operations at the Harts Point Project, with particular attention directed at three precisely targeted boreholes along a 5km stretch.
The main objective behind UUSA's drilling campaign is to intersect the potential uranium-bearing formations found within the favorable host rock of the Chinle Formation.
Harts Point is located within Utah's Colorado Plateau, an area rich in uranium production history dating back to the 1950s. Over the years, this region has yielded more than 328 million pounds of UO, showcasing concentrations ranging from 0.2 to 0.4%.
Historic data extracted from oil and gas wells in close proximity to Harts Point have unveiled instances of "off-scale" radioactivity, offering promising indications for Kraken Energy's ongoing exploration endeavors.
Full News Release: https://krakenenergycorp.com/news/2023/kraken-energy-commences-drilling-at-harts-point-uranium-property-utah/ Posted on behalf of Kraken Energy Corp.