UUSA's Role in the Uranium Resurgence With the increasing shift away from fossil fuels and the growing demand for nuclear energy, the uranium sector is experiencing a surge in activity, as evidenced by Cameco Corp., a uranium miner, raising its revenue projections. Source: https://www.thewhig.com/commodities/mining/uranium-cameco-hikes-outlook-rising-nuclear-demand
Amidst this escalating demand for uranium, Kraken Energy Corp. (Ticker: UUSA.c or UUSAF for US investors) is diligently advancing its uranium exploration assets to contribute to America's uranium supply chain.
UUSA has been steadily developing its uranium project, identifying multiple drilling targets at its Garfield Hills Project and reporting favorable soil sampling outcomes from its Apex Project earlier this year. UUSA also expects to resume the drilling program at its newly acquired Harts Point Uranium Project soon. With this, UUSA.c exhibited a 5% increase in its closing value today.
Located within Utah's Colorado Plateau, Harts Point occupies a region renowned for significant uranium production dating back to the 1950s. Historically, this area has yielded over 328 million pounds of UO, with concentrations ranging from 0.2 to 0.4%.
Historical data gathered from nearby oil and gas wells adjacent to Harts Point has uncovered instances of remarkably high radioactivity levels, providing promising indicators for UUSA's ongoing exploration endeavors.
More info on UUSA and the Harts Point Project here: https://krakenenergycorp.com/harts-point/ Posted on behalf of Kraken Energy Corp.