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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

Kraken Energy Corp
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Post by 1StockInformeron Oct 24, 2023 7:58pm
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Post# 35699262

UUSA Gains Drill Permit for its Flagship Uranium Property

UUSA Gains Drill Permit for its Flagship Uranium Property

In a world increasingly focused on sustainable and clean energy sources, the uranium sector has witnessed a resurgence of interest and investment, with the Uranium spot price hitting a 15 year high today. 


https://x.com/quakes99/status/1716559457650344275?s=20


Among the promising junior exploration companies in this industry is Kraken Energy Corp. (CSE: UUSA; OTCQB: UUSAF). Kraken Energy is dedicated to advancing its portfolio of high-grade uranium properties within the United States, offering a vital contribution to the global demand for clean and reliable nuclear energy.


Today UUSA announced that it has received permits that are set to catalyze the exploration of their 100%-owned Apex Uranium Property, in central Nevada.


Previously, UUSA disclosed an expansion of the Apex Property on Nevada Bureau of Land Management (BLM) territory, which covers the promising northwest extension of uranium mineralization from the past-producing Apex Uranium Mine. 


Subsequently UUSA revealed the identification of multiple high-priority drill targets on the new lands. These targets are characterized by coincident geophysical and radon anomalies along a 2.0 km trend to the northwest of the Apex Mine, all within the newly expanded BLM ground.

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In response to these breakthroughs, UUSA has secured approvals from the Nevada BLM, which authorize drilling up to 2,200 meters (7,217 feet) across 24 holes from eight designated pads. 


The company anticipates commencing drilling operations before the end of 2023.


This development marks a significant step forward for UUSA as it pursues its mission to advance and unlock the untapped potential of high-grade uranium properties in the United States. 


The permits granted for the Apex Uranium Property are a testament to the company's dedication to innovative and sustainable energy solutions. 


Full news here: https://krakenenergycorp.com/news/2023/kraken-energy-receives-drill-permit-for-flagship-apex-uranium-property-nevada/


Posted on behalf of Kraken Energy Corp.

 
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