"Uranium stocks are finally starting to outperform the commodity price... and some of their operating leverage is starting to play out here"
As historical uranium cycles tend to go 6 to 8 years, uranium stocks have entered a bull market that will last years according to Sprott Asset Management CEO John Ciampaglia.
With the world's renewed interest in nuclear power, Kraken Energy (UUSA.c UUSAF) has emerged as a high-potential opportunity with four high-grade uranium projects in the tier 1 mining jurisdictions of Nevada and Utah as discussed by UUSA CEO Matthew Schwab during Kinvestor's latest Conference: https://www.youtube.com/watch?v=KskEUan_Mrc&ab_channel=Kinvestor
Harts Point Uranium Project
- Located in the center of the Colorado Plateau which has produced over 328M pounds of U3O8 since the 1950s
- Close proximity to significant historical uranium production including the Favourable Chinle Formation Host Rock and Lisbon Valley Anticline
- Historic exploration drillholes showing 'Off-Scale' radioactivity
- Drilling up to 20 exploration drill holes in 2023
- Nevada's largest past-producing mine representing 50% of Nevada's historic uranium output
- Average production grade of ~0.25% U3O8 and current grab samples up to 3.19% U3O8
- Over 14.5km strike length of favourable geology for uranium mineralization including elevated uranium values along with anomalous gold, silver, nickel and copper
- Strong geophysical correlation between known mineralized zones and current drill targets across the property
Garfield Hills Uranium Project
- 1,268 hectares with high-grade property wide results
- Phase 1 drill program complete with significant upside and mineralized extent currently open in all directions
- 5 new priority target areas identified with significant correlations between strongly anomalous radioactivity and elevated UAV spectrometer readings
- Historic drill results of 0.26% U3O8 over 14m and 0.18% over 14m
Huber Hills Uranium Project
- Elko County's largest uranium past producer
- Recent channel samples grading 0.149% and 0.102% U3O8
- Past production of ~10,000 pounds of U3O8 at 0.24% U3O
In building a US based uranium production plan to service domestic energy demand, UUSA is well positioned in the uranium market with historic mining grades which compare with leading US projects and a clear path to establishing its resources amid ongoing project generation and acquisition evaluations.
Posted on behalf of Kraken Energy Corp