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.

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Kraken Energy Corp

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Post by MarketMakersson Nov 15, 2023 5:51pm

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Post# 35737978

UUSA Commences Drilling at Apex!

Marking a major inflection point amidst the nuclear resurgence and high spot prices, the US and UK will be leading a pledge at the COP28 climate summit to triple nuclear power by 2050. Calling on the World Bank and other financial institutions to include nuclear energy in their lending policies, the aim is to increase the amount of installed nuclear power globally: https://www.bloomberg.com/news/articles/2023-11-14/us-uk-to-push-pledge-to-triple-nuclear-power-by-2050-at-cop28

Poised for significant growth as the nuclear energy market develops, Kraken Energy (UUSA.c UUSAF) has commenced the inaugural drill program at its 100% owned, past-producing flagship Apex Uranium Property!

Apex was Nevada's largest past-producing uranium mine with a 17.5km mineralized trend which produced over 100,000 pounds of U3O8 in the 1950s at an average mining grade of ~0.25% U3O8. Historic drilling results include results of up to 3.1 m (10 ft) at 1.33% U3O8, 34.1 m (112 ft) at 0.37% U3O8 and 15.2 m (50 ft) at 0.51% U3O8

The 2,200m drilling program is targeting a mineralized area over 2km in strike length and will consist of 24 holes from 8 pads to test the high-priority targets immediately northwest and along trend of the historic mine, coinciding with geophysical signatures outlining the mineralized contact.

UUSA CEO Matthew Schwab commented:

"With radon anomalies now over 5 times larger than the footprint of the Apex Mine, our team is confident in the priority targets outlined for this maiden drilling program on the property."

This news follows UUSA's significant expansion of the Apex Property on Nevada Bureau of Land Management ground that covers the potential northwest extension of uranium mineralization from the mine, as well as the identification of multiple high-priority drill targets comprising coincident geophysical and radon anomalies along a 2.0km trend northwest of the Apex Mine and within the newly expanded BLM ground

Full News Release: https://krakenenergycorp.com/news/2023/kraken-energy-commences-drilling-program-at-flagship-apex-uranium-property-nevada/

Posted on behalf of Kraken Energy Corp

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