Kraken Energy Corp C.UUSA

US Uranium Policy Shift beneficial for UUSA

[MarketMakerss]

To establish nuclear power as a significant energy source in our global effort to reduce carbon emissions, a substantial increase in uranium supply is imperative to meet the demands of the market.

However, recently the worldwide uranium supply has encountered various constraints ranging from civil unrest to sanctions on Russia. These challenges underscore the necessity for the emergence of alternative sources to come online.

Recognizing this supply shortfall, the United States Senate approved the establishment of a nuclear fuel program to enhance domestic nuclear fuel production and reduce dependence on Russian-sourced uranium.

This strategic shift in policy, occurring amid a shifting supply and demand landscape presents a significant opportunity for domestic uranium companies, among them is Kraken Energy (UUSA.c UUSAF).

Positioned to capitalize on the nuclear program, UUSA's portfolio consists of four high-grade and past-producing uranium projects in key US jurisdictions. These include the Apex Mine, Nevada's largest past-producing uranium mine, and Huber Hills, Elko County's largest uranium past-producer which has yet to undergo modern exploration to date.

UUSA is currently a month into a drilling campaign at its Harts Point Uranium Property in Utah, boasting a robust portfolio of 20 fully permitted drill pad locations and ~$5M cash on hand.

The focus of the drilling campaign is the uranium-bearing Chinle Formation host rock, with initial attention directed at three areas along a 5km strike length. These zones were identified due to historical oil and gas wells which showcased "off-scale" radioactivity.

Strategically situated within the prolific Colorado Plateau, Harts Point is located in a world-renowned uranium jurisdiction that has produced over 328 million pounds of U3O8 since the 1950s. Analogous to the Lisbon Valley Anticline, host to 17 large uranium mines that have produced ~80 million pounds of U3O8, Harts Point holds immense promise.

Latest news release: https://krakenenergycorp.com/news/2023/kraken-energy-commences-drilling-at-harts-point-uranium-property-utah/

"Uranium stocks are looking attractive again as nuclear demand poised to power up": https://www.paidpromotionalmessages.com/companies/news/1019892/uranium-stocks-are-looking-attractive-again-as-nuclear-demand-poised-to-power-up-1019892.html

Posted on behalf of Kraken Energy Corp