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Bullboard - Stock Discussion Forum 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... see more

CSE:UUSA - Post Discussion

Kraken Energy Corp > Completed Geophysical Surveys at the Apex Property
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Post by Justdosomedd on Nov 03, 2022 1:27pm

Completed Geophysical Surveys at the Apex Property

Nuclear energy continues to be at the forefront of talks regarding cost-effective, efficient energy as the energy crisis continues to grip the world. A single plant can power over 600,000+ homes, and with the demand outlook for uranium starting to rise, uranium mining companies have begun to capitalize on the recent price growth.
 
$UUSA.C just completed geophysical surveys at their Apex Uranium project identifying a number of priority drill targets and were focused on the 13-kilometre (8.2 miles) northwest-southeast trend from the Apex Mine to the Lowboy Mine. With the information gained from these surveys and the additional high-priority target areas, $UUSA.C will be able to better plan targets for upcoming drilling to yield more effective results.
 
https://ca.finance.yahoo.com/news/geophysical-surveys-completed-kraken-energys-113000650.html
 
The Apex Mine is one of $UUSA.C’s crown jewels. As Nevada’s largest past-producing mine accounting for nearly 50% of Nevada’s total historical uranium production, there's significant potential for the property to be a leader in the state once again.
 
- 0.25% U3O8 historical production grades with recent still results returning grades far above the historical average up to 3.19%.
- Well-developed local infrastructure alongside a 15 min drive to highway 50.
- Also has significant high-grade silver, gold, and copper resource from historical exploration and production.
 
Overall, $UUSA.C has a bright future ahead. With rising energy demand and promising properties, the current $25M valuation is something to keep a close eye on moving into 2023.
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