Kraken Energy (CSE: UUSA) is in a great position to exploit the Apex Project, Nevada’s largest past producing uranium mine.
The company has beefed up its management team and advisory board with the addition of Troy Boisjoli and Matthew Schwab, both former NexGen Energy execs.
The company is well funded, and actively progressing exploration at Apex. Most recently, radon surveys identified multiple anomalous trends, confirming the presence of uranium. UAV radiometric and mag survey results are also expected soon, which will provide the company with additional important layers of data for regional drill targeting.
UUSA.c is currently trading at $.97, recently crossing the 50MA and making a 45% gain from all-time lows. The company is presently valued at $52.57 million.
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