Kraken Emergy ($UUSA.C) recently discovered some geochemical anomalies at their Nevada Apex Uranium property. The soil sample program was conducted to assess the association of uranium with gold, copper, and silver. In total, they took 93 soil samples covering a 300m x 400m area on the property. Through the sampling, $UUSA.C discovered soil anomalies for all the metals of interest, which makes the area a large area of interest for future exploration. Now, the following steps are to conduct more first-pass soil lines over the property. I'll summarize some of the mineral components that they uncovered through the sampling.
- Uranium in the soil ranged from 0.95ppm-329ppm. The high end of this range is considered strongly anomalous, being over 250 times enriched compared to the average continental crust.
- Gold in the soil ranged from 1ppb-516ppb (found a trend of anomalous good values from the northwest to southeast).
- Copper ranged from 14.8ppm-864ppm, with silver ranging from 0.01ppm-1.73ppm.
https://ca.finance.yahoo.com/news/kraken-energy-identifies-soil-geochemical-113000085.html
Overall, the uranium sector has long-term potential, with nuclear energy being one of the most efficient and cleanest methods of producing electricity. As EV demand rises and around 50 nuclear reactors are currently being built, demand for uranium is set to outpace supply over the next decade. With $UUSA.C’s Apex project being Nevada’s largest past-producing mine, there's a lot of potential to help capitalize on this demand as exploration efforts continue. I think it's definitely a company you should keep a close eye on.